BOB CONCONI • Net Worth $200 Million • House • Yacht • Private Jet • CSRS

Name:Robert Conconi
Net Worth:$200 million
Source of Wealth:Canadian Securities Registration Systems or CSRS
Born:1950
Country:Canada
Spouse:Diane Conconi
Children:Alex Conconi
Residence:Vancouver, CA
Private Jet:n/a
Yacht:MY Aurora (sold)

Who is Bob Conconi?

He is the founder of the Conconi Group, active in real estate and private equity. In 1989 Conconi co-founded the Canadian Securities Registration Systems or CSRS.

CSRS

CSRS was active in the outsourced registration and search industry. The company provided customized outsourced business solutions to businesses and governments across North America.

With 3,900 employees, the company provided consumer and student loan administration services, registration and search services, credit card and loyalty card applications processing medical and dental insurance claims processing, call centre and customer support, marketing and promotional support and supply chain management and fulfillment services.

CSRS’s customer base included financial institutions and auto acceptance and leasing companies in Canada.

Resolve Corporation

CSRS was later renamed Resolve Corporation. In 2006 Resolve went public, raising CAD$ 225 million. Prior to the IPO, the company realized revenues of CAD 200 million with net profits of around CAD$ 7 million.

In 2009 Resolve was acquired by David and Henderson for CAD 3.80 per unit. Conconi still owned 6.000.000 ‘units’ at that moment, netting him CAD$ 24 million.

Bob Conconi Net Worth

We estimate his net worth at more than US$ 200 million.

Philanthropy

Bob Conconi is an active philanthropist, through his Robert L Conconi Foundation.

Yacht Aurora Owner

Robert Conconi


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Bob Conconi House

Robert Conconi Yacht


He was the owner of the yacht Aurora.

Bob and Diane Conconi have owned several yachts, all named Aurora. Their last yacht was a 120ft Nordhavn. While they previously owned 86ft and 62ft versions.

Early 2017 Conconi sold his Aurora yacht after a legal battle with the yacht’s builder. Apparently, the yacht arrived in Canada unfinished. It was never delivered or accepted by the owner.

During construction, Conconi was asked to may several payments ahead of the contractual payment schedule. As the company had some financial difficulties and was not able to continue the construction of the project.

Several inspections and surveys found critical deficiencies. The inspections concluded that the vessel did not meet industry standards with respect to quality, design and construction. More here: https://nordhavnfacts.com/

Do you know if Conconi bought a new yacht? Please do send us a message.