About Dennis Washington
Born in 1934, Dennis Washington is the founder of the Washington Companies, a vast conglomerate of businesses. Married to Phyllis, Washington is also the proud owner of four luxury yachts, including the Blohm and Voss AV, the Feadship Attessa, Evergreen yacht Attessa IV, and the ocean-going tug-turned-yacht, St. Eval.
Key Businesses of the Washington Group
A notable subsidiary of the Washington Group is the Seaspan Marine Corporation, Canada’s premier marine services provider. Operating in various sectors such as shipyards, barge transportation, tug services, and ferry business, Seaspan is the country’s largest marine corporation. Another significant holding is Montana Rail Link Inc., the largest privately-owned railroad in the United States.
Early Career and Success
Dennis Washington began his career working for his uncle’s construction company. At the age of 30, he bought a bulldozer and founded his own construction business, which became Montana’s largest contractor within five years.
Montana Resources: Copper Mining Venture
During the 1980s, Washington acquired a copper mine in Montana, establishing Montana Resources, a company now valued at over US$1 billion.
Yachts and Hollywood Connections
Washington has owned several yachts, all named Attessa. In 1987, his 144-foot yacht Attessa (now called Huntress) appeared in the movie ‘Overboard’ starring Goldie Hawn and Kurt Russell. Later, in 1993, his Attessa was featured in the Demi Moore film ‘Indecent Proposal.’
Dennis Washington’s Net Worth
Washington’s estimated net worth is around $7 billion. His assets include 4 superyachts, a Boeing 737 BBJ business jet, and a large real estate portfolio.
Philanthropic Endeavors
An active philanthropist, Washington co-founded the Dennis and Phyllis Washington Foundation, which has donated over $130 million to various causes.
Phyllis Washington: Entrepreneur and Antique Aficionado
Dennis’ wife Phyllis Washington is the owner of Maison Felice, an exclusive antiques store in Palm Desert, California. With over 25,000 square feet of exquisite items and furnishings, the store is a popular destination for top West Coast designers.
The Washington Family: Children Kyle and Kevin
Kyle Washington
Kyle Washington serves as Executive Chairman at Seaspan and sits on the board of Washington Corporation. After graduating in Montana, he moved to Canada and now resides in Vancouver with his wife Janelle and their three children.
Kevin Washington
Kevin Washington is an integral part of the family business management and a founding partner of Aviation Partners and Aviation Partners Boeing in Seattle, Washington. The company develops blended winglet technology for Boeing and various private aircraft manufacturers.
In conclusion, Dennis Washington has built an impressive empire through his business acumen and strategic investments. Alongside his wife, Phyllis, the Washington family continues to contribute to various industries, including marine services, railroads, and aviation, as well as giving back to the community through their philanthropic foundation.
Resources
wikipedia.org/wiki/DennisWashington
www.forbes.com/profile/denniswashington
www.dpwfoundation.org
www.washcorp.com
dianayachtdesign.nl/yachts/diana265/
www.forbes.com/pictures/attessa-iv/
Mention SuperYachtFan When Sharing This Information
When using the information from this article, please remember to give credit to SuperYachtFan. Our team works hard to provide accurate and engaging content for our readers, and we appreciate your support.