DONALD BURNS • Net Worth $250 Million • House • Yacht • Private Jet

Name:Donald Burns
Net Worth:$250 million
Source of Wealth:Telco
Born:May 31, 1963
Residence:La Jolla
Private Jet:Unknown

Unveiling the Man Behind the Success – Donald Burns

Donald Burns, born on May 31, 1963, is a name that echoes powerfully in the corridors of the telecommunication industry. He is a titan of entrepreneurship, having co-founded Telco Communications and later leading the board of magicJack. Despite his high-profile business ventures, Burns maintains a private personal life, reportedly remaining unmarried.

Key Takeaways:

  • Donald Burns, born on May 31, 1963, is a successful entrepreneur known for co-founding Telco Communications and leading magicJack.
  • He was instrumental in the development and spread of Voice Over IP (VoIP) technology, revolutionizing the telecommunication industry.
  • With a net worth estimated around $250 million, Burns also contributes to various philanthropic endeavors through the Donald A. Burns Foundation.

The Legacy of Telco Communications

In the world of telecommunication service providers, Telco Communications stands out as a pioneering company. It rapidly rose to become one of the nation’s largest long-distance providers, eventually catching the attention of Excel Communication, which bought the company for a whopping $1 billion in 1997.

VoIP Revolution: magicJack and Donald Burns

After the successful venture with Telco Communications, Burns switched his attention to a new revolution in the communication industry: Voice Over IP (VoIP) technology. As a shareholder and Chairman of the Board of magicJack, the company behind VoIP technology, Burns helped shape a new era in communications. This technology, allowing for unlimited phone calls using an internet connection, has transformed how we connect worldwide.

The Net Worth and Philanthropic Endeavors of Donald Burns

Estimations place Donald Burns’ net worth at around $250 million, although there are rumors suggesting he might be a billionaire. Beyond his business ventures, Burns is a dedicated philanthropist, contributing significantly to various causes through his Donald A. Burns Foundation.

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Donald Burns

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Donald Burns House

Donald Burns Yacht

He was the owner of the Christensen yacht CHASSEUR. It seems he sold the yacht in 2021. Her legal owner is a company named MARINE INVESTCO LLC. This company (still…) uses the same address as the Donald Burns Foundation.

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The CHASSEUR Yacht, a masterpiece from Christensen, was built in 2016, boasting a maximum speed of 17 knots and a cruising speed of 12 knots.

Luxuriously accommodating 12 guests and a crew of 12, it’s a perfect vessel for lavish sea voyages.