| Name: | Dennis Mehiel |
| Net Worth: | $ 500 million |
| Source of Wealth: | US Corrugated / Sweetheart Cup |
| Born: | March 1942 |
| Age: | |
| Country: | USA |
| Wife: | Karen Mehiel |
| Children: | 7 |
| Residence: | New York City, NY, USA |
| Private Jet: | Pls send message if you have info. |
| Yacht | Helios 2 |
Dennis Mehiel, a celebrated business figure and philanthropist, serves as the Chairman and Shareholder of US Corrugated. Born in March 1942, Mehiel has built a prominent legacy in the business world. Apart from his business ventures, he is a dedicated family man, married to Karen Mehiel, and a father to seven children. Mehiel’s remarkable business journey includes his previous ownership of the superyacht Helios 2, which he sold in 2017.
US Corrugated has earned its reputation as a prominent producer of corrugated packaging products, with Mehiel’s strategic leadership at the helm. The company stands as one of the largest independent manufacturers in this field, producing a wide array of industrial packaging, retail packaging, and product displays. The roots of Mehiel’s involvement in packaging trace back to his father’s ownership of Fore M., a packaging company, from which Mehiel derived much of his industry knowledge and business acumen.
In 1966, Mehiel embarked on a new venture by founding Box USA, which soon rose to prominence in the corrugated packaging industry. After decades of success, Box USA was sold to the industry giant International Paper in 2004 for an impressive $204 million, including $198 million in cash, cementing Mehiel’s reputation as a savvy business leader.
Diversifying his business portfolio, Mehiel held approximately 38% ownership in Sweetheart Cup, a leading manufacturer and supplier of single-use foodservice and beverage-related products. The company’s offerings spanned paper, plastic, and foam products. In 2004, Sweetheart Cup was sold to the Solo Cup Company for a staggering $698 million, demonstrating Mehiel’s ability to build and sell successful businesses.
Over the years, through his various successful ventures and business acumen, Mehiel has amassed a net worth estimated to be over USD 500 million, marking his position among the elite business tycoons.
Beyond his business ventures, Mehiel is an avid philanthropist, generously contributing to organizations such as the National Ethnic Coalition of Organizations and The Hellenic Initiative. His dedication to social causes complements his business achievements, cementing his legacy as both a successful entrepreneur and a compassionate benefactor.
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Dennis and his wife Karen Mehiel used to own a large US$ 35 million Condo in New York. The house was known as the Carhart Mansion.
New York City, often simply referred to as NYC, is a vibrant, cosmopolitan hub known worldwide for its cultural richness, diverse population, and economic influence. It serves as the most populous city in the United States, home to over 8.4 million people from every corner of the globe. Notable for its iconic landmarks like the Statue of Liberty, Times Square, and Central Park, NYC also hosts the headquarters of the United Nations.
Its five boroughs – Manhattan, Brooklyn, Queens, The Bronx, and Staten Island – each offer their unique blend of culture, food, and entertainment. The city is a leading global center for finance, media, entertainment, and fashion, with Wall Street and Broadway being the key symbols of these industries. NYC is also renowned for its educational institutions, including Ivy League universities like Columbia and prestigious art schools like Juilliard.
With countless museums, theaters, and concert halls, it stands as a global capital for art and culture. Amidst its towering skyscrapers, NYC retains its historic charm with landmarks such as the Ellis Island Immigration Museum and the historic neighborhood of Greenwich Village.
He was the owner of the motor yacht Helios 2, which he sold. Do you know more about a current yacht owned by Mehiel? Please do send us a message.
The Helios 2 yacht was built by esteemed yacht manufacturer, Palmer Johnson Yachts in 2002.
Originally commissioned by Stanley Hubbart of Hubbart Broadcasting, it was later sold to Mehiel.
Equipped with twin Caterpillar engines, it can reach top speeds of 14 knots and a cruising speed of 12 knots.
The luxurious interior can comfortably accommodate up to 10 guests and a crew of 17.
We have not yet been able to identify his private jet. But please do send us a message if you have information about his business jet. The photos hereunder are just samples of some of the most successful private jets on the market. (Photos by Planespotters.net ; flightaware.com; flickr.com; picssr.com; planefinder.net ) Do you want us to remove a certain photo? Or credit a source? Please send us a message
Yacht Owners Database 2024
