| Name: | Paul Fireman |
| Net Worth: | US$ 1,1 billion |
| Source of Wealth: | Reebok |
| Born: | February 14, 1944 |
| Age: | |
| Country: | USA |
| Wife: | Phyllis Fireman |
| Children: | Daniel, Marc, Stephanie |
| Residence: | Palm Beach |
| Private Jet: | (N72LN) Gulfstream G450 |
| Yacht: | Solemates |
Paul Fireman is a name synonymous with the athletic shoe industry and private equity. He is the founder of Fireman Capital Partners, a private equity firm that invests in consumer-focused companies, and is renowned for his involvement in Reebok, which he sold to Adidas for $3.8 billion. Here’s a closer look at the life and career of Paul Fireman.
In 1979, Fireman acquired the North American sales rights to Reebok, a British athletic shoe company. He later purchased the company’s UK parent company, which enabled Reebok to surpass Nike as the top-selling manufacturer of athletic shoes in the United States. By the early 2000s, Reebok had exclusive licensing deals with the NFL, NBA, and NHL.
In 2006, Fireman sold Reebok to Adidas for $3.8 billion, netting around $800 million from his share of the sale. This enabled him to start Fireman Capital Partners.
Fireman Capital Partners is a private equity firm that focuses on investing in consumer-focused businesses with revenues between $30 million and $150 million. The firm looks for companies with a unique vision, strong product and market share, and sound management. Fireman Capital Partners has invested in a number of companies, including Bandon Holdings, Dunns River Brands, CANarchy, Surfside Coffee Company, and Idea Paint.
According to Forbes, Paul Fireman’s net worth is $1.1 billion. His assets include the investment firm Fireman Capital Partners, a large real estate portfolio, and the luxury yacht Solemates.
In 1985, Paul Fireman and his wife Phyllis founded The Paul and Phyllis Fireman Charitable Foundation, which has donated more than $165 million to charitable organizations.
In conclusion, Paul Fireman’s contributions to the athletic shoe industry and private equity have been significant. His involvement in Reebok helped turn the company into a major player in the market, and his success in private equity has enabled him to give back through charitable donations.
https://en.wikipedia.org/wiki/Paul_Fireman
https://www.firemancapital.com/
https://www.forbes.com/profile/paul-fireman/
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He lives with his wife Phyllis in a large mansion in Palm Beach. In 2020 he sold his Massachusetts mansion for $23 million.
Palm Beach is an upscale town located in the eastern part of Florida, in the United States. It is known for its beautiful beaches, luxurious resorts and homes, and high-end shopping and dining.
Palm Beach is situated on a barrier island, with the Atlantic Ocean on one side and the Intracoastal Waterway on the other. The town’s beaches are known for their white sand and clear blue water, and are popular with both locals and visitors.
In addition to its natural beauty, Palm Beach is also known for its luxury lifestyle. The town is home to several high-end resorts and hotels, as well as some of the most expensive real estate in the country. The shopping and dining in Palm Beach are also top-notch, with a variety of high-end boutiques and gourmet restaurants.
He is the owner of the Heesen yacht Solemates.
The yacht Solemates was built by Heesen Yachts in 2020. She is designed by Omega Architects.
The yacht is powered by MTU diesel engines. Her max speed is 16 knots. Her cruising speed is 13 knots. She has a range of more than 4,500 nm. Solemates has an FDHF (fast displacement hull form) hull, designed by naval architects Van Oossanen.
The yacht’s name is a reference to his source of wealth. He used to own a large Lurssen yacht, now named Bella Vita.
He is the owner of a Gulfstream G450 private jet, with registration N72LN. The jet is registered to a company named WILLOWBEND AVIATION LLC, which is linked to Fireman.
The Gulfstream G450 is a large business jet produced by Gulfstream Aerospace, a subsidiary of General Dynamics. It is part of the Gulfstream IV family of aircraft and was first introduced in 2005. The G450 is known for its spacious and luxurious cabin, which can accommodate up to 16 passengers in a variety of configurations. It is equipped with advanced avionics and safety features, including a glass cockpit, a weather radar system, and a full authority digital engine control (FADEC) system. The aircraft is powered by two Rolls-Royce Tay 611-8C engines, which provide high performance and reliability. It has a maximum speed of 450 knots (833 km/h) and a range of up to 4,350 nautical miles (8,065 km), making it capable of flying non-stop from London to Los Angeles. The Gulfstream G450 is no longer in production as it has been replaced by newer models. However, when it was available for purchase, its list price was around $43 million USD.
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