Tom Orek Net Worth
Tom Orek Net Worth: Tom Oreck is an American businessman who has a net worth of $65 million. Tom Oreck is best known as one of the owners and family members behind the company. Orrick Corporationhas been one of the leading manufacturers of vacuum cleaners and household appliances since the 1960s.
This Orrick Corporation Founded in 1963 by Tom’s father, David Oreck, it is one of the leading manufacturers of upright vacuum cleaners for the hotel industry in the United States. Today, the company manufactures and sells vacuum cleaners, steam mops, floor machines, air purifiers and cleaning products for use in hotels and homes in the United States, Canada and parts of Europe. Tom O’Lake was born in New York City in July 1951 and is a graduate of the Owner/President Management Program at Lawrence University and Harvard Business School. He has worked in the appliance and consumer goods industry for over 30 years, most recently working with his family to buy back Oreck after the family sold the business to a private equity subsidiary in 2003, Black Diamond Commercial Finance LLC. In 2013, the Oreck family lost a chance to buy back the namesake vacuum cleaner maker in a bankruptcy auction as a rival company behind the company Hoover Brand (Hong Kong Innovation and Technology Industry) made a higher bid for the 600-person Tennessee company.
