Victor Posner net worth
Victor Posner Net Worth: Victor Posner is an American businessman who has a net worth of $600 million. Victor Posner was born in Baltimore, Maryland in September 1918 and died in February 2002. He was a pioneer of leveraged buyouts and one of the highest-paid corporate executives at the time. Posner bought a 12% stake in the natural gas company National Propane Corporation in 1966 and another 77% the following year. In 1967, he acquired a controlling stake in the shirt maker Wilson Brothers. He acquired a 51% stake in Southeastern Public Service, which owns subsidiaries RC Cola and Arby’s. Posner owns 51% of the Graniteville Company and 25% of Axia Incorporated, among other companies. He is also involved in other companies including Snapple Beverages. He has four children, including Steven and Tracy Posner. Victor Posner died on February 11, 2002 at the age of 83. His fortune is worth between $200 million and $1 billion.
Victor’s daughter, Tracy, is married to Batman actor Burt Ward. Burt and Tracey founded a dog charity called Gentle Giants Rescue and Adoptions together. At any given time, they tend to their approximately 50 dogs as well as hundreds of other dogs pending adoption. They operate a 15,000-square-foot dog shelter and produce a healthy dog food that has helped some animals greatly improve their health and longevity.
