Being a Chief Executive Officer is empowering. You get to make decisions on an executive level meaning that you are the acting head of an organisation. However, this CEO is the cream of the crop, the most established and rich of the lot. unknown is a legend in the field of business, being the head of one of the strongest businesses in the world. This individual was born on November 16, 1946 in the beautiful unknown. Showing great potential and signs of leadership at a young age unknown attended ant graduated Seton Hall University before becoming a full-time Film Producer. Growing up in the family of Agnes Kozlowski, Leo Kelly Kozlowski, unknown, as well as throughout a colourful working career unknown earned the titles and nicknames of unknown. One of the most established personalities in the executive world, unknown has a total net worth of around $600 Million.
Read more about Dennis Kozlowski Biography
Dennis was born to Agnes Kozell, a school guard and Leo Kelly Kozlowski, a police investigator, and is of American and Polish ancestry. He graduated from Seton Hall University with a Bachelor of Science degree in 1968, and in 1970 began his career as auditor in mergers and acquisitions at the SCM Corporation. He later worked for several other companies such as Cabot Corporation where he was in the finance sector, and Nashua Corporation where he served as an analyst and director of audit. These engagements provided the basis for Dennis Kozlowski’s net worth.
In 1975, Kozlowski joined Tyco Laboratories – later rebranded into Tyco International Ltd. – where he spent the next 27 years climbing the ladder through various chief’s positions to vice president, and finally in 1992 being named company CEO. Under the leadership of Kozlowski, Tyco dramatically expanded during the 1990s – from modest industrial parts manufacturing recording $20 million in annual sales to an international conglomerate with over $36 billion in yearly revenues. Through a series of smart investments and acquisitions in which he spent more than $60 million and merged over 200 small companies, Kozlowski raised Tyco to the very top of the global business scene, increasing its stock market shares value by almost 800%. All these accomplishments helped Dennis Kozlowski to increase his net worth by a large margin.
Apart from his professional achievements, Kozlowski is widely known for his rather extravagant lifestyle and lavish parties – he spent over $2.1 million of Tyco’s money on organizing his (now ex-) wife’s 40th birthday party on Sardinia, Italy, which featured a private, one-hour concert by Jimmy Buffett and “vodka-peeing” full-size ice replica of Michelangelo’s masterpiece David. In 2000 Tyco allegedly paid $30 million for Kozlowski’s New York City’s apartment which featured $15,000 worth of ‘antique poodle umbrella stand’, $6,000 worth of shower curtains as well as a $2,200-valued gilded wastebasket. Apart from all these, Kozlowski managed to gather an impressive fine arts collection, worth over $14.7 million as well as $5 million worth of oceanfront estate based on Nantucket Island, all paid through Tyco’s accounts. All these “ventures” barely impacted Dennis Kozlowski’s net worth, as all those were paid by Tyco International Ltd.
A day after resigning from Tyco’s CEO position in 2002, Kozlowski was faced with charges for evading over $1 million in taxes for his fine arts collection, however, a mistrial was declared. Later that year, he was charged for “pilfering” $170 million as well as for receiving over $81 million in unauthorized bonuses from Tyco and almost $430 million for tainted expense reports paid again by, yes you are right – Tyco. In 2005, Kozlowski was found guilty and sentenced to serve between eight and 25 years in jail. However, in 2014 after serving eight years and four months, Dennis Kozlowski was released from prison. Apart from serving his time in jail, in addition he was ordered to pay $70 million to the US government as well as $134 million to Tyco. Doubtlessly, these heavily impacted on Dennis Kozlowski’s net worth.
When it comes to his personal life, Dennis Kozlowski was married twice. From his first marriage with Angeles Suarez(1971-2000), he has two children. Between 2000 and 2006, Kozlowski was married to waitress Karen Lee Mayo, who obviously had the most expensive 40th birthday party ever, and receive a significant divorce settlement..
- Net Worth: $600 Million
- Date Of Birth: November 16, 1946
- Place Of Birth: Newark, New Jersey, United States
- Profession: Film Producer
- Education: Seton Hall University
- Nationality: American
- Spouse: Angeles Suarez (m. 1971–2000)
- Children: Cheryl Kozlowski
- Parents: Agnes Kozlowski, Leo Kelly Kozlowski