LeaderPortfolio
Siegel
David Siegel
Rank #448
UNITED STATESFinance & InvestmentsWestgate Resorts

David Siegel

Net Worth
$7.98B
0% (24h)
David Siegel (1935-2025) was a prominent American entrepreneur, best known as the founder of Westgate Resorts, a leading timeshare company. His source of wealth stemmed from his ventures in the hospitality industry, particularly through Westgate Resorts. His career was marked by significant achievements in real estate and timeshare development, building a vast empire of resorts. Siegel's story is a testament to his entrepreneurial spirit and his ability to build a substantial fortune. He was married to Jacqueline Siegel.

The Full Dossier

Early Life

David Alan Siegel was born in Chicago, Illinois, on May 3, 1935. He grew up in Florida. He graduated from Miami Senior High School in 1953. He studied marketing and management at the University of Miami but dropped out. His parents were Sid and Sadelle Siegel.

Rise to Success

Siegel's career began in real estate, and he later entered the timeshare industry, founding Westgate Resorts in 1982. Under his leadership, Westgate grew into a major player in the timeshare market, with numerous resorts across the United States. He founded Westgate Resorts in 1982 with a single property, and it grew into a large empire.

Key Business Strategies

Siegel's success was built on strategic acquisitions and aggressive marketing, making Westgate Resorts the largest privately-held timeshare company in the world. The company owns and operates numerous resorts in prime vacation destinations across the United States. His business also included real estate, construction, hotel and apartment management, travel services, insurance, transportation, and retail.

Philanthropy

Following the death of his daughter Victoria from an accidental drug overdose in 2015, Siegel and his wife, Jackie, established the Victoria's Voice Foundation. The foundation focuses on raising awareness about opioid abuse and supporting prevention efforts.

Career Timeline

2025

ARDA Lifetime Achievement Award

Received the ARDA Lifetime Achievement Award from the American Resort Development Association.

2011

Founded the Siegel Family Endowment

Founded the Siegel Family Endowment to support organizations that prepare society for the impact of technology.

1982

Founded Westgate Resorts

Established Westgate Resorts, a timeshare company that became a major player in the industry.

Philanthropic Impact

Drug Awareness and PreventionUndisclosed

Victoria's Voice Foundation

Foundation established after the death of his daughter Victoria to raise awareness of opioid abuse and support prevention efforts.

Wealth Trajectory