How Much is the Australian Entrepreneur John McGrath Net Worth after a $16.2 million debt to bookmaker at William Hill? Find out more about John McGrath wiki, bio, life partner, and family.
The Australian Entrepreneur John McGrath is known for his real estate business in Australia, where he started from a lounge-room to make McGrath Estate Agents a multi-million dollar industries. John McGrath age was only 24 years when he started his company.
Passion and process… both are critical. #kickstart17 #mcgrathestateagents #realestate pic.twitter.com/xZCy1QRLII
— John McGrath (@johnmcgrath100) February 6, 2017
However, there has been financial ups and downs in the company. In 2016, McGrath left the company as the CEO and revised the board member. The company took a grand hit financially when the shares fell down by more than 50%. Since then, McGrath Estate Agents has not seen the profit as it had before.
In 2018, McGrath suffered a net loss of $63 million. Combined with John McGrath debt of $16.2 million, we can say McGrath Estate Agents have not been doing well.
So how much is John McGrath net worth after suffering such a loss and a debt? Scroll down to find out more about John McGrath age, bio and wiki facts. Also, we will discuss John McGrath family and his roles in the reality TV series Shark Tank.
Who is John McGrath Married To?
While John McGrath is a very media savvy person, he still has kept some secrets from the media. John McGrath has kept his personal life away from media’s reach. So people still have several questions like ‘Who is John McGrath married to?’ ‘Who is John McGrath wife?’ ‘How was John McGrath family and childhood?’ However, the real estate mogul has kept his personal details under wraps.
Nor has John McGrath been seen with anyone being intimate in public. So we can either assume, John McGrath is married and has kept a low profile about his wife and family. Or John McGrath is not married and hasn’t taken a wife to start a family.
John McGrath Net Worth In 2018
The Australian Entrepreneur John McGrath started McGrath Estate Agents when he was only 24 years of age. Since then John McGrath has transformed it into a multi-million dollar industry. So we can say that a huge chunk of John McGrath net worth culminates from his agency McGrath Estate Agents. John McGrath also has written a few books which contribute to John McGrath net worth.
John McGrath net worth is also culminated by the reality TV series Shark Tank. John McGrath was one of the five ‘Sharks’ of the series Shark Tank, in the first season. The First Season of Shark Tank ran for 15 episodes with John McGrath investing a total of $655,000 on 7 projects. However, when the second season aired of the series Shark Tank, John McGrath had discontinued as a ‘Shark’ and was replaced by Glen Richards.
However, the Australian Entrepreneur John McGrath has been surrounded by controversies regarding his net worth. John McGrath is rumored to have gambling debts to bookmaker at William Hill. John McGrath is known to place bets on the horse race. With the debt amount $16.2 million, we are left to speculate, has John McGrath cash reserve emptied such that he carries such a massive debt?
However, no sources can cite exactly if he is bankrupt nor can determine his net worth. As of 2018, John McGrath net worth is under review and will be updated soon.
John McGrath Wiki-Bio
John McGrath age is 54 years. He was born in 1964. John McGrath nationality is Australian. John McGrath age was 24 years when he founded his company, McGrath Estate Agents in 1998. In October 2008, Real Estate Institute of NSW awarded him the Woodrow Weight OBE Award for his outstanding contribution to the real estate industry.
