Leandro Rizzuto was a famous American entrepreneur who had an approximated net worth of $3.5 billion before his death. He was famous for working as a co-founder of Conair Corporation. Rizzuto was also known as Lee.
There are many questions about Leandro Rizzuto. So, go through the article to know more about him. Explore how he led his life to become a successful person and a multi-billionaire.
Also, discover some fascinating facts, including his biography, education, early life, personal life, and many other things.
How much did Leandro Rizzuto make a year?
Leandro Rizzuto made around $100 million in a year on average as a businessman.
Leandro Rizzuto earned most of his money through his company, Conair Corporation. Besides, Conair has thousands of products. From here, he got more than 20 million dollars in a month at the time of his death.
According to Forbes, in 2013, the Rizzuto family owned 1.8 billion dollars from their family business.
What did Leandro Rizzuto do?
Leandro Rizzuto was a famous businessman. Besides, he started his family business by making a simple product, Roller. That was the starting business of Conair Corporation. All the possible sources of income have been given below to know better at a glance:
How much Leandro Rizzuto earn from business?
With only 100 dollars, the family started their business in their house’s basement. That was the beginning of Conair Corporation’s journey. In 1959, Rizzuto’s father made a hair roller. Then, he started a hair salon business. From here, the family earned around 20 thousand dollars.
After a while, Rizzuto dropped out of college to help their family business grow. In 1989, they made kitchen products. From here, they made not less than 50 thousand dollars.
According to Forbes, in 2017, Leandro Rizzuto owned 2 billion dollars with his family business. Moreover, Conair has an official website, www.conair.com. From here, the company makes more than $500 million on average.
What happened to Leandro Rizzuto?
According to the New York Times, in 2002, the founder of Conair Corporation named Leandro Rizzuto and executives were found guilty of tax evasion in the Federal Court of the US. Rizzuto was sentenced to prison for three years.
Conair Corporation paid about $3.6 million for the taxes to the I.R.S.
Biography of Leandro Rizzuto
|Full Name||Leandro P. Rizzuto|
|Professional Name||Leandro Rizzuto|
|Date of Birth||10 April 1938|
|Place of Birth||Brooklyn, New York, United States of America|
|Date of Death||3 December 2017|
|Height||6 feet 3 inch|
|Ex-Wife Name||Denise Rizzuto|
|Children Name||Leandro Jr, Suzie, Denis, and Babe Rizzuto|
|Net Worth||$3.5 billion|
The Early Life of Leandro Rizzuto
On 10 April 1938, Leandro Rizzuto was born in Brooklyn, New York, United States of America. Besides, he grew up in his hometown. Moreover, Rizzuto was of Italian descent.
Rizzuto’s father’s name was Julian Rizzuto, born in Italy with the name Nicola. But after coming to the US, he changed his name to Julian. And his mother’s name was Josephine Rizzuto.
Rizzuto completed his graduation at St. John’s University under the Department of Marketing. But he dropped out from there to help his family so that they could grow their business.
The personal Life of Leandro Rizzuto
Leandro Rizzuto married Denise Rizzuto. The couple had four children named Leandro Rizzuto Jr, Suzie, Denis, and Babe Rizzuto. The family lived in Sheridan, Wyoming, USA.
After a while, Leandro and Denise Rizzuto decided to separate. So, they got divorced.
How did Leandro Rizzuto die?
Leandro Rizzuto suffered from pancreatic cancer. At the age of 79, on 3 December 2017, Rizzuto died from the disease.
Conair Corporation owns many companies, including BaBylissPro, Scünci, Cuisinart, Waring, and Travelsmart. Conair LLC gets more vital day by day. Moreover, they have around 1000 patents worldwide.
Conair is manufactured in many countries, including the United States of America, China, and India. These countries have additional sales and distribution offices in Taiwan and Singapore. This company is currently trying offshore in other countries.
Leandro Rizzuto Jr is currently working as a Consulate General of the United States of America in Hamilton. However, on 5 January 2018, ex-president Donald Trump nominated him as a new US Ambassador to Barbados.