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Darwin Deason Net Worth

Below is a table providing key information about Darwin Deason:

Highlights

Darwin Deason is an American businessman with a net worth of $1.1 billion. He is best known as the founder of Affiliated Computer Services (ACS). Deason achieved success through his own hard work and determination, rising from humble beginnings to become a highly successful entrepreneur.

Early Life

Darwin Deason was born into a poor family and grew up as a farm boy with limited financial resources. His parents were unable to afford luxuries such as movie tickets. Despite facing financial hardships, Deason’s father managed to give him a modest gift of $50 and a 1949 Pontiac upon his high school graduation.

With his meager savings, Deason set out for the city of Tulsa, Oklahoma, where he secured a job at Gulf Oil. This marked the beginning of his journey towards financial success and prosperity.

Career

After his initial job at Gulf Oil, Darwin Deason joined the Dallas data-processing firm MTech. Despite the company facing setbacks, Deason managed to take it over, becoming its CEO at an impressively young age of 29.

In 1988, Deason sold MTech and promptly established Affiliated Computer Services (ACS). The company began by offering computer and business process services to clients, including notable names like E-ZPass. Under Deason’s leadership, ACS expanded beyond the finance industry to service various sectors such as education, government, healthcare, retail, and manufacturing.

Deason successfully took ACS public and eventually sold it to Xerox for a staggering $6.4 billion in 2010. This major business deal significantly contributed to his substantial net worth.

Personal Life

Darwin Deason is currently married to his fifth wife, Katerina, who is 27 years younger than him. They divide their time between Dallas, San Diego, and their impressive 205-foot yacht named “Apogee.”

Net Worth Over Time

Darwin Deason’s net worth has grown significantly over the years, reaching an impressive $1.1 billion. He initially earned his wealth through the success of Affiliated Computer Services. The sale of ACS to Xerox for $6.4 billion in 2010 served as a major boost to his net worth.

Components of Net Worth

The major component of Darwin Deason’s net worth is his ownership stakes and stock options in Affiliated Computer Services. With the sale of ACS to Xerox, he earned a substantial amount of money. Additionally, Deason’s investments in various assets, including luxury properties and his extravagant yacht, contribute to his overall net worth.

In conclusion, Darwin Deason is an American businessman with a remarkable net worth of $1.1 billion. His journey from a modest background to founding and successfully selling Affiliated Computer Services exemplifies the classic rags-to-riches story. Deason’s entrepreneurial spirit and determination have played key roles in his financial success.