In the realm of business and fortune, the name Robert Miller comes with significant recognition. As of 2023, Robert Miller net worth and salary are subjects of great interest.
But what makes Miller stand out from the crowd? And exactly how rich is he? Let’s delve into the financial saga of this business magnate.
- 1 What is Robert Miller Net Worth and Salary in 2023?
- 2 Why is Robert Miller Famous?
- 3 Robert Miller’s Overview
- 4 FAQs about Robert Miller
- 5 Conclusion
What is Robert Miller Net Worth and Salary in 2023?
|Birth Date||May 23, 1933|
|Age||90 years old|
|Birth Place||United Kingdom|
|Net Worth||$1.9 Billion|
|Source of Wealth||Retail, Self Made|
According to Forbes, Robert Miller’s net worth is around US$1.9 billion, a decrease from nearly US$2.5 billion in 2011.
He amassed this wealth through the success of his electronics company, which operates in 42 countries, and his investments in real estate and other ventures.
His average salary stands at $152,013 as of 2023. However, it’s important to note that this figure can vary significantly depending on the job, department, location, and individual skills and education.
Why is Robert Miller Famous?
Robert Miller isn’t only recognized for his vast wealth. He earned his fame through smart business moves, most notably co-founding DFS, the world’s leading luxury retailer for travelers.
His vision and perseverance have transformed the retail landscape, making DFS a staple in airports worldwide. In addition, Miller’s high-profile family adds to his recognition and reputation.
His daughters, Alexandra, Pia, and Marie-Chantal, have all made their mark in their respective fields, further enhancing the family’s notoriety.
Robert Miller’s Overview
Miller was born in Quincy, Massachusetts, on May 23, 1933. His dad, Ellis Miller, worked in sales and bookkeeping, and his mom, Sophia Sophie Squarebriggs, used to be a nanny and was born in Canada.
Miller went to Cornell University’s Hotel Administration school. He graduated in 1955 with a Bachelor’s degree in Hotel Administration. He was part of the Phi Kappa Psi Fraternity and the Irving Literary Society.
His journey to success began in 1960 when he co-founded DFS (Duty Free Shops) with Chuck Feeney.
The concept of duty-free shopping was still in its infancy at this time, but the duo saw an opportunity and seized it. They started operations in Hong Kong, which remains the corporate headquarters of DFS to date.
Their first breakthrough came in the early 1960s when they secured the exclusive concession for duty-free sales in Hawaii and Hong Kong, allowing them to market their products to Japanese travelers.
In the early 1970s, Miller founded Squadron Capital, a private investment firm. By 1973, he had also established Search Investment Group Ltd, an international investment company where he served as CEO and chairperson.
This company later became a large shareholder in Ortelius Capital Partners, an investment firm founded by Miller’s son-in-law HRH Prince Pavlos of Greece, and Mr. Peter DeSorcy.
Miller’s entrepreneurial spirit continued to shine in the following decades. In 1996, Louis Vuitton Moët Hennessy (LVMH), the French luxury goods group, acquired Feeney’s interests in DFS for $1.63 billion.
Despite this, Miller retained his shares and remains a significant minority shareholder (38%) in DFS alongside LVMH.
He then targeted the emergence of mainland China’s economic elite, moving DFS beyond the airport liquor-store venue and into store environments to market a broad portfolio of brand names in the traveling marketplace.
In 2003, Miller held the 22nd position among the wealthiest individuals in the UK, but by 2016, his ranking had dropped to 68th.
That same year, he set a new world record with his monohull yacht, the Mari-Cha IV, becoming the first to cross the Atlantic Ocean in under seven days. He and his son-in-law Pavlos, Crown Prince of Greece, were crew members during this record-breaking crossing.
By 2010, DFS had become the world’s largest travel retailer, boasting estimated sales of about €2.2 billion. It had 150 stores in fifteen Pacific countries and operated its downtown activities under the Galleria brand.
In the same year, The Moodie Report recognized Miller as the November 2010 Personality of the Month for his significant contributions to advancing the cause of the luxury goods industry.
His first marriage was to Maria Clara Pesantes Becerra, with whom he had three daughters: Pia, Marie-Chantal, and Alexandra. The family spent their formative years in various locations, including Hong Kong, Switzerland, and the United States.
However, this marriage ended in divorce. Later, Robert Miller remarried Alycia, a registered nurse. He currently resides in Montreal, Canada.
FAQs about Robert Miller
How old is Robert Miller?
Robert Miller age is 90 years old.
How tall is Robert Miller?
Robert Miller height is unknown.
How many stores does DFS have?
DFS is a top furniture seller in the UK. They also have stores in Ireland, the Netherlands, and Spain. By the end of 2021, DFS had 128 stores in total.
Who owns Gunnerside Estate?
Robert Miller, who became rich from the Duty Free Shopper stores he helped start in Hong Kong in 1960, owns the Gunnerside estate in Swaledale, North Yorkshire.
The story of Robert Miller’s wealth offers a captivating glimpse into a world where business savvy meets immense fortune. Yet, the story continues. Countless other intriguing individuals are shaping the financial landscape, each with their unique narrative.
Why not explore more of these fascinating stories on Hereofamily? Dive into articles about other business moguls, startup stories, and cutting-edge industry trends.