In the ever-evolving realm of business tycoons, David Siegel stands out as a prominent figure, renowned for his contributions to various industries. In this comprehensive analysis, Zatrun.com delves deep into the life and career of David Siegel, an American businessman who has left an indelible mark on the business world.

Early Life and Entrepreneurial Spirit: A Glimpse into David Siegel’s Origins

David Siegel, born on May 3, 1935, has a storied past that has significantly shaped his journey. He embarked on a path that led him to found Westgate Resorts Ltd, a Florida-based timeshare resort firm where he currently holds the positions of president and chief executive officer.

With ten biological children and two adopted children, Siegel’s life is as diverse as his business ventures. His portfolio extends beyond timeshare resorts, including real estate, construction, hotel and apartment management, travel services, insurance, transportation, and retail.

The Versailles Saga: A Captivating Chapter in David Siegel’s Life

One aspect that catapulted David Siegel into the spotlight was his ambitious residential construction project known as the Versailles house. This extravagant 85,000-square-foot endeavor located in Florida captured the attention of the public and media alike. In fact, it became the subject of the 2012 documentary film “The Queen of Versailles.”

Siegel’s business empire extends far beyond the world of resorts. He has made significant forays into multiple industries, including real estate, construction, and even sports ownership. At one point, he owned the Orlando Predators, an arena football team, and acquired the Cocoa Beach Pier and the Las Vegas Hotel.

David Siegel was born into a wealthy Jewish family in Chicago to Sadelle and Sid Siegel. He later moved to Miami with his family, where his father operated a grocery business. Growing up in Florida, Siegel graduated from Miami Senior High School in 1953. His academic journey led him to the University of Miami, where he studied marketing and management before deciding to pursue a different path by dropping out.

Siegel’s personal life is as intricate as his professional endeavors. He’s been married multiple times, with each union leaving its unique imprint on his life. His current wife, Jackie Siegel, came into his life in 1998. Their union, sealed in a Jewish ceremony, has resulted in eight children. This vibrant family dynamic is a testament to Siegel’s multifaceted life.

Challenges and Triumphs: The Financial Crisis and Its Impact on David Siegel

The 2008 financial crisis had far-reaching consequences on David Siegel’s businesses, personal life, and family. The documentary “The Queen of Versailles” offered an intimate look into the challenges he faced during this tumultuous period.

In 2015, the Siegel family faced an unimaginable tragedy when their 18-year-old daughter, Victoria Siegel, was found unresponsive and later pronounced dead due to a drug overdose. This heartbreaking event became a driving force for David Siegel’s advocacy against drug abuse.

Siegel’s influence extends beyond the business world and into the realm of politics. He actively campaigned for George W. Bush in the 2000 presidential election, demonstrating his passion for political engagement.

In the 2012 United States elections, Siegel stirred controversy by sending a mass email to his employees, urging them to vote for Republican Party candidate Mitt Romney. His bold political stance drew considerable attention and debate.

Legal Battles and Controversies: A Glimpse into Siegel’s Legal History

David Siegel has not been immune to legal battles and controversies throughout his career. Notably, he was found liable in a sexual-harassment lawsuit filed by former Westgate employee Dawn Myers. While the jury initially awarded $5.4 million, the final judgment reduced the amount to $610,000.

“The Queen of Versailles”: A Cinematic Exploration of David Siegel’s Journey

“The Queen of Versailles,” a 2012 documentary film by Lauren Greenfield, offers a captivating perspective on the life of Jackie Siegel and David Siegel as they attempt to build the Versailles house. The film also sheds light on their struggles amid the decline of the U.S. economy.

Mystery Fun House: An Entrepreneurial Venture

Before making a name for himself in the resort industry, Siegel was among the founders of Mystery Fun House, an attraction in Orlando, Florida. This innovative venture featured a range of entertainment options, from a fun house and laser-tag facility to an arcade and mini golf course.

David Siegel’s life and career are a tapestry of ambition, triumphs, and challenges. His influence in business, politics, and even cinema has solidified his status as a multifaceted and enigmatic figure in the business world. Through the highs and lows, Siegel’s journey continues to captivate and inspire.