Bernie Moreno Net Worth: Bernie Moreno is a well-known car dealer, tech businessman who is running for the U.S. Senate in Ohio. Bernie has increased his wealth with his businesses, especially in auto sales. Bernie Moreno has a net worth of over $10 Million.
Early Life of Bernie Moreno
Bernie Moreno was born in Colombia and raised in Fort Lauderdale, Fla. He attended Pine Crest High School from 1979 – 1985 where he was involved in the swimming and tennis team.
He graduated and attended University of Michigan from 1985 and graduating in 1989. He was involved in founding the Automotive Industry Club.
Bernie Moreno showed great interest in cars as he also interned at the Automobile magazine in University of Michigan.
Moreno also worked at General Motors’ Saturn division during college and ultimately took a full-time job there upon graduation.
Further, while working as a field consultant for Saturn in 1992, he was offered a job by Boston megadealer Herb Chambers. He worked there for 12 years before launching his own group.
Bernie Moreno’s Career & Net Worth
Bernie Moreno’s career as a car dealership owner in Cleveland began in 2005 when he purchased a small dearship. Over the course of his career, he continued to amass dealerships contributing to his overall net worth.
Bernie operates over seven luxury auto dealerships in Northeast Ohio. He is famous for pushing Ohio, Cleveland to be the emerging blockchain capital of the world. He has a passion for emerging technologies like cryptography and bitcoin.
Bernie Moreno has elevated from simply a auto dealership owner to a tech leader in the community of Ohio. Bernie was voted as the most powerful person in Cleveland, Ohio in 2019.
Bernie Moreno used to operate over 15 car dealerships in Ohio but sold off to slim down to 7 luxury dealership. It appears his focus is to enter politics and emerging technologies.
According to his LinkedIn profile, he is the Chairman of Ownum, which is a tech software incubator focusing on emerging blockchain businesses. Further, he has been President of Bernie Moreno companies for over 10 years.
Bernie Moreno & Political Campaign A U.S. Senator
On April 2021, Bernie Moreno announced that he will be running for the U.S. Senate in Ohio.
Moreno believes that “radical ideology” akin to socialism is increasing. He has stated that he is running for Senate to “stop the socialist agenda.” This opportunity came when Ohio Senate Rob Portman announced he will not seek re-election in 2022.
Bernie Moreno is seeking the Ohio Republic Senate primary – his pitch is that he is a businessman with Republican values.
I’m running for the U.S. Senate. Here’s why this fight is personal to me: pic.twitter.com/C7BFOk0r8t
— Bernie Moreno (@berniemoreno) April 6, 2021
Bernie Moreno Net Worth: $10 Million+
Bernie Moreno’s net worth is extremely high, well into the millions. The precise number is hard to calculate as he has held numerous high title positions as well as ownership of many dealerships. Further, he has strong interest in blockchain and there is speculation that he invested in cryptocurrency. This could’ve extremely increased his net worth.
Here are the contributing facts on Bernie Moreno’s Net Worth:
- Bernie Moreno served as President in numerous car dealership companies in Ohio for decades.
- In 2018, Bernie Moreno invested in Cleveland State University. This Grant for Cleveland State University was valued at $1M.
- In 2016, Moreno’s group had 15 stores representing 30 brands in four states with $1 billion in sales.
- In 2021, he has about 7 luxury dealerships now. The numbers have slimed down as he sold many of his dealerships in 2016.
- Car Dealership Owners in the US range from $18,902 to $495,413 – Bernie Moreno once owned 15 dealerships but now owns over 7 luxury car dealership. He has been doing this for over 10 years.
Based on the facts above, we can estimate his net worth to be well over $10 Million.