John Rumpel Net Worth 2024 – Net Worth And Income Sources

John Rumpel is a very successful American businessman. He was born on Aug 13, 1947, in Florida, California. His main source of income is his business in his company Encore Motors and Victoria Landing, but he is also an investor in real estate, etc. This is the reason why his net worth is so high. John Rumpel net worth is $100 million. Today we will provide all the details of John Rumpel net worth. Below are all the details.

Who is John Rumpel?

John Rumpel was born on August 13, 1847 in Florida, California. He is American millionaire and have several companies, including a luxury car dealership, an assisted living facility, and an assisted living facility, with a net worth of $100 million that he is growing through his businesses. Here is the full profile summary of John Rumpel.

Profile Summary

John Rumpel Net Worth

John Rumpel Net Worth History

John Rumpel Income, Salary, and Earnings

Source Of Income

Encore Motors Of Melbourne

Tragically, a plane of Encore Motors of Melbourne crashed in Virginia on June 4, 2023. In this accident, John’s daughter, granddaughter, nanny, and pilot did not survive and died. John and his wife, Barbara, who runs the company, were not on board, but it was still a heartbreaking event for their family.

Victoria Landing

Victoria Landing, in Melbourne, Florida, is an assisted living home for John Rumpel. He named the house Victoria. It provides a range of services for seniors, including independent and assisted living, with memory care.

John Rumpel visited Victoria Landing with his daughter Adina Azarian, who oversees operations as executive director. Adina also manages her own real estate business, Adina Equities, in New York City. Both were managing their business together and were living very happily. But then one day his daughter died in a plane crash.

Stock Market Portfolio

He makes a lot of money from reliable stocks, rising market stocks, and stocks that pay regular dividends. He is smart with his money increasing his wealth in many ways.

Technology Startups

Rumpel takes risks by investing in startups in the tech industry, where there is an opportunity for big returns. He thinks there are many opportunities in the digital economy, so he invests in new and innovative companies that work on software, eco-friendly technology, and finance technology.

Real Estate

John Rumpel has many properties in Florida, North Carolina and Long Island. Its real estate portfolio includes houses, offices and factories. To preserve his wealth and minimize taxes, he set up a trust to manage his real estate assets. Some of his properties are:

• In 2005, he bought a 6,000-square-foot waterfront mansion in Melbourne, Florida for $2.4 million.
• In 2014, he bought a 4,000-square-foot penthouse in East Hampton, Long Island, for $3.2 million.
• In 2016, he invested in a 3,000-square-foot lakefront cabin in Cashiers, North Carolina, for $1.5 million.
• In 2017, he bought an industrial warehouse which is 10,000 square feet in Melbourne, Florida for $1.2 million.
• And in last, in 2018, he purchased a 5,000 square foot office building in Melbourne, Florida, for $800,000.

Early Life And Education

John did very well in school in New York. Not only in your classes but also in sports like football and baseball. He was very interested in mathematics and physics. When he finished high school, he received honors and a scholarship to New York University, where he studied engineering and business and also did the ROTC program.

Then in 1969, he graduated from NYU and became a second lieutenant in the US Air Force. He served for four years and was sent to various places such as Vietnam, Germany and Florida.

John Rumpel Family

Parents

There is no information about his father but his mother’s name was Joya Patterson. She died of cancer in 2011 at the age of 84.

Wife

John’s wife is Barbara Rumple who is also the CEO of Encore Motors in Melbourne. She also serves as a leader in the NRA and is a strong supporter of gun rights. Both Barbara and John lost their families in plane crashes.

Daughter

Jon Rumple’s daughter was named Adena Azrin who was adopted. He and his daughter manage Victoria Landings, an important part of their family’s life. But she also died in the plane crash.

John Rumpel Plane Crash

June 4, 2023, when John’s Cessna Passenger aircraft was flying from North Carolina, where Rumples is home, to Long Island. He told The Washington Post that his entire family was on the plane, including his daughter, his grandmother and his two-year-old grandson. The plane then crashed in a mountainous area of ​​Virginia near the George Washington State Forest and his whole family died. It was a really sad accident.

John Rumpel Donation

John is a very kind man. In 2020, he and his wife donated $250,000 to Donald Trump’s Victory PAC. Then, when the plane crashed in 2023, he donated heavily to the injured passengers.

FAQ

Conclusion

John Rumpel is a very successful American businessman and investor. His main source of income is his companies Encore Motors and Victoria Landing. This is the reason why he had a huge wealth. As of 2024, John Rumpel net worth is $100 million. His career shows that how anybody can became a very successful businessman by hard workig.