When discussing the world of collectibles, Ken Goldin’s name is frequently mentioned with great reverence. The businessman has developed close relationships with some of the most well-known individuals in the world due to his keen eye for valuables and his determination to be the one to make them available to interested parties. The reality program ‘King of Collectibles: The Goldin Touch’ on Netflix provides a detailed account of his method of operation. This has also caused people to be inquisitive about the entrepreneur’s wealth, and we are here to discuss it!
How Did Ken Goldin Earn His Money?
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Ken’s fascination with business and everything related to it began at a very young age. In 1983, he enrolled at the George Washington University School of Business as a result. He graduated from the institute in 1985 and enrolled at Drexel University that same year. He began pursuing Business Administration and Management later on. In 1986, while he was still a student, he helped found The Score Board Inc, a company specializing in trading cards, and became its CEO.
Ken graduated from Drexel University in 1987 and worked for The Score Board, Inc. until 1997. After departing said company, he founded Goldin Sports Inc in Florida in January 1998 and became its CEO. As of this writing, he remains a member of the organization. Ken did not establish Goldin Auctions until January 2012 in order to fully utilize his knowledge of collectibles and business.
As of the date of this writing, Goldin Auctions continues to flourish under the direction of its Founder. Apparently, its annual revenue exceeds $300 million, and its primary focus is on sports and entertainment collectibles. The company is the official auctioneer for organizations such as the Naismith Basketball Hall of Fame, the Major League Baseball Players Alumni Association, the Jackie Robinson Foundation, and the Babe Ruth Museum due to the quality of their work. In addition, Ken serves on the Board of the Philadelphia Museum of Sports and as Chairman of the Camcare Charitable Foundation.
What Is Ken Goldin’s Net Worth?
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To determine Ken Goldin’s net worth, one must examine the business model and earnings of his company. According to the organization, annual sales are approximately $300 million. The company’s website indicates that they take an average commission on items valued between $10,000 and $249,999; however, for collectibles worth more than this amount, the commission is negotiated with the client.
This indicates that Goldin Auctions generates $30 million in annual revenue. In addition, Ken owns not one but two businesses, with the average business proprietor earning approximately $100,000 per year. However, given the success of the industrialist, we are inclined to believe that his earnings are significantly higher. Considering these variables, we estimate Ken Goldin’s net worth to be approximately $50 million.