Net Worth Ranker
What Is David Beador’s Net Worth?
David Beador, an American entrepreneur and business owner based in Newport Beach, California, has accumulated a net worth of $20 million. This figure is largely attributed to his successful construction business, Beador Construction Inc., which he founded with his father in 1996. Beador’s financial standing also includes assets acquired during his marriage to Shannon Beador, a former star of “The Real Housewives of Orange County,” and subsequent divorce settlement.
Beador Construction Inc. and Business Ventures
Beador Construction Inc., located in Corona, California, is a significant contributor to David Beador’s net worth. The company specializes primarily in highway, street, and bridge construction, but also engages in non-residential and single-family home construction projects. As CEO, David Beador oversees the operations of the company, which employs approximately 80 people. While specific details of the company’s profit margins are not publicly available, it’s reported that the company generates around $13 million in annual revenue.
The company’s focus on infrastructure projects, such as highway and bridge construction, suggests that Beador Construction Inc. likely holds significant contracts with governmental or municipal entities. These types of contracts often involve long-term projects with substantial financial investment, contributing significantly to the company’s overall revenue and profitability. Further details regarding the company’s specific projects and financial performance are not publicly disclosed.
“Real Housewives” Appearances and Media Presence
David Beador’s appearances on “The Real Housewives of Orange County” from 2014 to 2017 across 60 episodes, while not directly contributing to his business revenue, likely increased his public profile and, indirectly, his business opportunities. His involvement in the reality television series provided exposure to a wider audience, which may have translated into increased brand recognition for Beador Construction Inc. and enhanced networking possibilities.
In addition to “Real Housewives,” David Beador has made appearances on other television programs, including “Home & Family,” “Watch What Happens: Live,” and “Steve Harvey.” These appearances, although brief, further contributed to his public visibility and name recognition. It’s worth noting that such media exposure can often lead to opportunities for endorsements, speaking engagements, and other revenue-generating activities.
Divorce Settlement with Shannon Beador
The divorce settlement between David Beador and Shannon Beador in April 2019 involved a significant transfer of assets. According to reports, David paid Shannon $1.4 million as part of the settlement. In addition to this lump-sum payment, he was also ordered to pay $2,935 in monthly child support and $7,065 in monthly spousal support.
The $1.4 million payment to Shannon Beador represents a considerable reduction in David Beador’s net worth at the time of the divorce. The ongoing monthly payments for child and spousal support further impact his financial obligations. These payments, while variable depending on changes in income or circumstances, represent a recurring expense that must be factored into his overall financial planning.
The original spousal support agreement was modified, and in late 2022, Shannon revealed that David had been attempting to reduce the amount of child support. These types of legal battles can incur significant legal fees, further impacting net worth.
Real Estate Holdings: Former Eco-Friendly Mansion
In 2012, David Beador and Shannon Beador moved into a 13,306 square foot mansion built with non-toxic materials. The eco-friendly home, featuring seven bedrooms and 10.5 bathrooms, was initially listed for nearly $16 million in 2013. It was later relisted for $10.898 million in February 2016. The property ultimately sold for $9.05 million two months later.
The sale of the mansion represents a significant real estate transaction. While the initial listing price was substantially higher, the final sale price of $9.05 million still indicates a valuable asset. The property included an indoor basketball court, elevator, children’s tea room, and piano room. The estate also featured a guest house, putting green, and swimming pool. The sale of the property would have contributed significantly to David’s assets at the time, though it is unclear how the proceeds were divided in the divorce.
Subsequent Marriage and Family Matters
David Beador began a relationship with Lesley Cook in January 2018 and married her in October 2020. They welcomed a daughter, Anna, in early 2021. His subsequent marriage and family additions have not been disclosed in detail in terms of impacting net worth. Financial arrangements regarding Lesley and their daughter Anna are not publicly available.
In the context of David’s net worth, subsequent family matters may involve expenses related to childcare, education, and general family living. However, without specific information about these expenses, it is difficult to determine their overall impact on his financial situation. Changes to his estate planning and potential future inheritance allocations would also have an effect, but the precise details are not known.
Legal Disputes and Court Orders
Following his remarriage, David Beador faced legal disputes with Shannon Beador regarding their daughters’ appearances on “Real Housewives.” David’s refusal to allow his daughters to appear on the show, fearing Lesley’s mention, led to Shannon filing an emergency court order. The court document revealed that David was placing “ridiculous and unattainable demands” on the production company, network, and parent company, often seeking compensation and threatening litigation.
Ultimately, a judge ruled in Shannon’s favor, and she agreed to pay David’s legal fees of $6,938. These legal battles can incur substantial expenses and divert resources from other business or investment opportunities. While the specific impact of this legal dispute on David Beador’s net worth may be limited, it highlights the potential for legal matters to affect one’s financial standing.
Furthermore, the emergency court order filed by Shannon Beador revealed details about David’s communication style and co-parenting approach. These details, while not directly related to his net worth, shed light on his personal and professional relationships. The court document stated that David “is not interested in communicating with me about anything, including resolving this matter…I reach out to discuss various issues about co-parenting, safety and rule enforcing. He never responds.” This type of behavior can potentially impact his reputation and relationships, which may have indirect financial consequences.
Summary of David Beador’s Financial Overview
David Beador’s $20 million net worth is primarily derived from his ownership and management of Beador Construction Inc., a successful construction company in Corona, California. While his appearances on “The Real Housewives of Orange County” may have contributed to his public profile, the bulk of his wealth stems from his business operations. The divorce settlement with Shannon Beador involved a substantial payment and ongoing support obligations, impacting his net worth. His real estate transactions, particularly the sale of the eco-friendly mansion, also factored into his financial standing.
While specific details regarding his investment portfolio, additional assets, and ongoing financial obligations are not publicly available, it’s reasonable to assume that David Beador manages his wealth through a combination of business reinvestment, real estate holdings, and potential investments in stocks, bonds, or other financial instruments. Further information about his specific investment strategies and asset allocation would provide a more comprehensive understanding of his overall financial situation.
David Beador’s Net Worth: A Dynamic Perspective
David Beador’s net worth is not a static figure but rather a dynamic reflection of his business performance, investment decisions, and personal circumstances. The value of Beador Construction Inc. is subject to fluctuations based on the overall economic climate, industry trends, and the company’s ability to secure and execute profitable projects. Changes in real estate values, investment returns, and unforeseen expenses can also impact his financial standing. Further research into his business operations, investment holdings, and personal expenses would be necessary to provide a more accurate and up-to-date assessment of his net worth. The $20 million net worth is an estimation, that could be affected by fluctuations in Beador Construction Inc value, changes to support arrangements, and the real estate market.
