What Was Billy Mays’ Net Worth?
At the time of his death on June 28, 2009, Billy Mays’ net worth was estimated to be $2 million. This figure reflects his earnings as a successful television direct-response advertisement salesperson, his ownership in Mays Promotions, Inc., and real estate holdings, most notably his Tampa townhome. Mays amassed this net worth through his ability to generate billions in sales via infomercials.
Early Life and Career Beginnings
Born on July 20, 1958, in McKees Rocks, Pennsylvania, Billy Mays’ career began in 1983 on the Atlantic City Boardwalk. Mays spent his early career selling the Washmatic portable washing device, working alongside veteran pitchman Arnold Morris. This period was fundamental in honing his sales skills and stage presence. While the exact sales figures from his boardwalk days aren’t publicly documented, his time selling the Washmatic provided the groundwork for his future successes.
Rise to Infomercial Fame and Sales Figures
Mays’ rise to infomercial fame began in the early 1990s when he partnered with Orange Glo International. His breakthrough product was Orange Glo Wood Cleaner & Polish, which paved the way for his signature product, OxiClean. By 2009, sales of OxiClean alone had grown from $4 million in 1999 to $200 million. These figures illustrate the significant impact Mays had on direct marketing, transforming OxiClean into a household name. His success further propelled him to create Mays Promotions, Inc., which focused on selecting and endorsing products. The specific revenue generated by Mays Promotions, Inc., remains private; however, it contributed to his overall net worth through commissions and endorsement fees.
His high-energy demonstrations and memorable catchphrases helped generate billions in sales. Mays’ unique ability to connect with viewers made products seem essential. This personal connection drove sales increases exponentially, contributing significantly to his financial success. He carefully selected the products he endorsed, ensuring they aligned with his personal brand of authenticity and effectiveness.
“Pitchmen” and Final Years
In 2009, Mays partnered with the Discovery Channel for the reality show “Pitchmen.” This show provided a behind-the-scenes look at the infomercial industry, showcasing Mays’ selling ability and passion for helping inventors. While Mays’ salary from “Pitchmen” was not publicly disclosed, it added to his income stream during his final year. His authentic enthusiasm for the products he sold earned him respect from both consumers and industry professionals.
Real Estate Holdings
In 2007, Billy Mays purchased a townhome in Tampa for $981,000. This property became his primary residence until his death in 2009. The townhome was located in Tampa, Florida. His heirs sold the townhome in January 2023 for $825,000, reflecting a loss in value over the years since its original purchase. This real estate transaction offers insight into the value of one of his tangible assets.