Michael Wekerle is a Canadian merchant banker, businessman, and television personality. Michael Wekerle is popular as one of the investors of the Canadian reality show, Dragon’s Den. Michael Wekerle is also renowned as the CEO and co-founder of Difference Capital Inc.
Michael Wekerle’s net worth is recorded to be $100M. His sheer focus on trading and business has given him both name and fame. Michael has accumulated his net worth from the ventures of his business incubator in the Waterloo region, his banking firm, Difference Capital, and other business franchises.
Michael Wekerle born in Ontario, Canada on 17th December 1963. He studied for a year at the York University and could not complete his degree after taking the job. Michael was born to Anthony Wekerle and Hermine Wekerle. His father, Anthony was a chemist and import-export businessman.57 years old, Michael He regards his father as one of his inspirations. Furthermore, Michael Wekerle was raised with his three sisters, Carolyn, Christine, and Caron.
Michael’s business and career
After he dropped his study, Wekerle worked as a clerk in Toronto Stock Exchange.Michael became head trader soon after joining First Marathon. Furthermore, in 1994, Wekerle became one of the key figures of the Canadian communications and media company, Rogers Communication.
In 1995, he left First Marathon, and in the same year, he joined Griffiths McBurney and Partners (GMP). While serving as a Vice Chairman at GMP till 2011, he established himself as one of the leading investment advisors in Canada. Michael did some notable works like establishing the firm’s hedge fund and institutional trading desk. Furthermore, he aided in reputation for assisting clients in profiting from large-scale transactions. During this time, he was associated with the 1997 initial public offering of Research in Motion.
After leaving Griffiths McBurney and Partners, he founded a merchant banking firm, Difference Capital in 2012. It was the company launched to invest in technology startups. Unfolding more about his company, his investments range from data analysis firm, Appinions to film to television studio, Thunderbird Films, and medical technology firm, BrainScope to social media management service, ‘Hoot Suite’.
Michael’s did not stop there, he again started a new business incubator in the Waterloo region. In order to commence his business and offer venture capital to tech startups and individual entrepreneurs, he bought various buildings in Waterloo owned by Blackberry. He is also the owner and CEO of El Mocambo Entertainment. It is a live music and entertainment venue based in Toronto, Ontario, Canada.
Apart from his notable business and investments, Michael does some charitable works too. He donates to various charities CAMH, Bloorview Kids, Sick Kids Hospital, Mount Sinai Hospital, and Toronto General. Wekerle is the sponsor of “Wekfest” and “Wektoberfest”.
Michael Wekerle and Dragon’s Den
Michael Wekerle appeared on the ninth season of the Canadian reality show, Dragon’s Den. In the year 2014, he joined the show with the restaurateur, Vikram Viz. Wekerle did this show for three consecutive years. In this show, he invested in Covergalls. It is a new line of workwear specially designed for women in industrial jobs. After the 12th season, Wekerle left the show. Michael is one of the prominent investors of the show Dragon’s Den.
Michael Wekerle’s on-screen contributions
Michael has also worked in the few TV series too. He has played the role of himself in the TV series, Katie Chats in 2015. Likewise, he appeared in the Canadian reality show, Dragon’s Den. His most recent contribution is his voice over work in the TV series, Trailer Park Boys: The Animated Series in the episode, Scamazon.
Michael Wekerle’s Wife, relationship and Daughters
Michael Wekerle’s married life has been through rough patches. He married his high-school sweetheart, Patrica in 1989. The couple was blessed with a daughter. However, his relationship with Patrica did not sustain and after 11 years of marriage, their relationship ended up at divorce in 2008.
Michael exchanged vows with Lea-Anne the same year. Michael met Lea in 1997 and after a week of their meeting, they started dating each other. Anne worked as a head of sales at the rival firm, Thomson Kernaghan. Michael was in an extramarital affair with Lea before divorcing Patrica. Michael and Lea have four children together, two twin daughters and sons. However, Michael’s second marriage came to an end when Lea died of a heart attack in 2010. His daughters are Raquel Wekerly, Danielle Wekerly and Carlie Wekerly.
Wekerle’s behavior and situation worsen after the death of his wife. Michael was drunk at the charity fundraising roast, he interrupted host Rex Murphy. He was diagnosed with depression. Because of Michael’s absurd behavior in Little Rock, Arkansas, a hotel filed a lawsuit against Wekerle in 2013.
Michael Wekerele’s home
Celebrity Investor, Wekerle owned several real estates too. In his Caledon home, a high-shool teen of 18, Tyler Swartz was found lifeless. Tyler’s body was found by Ontario Provincial Police. Moreover, Michael stated that he was out of the country with his family prior to Christmas and have just returned. Wekerle’s nephew, Jonathan Weir was charged with murder as he was a friend of Tyler.
Manga Reva is the another property of Michael that is on the limelight. He bought the property worth $12.5M in 2014 as it was his wife, Lea fell in first sight for it. The home is 14000-square- foot Mediterranean-style home whose former owner was Adolphus Busch III. Since because of the pandemic travelling is quite tough so Michael has listed the property for $19.25M.
Michael Wekerle is residing in his Sensational Toronto home as of now.. His house is full of arts, guitars from rock ‘n’ roll icons and, an indoor pool. Michael never fails to wow others with his lavish lifestyle.
Michael Wekerle Net Worth
Michael Wekerle’s net worth is estimated to be $100M.Michael Wekerle owns several companies like El Mocambo Entertainment, Waterloo Innovation Network, and Difference Capital to name a few. He is also a prominent investor who has invested in real estate and Dragon’s den. No doubt Michael lives a extravagant lifestyle.