Ty Warner
Overview
- Source of Wealth
- Plush toys, real estate
- Industry
- Real Estate
- Residence
- Oak Brook, Illinois
- Education
- Kalamazoo College (Drop Out)
- Marital Status
- Single
Assets
- Apple21,195,132 shares @ --AAPL-US
Biography
Ty Warner is the creator of Beanie Babies, the plush toy fad of the 1990s.
Warner used the profits from selling Beanie Babies to assemble a high-end hotel portfolio, including the Four Seasons in New York.
Ty Inc. still sells Beanie Babies but has expanded its offerings to include toys like Beanie Boos and Beanie Bellies.
His Las Ventanas al Paraiso resort in Mexico rents its Ty Warner Mansion for $35,000 a night.
Warner has donated $100 million in cash and toys to the Children's Hunger Fund since 2005.
About
A onetime bellman, car valet and fruit market vendor, Warner found his calling as a salesman, peddling encyclopedias and later stuffed animals at toymaker Dakin.
Warner was convicted of tax evasion and paid a $53 million fine in 2013 for stashing money in a Swiss bank, but avoided jail time.
Zach Galifianakis played Warner in the 2023 fictionalized drama film "The Beanie Bubble."