Entrepreneur. Daredevil. Businessman. Benefactor for the arts. Chapman Ducote is president and chief executive officer of Merchant Services LTD, a full-service, integrated credit and debit card processing company.
Continue Below For More Facts Including Net Worth, Salary & Income Info!
2. Income & Salary
Ducote, born March 17, 1976, in New Orleans, also can boast of a successful career as a sports-car driver. Since graduating from the University of Miami in 1996, Ducote, the third of three children, has zoomed the corporate ladder thanks to astute real estate dealings and a vision that led to the creation of Merchant Services, which he founded in 2005 and has more than 500 employees. An offshoot of Merchant Services, Ducote started Starboard Funding in 2010.
Being successful with his business ventures has allowed Ducote to pursue his other passions. And none stands out like his love for fast cars. Ducote is co-owner of Merchant Services Racing and American Le Mans Seriesracing. Not only does he own a team, he gets behind the wheel and races in the American Le Mans Series, where he has claimed 14 podiums since 2007, according to his person website.
Continue Below For More Facts Including Net Worth Info!
3. Estimated Net Worth
He now is expanding his career to the race on Asian and European circuits as part of Intercontinental Le Mans Cup races. An extreme sports enthusiast, Ducote also has tried his hand at spear fishing, diving, motocross and road biking.Ducote’s net worth is a closely guarded secret. Thorough Internet searches do not reveal how much he is worth or how much money he has earned racing. However, there are values placed on Merchant Services and on Starboard Funding. According to INC.com, Merchant Services’ revenue in 2008 was $176,944. Revenue for 2011 was $14.1 million. But this website says the company was founded in 2001, which is different than Ducote’ personal website that states the company was founded in 2005. And according to findthecompany.com, Starboard Funding generates $180,000 annually. Ducote does own a house valued at $653,990 in Miami Beach, Fla.
How much is Chapman Ducote’s Net Worth? $76 Million!
https://www.youtube.com/watch?v=5VVokRpn_QEVideo Transcript:Chapman Ducote was born in New Orleans on March 17, 1976. In June, 2012, he married Kristin Ducote, an attorney by day and author by night. Their love story has been fairy-tale like since they met in Miami Beach. The two have not had any children yet, but in an interview Ducote stated they are excited and will start trying shortly after their newlywed phase. Since his graduation from the University of Miami, he has successfully climbed the real estate ladder to become the president and chief executive officer of Merchant Services LTD. He founded the company in 2005 to processes credit cards internationally. It is one of only a handful of certified financial institutions that are able to fully process a credit transaction. In 2012, it was named the number 18 fastest growing private company. Additionally, he co-owns the Merchant Services Racing and American Le Mans Seriesracing teams. His love of fast cars and racing has led to several podiums and international wins. He has also made several media appearances including on ESPN, ABC, CBS Sports, the Speed Channel, and on Kim and Kourtney Take Miami. Overall, Ducote is a well rounded and successful business and racing man. Though Ducote‰Ûªs net worth is not publically available, by calculating the values placed on his companies, estimated salary, and assets, zseek.com puts his net worth at around $76 million (http://www.zseek.com/chapman-ducote-net-worth). Merchant Services‰Ûª revenue for 2011 was reported at $14.1 million, and Starboard Funding generally makes about $180,000 each year.Video Credit: AlphaLife.me on YouTubehttps://www.youtube.com/watch?v=5VVokRpn_QE