Howard C. ‰ÛÏSmoky‰Û Bissell is most noted for his manufacturing developments with successful communities such as SouthPark and Ballantyne located in Charlotte, North Carolina. He is the Chairman and Chief Executive Officer of the Bissell Companies, which is a leading organization in commercial development, office leasing, property management, and real estate investment. Bissell was born in Buffalo, New York in 1937 and eventually attended Hotchkiss School. He served two years in the Navy and also earned an economics degree from Yale University. His life then led him to the woman that he married, Sara Harris Bissell. After moving to California and teaching math for a few years, Bissell and his family returned to Charlotte. The couple had four children named Cary, Barbara, Howard, and J.J.
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2. Income & Salary
Bissell has championed his numerous philanthropic initiatives for more than forty years. He founded Bissell Companies Inc. in 1964, later developing the community called Ballantyne in 1996. He and his company have established areas of over 12 million square feet throughout the Carolinas. In 2011, Bissell took a $100 million gamble by constructing two 10-story office buildings in Ballantyne Corporate Park. His decision ended up being a lucrative investment. Once the building was completed, MetLife Inc. agreed to lease about 340,000 square feet of the new offices. Also, the company won a major rezoning for Ballantyne in the same year, meaning 6.5 million more square feet could be used for office space. Even though more office buildings are coming in 2014, Bissell is dropping $11 million in funding for road improvements and extensions to accommodate the community‰Ûªs growing density. In addition, the rezoning granted the development of an extra 200 hotel rooms and 600 residential units.
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3. Estimated Net Worth
The total number of acres in all of the Ballantyne area is around 2,000. Tax value of the Ballantyne Corporate Park alone is a sizable $739 million, while the whole Ballantyne community has a tax value of $1.9 billion. The entire zip code in which the establishment is located is a whopping $9 billion. Since figures are not readily available for public knowledge, the now 76-year-old chairman can be estimated to have a net worth of around $300-500 million. Bissell‰Ûªs upcoming projects and aspirations for the future will continue to increase this worth even further.