Evan Metropoulos Net Worth

What is Evan Metropoulos’s Net Worth?

Evan Metropoulos, an American businessman and heir to a private equity fortune, boasts a net worth of $400 million. His financial standing is a direct result of his involvement in high-profile business ventures and investments, primarily within the food and beverage industries. He is the son of C. Dean Metropoulos, a Greek immigrant and billionaire investor known for his successful private equity acquisitions.

A pivotal moment in Evan Metropoulos’s career came in 2010 when he, along with his father and brother Daren, acquired the Pabst Brewing Company for $250 million. This acquisition included the distribution rights to numerous beer brands. While Pabst Brewing owned the rights to approximately 50 brands, only about half were actively produced. Notable brands under its umbrella included Schlitz, Stroh’s, Schaefer, Falstaff, and the iconic Pabst Blue Ribbon (PBR).

The Metropoulos family’s strategic investment in Pabst paid off handsomely. In September 2014, they sold PBR to Oasis Beverages, a Russian company, for an impressive $750 million. This sale, just four years after the initial acquisition, underscored the family’s ability to identify, acquire, and successfully reposition valuable assets. Today, Evan Metropoulos focuses on operational and marketing strategies, while also managing luxury residential real estate development projects in California and Florida.

Early Life

Evan Metropoulos’s upbringing was steeped in the world of finance and high-stakes business deals. Born to billionaire investor Dean Metropoulos and his wife Marianne, he grew up alongside his brother Daren, within a family that built its fortune through strategic private equity transactions. Dean Metropoulos’s savvy investments in the 1970s and 1980s laid the foundation for the family’s wealth, providing Evan and his brother with unique insights into business and investment from a young age.

Daren and Evan Metopoulos (Photo by Todd Oren/WireImage)

Metropoulos & Co.

As a key figure in the Metropoulos family’s investment firm, Metropoulos & Co., Evan works alongside his father, C. Dean Metropoulos, and brother, Daren. Founded in 1993, the firm is based in Greenwich, Connecticut, and focuses on investments in the food and beverage, consumer products, and diversified sectors. With a portfolio that includes over 80 acquisitions, Metropoulos & Co. has established a significant presence in the industry. Their notable acquisitions include well-known brands such as Hostess, Aurora Foods, Stella Foods, BlueTriton, Ghirardelli, Morton Salt, and Briggs & Stratton.

Beyond his primary role at Metropoulos & Co., Evan Metropoulos is also involved in various global partnerships, particularly in marketing strategies. His collaborations with high-profile celebrities like David Letterman, Sylvester Stallone, and Dwayne “The Rock” Johnson underscore his ability to leverage celebrity endorsements and build brand recognition. These partnerships showcase the firm’s creative approach to marketing and its commitment to reaching a broad audience.

The 2010 acquisition of the Pabst Brewing Company stands out as one of Metropoulos & Co.’s most significant investments. The firm’s strategic management and marketing efforts revitalized the company, increasing its popularity worldwide. Through the ownership of Pabst, Metropoulos & Co. controlled the distribution rights to several other beer brands, including Schlitz, Schaefer, and Falstaff. In 2014, the Metropoulos family made a strategic decision to sell Pabst. The sale to entrepreneur Eugene Kashper for approximately $700 million demonstrated the firm’s successful investment strategy, resulting in substantial returns. Kashper subsequently completed the sale to Blue Ribbon, a partnership with the private equity firm TSG Consumer Partners.

Real Estate

Evan Metropoulos’s real estate portfolio reflects his sophisticated taste and financial success. He once resided in a luxurious full-floor penthouse in the Sierra Towers building in West Hollywood, California. This expansive, 7,000-square-foot space included a 4,000-square-foot wraparound balcony and six parking spaces, reflecting a lavish lifestyle. The penthouse, located at 9255 Doheny Road, was initially listed for $58 million in 2018, but the price was later reduced to $38 million. Ultimately, the property was sold at a no-reserve auction in 2021 for $17.5 million, highlighting the fluctuating nature of the luxury real estate market.

In addition to the West Hollywood penthouse, Metropoulos has invested in several other high-value properties. These include an estate in Key Biscayne, Florida, and a mansion in the Trousdale Estates area of Beverly Hills. The Beverly Hills property, purchased in 2017 for $65 million, is situated on over two acres of land and features seven bedrooms and ten bathrooms. This property has a rich history, having previously been owned by notable figures such as actor Danny Thomas and businessman Gilbert Chagoury, further emphasizing its prestige.

In June 2016, Evan’s brother, Daren Metropoulos, made headlines by acquiring the iconic Playboy Mansion for $110 million. This acquisition further solidified the family’s presence in the world of luxury real estate and high-profile investments.

Conclusion

Evan Metropoulos has established himself as a successful businessman, building upon his family’s legacy in private equity. With a diverse portfolio including food and beverage, consumer products, and luxury real estate, Metropoulos continues to make strategic investments and form lucrative partnerships. His net worth of $400 million reflects his acumen in the business world and his ability to identify and capitalize on opportunities. As he continues to develop his real estate ventures and maintain his family’s investment firm, Evan Metropoulos’s career demonstrates a commitment to innovation, strategic thinking, and successful long-term investments.