J.W. Marriott Jr. has an estimated net worth of $1.9 billion dollars
J.W. Marriott Jr. is an American hotelier with an estimated net worth of $1.9 billion dollars. He is currently the Executive Chairman and Chairman of the Board of Marriott International. John Willard “Bill” Marriott Jr. was born March 25, 1932 in Washington,DC. He is the son of Alice Marriott and John Willard Marriott Sr., the founder of Marriott International. From a young age, Bill had a interest in business. He worked in many positions for the Hot Shoppes restaurant chain during high school. He graduated with a Bachelor of Science degree in finance from the University of Utah.
Upon completion of college, Bill joined the family hotel business in 1956. He soon became the manger of the Marriott’s first hotel. Due to his hands-on approach, Bill was promoted to executive vice president, then the company’s president in 1964. Eight years later Mr. Marriott was elected as chief executive officer of the corporation, and chairman of the board in 1985. During the seventies, Bill began changing the company’s business model from hotel ownership to property management and franchising. This allowed for faster growth and also led to a company spilt in 1993. Marriott International, headed by J.W. Marriott Jr. is a hotel management and franchising company. His brother, Richard Marriott heads Host Marriott International, a hotel ownership company.
Bill has worked endlessly to create one of the most impressive lodging portfolios in existence which ranges from limited service to luxury resorts and hotels. To date, Marriott International operates and franchises hotels under JW Marriott, Marriott, The Ritz-Carlton, EDITION, Autograph Collection, Renaissance, AC Hotels by Marriott, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn & Suites, SpringHill Suites, and Bulgari brand names. Marriott International also operates vacation spots resorts such as the Marriott Vacation Club, The Ritz-Carlton Destination Club, and the Grand Residences. He didn’t forget about all the important CEOs of the world; Marriott International also operates Marriott Executive Apartments, which provides furnished corporate lodging.
As of March 2012, Bill resigned as C.E.O. of Marriott hotels. He is still an active chairman, visiting at least 200 hotels a year. His youngest son David is now the COO of the company’s eastern U.S. hotels. In the later part of 2012, Bill published a book entitled Without Reservations.
J.W. Marriott Jr. has enough net worth to buy:
1. 867,579.9 Akris Alexa Medium Business Bags ($2190)
2. 707,009.3 Brian Atwood Ailith Cutout Mesh & Suede Thigh-High Boots ($2695/pair)
3. 1,266.6 Bugatti Veyrons ($1.5 million each)
J.W. Marriott Jr. has enough net worth to give everyone in China $1.40
