Source: I work in private equity and specialize in asset valuation. I personally doubt EWG could even fetch $100m in a sale. I wouldn’t be shocked to learn that she and EWG shopped around for that valuation. Court documents from Silvio’s lawsuit against her reveal that the company was either losing money on an annual basis or generating ~$6m in EBITDA in her good year (earnings before interest taxes depreciation and amortization).Įven if I’m generous and only base the valuation off of the good year in the court filing and then assume a sky high growth rate, a $500m valuation is super outlandish (I mean, a multiple of earnings like that is CRAZY for that kind of company - that’s valuing it like Tesla and more than Google on a multiple basis). The company wasn’t generating that much money (and mostly losing money under Julia). Sources tell us she’s now not even contactable on the company email. As in, they asked someone to come in and try to peg what the company may be worth (and she says in S2 E1 that they may go public, so they definitely brought people in to look at the balance sheet and provide a valuation range).Īnd I find the numbers she references to be totally absurd. Scaglia who purchased fashion and talent agency Elite World Group in 2011 named Haart co-owner and CEO in 2019. So, there’s a lot to unpack here but the numbers she throws out (she also likes to say she grew EWG from a $90m company to a $500m company) 100% have to be said in reference to a valuation someone did for the company (that the company paid for). When I took over the company in 2018, we were valued at 90 million, and now we are. All I can say is that the numbers she references seem like utter nonsense now that I’ve seen what the company was actually making in past years. What is Julia Haart's net worth Julia recently told Women's Health: 'I am co-owner of Elite World Group. I was skeptical, so I looked at the court documents. Many articles use this range as a way to figure out her net worth (it’s why I’ve seen several that claim she’s worth more than $500m personally). Many times this season Julia has said EWG is a $500m company (or a $1.1b company depending on the scene). And this also speaks to a lot of articles I’ve seen online about Julia Haart’s net worth. Although she has claimed to be a co-owner of Elite World Group, a Delaware court. This season I was struck by how obvious it is that Julia is just throwing out total bullsh*t when it comes to what the company (EWG) is worth. She is the former chief executive officer (CEO) of Elite Model Management. Forbes reported in 2010 that he is worth 1 billion. Miriam, her second daughter, turned 23 in the first month of the year 2023. Batsheva, her first child, has amassed over a million Tik Tok fans. Haart was CEO of modeling agency Elite World Group before she. Julia Haart has four childrenBatsheva, Shlomo, Aron, and Miriam. But I work in private equity (one of the largest firms) and specialize in asset valuations. Silvio Scaglia and Julia Haarts split is a major. My wife and I are Jewish (ex orthodox) and we’ve enjoyed watching the show.
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