Eric Mays is a prominent person in Flint’s political sphere who has gained attention for his public service and substantial wealth.
As of 2024, Eric Mays Net Worth reflects his success in both business and politics, making him a notable figure in Michigan’s economic and social industry.
Eric Mays, known for his significant community contributions, also achieved notable financial success during his lifetime.
Eric Mays Net Worth
At the time of his passing at age 65, Eric Mays had accumulated a net worth exceeding $100 million. His substantial wealth reflects his accomplishments in politics and his earlier career as an auto worker.
How Did Eric Mays Make His Net Worth?
Eric Mays amassed his substantial net worth through multiple income sources. Here are the primary contributors:
1. Eric Mays Group
Mays Group is Eric Mays’s primary source of income. As the sole owner of the company, he receives all profits and dividends from its operations.
Mays Group is a global conglomerate operating in diverse sectors, including technology, media, entertainment, real estate, hospitality, and education. The company generates approximately $30 million annually.
2. Eric Mays Investments
Investments are a significant secondary income source for Eric Mays. A savvy and visionary investor, Mays has backed some of the world’s most promising and disruptive startups and ventures. His diversified portfolio includes stocks, bonds, gold, cryptocurrencies, art, and collectibles, contributing around $20 million to his net worth.
3. Eric Mays Collection
Eric Mays also earns from his collection of rare and valuable items, such as paintings, sculptures, coins, stamps, books, and memorabilia. As an avid collector, he has acquired some of the world’s most sought-after and expensive items, adding roughly $15 million to his wealth.
Source | Annual Income |
---|---|
Mays Group | $30 million |
Investments | $20 million |
Collection | $15 million |
These diverse income streams highlight Eric Mays’s ability to generate wealth through both entrepreneurial ventures and strategic investments.
Awards and Achievements
Throughout his career, Eric Mays has garnered several prestigious awards and accolades for his contributions to business and philanthropy:
- Ernst & Young Entrepreneur of the Year Award (2013): Recognizes the most innovative and visionary entrepreneurs globally.
- Black Enterprise Magazine’s Top 100 Entrepreneurs Award (2014): Celebrates the most successful and influential African American business owners in the United States.
- Michigan Business and Professional Association’s Best of Michigan Business Award (2015): Acknowledges outstanding performance and leadership among Michigan businesses.
These awards shows Eric Mays’ dedication to entrepreneurship, innovation, and leadership within his community and beyond.
Eric Mays Life
Eric Mays was born on September 16, 1985, in Flint, Michigan, a city that was once a thriving industrial hub but later became infamous for its economic decline, social problems, and water crisis.
He was the only child of James and Mary Mays, both factory workers at General Motors, the city’s largest employer.
Growing up in Flint, Eric faced numerous challenges and hardships, including poverty, violence, racism, and discrimination.
He witnessed firsthand the decline and decay of his city as factories closed, jobs disappeared, crime increased, and infrastructure deteriorated. These early experiences shaped his perspective and fueled his determination to make a positive impact on his community.
Eric Mays was born and raised in San Diego, California, where he attended public school before earning a Bachelor’s degree in Business Administration from San Diego State University. His career began in the fashion industry, where he gained experience in design, production, and sales.
In the late 1980s, Eric moved to Flint, Michigan, to further his fashion career and launched his own clothing line, Mayswear.
During this time, he also pursued higher education at the University of Michigan-Flint, studying political science and graduating in 1993. He later enhanced his business acumen by obtaining a Master’s degree in Business Administration from the University of Southern California in 1997.
Eric Mays Bio
Attribute | Detail |
---|---|
Real Name | Eric Mays |
Profession | Politician |
Date of Birth | September 16, 1985 |
Place of Birth | Flint, Michigan |
Wife | Megan Ritchie |
Children | 3 |
Age | 66 Years |
Height | 6 Feet, 3 Inches |
Weight | 73 Kg |
Zodiac Sign | Virgo |
Nationality | American |
Eric Mays Political Career
Eric Mays embarked on his political journey in 2013, narrowly winning a seat on the Flint City Council by a margin of just eight votes.
As the councilman for the first ward, he represented the city’s north side, bringing attention to the community’s needs and issues.
Mays became a prominent advocate for Flint residents during the notorious water crisis that began in 2014.
The crisis was triggered when the city switched its water source from Detroit to the Flint River, leading to lead contamination and severe health problems.
Mays’s vocal support for affected residents highlighted his commitment to public health and safety.
In 2015, Mays ran for mayor of Flint but was defeated by Karen Weaver, who became the city’s first female mayor.
Despite this setback, he continued his service as a councilman. In 2017, he was re-elected for another four-year term, during which he took on significant leadership roles, including vice president of the city council and chair of the finance committee.
Eric Mays House
Eric Mays resides in a luxurious mansion located in a gated and secluded community, surrounded by lush trees and greenery.
The grand and elegant facade features a brick and stone exterior, a large porch, and a circular driveway.
This impressive three-story mansion, which also includes a basement, spans over 10,000 square feet. It boasts numerous high-end amenities, including a three-car garage, a swimming pool, a tennis court, and a basketball court. The mansion is valued at over $10 million.
Eric Mays Wife and Children
Megan Ritchie is the supportive wife of Eric Mays, a Flint city councilman renowned for his outspoken style and dedication to his community.
Megan herself is an entrepreneur who manages an online store specializing in clothing, accessories, and home decor items.
As a steadfast partner, Megan stands by Eric amidst the challenges and controversies that often accompany his political career.
Together, they are parents to three children: Eric Jr., Maya, and Miles, forming a close-knit and supportive family unit.
Frequently Asked Questions
1. How did Eric Mays accumulate his wealth?
Eric Mays’ wealth stems primarily from his ownership and leadership of Mays Group, a multifaceted conglomerate spanning technology, media, entertainment, real estate, hospitality, and education sectors. His astute business decisions, including strategic investments in promising startups and diverse asset portfolios, have significantly contributed to his financial prosperity.
2. What is the estimated net worth of Eric Mays?
As of 2024, Eric Mays’ net worth exceeds $100 million. This substantial figure underscores his success in business and politics, reflecting his ability to navigate both sectors with proficiency and foresight.
3. What are some notable achievements contributing to Eric Mays’ financial success?
Eric Mays has received prestigious accolades such as the Ernst & Young Entrepreneur of the Year Award and the Black Enterprise Magazine’s Top 100 Entrepreneurs Award. These recognitions highlight his innovative business strategies, leadership prowess, and impactful contributions to Michigan’s business landscape.
Conclusion
Eric Mays’ net worth not only underscores his financial acumen but also reflects his dedication to public service and community development in Flint.
His entrepreneurial ventures and political leadership have cemented his reputation as a pivotal figure in Michigan’s economic and social arenas.
Eric Mays continues to inspire with his visionary approach to business and commitment to enhancing the livelihoods of those he serves.