Glenn Stearns is born an American by birth. Glenn Stearns’s profession as Reality TV and age is, and birth sign is. Check Glenn Stearns’s latest updated 2019 income and estimated Net worth below. Born in 1963, Glenn Streams is an American businessman who is the founder of Stearns Lending. Glenn is best known as the star of Discovery Channel’s Undercover Billionaire.
Stearns founded the eponymous mortgage lender in 1989 at the age of 25, according to a glowing biography featured on his personal website. The page details a rags-to-riches story that took Stearns from a life surrounded by drug abuse and alcoholism in the suburbs of Washington, D.C. to the dizzying heights of “owning a Montana ranch with John Elway and a private Caribbean island with Sir Richard Branson.
Glenn Stearns Early life
Glenn Stearns was born to alcoholic parents and thanks to dyslexia, failed the fourth grade. He fathered his first child at 14 and then graduated at the bottom of his high school class. Determined to not meet the same fate as his parents and friends who were addicted to drugs and alcohol, Glenn, with the help of mentors, became the first person in his family to attend and graduate from college when he earned a degree from Towson University. After college, he moved to California where he slept on the kitchen floor of a one-bedroom apartment he shared with five other guys. He waited tables to make ends meet before landing a job as a loan officer.
Glenn Stearns Career
Stearns established Stearns Lending in 1989. He was a (CEO) from its establishment until May 2012 when Stearns named Brian Hale, previous president, and public creation leader of MetLife Home Loans, as his replacement. Stearns Lending was the fifth-biggest secretly held home loan moneylender in the US in 2013. Knock the career struggle done at a very young age of Carter Sharer.
Glenn Stearns Success Story
When he was 25 years old he founded his own mortgage company, Stearns Lending. Within a decade the company was handling $1 billion per month in funding. Unlike many of its peers, Stearns managed to survive and thrive after the 2008 real estate crash and actually emerged as one of the top lenders in the United States. Between 2010 and 2019, Stearns funded $30 billion worth of loans which made it the #1 wholesale lender in the country in 2003 and one of the top 10 in the other years. He is the father of six and grandfather of two. Glenn and his wife Mindy Stearns are active philanthropists who donate to many causes. The couple appeared on The Oprah Winfrey Show in 2003 to discuss their journey and vision. Also, find out the success story of Yolanda Hadid.
Glenn Stearns Education
Glenn Stearns Personal Information
- Full Name: Glenn Stearns
- Nicknames: Glenn
- Birthday: 1963
- Age: 56 years old (as of October 2019)
- Birthplace: Silver Spring, Maryland, US
- Current Residence: Wyoming, US
- Education: Not Available
- Profession: Businessman
- Nationality: American
- Spouse/Wife: Mindy Burbano
- Children: 4
- Net Worth: He is a billionaire
Glenn Stearns Height & Weight
Are you looking for how tall is Glenn Stearns and what his height and weight?. Glenn Stearns’s height is Not Known and their Weight is Not Known.
Glenn Stearns’s Net Worth
Glenn Stearns is an American business executive who has a net worth of $500 million. Contrary to what you might have heard, and the fact that Glenn stars on a reality show called “Undercover Billionaire”, technically he is NOT a billionaire. Extraordinarily successful and wealthy but not quite officially in the three-comma club.
Glenn Stearns is the founder of Orange County-based Stearns Lending. Stearns Lending generates around $500 million per year in revenue and employs more than 1700 people. In 2015, private equity behemoth Blackstone acquired a 70% stake in Stearns Lending for an undisclosed amount. Based on comparable companies and multiples at the time, Stearns Lending was worth around $550 million in total at the time. That means Glenn personally took in around $380 million pre-tax from the Blackstone deal. Now read and find out the net worth of Clint Eastwood
Facts that you probably didn’t know
- He is an American billionaire.
- He is the founder of Stearns Lending.
- He is best known as the star of Discovery Channel’s Undercover Billionaire.
- His father was a printer and his mother was a grocery store clerk and house cleaner.
- He was diagnosed with dyslexia as a child.
- He founded Stearns Lending in 1989.
- He was 14 years old when his eldest child was born.
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