As of 2024, David Hagan Shelor’s net worth is estimated to be around $25 million.
David Hagan is a successful entrepreneur with an estimated net worth of $25 million as of 2024. He is associated with Shelor Motor Mile, a large automotive dealership group in Virginia. Under his leadership, the company has seen significant growth, expanding from 125 employees to a much larger team.
David Hagan contributes to the success of Shelor Motor Mile, which generates $400 million in annual revenue.
His leadership skills and commitment to the business have played a key role in this impressive growth. Hagan’s experience in the automotive industry showcases his financial success and business expertise.
Sources of Wealth and Income Streams
His business acumen and community engagement have significantly contributed to his financial success.
| Net Worth | $25 million |
Income Streams
- Stock Ownership and Sales: David Hagan owns a significant number of shares in Boingo Wireless Inc. As of June 2020, he owned over 6,837 shares worth more than $13,955,053. This stock ownership plays a vital role in his overall wealth.David has also sold large amounts of his Boingo stock over the years. Between 2018 and 2019, he sold shares valued at over $11,024,886.
- Director Compensation: As a director at Boingo Wireless Inc., David Hagan receives a large compensation package. In 2020, he earned $675,740 from his director role. This compensation is a significant part of his income.
- Stock Options: David Hagan has exercised and sold stock options in Boingo Wireless Inc., increasing his net worth. For example, in 2019, he exercised options valued at $35,726,143. These transactions contribute significantly to his financial growth.
David Hagan Shelor Biography
| Category | Details |
|---|---|
| Name | David Hagan Shelor |
| Role | Director at Boingo Wireless Inc. |
| Net Worth | Estimated at $25 million (November 2024) |
| Stock Holdings | Over 6,837 shares of Boingo Wireless Inc. valued at over $13.9 million (June 2020) |
| Director Salary | $675,740 annually |
| Stock Sales | Sold stock worth over $11 million over the last 13 years |
| Annual Revenue | Shelor Motor Mile generates $400 million annually |
| Employees | Grew from 125 to a larger team at Shelor Motor Mile |
Childhood and Upbringing
There is no available information on the childhood or upbringing of David Hagan Shelor. Different sources highlight the lives of other individuals named David Hagan and Dan Hagan, but not Shelor.
David Hagan, a director at Boingo Wireless Inc., is known for his significant net worth, estimated at $25.7 million in June 2020 and around $14 million in November 2024. However, details about his early life remain absent.
Dan Hagan, who holds a 10% ownership stake in Jackson Financial Inc., has an estimated net worth of at least $501 million as of November 2024. Like David Hagan, specific information regarding his childhood or background is also not provided.
Information on David Hagan Shelor’s childhood and upbringing does not appear in available resources.
Academic Qualifications
There’s no detailed information about David Hagan Shelor’s academic qualifications. Available sources center around his work and success in the automotive industry. His achievements at Shelor Motor Mile and his role in the companies illustrate his strong leadership rather than focus on formal education.
While there’s a wealth of data about his career, insights into his schooling remain unclear. This lack of academic background details doesn’t diminish his influence or contributions to the automotive sector. Instead, it emphasizes that successful careers can develop without extensive public education records.
Professional Milestones
David Hagan Shelor has achieved significant success in his career, particularly in the auto dealership industry.
- Co-Ownership of Shelor Motor Mile: Shelor is the co-owner of Shelor Motor Mile, a major auto dealership in Virginia. This dealership expanded from a 5-acre lot with 20 employees to a 16-acre megadealership with approximately 150 employees.
- Business Growth and Sales: Under Shelor’s leadership, Shelor Motor Mile now sells about 5,000 cars, trucks, and vans each year. The gross sales approach $100 million annually. The dealership offers various vehicle brands, including Chevrolet, Toyota, and Chrysler.
These milestones highlight his strong management skills and keen business sense.
Personal Life, Relationships & Family
David Hagan Shelor is 54 years old. He stands 5 feet 8 inches tall and weighs approximately 79 kilograms. There isn’t much information available about his relationships or family. Details about whether he has a spouse or children remain unknown.
Information about his parents is also missing. Much of what is known focuses on his career and net worth rather than personal life details. This lack of available information creates a gap in understanding more about him as a person outside his professional achievements.
Age and Stature
David Hagan Shelor is 54 years old. His age reflects years of experience in the auto dealership business, where he has made significant contributions.
In terms of his physical size, he stands 5 feet 8 inches tall, which is 173 centimeters. He weighs around 79 kilograms, or about 174 pounds. This information illustrates his overall stature and provides a glimpse into his personal profile.
These details about David Hagan Shelor give a clearer picture of him, contributing to the understanding of his life beyond business.
Body Weight and Appearance
David Hagan Shelor is 54 years old. He stands at a height of 5 feet 8 inches. His weight is approximately 79 kilograms, which is about 174 pounds.
Social Media Platforms
Conclusion
David Hagan Shelor’s journey through the automotive and tech industries showcases his remarkable business acumen and strategic leadership.
Despite fluctuations in his net worth over the years, he’s made significant contributions that have shaped his career and the companies he’s led. His role at Boingo Wireless and the impressive growth of Shelor Motor Mile reflect his ability to navigate complex markets and drive success.
While details about his personal life remain scarce, his professional achievements speak volumes about his capabilities. Shelor’s story serves as an inspiring example of how effective management and innovative thinking can lead to substantial financial success in competitive fields.
Frequently Asked Questions
Who is David Hagan Shelor?
David Hagan Shelor is a successful entrepreneur known for his significant contributions to the tech industry and automotive sector. As of June 2020, he had an estimated net worth of $25 million, linked to his roles as a director at Boingo Wireless Inc. and as the leader of Shelor Motor Mile, a growing automotive dealership in Virginia.
What role does David Hagan Shelor play at Boingo Wireless Inc.?
David Hagan Shelor serves as a director at Boingo Wireless Inc., and as of June 2020, he owned over 6,837 shares valued at more than $13.9 million. His position includes responsibilities that contribute to the company’s strategic direction and growth.
How has Shelor Motor Mile developed under David Hagan Shelor’s leadership?
Under David Hagan Shelor’s guidance, Shelor Motor Mile expanded significantly from a 5-acre lot with 20 employees to a 16-acre megadealery with around 150 employees, selling about 5,000 vehicles annually and generating nearly $100 million in gross sales each year.
What is David Hagan Shelor’s annual salary as a director?
David Hagan Shelor’s annual salary as a director of Boingo Wireless Inc. is $675,740. This compensation reflects his expertise and the value he brings to the company through his leadership and strategic decision-making.
Are there details about Shelor’s early life and education?
Information regarding David Hagan Shelor’s early life and education is limited. There are no public records detailing his childhood, upbringing or academic qualifications, suggesting that his focus has primarily been on his professional accomplishments.
