What is Evan Metropoulos’s Net Worth?
Evan Metropoulos, son of billionaire investor C. Dean Metropoulos, has a net worth of $400 million. In 2010, Evan and his brother Daren teamed up with their father to purchase the Pabst Brewing Company for $250 million, along with distribution rights for about 50 beer brands. The Metropoulos family sold PBR to Russian company Oasis Beverages for $750 million just four years later in 2014. Today, Evan focuses on operational and marketing strategies, as well as luxury residential real estate development in California and Florida.
Evan Metropoulos: Early Life and Family Wealth
Evan Metropoulos, the son of Greek-American billionaire investor Dean and his wife Marianne, grew up in a family with significant wealth. His father’s private equity transactions in the 70s and 80s helped build the family fortune.
Evan has a brother named Daren and was raised in a privileged environment.
Metropoulos & Co.: Investments and Acquisitions
Evan Metropoulos is a private equity scion who helps run the family-owned investment firm Metropoulos & Co. The firm, based in Greenwich, Connecticut, invests in the areas of food and beverage, consumer products, and various other diversified sectors.
Metropoulos & Co. has been involved in over 80 acquisitions, including those of such name brands as Hostess, Aurora Foods, Stella Foods, BlueTriton, Ghirardelli, Morton Salt, and Briggs & Stratton.
One of the firm’s biggest acquisitions was in 2010 when it purchased the Pabst Brewing Company for around $250 million. Under the firm’s ownership, the beer company experienced a resurgence in popularity around the world. Through Pabst, Metropoulos & Co. owned the distribution rights to other beer brands under the company umbrella, including Schlitz, Schaefer, and Falstaff.
In 2014, the Metropoulos family decided to sell Pabst to entrepreneur Eugene Kashper for around $700 million. Kashper subsequently completed the sale to Blue Ribbon, a partnership between him and the private equity firm TSG Consumer Partners.
Among his other business activities, Metropoulos has been involved in numerous global partnerships as part of his marketing strategies. He has partnered with such major celebrities as David Letterman, Sylvester Stallone, and the Rock.
Properties owned by Evan Metropoulos
Evan Metropoulos, the billionaire heir and businessman, has a property portfolio that includes several luxurious estates. He previously resided in a full-floor, two-unit penthouse atop the Sierra Towers building in West Hollywood, California, which he listed in 2018 for $58 million. The 7,000-square-foot space includes a 4,000-square-foot wraparound balcony and six parking spots. After slashing the price to $38 million, the property ultimately sold for $17.5 million at a no-reserve auction in 2021.
In addition to the penthouse, Metropoulos owns an estate in Key Biscayne, Florida, and a mansion in the Trousdale Estates area of Beverly Hills, which he purchased in 2017 for $65 million. The mansion sits on over two acres of land and includes seven bedrooms and ten bathrooms. The property has a rich history, with past residents including actor Danny Thomas and billionaire businessman Gilbert Chagoury.
In June 2016, Evan’s brother Daren bought the Playboy Mansion for $110 million.
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