Rags to Riches: Examining Lenny Dykstra’s Net Worth in 2016

Rags to Riches: Examining Lenny Dykstra’s Net Worth in 2016

The rags to riches story of Lenny Dykstra is one that few can believe. In the mid-1980s, Dykstra was a student at the University of Pennsylvania, majoring in economics. His future prospects were limited, to say the least. But, with a combination of hard work, smart moves, and some luck, Dykstra rose to become a multi-millionaire by the end of the century. So, how did he do it, and what is his current net worth as of 2016?

Early Life and Baseball Career

Lenny Dykstra was born in Santa Monica, California, in 1963. As a child, Dykstra loved playing baseball, and he was good enough to be drafted by the New York Mets in 1981. A few years later, he was traded to the Philadelphia Phillies and was an integral part of the Phillies’ success in the late 1980s and early 1990s. Dykstra retired from baseball in 1996, after an All-Star career.

Dykstra’s Early Business Ventures

While he was still playing baseball, Dykstra began to invest in several businesses. He bought several car dealerships, which proved to be extremely profitable. Additionally, he invested in several real estate properties and started a stock-trading magazine, which was another successful venture.

The Nails On The Wall Investment Group

In the late 1990s, Dykstra formed the Nails On The Wall Investment Group, a venture capital firm. The firm invested in a variety of businesses, from telecommunications to financial services. He used his contacts from the world of professional sports to make connections and expand the firm’s reach. Dykstra also used his knowledge of the stock market to make wise investments.

Lenny Dykstra’s Net Worth in 2000

By 2000, Dykstra had achieved incredible success. His net worth was estimated to be $58 million. He had achieved financial success beyond his wildest dreams.

Lenny Dykstra’s Bankruptcy and Legal Troubles

Unfortunately, Dykstra’s success was short-lived. In 2009, he filed for bankruptcy, and his financial empire came crumbling down. Dykstra was also accused of fraud and was arrested on a variety of charges, including filing false financial statements and embezzlement. He was sentenced to prison in 2012.

Lenny Dykstra’s Net Worth in 2016

Dykstra was released from prison in 2013. Since then, he has been rebuilding his life and his business ventures. His current net worth is estimated to be around $500,000, a far cry from the millions he had amassed at the turn of the century.

Dykstra’s Current Ventures

Dykstra is currently focusing on his real estate investments and his car dealership. He is also the CEO of Lenny Dykstra Financial, a financial consulting firm. Dykstra is also a columnist for TheStreet.com, where he gives investment advice.

Recent Projects

Dykstra has recently launched several new projects. He is the author of an upcoming memoir, The Good Luck Playbook: Lessons from an Unconventional Life. He also launched a new app called Planes Plus, which provides users with discounts on private jet travel.

The Future of Lenny Dykstra

It remains to be seen if Dykstra will be able to rebuild his net worth to the level it was at in 2000. However, it is clear that he has learned from his mistakes and is determined to make a comeback. With his determination and intelligence, it is likely that he will be successful in his future endeavors.

Conclusion

Lenny Dykstra is an example of a rags to riches story gone wrong. After achieving financial success beyond his wildest dreams, Dykstra found himself in financial ruin and legal trouble. However, he has since been released from prison and has been rebuilding his life and his business ventures. As of 2016, his net worth is estimated to be around $500,000, but Dykstra is determined to make a comeback and rebuild his fortune. With his determination and intelligence, it is likely that he will be successful in his future endeavors.