Lee Farkas Net Worth (Updated 2025).

Lee Farkas, born in 1952, began his career in the finance industry at an early age. After graduating from the University of Florida with a degree in finance, he started his professional journey at the First National Bank of Broward in the late 1970s. He quickly climbed the ranks, demonstrating exceptional skills in banking and finance, which led to his promotion to the position of Executive Vice President by the age of 30.

In the early 1990s, Farkas co-founded Taylor, Bean & Whitaker Mortgage Corp. (TBW), a mortgage lending company. Under his leadership, TBW grew rapidly, becoming one of the largest privately held mortgage companies in the United States. His innovative strategies in the mortgage industry, coupled with his charismatic leadership style, made him a prominent figure in the finance world.

Lee Farkas’s Current Net Worth (2025)

As of 2025, Lee Farkas’s estimated net worth is $500 million, according to the latest available information.

Career

Lee Farkas is a prominent American businessman, known for his role as the former CEO of Taylor, Bean & Whitaker Mortgage Corp. He co-founded the company in 1982 and served as its CEO until 2009. Farkas is recognized for his significant impact on the mortgage industry during his tenure.

Other Ventures

Beyond his work at Taylor, Bean & Whitaker, Farkas has been involved in various other ventures. He is a co-founder and former chairman of National Builder’s Wholesale, a mortgage origination platform. Additionally, he has served on the boards of several other financial institutions.

Assets

Lee Farkas’s assets include a significant stake in Taylor, Bean & Whitaker, as well as real estate holdings. He owns a luxurious home in Florida, valued at around $10 million, and has investments in various financial instruments and businesses.

Annual Income

As a successful businessman, Lee Farkas’s annual income has varied over the years. In his peak years at Taylor, Bean & Whitaker, his annual income was estimated to be in the tens of millions. However, his current annual income is not publicly disclosed.

Frequently Asked Questions about  Lee Farkas

Frequently Asked Questions about Lee Farkas

1. What is Lee Farkas’ net worth?

Lee Farkas’ net worth is estimated to be around $50 million.

2. Who is Lee Farkas?

Lee Farkas is an American businessman and former chairman and CEO of Taylor, Bean & Whitaker Mortgage Corp.

3. What is Taylor, Bean & Whitaker Mortgage Corp?

Taylor, Bean & Whitaker Mortgage Corp was a mortgage lending company based in Florida, United States.

4. What happened to Taylor, Bean & Whitaker Mortgage Corp?

Taylor, Bean & Whitaker Mortgage Corp filed for bankruptcy in 2009 amidst a major fraud scandal involving the company and its executives, including Lee Farkas.

5. What was Lee Farkas’ role in the fraud scandal?

Lee Farkas was convicted for his role in a $3 billion fraud scheme that contributed to the collapse of Taylor, Bean & Whitaker Mortgage Corp and Colonial Bank.

6. What was the outcome of Lee Farkas’ trial?

Lee Farkas was sentenced to 30 years in prison for his role in the fraud scheme in 2011.

7. How did Lee Farkas amass his wealth?

Lee Farkas amassed his wealth through his successful career in the mortgage industry, serving as the chairman and CEO of Taylor, Bean & Whitaker Mortgage Corp for many years.

8. What is Lee Farkas doing now?

Lee Farkas is currently serving his prison sentence.

9. Does Lee Farkas have any family?

Yes, Lee Farkas is married and has children, although details about his family are not widely publicized.

10. Are there any books or movies about Lee Farkas?

There are no known books or movies about Lee Farkas. His story is primarily known through news articles and legal documents related to the fraud scandal.