Stephen Cloobeck Net Worth (Updated 2026).
Stephen Cloobeck’s entrepreneurial journey began in the late 1980s, when he founded a small, family-owned company called Diamond Resorts. Starting with just a few properties, Cloobeck’s vision was to revolutionize the timeshare industry by offering high-quality, affordable vacation experiences. He personally visited each property, ensuring they met his exacting standards, and cultivated a customer-centric culture that would become the cornerstone of his success.
Cloobeck’s fame began to grow in the mid-1990s as Diamond Resorts expanded rapidly, acquiring and developing resorts across the United States and internationally. His innovative approach to the timeshare industry, which emphasized flexibility, personalization, and exceptional customer service, resonated with consumers. By the turn of the century, Cloobeck had become a prominent figure in the hospitality sector, known for his charismatic leadership style and commitment to creating memorable vacation experiences for his customers.
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Stephen Cloobeck’s Current Net Worth
As of 2025, Stephen Cloobeck’s estimated net worth is $2.5 billion, according to the latest available information.
Career
Stephen Cloobeck is a prominent entrepreneur and businessman, best known as the founder and former CEO of Diamond Resorts International. He started his career in the travel industry in the 1980s and has since built a successful track record in the hospitality sector. In 2007, he founded Diamond Resorts, which grew to become one of the world’s largest vacation ownership companies before its acquisition in 2018.
Other Ventures
After stepping down from Diamond Resorts, Cloobeck has been involved in various other ventures. He is the co-founder and chairman of CIVC Partners, a private equity firm, and has also invested in several tech startups. Additionally, he serves on the board of several companies, providing strategic guidance and leadership.
Assets
Cloobeck’s assets include a significant stake in CIVC Partners, as well as investments in real estate and other industries. He owns luxury properties in various locations, including a sprawling estate in Las Vegas and a penthouse in New York City. His collection of art and classic cars is also notable, reflecting his passion for these areas.
Annual Income
Given his diverse portfolio of investments and ventures, Stephen Cloobeck’s annual income is not publicly disclosed. However, as a successful entrepreneur and investor, it is safe to assume that his earnings are substantial and varied, coming from his stake in CIVC Partners, other investments, and his role on corporate boards.
Frequently Asked Questions about Stephen Cloobeck
Frequently Asked Questions: Stephen Cloobeck Net Worth
1. What is Stephen Cloobeck’s net worth?
Stephen Cloobeck’s net worth is estimated to be around $1 billion.
2. How did Stephen Cloobeck make his fortune?
Cloobeck made his fortune as the founder and former CEO of Diamond Resorts International, a timeshare company.
3. When was Diamond Resorts International founded?
Diamond Resorts International was founded in 2007.
4. What other businesses has Stephen Cloobeck been involved in?
Cloobeck has also been involved in the restaurant and hospitality industries. He is a co-owner of the Las Vegas restaurant, Andiamo Italian Steakhouse.
5. Has Stephen Cloobeck won any awards for his business achievements?
Yes, Cloobeck has been recognized for his business achievements. He was named Ernst & Young’s Entrepreneur of the Year in 2014.
6. What is Stephen Cloobeck’s educational background?
Cloobeck graduated from the University of California, Los Angeles (UCLA) with a degree in Economics.
7. Has Stephen Cloobeck been involved in any philanthropic work?
Yes, Cloobeck is involved in various philanthropic endeavors. He has donated to causes such as education, healthcare, and the arts.
8. What is Stephen Cloobeck’s political affiliation?
Cloobeck is a Democrat and has been a significant donor to Democratic political campaigns.
9. Has Stephen Cloobeck written any books?
Yes, Cloobeck has co-authored a book titled “The Business of Life” which provides insights into his entrepreneurial journey.
10. Where does Stephen Cloobeck live?
Cloobeck primarily resides in Las Vegas, Nevada.
