Belfor Company, a name synonymous with restoration and recovery services, was founded in 1989 by a young entrepreneur named Sheldon Yellen. Starting from his basement in Michigan, Yellen saw an opportunity in the industry and began offering disaster recovery services to local residents and businesses. With just a few employees and a strong work ethic, Belfor Company was off to a humble yet determined start.

The company’s big break came in the early 1990s when it was awarded a contract to handle the cleanup and restoration of properties damaged by the infamous “Perfect Storm” of 1991. Belfor’s exceptional response, professionalism, and efficiency in managing this large-scale disaster caught the attention of the industry and the media, catapulting the company into the national spotlight.

Belfor Company’s Current Net Worth (2025)

As of 2025, Belfor Company’s current net worth is estimated to be around $3.5 billion, according to the latest available information. This significant valuation reflects the company’s robust growth and success in the restoration, reconstruction, and property damage mitigation industry.

Belfor Company’s Career

Founded in 1946, Belfor Company has grown from a small painting and wallpapering business to a global leader in property damage restoration. With over 70 years of experience, the company has expanded its services to include water, fire, and mold damage restoration, as well as reconstruction and content cleaning. Belfor Company employs over 8,000 people across the United States, Canada, and the United Kingdom, serving both residential and commercial clients.

Belfor Company’s Other Ventures

In addition to its core restoration and reconstruction services, Belfor Company has diversified its offerings to include disaster recovery and mitigation services. The company’s Belfor Property Damage Solutions division specializes in large-loss property damage claims management, while its Belfor Disaster Recovery Solutions division focuses on helping businesses prepare for and recover from disasters. Furthermore, Belfor Company has invested in innovative technologies, such as drones and data analytics, to enhance its service capabilities and efficiency.

Belfor Company’s Assets

Belfor Company’s extensive assets include a vast network of over 140 service locations across North America and the United Kingdom. The company also maintains a large fleet of specialized vehicles and equipment, such as water damage drying trailers, desiccant dehumidifiers, and advanced cleaning and restoration tools. Additionally, Belfor Company’s intellectual property portfolio consists of proprietary technologies and methodologies that set it apart in the industry.

Belfor Company’s Annual Income

Belfor Company generates significant annual revenue through its diverse range of services. In 2020, the company reported an annual income of $1.5 billion, demonstrating its strong financial performance and market position. Belfor Company’s revenue is derived from both residential and commercial clients, with a balanced mix of emergency restoration services and planned reconstruction projects contributing to its overall income.

Frequently Asked Questions about  Belfor Company

Frequently Asked Questions: Belfor Company Net Worth

1. What is Belfor Company’s net worth?

Belfor Company’s net worth is estimated to be around $2.5 billion.

2. Who is the founder of Belfor Company?

The founder of Belfor Company is Adriaan Hofland.

3. When was Belfor Company established?

Belfor Company was established in 1953.

4. What does Belfor Company do?

Belfor Company is a global leader in property restoration services, offering solutions for fire, water, and storm damage, as well as environmental remediation and reconstruction.

5. How many countries does Belfor Company operate in?

Belfor Company operates in over 300 locations across 25 countries.

6. What is the revenue of Belfor Company?

The annual revenue of Belfor Company is approximately $3 billion.

7. How many employees does Belfor Company have?

Belfor Company employs over 8,000 people worldwide.

8. Is Belfor Company publicly traded?

No, Belfor Company is a privately held company.

9. Who is the current CEO of Belfor Company?

The current CEO of Belfor Company is CEO is Melvin Simon.

10. What are some of Belfor Company’s notable projects?

Belfor Company has worked on numerous high-profile projects, including the restoration of the World Trade Center after the 9/11 attacks, the Notre-Dame Cathedral in Paris after the 2019 fire, and the cleanup and restoration efforts following Hurricane Katrina in New Orleans.