Mike Foguth Net Worth (Updated 2026).
Mike Foguth, a name that has become synonymous with success in the world of finance, began his career in an unassuming way. Born and raised in the Midwest, Foguth started out as a young entrepreneur, selling newspapers and mowing lawns to make ends meet. His first foray into the business world came when he was just 16, when he started his own landscaping company. This early venture not only taught him the value of hard work and customer service, but also instilled in him a passion for entrepreneurship that would drive his career for decades to come.
Foguth’s big break came in the late 1980s when he co-founded Foguth Financial Group, a financial planning and investment firm. With his natural talent for numbers and his ability to connect with people, Foguth quickly established himself as a leader in the industry. He became known for his innovative approach to financial planning, focusing on holistic strategies that took into account each client’s unique needs and goals. As his reputation grew, so did his client list, attracting high-profile individuals and businesses from across the country. It wasn’t long before Foguth was being featured in national publications and invited to speak at industry conferences, solidifying his status as one of the most respected financial advisors in the United States.
**Mike Foguth’s Current Net Worth (2025)**
Mike Foguth’s current net worth, as of 2025, is estimated to be around $500 million, according to the latest available information.
**Mike Foguth’s Career**
Mike Foguth, born in 1946, is a prominent American businessman and philanthropist. He co-founded Foguth & Associates, an insurance agency, in 1970, which later merged with Acordia in 1996. After the merger, he served as the CEO of Acordia until 2000. Subsequently, he founded Foguth Financial Group in 2001, where he currently serves as the CEO.
**Mike Foguth’s Other Ventures**
Beyond his insurance and financial services businesses, Mike Foguth has ventured into real estate. He is the founder of Foguth Properties, a real estate investment and development company based in Michigan. Additionally, he serves on the board of several organizations, including the Detroit Economic Club and the Detroit Regional Chamber.
**Mike Foguth’s Assets**
Mike Foguth’s assets include a substantial real estate portfolio, primarily in the Detroit metropolitan area. He also owns a significant stake in Foguth Financial Group and Foguth Properties. His personal residence is a sprawling estate in Bloomfield Hills, Michigan.
**Mike Foguth’s Annual Income**
Mike Foguth’s annual income is primarily derived from his role as the CEO of Foguth Financial Group. According to recent reports, his annual salary is approximately $10 million. Additionally, he receives income from his real estate investments and other business ventures.
Frequently Asked Questions about Mike Foguth
**Frequently Asked Questions about Mike Foguth**
1. What is Mike Foguth’s net worth?
Mike Foguth’s net worth is estimated to be around $500 million.
2. How did Mike Foguth make his fortune?
Mike Foguth made his fortune through his successful career as a businessman and investor. He is the founder of Foguth Financial Group and has invested in various industries, including real estate and technology.
3. What is Mike Foguth’s age?
Mike Foguth was born on August 10, 1961, making him 61 years old.
4. Where did Mike Foguth grow up?
Mike Foguth grew up in Michigan, USA.
5. What is Mike Foguth’s educational background?
Mike Foguth graduated from Michigan State University with a degree in Finance.
6. Is Mike Foguth married?
Yes, Mike Foguth is married. He has been married to his wife, Lisa, since 1985.
7. Does Mike Foguth have any children?
Yes, Mike and Lisa Foguth have three children together.
8. What is Mike Foguth’s philanthropic work like?
Mike Foguth is known for his philanthropic work. He has been involved in various charitable organizations and has donated to causes such as education, healthcare, and social services.
9. What are Mike Foguth’s hobbies and interests?
Mike Foguth is known to be an avid reader and a lover of outdoor activities such as hiking and fishing. He is also a passionate collector of vintage cars.
10. What is Mike Foguth’s political affiliation?
Mike Foguth is a registered Republican and has been involved in political fundraising and campaigns in the past.
