Derek Wachob Net Worth: Paragon Industries’ Success Story
Derek Wachob Net Worth: A Whopping $10 Million in 2024
As it always goes in the world of high-stake business, Derek Wachob, one of the founders of a company, was standing out loud even too much. He is a living example of what can be the outcomes of strategic business moves when implemented properly. Being the billionaire founder of one successful company, this is what his net worth is telling, and it speaks for itself.
Quick Facts
- Net Worth (2024): $10 Million
- Primary Source of Income: Paragon Industries
- Annual Salary: $500K
- Monthly Income: $30K
Derek Wachob: Biography
Early Life and Education
Born October 4, 1972, in Sapulpa, Oklahoma, Derek Wachob was destined for entrepreneurship from great stock. He founded one of the most successful companies in the berry business to date with the very smallest of capital. Even his tender years were demonstrative of great promise and ambition, the best indicators of success awaiting him. Born into an entrepreneurial family, where his parents, Jack and Linda Wachob, are the original founders of Paragon Industries, established in 1970. Born into an entrepreneurial family, his parents—Jack and Linda Wachob—happened to be the original founders of Paragon Industries. Derek is not only a business tycoon; he is a learned man. Although the specific details are quite not evident with respect to his educational background, surely one thing is he has graduated from university and he works within some company.
Derek Wachob: A Quick Bio
| Attribute | Details |
|---|---|
| Full Name | Derek Wachob |
| Net Worth (2024) | $10 Million |
| Born | October 4, 1972 |
| Birthplace | Sapulpa, Oklahoma |
| Nationality | American |
| Height | 5 feet 6 inches |
| Weight | 77 Kilograms |
| Education | University Graduate |
| Marital Status | Married |
| Children | Yes (Details not available) |
| Occupation | Businessman, Owner of Paragon Industries |
| Industry | Oil and Gas, Manufacturing |
| Active Companies | 4 |
| Inactive Companies | 3 |
| Lawsuit | Against the United States Army |
| Compensation Claimed | $13,229,775 |
How He Became a Billionaire
Derek Wjsonachob didn’t just stumble upon his fortune but built it through his company. He has been at the helm of Paragon Industries since 1982, and his business has grown to become valued at $1.24 billion. His business acumen and strategic decisions have been pivotal in scaling the company to new heights.
Derek Wachob Net Worth in 2024
Detailed Breakdown of His Net Worth: Owner Derek Wachob and Sapulpa
As of 2024, Derek Wachob’s net worth stands at a staggering $10 million. But how did he amass such wealth? Let’s break it down:
- Paragon Industries: The company’s net worth is $1.24 billion, and as the owner, Derek takes a significant cut.
- Annual Salary: Derek draws an annual salary of $500K from his business ventures.
- Monthly Income: His monthly income is around $30K.
⚖️ The Legal Side: Derek Wachob’s Lawsuit Against the United States Army ⚖️
Overview of the Lawsuit
Derek Wachob filed a lawsuit against the United States Army, claiming $13,229,775 in damages to his aircraft.
Implications and Outcomes
The lawsuit has brought attention to the legal challenges that entrepreneurs can face. The outcome of this lawsuit could have significant implications for Derek Wachob, both financially and reputationally.
Derek Wachob’s Family Life
His Personal life
Derek Wachob was born on October 4, 1972, in Sapulpa, Oklahoma, into an entrepreneurial family. Jack and Linda Wachob were the original founding partners of Paragon Industries. He is often quoted saying that his wife, Linda W., is the rock and foundation of all his life and
How His Family Influenced His Business Ventures
Much of Derek’s business sense is rooted in his upbringing, with parents who were the founders of Paragon Industries and thereby instilled in him all the values and practical skills that would be necessary for operating a successful business.
The Secrets to Derek Wachob’s Success
Business Strategies and Philosophies
Success for Derek Wachob is not by chance; it actually stems from well-thought-out strategies and a powerful business philosophy. He believes in diversification, and over time, he has invested in different sectors that are reflected in his glorious net worth.
Paragon Industries: A Closer Look
History and Foundation
Paragon Industries, a steel-pipe and tubing manufacturing industry, was founded in 1982. Paragon Industries has since grown to a billion-dollar company. Paragon Industries is a tubing and steel-pipe manufacturing industry. Its headquarters are at 3378 W Highway 117 Sapulpa, OK 74066-6987 United States.
Paragon Industries Product Portfolio
| Product Type | Application | Industry Served |
|---|---|---|
| Line Pipe | Oil and Gas Transportation | Gas and oil industry |
| OCTG | Drilling Operations | Oil and Gas |
| Standard Pipe | Plumbing, Heating | Construction |
| Pipe Piles | Foundation Support | Construction |
| 4,6,8-inch Sprinkler Pipe | Fire Safety Systems | Safety & Security |
| Custom Fabrication | Specialized Requirements | Various Industries |
| Steel Pipes and Tubing | Structural Support | Construction |
Net Worth and Market Position
The paragon industries net worth, as on is 2024, is $1.24 billion, which makes it a market leader in its industry.
Quick Stats:
- Net Worth: $1.24 billion
- Founded: 1982
- Industry: Steel pipe and tubing manufacturing
If you’re interested in learning about the financial journeys of other successful individuals, you might also want to check out our deep dive into Dylan Jovine’s Net Worth.
Additional Resources
Books, Articles, and Websites for Further Reading
Last Updated on March 29, 2024 by Shahid Maqsood
Shahid Maqsood, with an MBA and a Master’s in Mass Communications, has 10 years of writing experience. Specializing in news and celebrity coverage, he brings a unique perspective from his love for hunting and camping, difference between. He’s passionate about the outdoors, especially hunting and camping. Shahid contributes to websites like dosttrusty.com, distinctionbetweencom and bruitly.com offering insightful articles on news and celebrities. His straightforward, engaging style makes him a trusted source for readers.
