Raymond A Huger
|Net Worth:||$40 Million|
|Birthday:||Oct 17, 1946|
|Age:||76 years old|
|Height:||5.6 feet (170cm)|
|Birthplace:||United States of America|
|Last Updated:||February, 2023|
Ray Huger (full name Raymond A Huger) is an American businessman. He established his business empire in yearly 90s and managed to grow his personal net worth up to $40 million in 2023. Continue reading if you are interested in more information on how Ray Huger became a wealthy man.
How Did Ray Huger Become Rich?
Ray Huger was born on October 17, 1946 in the United States of America in an African-American family. His parents were relatively rich, and they managed to give their son a proper education and values.
Raymond at first completed his education at Bernard Baruch College, getting a Bachelor Degree and later he got a Masters Degree in Business and Administration, after finishing studying at the Fordham University, located in New York.
After completing his masters degree, IBM offered Raymond a position in the company. He gladly accepted this proposition and worked there for almost 25 years, climbing the ladder and finally getting the position of Area Staff Director and Regional Manager.
Finally, in 1991 he left IBM to start his own company called Paradigm Solutions International. The company was established to provide software and services for businesses. Raymond Huger continued to re-invest money into the company, and managed to grow it to be able to have $60 million in annual sales in early 2000s.
Paradigm Solutions International went public in 2004 and Ray Huger sold the company for millions of dollars to CACI, a government contractor. Nowadays PSI isn’t as successful as it was before, and it’s reported to bring only 5 to 6 millions USD as early revenue having only 30 people employed in the company.
Currently Ray Huger isn’t doing business anymore, but gives speeches and takes part in TV-reality shows.
What Is Ray Huger Net Worth?
Ray Huger has been stable in the recent years. After selling his company, his net worth increased to $40 million in 2023.
How Ray Huger Spends His Money?
Ray Huger had spent a lot of money on his kids education. He is also loves his wife very much and helps her to grow her personal brand in social networks.
- Ray Huger is married to Karen Huger. His wife has an Instagram, @officialkarenhuger. She calls him “Black Bill Gates“.
- He was featured in The Real Housewives of Potomac, a Bravo TV-reality series with his wife Karen.
- Ray Huger has a son and a daughter. His son’s name is Brandon.