David Siegel, the billionaire founder of Westgate Resorts and a prominent figure in the timeshare industry, has passed away at the age of 89. News of his death spread quickly, prompting tributes from across the business world and beyond. Siegel, known for his ambitious ventures and extravagant lifestyle, leaves behind a considerable empire and a lasting impact on the vacation ownership landscape.
Siegel’s life was a testament to the American dream, albeit on a grand scale. He built Westgate Resorts from the ground up, transforming it into a major player in the timeshare market. His success was inextricably linked to his wife, Jackie Siegel, who starred in the documentary “Queen of Versailles,” offering a glimpse into their opulent life in one of the most expensive homes in the United States. This mansion, a symbol of their success, became almost as famous as the empire he built.
Beyond his business acumen, Siegel was remembered for his unwavering optimism and relentless drive. He was a man who truly ‘never stopped dreaming big,’ a phrase often associated with him and his ambitious projects. His dedication to his work and his family was evident to those who knew him, shaping his public image and contributing to the legend of his success.
While his business practices have faced scrutiny at times, his impact on the timeshare industry is undeniable. Westgate Resorts, under his leadership, expanded significantly, creating thousands of jobs and providing vacation opportunities for countless families. His legacy extends far beyond the confines of his business dealings, leaving a mark on the communities he touched and the people he employed.
The passing of David Siegel marks the end of an era in the timeshare industry. His story, one of ambition, innovation, and undeniable success, will continue to inspire and fascinate for years to come. He leaves behind a complex legacy, one that will be debated and remembered for his contributions to the world of business and his unique, larger-than-life personality.
