David Belford, the owner of United Furniture Industries, which abruptly dismissed all of its 2,700 employees in a single night last month, has been discreetly assisting with a wind-down of the business — with some insiders suggesting he’s trying to “save face” following the carnage.
Belford, a wealthy Ohio businessman who had gone silent for several weeks following the November 21 layoffs at furniture factories in Mississippi, North Carolina, and California, resurfaced earlier this month, telling a local business publication he is “devastated by the turn of events” and calling the situation “agonising.”
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Here’s all you need to know about David Belford:
David Belford net worth
According to The Post, Belford has two mansions worth an estimated $24 million.
Belford, currently owns a farmhouse in Mount Gilead, Ohio, which he bought in 1991 for $600,000, according to public records.
The residence is a lakeside estate with views of Straits Lake.
The five-bedroom, five-bathroom, 4,000-square-foot home is now valued $1,133,800, according to Zillow.
According to Redfin, his most valuable piece of real estate is a beachfront two-bedroom, three-bathroom property in Naples, Florida, valued an estimated $22,870,283.
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According to public records, he paid $6 million for the Florida mansion in 2011.
During the pandemic, the west coast property market in Florida has exploded, fueled by remote work and sunny weather.
David Belford age
David Belford was born in 1960. He is 62 years old.
David Belford wife
David Belford is married to Jenni Belford. Jenni Belford and David co-founded Flying Horse Farms, a camp for sick children.
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David Belford career
In Central Ohio, Belford is primarily known as a notable philanthropist. He and his wife co-founded Flying Horse Farms, which runs camps for children with life-threatening illnesses. Belford is identified as an emeritus board member, although his wife, Jenni Belford, is still a director.
Belford, who laid off thousands of employees while they slept in November 2022, claimed that he was unaware of the scale of his company’s failure.