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Craig Dobbin Net Worth (In 2022: Can You Guess)

Looking for Craig Dobbin’s Net Worth?

How much is Craig Dobbin’s worth right now?

What should you know?

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Craig Dobbin Net Worth

Craig Dobbin was the chairman and Chief Executive Officer of CHC Helicopter until his death on October 7, 2006.

During his career, Dobbin amassed great wealth as the CEO of CHC Helicopter.

As of the moment of his death, he was estimated to have a net worth of approximately $350 million.

In fact, following his death in 2006, CHC Helicopter Corp. which provided flight services to the oil and gas sector was sold to a private equity firm butting the total value of the company at $3.7 billion.

The estate of Dobbin owned 14% of the CHC Class A shares and 95% of the Class B Shares and 100% of its ordinary shares.

The shareholders of Class A and Class B shares received a total payout of $1.5 billion, giving the estate of Dobbin a payment of $210 million.

Keep reading as I will further break down Craig Dobbin’s net worth and how he earned it.

Net Worth$350,000,000
DOBSep 13, 1935
Born InCanada
ProfessionEntrepreneur

Who Is Craig Dobbin

Craig Dobbin was the former chairman and CEO of CHC Helicopter Corporation, a public company that was traded on the New York Stock Exchange and the Toronto Stock Exchange.

Dobbin was born in St-John’s Newfoundland on September 13, 1935.

He studied at Saint Bonaventure College in St-John’s.

Dobbin was a business-minded person and got into different business ventures.

At first, he worked for P.J. Dobbin Lumber and Building Supplies.

Following that, he got into short-haul trucking ventures.

He then tried underwater salvage operations.

He then got into real estate speculation.

And finally, he established Sealand Helicopters in 1977 which eventually merged with other companies to become CHC Helicopter Corporation.

Dobbin was a great businessman and was able to generate great wealth through his ownership of the CHC Helicopter Corp shares.

Craig Dobbin Career

The highlight of Dobbin’s career was his role as the chairman and CEO of CHC Helicopter for many years.

He first established the company Sealand Helicopters in 1977.

About 11 years later, in 1988, Sealand Helicopters merged with Toronto Helicopters and Okanagan Helicopters to form CHC Helicopters Corp.

In 1999, CHC Helicopter Corp took control over Helikopter Services Group ASA of Norway making CHC Helicopter the largest helicopter transportation service in the world.

Due to CHC Helicopters’ great success, Craig Dobbin’s shares have tremendously increased in value over time.

As of the moment of his death in 2006, he was estimated to have a net worth of $350 million.

Craig Dobbin Achievements

Craig Dobbin was a successful entrepreneur and a celebrated person within the business community.

Here are certain of Dobbin’s achievements during his lifetime:

  • Received the “Médaille de l’Aéronautique” from the French government in 1990
  • Received the Honorary Doctor of Science from Saint Mary’s University in 1992
  • Was appointed as Officer of the Order of Canada in 1992
  • Received the Honorary Doctor of Laws from the National University of Ireland in 1996
  • Was appointed as the Outstanding Individual Philanthropist for the year by the Canadian Society of Fundraising Executives
  • Was named Newfoundland’s Transportation Person of the Year
  • Was named the National Transportation Person of the Year
  • Received the honor of Newfoundland’s Businessman of the Millenium in 2000
  • Received an Honorary Doctor of Law from the Memorial University of Newfoundland in 2000
  • Was named the Atlantic Canada Entrepreneur of the Year

As you can see, Dobbin was a highly decorated businessperson.

Real Estate Properties

In 2015, about 9 years after his death, Dobbin’s widow Elaine Dobbin, put a 7,500 square-foot home in Redington Beach for sale on the Gulf of Mexico listed at $7.9 million.

At that price, the property was one of the most expensive homes on the market in Pinellas County.

The property was built in 2002 and had 120 feet of beach frontage.

Dobbin had bought the lot in 2001 for $1.4 million and built the property the following year.

As of 2015, the property taxes amounted to $63,000 per year.

As you can see, only individuals with a great fortune can afford to purchase this type of luxury home by the beach.

Takeaways 

So there you have it folks!

Craig Lawrence Dobbin was a well-known businessman who was the chairman and CEO of CHC Helicopter Corporation.

During the course of his very successful career, Dobbin was able to amass a significant fortune allowing him to live the life of the rich and wealthy.

At the time of his death, his net worth, primarily his shares in CHC Helicopter Corp, represented approximately $350 million.

His shares were transferred to his estate who ultimately owned 14% of the CHC Class A shares and 95% of the Class B Shares and 100% of its ordinary shares.

In the context of a buyout by a private equity firm, CHC shareholders received a total of $1.5 billion payout representing approximately $210 million for Dobbin’s estate.

Now that you know how much Craig Dobbin was worth, good luck with your research!

Editorial Staffhttps://wealthy.zone
Hello Nation! My name is Amir and I'm the founder of this blog. I started this blog as I love writing about fun, entertaining, motivating, and inspiring things. I'm looking forward to having you regularly visit this site! Stay strong, stay positive, have fun, and enjoy life to its fullest!
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