David Frecka is an American entrepreneur and industrialist best known for establishing Next Generation Films, Inc. This firm specializes in producing plastic films and packaging materials for use in the culinary, medical, and commercial markets, among other industries. This page concisely covers every element of David Frecka worth, age, house, wife, family and other financial statistics.
How much is David Frecka Net Worth?
David Frecka’s worth is primarily determined by the success of Next Generation Films, which has evolved into a prominent maker of elastic packaging materials.
Frecka’s net worth is closely linked to the success and growth of his firm. According to reports, Next Generation Films brought in hundreds of millions of dollars a year.
In Short, David Frecka net worth is estimated to be more than $100 million. This figure is taken after deep research and through examination of the David Frecka wealth.
Factors Contributing in Net Worth of David Frecka
There are diverse number of factors which contribute directly to his net worth. These include mainly:
- Successful Business Model
- Increased Valuation of Next Generation Films
- Investment in R&D
- Steady Growth and Expansion
- Focus on Sustainability
- Effective Leadership
- Long-term Contracts with Major Brands
- Investments (Real Estate, etc.)
Let’s take an overview of all these factors and understand the concept of “who or to what extent these factors contribute to his net worth.”
Ownership of Next Generation Films
Frecka’s income comes from his ownership part in Next Generation Films, which makes a lot of money with its flexible packaging solutions.
Frecka is Next Generation Films’ founder and CEO, with significant ownership and influence over the firm.
- Founder and CEO
- Profit Sharing
- Company Valuation
- Equity Stake
David Frecka’s profits from Next Generation Films are estimated by taking into account a number of financial performance criteria. If Frecka owns 50% of the firm, his portion of net income would be $15 million per year, provided all profits were dispersed.
Sales of Packaging Solutions
Frecka’s revenue is derived mostly from the selling of high-performance and environmentally friendly packaging solutions. The cost of packing solutions influences revenue. Expensive goods or creative ideas may fetch a higher price.
Sales of packaging solutions for Next Generation Films. Assuming that packaging solutions account for 70% of revenue, this amounts to $210 million.
Investments (Real Estate)
David Frecka’s real estate investments might significantly improve his net worth. His financial situation is frequently impacted by real estate interests, as follows:
- Rental Income
- Property Appreciation
- Real Estate Sales
Real estate can greatly increase Frecka’s net worth by providing both ongoing rental income and long-term capital gains.
David Frecka House Details
David and Brenda Frecka are building the largest home in Delaware County and the third largest in central Ohio. The 39-acre property will include seven bedrooms, 13 bathrooms, a master suite, a “scullery” kitchen, a wine tasting room, a six-car garage, girls and boys “bunk” rooms, a rooftop observatory, and a home theater. The Freckas bought the property in 2018 and are rezoning it from residential to farm residential.
David Frecka Biography
| Full Name | David Frecka |
|---|---|
| Net Worth | >$100 Million |
| Age | 72 Years |
| Biography | American entrepreneur and founder of Next Generation Films |
| Wife | Brenda |
| Family | N/A |
| Height | Not publicly disclosed. |
In Short
David Frecka, an American entrepreneur and industrialist, founded Next Generation Films, Inc., a leading maker of plastic films and packaging materials.
His net worth is believed to be more than $100 million, owing primarily to his successful business model, improved valuation of Next Generation Films, investment in R&D, consistent growth, emphasis on sustainability, strong leadership, long-term contracts with major brands, and real estate assets. Frecka’s net worth is impacted by his business ownership and real estate investments.
FAQS
Who is David Frecka?
David Frecka is an American entrepreneur and industrialist best known for establishing Next Generation Films, Inc.
What are the primary sources of income for David Frecka?
Below list shows the primary income sources of David Frecka.
- Ownership of Next Generation Films
- Sales of Packaging Solutions
- Investments (Real Estate)
Who is David Frecka Wife?
David Frecka is married to Brenda.
What is the estimated net worth of David Frecka?
David Frecka net worth is estimated to be more than $100 million.
How old is David Frecka?
As of 2024, David Frecka is 72 years old.
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