Bill Duker Net Worth, Bio, Business, Yacht, and Career
Bill Duker is a former lawyer and successful businessman known for his ventures in the software industry and his controversial legal career.
Real Name/Full Name | William F. Duker |
Nick Name | Bill Duker |
Age | 69 |
Birth Place | New York City, USA |
Height | 5 feet 6 inches |
Weight | 78kg |
Wife | Sharon |
Net Worth | Estimated $300 Million |
Early Life and Education
Born in 1956 in New York City, Duker graduated from Columbia University in 1978 with a Bachelor of Arts in political science. He then attended Yale Law School, where he earned his Juris Doctor degree in 1981. Early in his career, he worked for prestigious law firms and even clerked for a Federal appellate judge.
Bill Duker Family
Duker is also known for his philanthropic efforts and interests in contemporary art and sailing. He is married to Sharon, and they have three children. Their custom-built yacht, Sybaris, won the Sailing Yacht of the Year award in 2017, reflecting his passion for sailing.
Bill Duker’s Net Worth
Bill Duker’s net worth is estimated to be between $300 million and $450 million as of 2024. This wealth stems from various business ventures, including his software company, Rational Enterprise, and significant investments in real estate and yachting.
These steps reflect a strategic approach to overcoming the challenges posed by his criminal record and rebuilding his career after prison.
Bill Duker Earnings
Duker’s yearly earnings are reported to be around $15 million, which translates to a monthly income of approximately $1.2 million and a daily income of about $41,000 His income reflects his successful business operations and investments in multiple sectors, including software and real estate.
Duker has made substantial profits from real estate, owning high-value properties such as:
- A three-floor penthouse in Miami Beach, purchased for $17 million and currently listed for $65 million.
- A penthouse in TriBeCa, Manhattan, bought for around $30 million, now listed at $48 million.
- A mansion in Palm Beach, acquired for $20 million, featuring luxurious amenities.
- A villa in Tuscany, Italy, purchased for $15 million, showcasing his diverse real estate portfolio.
Legal Career and Controversy
Duker’s legal career took a significant turn in the late 1990s when he was involved in a scandal concerning overbilling the federal government for his legal services related to the Resolution Trust Corporation (RTC). He was accused of defrauding the government of approximately $1.4 million, leading to a conviction for multiple felonies, including mail fraud and providing false information.
The outcome of Bill Duker’s legal case resulted in a prison sentence of 33 months for overbilling the federal government. He was convicted of multiple felonies, including mail fraud and providing false information. Despite his previous success in recovering hundreds of millions of dollars for the government, the judge, Sonia Sotomayor, emphasized the severity of his actions and the deceit involved in his billing practices. Duker’s defense sought a non-traditional sentence, but the court ultimately decided on imprisonment due to the gravity of the offenses and his attempts to conceal his wrongdoing.
The case underscored the delicate balance between legal achievements and ethical misconduct, shedding light on the repercussions of fraudulent practices even within successful legal careers.
Bill Duker Rebuilding His Fortune
After serving his prison sentence, Duker transitioned into the business world, founding Rational Enterprise in 2002, a software company specializing in information governance and compliance solutions. Under his leadership, the company has grown and secured high-profile clients such as Microsoft and Pfizer.
Transition to Business:
Duker shifted his focus from law to business by founding Rational Enterprise in 2002, a software company that specializes in information governance and compliance solutions. This marked a significant career change, allowing him to leverage his expertise in a different field.
Real Estate Ventures
Duker is known for his luxury real estate investments, particularly highlighted by his ownership of a three-floor penthouse in Miami Beach. He purchased this property in 2008 for approximately $17 million and has listed it for $65 million, aiming to set a record for residential sales in the area. The penthouse spans 8,271 square feet of interior space and boasts over 13,149 square feet of outdoor space, featuring amenities like a glass-enclosed spiral staircase, an outdoor pool, and stunning views of the ocean and Miami skyline. The property has been extensively renovated, reflecting Duker’s taste for luxury and modern design.
Bill Duker Yacht Business
In addition to real estate, Duker is also involved in the yacht industry. He owns the custom superyacht Sybaris, which measures 230 feet and was designed to reflect his personal style and preferences. The yacht is noted for its impressive design and construction process, showcasing Duker’s commitment to quality and luxury.
A 70-meter sailing yacht valued at around $100 million. This yacht is recognized for its luxury and engineering excellence, further contributing to his status as a prominent figure in both the business and yachting communities.
He has also owned other yachts, including a 52-meter Feadship named Rasselas and a 32-meter sailing yacht called Shanakee.
Duker’s ventures in both real estate and yachting illustrate his successful transition from law to business, highlighting his ability to leverage his past experiences into profitable new endeavors.
Rational Enterprise
Bill Duker transitioned into the software business by founding Rational Enterprise, where he serves as the Managing Director of Marketing. Duker focuses on marketing and business development, contributing to the growth of Rational Enterprise since its establishment in 2002.
Rational Enterprise is based in Albany, New York, and employs around 75 people. The firm has built a reputation for providing innovative software solutions tailored to meet the needs of various industries.