If you’re wondering what Paul Coulombe’s net worth is, you’ve come to the right place. This successful entrepreneur is based in Maine and is worth $60 million. The first thing that many people notice about Coulombe is his extravagant, multi-level home in Southport, Maine, about an hour south of Portland. This home was dubbed “Madame Coulombe’s Magnum Opus” by Downeast magazine. It features a double-arched ceiling, every bedroom has a separate sitting area, a bar, and a sun porch.
Paul Coulombe’s family hails from Lewiston, Maine. His father, Roland, worked at Bates Mill’s Hill Division until 1966. His father was interested in working in Venezuela, and the family moved there. They lived in Venezuela for four years and returned to Maine when Coulombe was in high school. The family made many philanthropic donations to organizations such as the University of Maine and the St. Mary’s Regional Medical Center.
When Paul Coulombe joined White Rock Distilleries in 1971, he had zero net worth and no business experience. The company had just been started in 1937 and Coulombe’s parents bought it in 1971. After a period of rapid growth, the company was a major player in the spirits industry. Paul joined the company as a sales manager and rose through the ranks to become CEO and President. His company’s revenues grew from a million dollars to over $300 million, and he made it the third largest imported vodka in the world.
The Dodgers drafted Coulombe in the 25th round of the 2012 MLB Draft. He signed with the organization on June 15, and spent all of the next season with the AA Oklahoma City Dodgers. He was 4-2 with a 4.05 ERA in 54 games. In 2014, he was promoted to AA Chattanooga Lookouts, where he pitched in 18 games and posted a 2.57 ERA.
Paul Coulombe’s net worth is a result of his business and investments. His holdings in various companies include property development, banking, retail, and finance. He was a chairman of SM Investments, and his family owns 20 percent of the company’s SM Prime Holdings and 21 percent of Belle Corp. He also has interests in China Banking and BDO Unibank. With this, his net worth is estimated to be around $20 million.
The Maine Republican Party reports that Coulombe has given more than $160,000 to its political action committee. The organization supports GOP candidates in the legislature and opposes Democratic candidates. He also gave $375 to a Boothbay Harbor candidate. He also donated five hundred dollars to the Lincoln County Republican committee. This is a good sign for Coulombe because his net worth is estimated to increase by $300 million in the next decade.