While many will be familiar with Randy for his part in the automotive scene on YouTube, he was also an entrepreneur, leading fans to wonder about Randy Tillim’s earnings as a $5 billion net worth figure circulates online.
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Where did Randy Tillim’s ‘$5 billion net worth’ figure come from?
Following news of Randy Tillim’s passing, some sites have claimed his net worth to have been in the billions. Sites such as Pimiso and Showbiz Corner have estimated his fortune as $5 billion before his passing. However, this is incorrect.
As many will know, Tillim was chief executive and founder of Clarus Merchant Services, a payment processing and solutions provider. The $5 billion figure referenced by the sites appears to correlate to a past report on the company. In a 2019 Authority Presswire article, Clarus was described as processing “more than $5 billion in transactions each year”.
Other sites such as The Key Fact have reported the company has an “overall turnover” of $8 billion. This figure also appears to be related to a past report of the company’s transactions – a 2017 Business Wire press release.
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Randy Tillim’s Clarus earnings explored
Despite varying reports of revenue numbers at Clarus, Randy Tillim’s exact salary is unknown. Salary.com reports the average salary for a chief executive role is about $788,000.
As Clarus was founded in 1999, Randy has been in his role for more than 20 years. Using the Salary.com calculator, it estimates executives with more than two decades of experience could have an average salary of $850,000.
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As well as being chief executive of Clarus Merchant Services, Dexerto reports Randy Tillim also owned a number of other businesses including a company specialising in custom racing trucks and parts.
Tillim was also a familiar face in the automotive YouTube scene for his Savage Garage channel, where he was known for his love of all things supercars.
The channel launched in 2019 and, three years on, has more than 620,000 subscribers. Its videos have amassed a further 85 million views.
We send our condolences to the family and friends of Randy Tillim at this difficult time.