The star of the new Discovery Channel show 'Undercover Billionaire' is indeed a real businessman—but Forbes pegs his net worth at nowhere near one billion dollars
n Tuesdays at 10 pm, Glenn Stearns graces television screens across the U.S. from the streets of Erie, Pennsylvania. Stearns, as the star of the new Discovery Channel show, “Undercover Billionaire,” is
with turning $100 into a million-dollar company in 90 days, aided only by a cell phone and a pickup truck. The first of eight episodes aired on August 6.Stearns is a billionaire — doesn’t hold up. Based on a review of Stearns’ properties and his stake in Stearns Holdings, the California-based private mortgage lender he founded,estimates his net worth at around $500 million. That’s a far cry from the $1 billion claimed by the show’s title.in an email that “Mr.
featured on his personal website. The page details a rags-to-riches story that took Stearns from a life surrounded by drug abuse and alcoholism in the suburbs of Washington, D.C. to the dizzying heights of “owning a Montana ranch with John Elway and a private Caribbean island with Sir Richard Branson.
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