Eric Mays is a well-known person in Flint, Michigan, where he has served on the city council since 2013. He is also a wealthy businessman, investor, and philanthropist, with a net worth of more than a million by 2024, as shown below.
How did he become so wealthy, and what are his sources of income? In this post, we’ll look at Eric Mays’ net worth and how he built it over time.
Early Life and Education
Eric Mays was born in 1958 in Flint, Michigan, and grew up in a low-income community. He attended Flint Northern High School, where he was a standout basketball player and student leader.
He received a scholarship to attend Kettering University, previously the General Motors Institute, where he studied industrial engineering and business administration. He earned a bachelor’s degree in 1981 and then worked as an engineer and manager for General Motors.
Eric Mays Career and Business Ventures
Eric Mays departed General Motors in 1987 to pursue his entrepreneurial endeavors. He founded Mays & Associates, a consulting firm that offered engineering and managerial services to a variety of clients, including the City of Flint.
He also engaged in real estate, purchasing and restoring homes in Flint and other locations. He broadened his portfolio to include hotels, restaurants, shopping malls, and entertainment facilities.
In 1994, he established Mays Entertainment, a media corporation that produced and distributed films, television series, music, and books.
Some of his famous projects include the Flint-based comedy series “The Mays Show”, the documentary “Flint Water Crisis: The Untold Story”, and the biographical “Eric Mays: From the Hood to the Hall”. He also started his own musical company, Mays Music, which signed and promoted local musicians like rapper MC Breed and vocalist Lakisha Jones.
In 2020, he entered the cannabis market by establishing Mays Dispensaries, a network of medicinal and recreational marijuana outlets in Michigan and other states. He also collaborated with rapper Snoop Dogg to launch Mays Dogg, a line of cannabis items and accessories.
Eric Mays Political and Philanthropic Activities
Eric Mays joined politics in 2013 by running for and winning a position on the Flint City Council, representing the first ward. He was re-elected in 2017 and 2021, making him the longest-serving councilman in Flint history.
He was noted for his loud and confrontational demeanor, frequently battling with other council members, the mayor, and the state administration. He was an outspoken champion for the Flint people, particularly during the water crisis, when he revealed the officials’ ineptitude and corruption in causing and covering up the poisoning of the city’s water supply.
Eric Mays was also a great philanthropist, donating millions of dollars to a variety of local and international causes and organizations. He founded the Mays Foundation, a non-profit organization that funds education, health, the arts, and social justice activities.
He also provided scholarships, grants, and programs for kids, teachers, and schools in Flint and elsewhere. He was active in several humanitarian and environmental programs, including delivering clean water, food, and medical supplies to disaster-stricken communities, planting trees, and supporting renewable energy.
Eric Mays Net Worth and Lifestyle
According to several sources, Eric Mays’ net worth in 2024 is expected to be around $100 million, placing him among the country’s wealthiest politicians and entertainers. His fortune stems from his numerous and profitable business operations, investments, and royalties.
He also receives $20,000 per year as a local councilman. Eric Mays lives in a magnificent property in Flint that he purchased for $1.5 million in 2015. He also owns multiple premium vehicles, including a Rolls-Royce, Bentley, and Ferrari. He travels frequently, both for business and pleasure, and has been to over 50 countries.
If you’re curious about how much money other celebrities have, check out the lists below:
- Travis Kelce Net Worth in 2024: How Much Is the NFL Star Worth?
- Peter Guber Net Worth 2024: How He Made His Money?
Follow us on Twitter to get the latest updates on the salaries of your favorite celebrities.