Age, Biography and Wiki

Michael Silvestro was born on 1958, is a CEO. Discover Michael Silvestro's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 65 years old?

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Occupation CEO
Age 65 years old
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We recommend you to check the complete list of Famous People born on . He is a member of famous CEo with the age 65 years old group.

Michael Silvestro Height, Weight & Measurements

At 65 years old, Michael Silvestro height not available right now. We will update Michael Silvestro's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

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Who Is Michael Silvestro's Wife?

His wife is Mary Lynn Silvestro

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Wife Mary Lynn Silvestro
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Michael Silvestro Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Michael Silvestro worth at the age of 65 years old? Michael Silvestro’s income source is mostly from being a successful CEo. He is from . We have estimated Michael Silvestro's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
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Source of Income CEo

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Timeline

2016

Under Silvestro, Flexjet experienced 20 percent growth in new business in 2016 compared to 2015, with 50 percent of the new business coming from customers who earlier had flown with another fractional private jet company. Moreover, business generated through referrals from existing Flexjet Owners grew 23 percent in 2016 versus 2015.

2013

In 2013, Silvestro also became CEO of Flexjet after its acquisition from Bombardier Aerospace by private aviation company Directional Aviation. Silvestro also is a shareholder of the flying companies under Directional Aviation, whose principal is Kenn Ricci, the chairman of both Flight Options and Flexjet. Silvestro currently is the longest-serving CEO in the fractional jet industry.

2012

During a period in which financing was difficult to obtain, Silvestro also pioneered innovative approaches to funding aircraft purchases, contributing to the team that assembled the Banco Nacional de Desenvolvimento Econômico e Social (BNDES) financing for the Phenom 300, which was named Corporate Jet Investor Deal of the Year in 2012.

2009

During 2009-12, Silvestro also helped modernize the Flight Options fleet with a mix of new and refurbished aircraft. In 2011, Flight Options received delivery of more business jets than any operator worldwide. These included such innovative planes as the Embraer Phenom 300 executive jet, making Flight Options the first fractional provider in the world to offer that aircraft. It also included the Nextant Aerospace 400XT, the world's first completely remanufactured business jet.

2008

Silvestro returned to Flight Options as CEO in 2008 after its acquisition by Directional Aviation, and helped to lead its recovery after the recession of 2008-09. Flight Options saw a 467 percent increase in fractional jet sales and a 46 percent increase in jet card sales during the first quarter of 2011, compared to the same period in the previous year, part of four consecutive years of improved financial results. In 2012, Flight Options saw sales increase 30 percent year over year, with a 70 percent increase in sales to owners who left a competing brand.

2005

Silvestro, who holds a private pilot's license, left Flight Options after Raytheon Travel Air's investment that ultimately led to its acquiring majority control of the company. Silvestro held a senior position with fractional provider CitationShares from 2005-08.

2000

Silvestro began his aviation career at Flight Options in 2000, which his former Notre Dame roommate Kenn Ricci had founded in 1998. Silvestro served Flight Options as Vice President of Sales and Marketing from 2000 to 2005, helping to pioneer the company's approach of selling fractional shares in refurbished as well as new aircraft. During his tenure, he helped to build Flight Options into the industry's second-ranked company, with more than 200 aircraft and several thousand fractional and jet card customers.

1984

After graduating from Notre Dame, Silvestro began his career at Owens Corning Fiberglass and then founded Spectrum Sports, a supplier of innersoles for athletic shoes. This launched a career in the footwear and sporting goods industries, where he spent 18 years. He founded several companies whose products ranged from high-technology polymer technology for athletic footwear to celebrity-endorsed, personal products. Silvestro also invented or co-invented products such as an advanced shin guard for protection in football and other contact sports that was patented in 1984.

1982

Silvestro is married to Mary Lynn Silvestro, his wife whom he married in 1982. They have four children, two sons as well as two adopted children from Rwanda. Silvestro is a member of the Board of Trustees of Ursuline College and the Achievement Centers for Children.

1979

At Notre Dame, he played football, and was only one of two non-scholarship players in his freshman class. He was coached by Daniel “Rudy” Ruettiger, the Notre Dame football player whose story inspired the movie Rudy. In 1979, Silvestro was on the Dan Devine-coached Notre Dame team that won the Cotton Bowl Classic 35-34 with a dramatic, last-second comeback led by quarterback Joe Montana.

1958

Silvestro (born 1958) grew up in Lyndhurst, Ohio, where he played football at Charles F. Brush High School, from which he graduated in 1976. Silvestro is an alumnus of the University of Notre Dame, where he earned a bachelor's degree in marketing.