Bling Empire: What Was Anna Shay Father Edward Shay’s Net Worth? His Business and Family

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Boss on Oct 10, 2022 - 10:23PM

After Edward Shay’s children sold their father’s stakes in the corporation, the business had a total value of $1.2 billion. The inheritance was divided equally between the man’s two children.

The third season of Bling Empire was made available to watch online on October 5, 2022. It has returned with some of the original cast members as well as some new ones, although Chèrie Chan and her husband Jessey Lee will not be participating in this season’s episodes.

Anna Shay

Quick Facts About Anna Shay

Name	Anna Shay
Age	60 years old
Mother	Ai Oizumi
Father	Edward Shay
Son	Kenny Kemp
Net Worth	$600 million

Bling Empire Anna Shay Father Edward Shay’s Net Worth

Edward Shay amassed a fortune of one billion dollars. It was only after his children sold his shares that it came to light that he had a net worth that was greater than $1.2 billion.

The current value of his daughter Anna Shay’s wealth is estimated to be $600 million. In addition to that, she has her own source of revenue, but it would appear that she is clueless about how to manage it.

The results of a lifetime’s worth of Shay’s labor have enabled him to provide a pleasant existence for his offspring. Anna went so far as to say that she was never required to work in her entire life.

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He Was The Founder Of Pacific Architects and Engineers (PAE)

Edward Shay is most well-known for being the creator of the company that bears his name, Pacific Architects and Engineers. A defense and government services contractor, it has its headquarters in the United States of America.

The corporation was established by Shay in 1955 and has its headquarters in Arlington, Virginia. From 2016 until 2018, when it was first traded on the Nasdaq, Platinum Equity was the sole owner of the company.

Following the merger that took place in February 2022 between the company and Amentum Government Services Holdings LLC, the company’s shares were removed from the Nasdaq. According to Wikipedia, the corporation had a revenue of $2.1 billion in 2016. This was achieved in 2016.

Edward Left His Fortune To His Children

Pacific Architects and Engineers, a company that specialized in military armaments and other forms of technology, was established by Anna’s father, Edward Shay. After he passed away, he made sure that Anna and her brother inherited the shares of his company.

Following the sale of the shares, the siblings distributed the proceeds among themselves.

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His Daughter Has A Wealth Of $600 Million

Anna is one of the cast members of Bling Empire who has amassed the most wealth. After buying out her father’s PAE stake, she amassed a fortune of several million dollars.

She has admitted on more than one occasion that she is at a loss with regard to how to spend the money that she earns from her part in Bling Empire. Because of this, she did not cash the checks that she had been given, which ultimately led to her getting into trouble.

She has become a celebrity as a result of her involvement on the show, and according to some sources, she is paid approximately $1,623 for each post that she makes on her Instagram account from various companies.

What Businesses Did Edward Shay Have?

Edward Shay was a defense contractor who did business with both the United Nations and the United States government. In 1955, he laid the groundwork for what would become his successful business, Pacific Architects and Engineers.

He was an engineer by trade and had worked in Japan while it was occupied by the United States. The development of real estate was the first of the company’s forays into the commercial sector in Japan.

Until 1974, Shay continued to serve as Chairman, CEO, and the sole shareholder of PAE. Then, things started to turn around when he sold forty percent of the company to an employee stock ownership plan (ESOP).

In 1988, the program resold its shares to Shay, who had originally purchased them. His son, Allen E. Shay, succeeded him as chairman and CEO of the company after his death in 1995. His father had passed away. In addition, Lockheed Martin completed the acquisition of PAE in 2006 through a cash transaction with a value of around $1.2 billion.

Sources Said PAE Had A Dark Truth

The fact that Shay’s company acted as a cover for the Phoenix Program was brought up in an NBC news report. In addition to this, they claimed that the CIA contracted Anna’s father’s company in 1964 to construct interrogation facilities in South Vietnam.

In spite of the fact that the mission’s objective was to root out communist Viet Cong operatives who were operating undercover and those who supported them, the operation’s strategy resulted in the torturing and, on occasion, the killing of Vietnamese people and others. This practice is widely regarded as the most heinous aspect of the Vietnam War.

The history of the company is still a mystery, despite the fact that it currently does business with NASA and the United Nations. Anna as well as the corporation turned down the opportunity to speak on the matter.

His Children Dissolved The Share Of PAE for $1.2 billion

In 1995, Shay lost his battle with cancer. In 1955, he established the business on his own. His many years of labor were not only beneficial to him, but also to his family. His five children, Anna, and her brother, sold his shares at a price of $1.2 billion, all of which was received in the form of cold hard cash.

Edward Shay Family

Ai Izumi, a woman of mixed Japanese and Russian ancestry, was married to Edward Shay. Anna and Allen were the two children that he had with her. He was a successful entrepreneur who established a company in the United States that operates as a defense and government services contractor under the name Pacific Architects and Engineers.

There is not much information available about him on the internet; however, he was the CEO of the corporation from 1955 until his death in 1995. He bequeathed an immense fortune to his wife and children when he passed away.

His Wife Passed Away in 2015

During the time that the Allies were occupying Japan, she met Edward when he was traveling in Japan. But this was her second marriage to a different man. She has been married before, and the first time around, she gave birth to a boy who they named Jun Ai.

In addition to that, she was a successful entrepreneur and she had lived through the Second World War. Pearls and silk flowers were among her family’s goods that were once exported. 2015 was the year that she took her last breath.

His Daughter Is A Celebrity Now

Anna had stated that throughout her whole life, she had never been required to hold a job of any kind. She was able to maintain her lavish lifestyle because to the vast riches left to her by her father.

She had never even considered putting herself in front of the camera, and this was the case even when she was featured in Bling Empire. She admitted that she was an introvert by nature.

She went as far as suggesting that the payment she earned from the production of Bling Empire should have been given to the crew member who had been keeping up with her during the shooting.

She is a well-known philanthropist despite the fact that she has not worked for a significant portion of her life. In the past, she served on the board of directors of the George Lopez Foundation, which is dedicated to raising public awareness of kidney disease and organ donation.

In addition, she has held positions at the Shay Foundation, which was established by her late parents. Education, the visual arts, the performing arts, and music are the primary foci of this organization.

His Son Had Taken Over The Company After His Demise

After his passing, the business was eventually taken up by his son, Allen E. Shay. He became the chairman and CEO of the corporation after joining it. However, he eventually parted ways with the company and sold it to Lockheed Martin in 2006 for a reported price of $1.2 billion.

Given that Anna is believed to have a fortune of $600 million, it is reasonable to assume that the cash was distributed equally among all of the siblings.