An American businessman and TV presenter named Mark Balelo had a net worth of $500,000.
Mark Balelo made his debut on the TV show “Storage Wars” in its second season.
His business involved liquidation, distribution, and wholesale operations, and he was famous for bringing up to $50,000 in assets at auctions.
“Rico Suave” was a nickname given to him because of his preference for wearing flashy attire.
There are instances where he has been unsure about his aptitude for bidding, as he has gotten excited about items that were almost unworthiness when weighed against them. He was featured in four episodes of the show in the second season and one in the third season.
From 2009 to 2012, he was the proprietor of The Game Exchange, a gaming store.
“Storage Wars” is televised by A&E and features two spin-offs, one in Texas and the other in New York.
The New York edition is scheduled to debut in January 2013.
Following his arrest on drug charges, Mark Balelo took his own life on February 11th, 2013.