Eric Mays had a net worth of $100 million. He made his money from investment and entrepreneurship endeavors. However, now he is no longer worth a million- in fact, he is bankrupt now!
He is a strong personality in business and politics in America. There are some stories behind how he managed his huge net worth. And, I’ll also discuss, how political turmoil led him to bankruptcy
Eric Mays Net Worth: $0
| Full name | Eric Maye |
| Gender | Male |
| Net worth | $0 |
| Source of wealth | Investment, Entrepreneurship |
| Profession | Politician |
| Birthday | September 16, 1958 |
| Birthplace | Flint |
| Age | 66 |
| Nationality | American |
| Last Update | 2024 |
Short Summary
- Eric Mays once was worth 100M now bankrupt.
- His financial situation got so severe that he had to use his city-issued laptop to pawn for a loan.
- In a public meeting, he sparked controversy with a Nazi salute.
Who Is Eric Mayes?
Eric Mays is a prominent American Businessman and politician. He is best known for helping create one of the most successful hedge funds in the United States. Eric Mays served as the First ward councilman and council president of Flint and became a candidate for the Michigan State House of Representatives, District 34, in 2014 He was also involved in several high-profile political scandals that led to his eventual downfall.
Financial Journey of Eric Mays
Eric Mays is a popular face in business, investment, and politics. He is an exceptional gen in business sectors. After completing his higher education, he involved himself in investing. With time, he individualized himself as a flourishing investor and entrepreneur in business.
He has an impact on different parts of the business. He is especially popular in the real estate and tech business. He has a major investigation in this kind of section. As he is also a politician in Flint, he must invest in that sector.
By doing all this, he is managing his finances and others. He is a strongly influential personality in the society.
Eric Mays Net Worth
Eric Mays’s estimated net worth is around $100 million. Eric Mays earned most of his money from different businesses and investments. He is also a philanthropist.
He leads a luxurious life. He has his property in different cities. He loves to join luxurious events and frequently joins this kind of event.
He has investments in different companies as well. He is a successful businessman, and Forbes, Fortune, and others also confirm this.
He’s become well-known as an expert in the tech sector. Many would-be business owners look up to Eric Mays as an example of how perseverance and initiative can pay off. He has a history of astute investing and is actively involved in guiding the careers of tomorrow’s business elite.
Career
Eric Mays embarked on his career in the early 2000s, dedicating a decade of his professional life to the realm of politics. His political journey took a significant turn in 2013 when he successfully secured a position on the Flint City Council.
The election proved to be a closely contested battle, with Anita Brown as his formidable opponent.
In a remarkable victory, Mays triumphed over Brown by a margin of eight votes, solidifying his position on the Flint City Council. For the subsequent four years, he actively served in this capacity, contributing to the governance and decision-making processes that shape the local community.
In 2025, Eric Mays set his sights on a higher political office, vying for the esteemed position of Michigan Mayor. This move indicated his aspirations for broader leadership and a commitment to making a more significant impact on the political landscape.
It’s important to note, however, that Mays’s political career has not been without controversy. During a public meeting, he stirred controversy by giving a Nazi salute to the city council leader, which was coupled with a troubling comparison to Adolf Hitler.
Such actions raise questions about his conduct and approach to public service, as they diverge from the norms of respectful and constructive political discourse.
Early Life and Biography
Eric Mays was born and raised in Flint, Michigan, USA. He is from a Christian and middle-class family. He attended some of the well-known schools in Michigan during his primary and high school years. After finishing high school, he decided to continue his education at Michigan University.
Why Eric Mays is famous as a social Philanthropist?
Eric Mays has a big impact on philanthropic work. He has different charities and companies for this kind of work. It is a notable work of him.
Though he leads a luxurious life, he is also related to this work. He loves to donate to different charities and their works. He has a different personality from the common people’s perspective. This could also be a reason behind his successful political career as well.
What is Eric Mays’s current financial status?
Eric’s current financial status is unknown. But there are rumors that his net worth is now zero. As a political personality, he has to face many legal issues.
There is news about his debt and other penalty fees. So, he has to pay all the amounts. To continue, he made a fundraiser named GoFundMe. Because of his philanthropic work, he is able to raise over $19,000. People are still supporting him for his work.
He has also thanked people for supporting him this long and also expressed his feelings that he is willing to work forward for people.
What happened to Eric Mays?
For many years, Mays held prominent positions within the Flint City Council, including the role of finance committee chair and council vice president. However, recent events have marked a dramatic turn for the seasoned council member.
One pivotal incident contributing to this upheaval took place during a public meeting where Mays made a controversial gesture towards the council’s leader, accompanied by comparisons to Adolf Hitler. As a result, the Flint City Council voted to remove Mays from his positions as finance committee chair and council vice president.
Complicating matters, Mays became involved in a physical altercation with Mayor Sheldon Neeley’s Deputy Chief of Staff at a local Flint bar. According to Mays, the confrontation escalated from verbal abuse to a physical altercation. The Michigan State Police initiated an investigation into the incident.
Mays’ legal troubles extended further as he was convicted of disorderly conduct, a charge carrying potential jail time or fines. Facing financial constraints for a legal defense, Mays resorted to crowdfunding and successfully raised over $13,000 on GoFundMe from supporters nationwide.
This is not the first instance of legal repercussions for Mays. In 2021, he was ordered to pay $35,000 in city legal fees related to an unsuccessful federal lawsuit against Mayor Sheldon Neeley and others in City Hall.
On March 10, 2023, Flint City District Court Judge Vikki Bayeh-Haley delivered a guilty verdict for disorderly conduct. Despite expressing disappointment and vehemently maintaining his innocence, Mays could face up to 90 days in jail and a fine of up to $500. The next verdict is scheduled for April 25, 2023.
Importantly, Mays’ current legal troubles are not his first brush with the legal system. Eight years ago, he served a 22-day jail sentence after being convicted of impaired driving in a case prosecuted by Gildneer. The unfolding legal saga continues to capture public interest, casting a shadow over Mays’ longstanding tenure in Flint politics.
Where is Eric Mays now?
Eric Mays presently resides in the city of Flint.
How old is Eric Mays?
Eric Mays is 66 years old as of 2024. He was born on September 16, 1958.
Controversy
In July 2023 allegations surfaced regarding his inappropriate conduct during council meetings. After that, the Council voted to suspend Eric Mays from the meeting. Before that, he lost his position as council president. Two weeks later, police removed him from the meeting in handcuffs. He was removed for a disorderly manner.
Eric Mays filed a lawsuit regarding the suspension. Ultimately, the final trials announced a 6 months probation and a $125 fine where the trial could have led to Eric behind bars for at least 3 months.
However, Eric Mays was in jail in 2013 when he was arrested for driving drunk and possessing marijuana. Eric Mays has a history of violence and chaos; in 1987, he was placed on probation after threatening a woman with a gun.
Social Presence
Final Thoughts on Eric Mays’s Net Worth
Entrepreneur, businessman, and generous donor Eric Mays made up a multimillion-dollar fortune. Through diligence and commitment to his different businesses, he has become successful. His desire to aid others is a major factor in his success in life.
Eric is a true inspiration. But his current net worth status may only inspire some, but this could be a lesson for newbies.
He may have to endure tough times and financial crises, but he is still a people’s man. He is committed to his people service. Eric Mays’s remarkable feat proves that one’s efforts are paid off generously when one puts in the time and effort required.
