David Mugar Net Worth – Boston Businessman and Philanthropist

David Mugar was an influential businessman and philanthropist who was well known in Boston. During his lifetime, he made a name for himself as a television executive and a benevolent contributor to the arts and culture.

He was a member of the Massachusetts Broadcasters Hall of Fame. He also played a key role in bringing the annual Fourth of July celebrations on the Esplanade in Boston to national attention. His company, Mugar Enterprises, Inc., invested in many regional malls. It also purchased several inns in Cape Cod.

The scion of the Armenian American family that built the Star Market supermarket chain, Mr. Mugar’s net worth is estimated to be around $600 million.

David Mugar was born on April 27, 1939. He grew up in Watertown and Belmont. He attended Babson College and Cornell University. In 1961, he graduated with a degree in food administration. He worked as a food service manager for a supermarket, before joining the television industry.

Mugar was the owner of WNEV-TV, a local CBS network affiliate, in 1982. He partnered with Don Law to own and operate the station. Eventually, Mugar and his partners sold the station to Ed Ansin.

Mugar was instrumental in the growth of the live music scene in Boston. His company was one of the largest investors in the local music industry. Despite the controversy surrounding his involvement in the fireworks show, he continued to fund it. For a period of 27 years, he was the only sponsor of the show.

When the annual fireworks display on the Esplanade became a national television event, he re-imagined the show. He introduced a fireworks display that was more exciting than the traditional ones. One of the new shows featured the Tchaikovsky’s “1812 Overture” playing with cannon fire.

The Mugar Family issued a statement to the media about the passing of David G. Mugar on January 25, 2011, and the statement stated that they would like to express their gratitude and support for the philanthropic work he has done. They also noted that they will do their best to maintain his legacy.

Mugar served as a trustee of the Boston Symphony Orchestra and the Museum of Science. He was also a board member of the WGBH Educational Foundation. He is a founder of the Boston 4 Celebrations Foundation. He has also served as a Trustee of the Fletcher School of Diplomacy.

While Mugar’s net worth is not known, he was considered to be among the richest people in the state of Massachusetts. His name is affixed to several Boston institutions, including the Mugar Memorial Library and the Mugar Life Sciences Building on Boston University.

He is also a member of the Board of Overseers of the Boston Landmarks Orchestra. Additionally, he was a member of the board of the Massachusetts Broadcasters Hall of Fame.

Despite his success, Mugar was a modest person. His closest friends were firefighters. However, he was a dedicated and hard-working man, and he gave gifts to numerous civic and cultural organizations. He donated over $250,000 to a SuperPac that was supporting Mitt Romney’s presidential campaign.