Joseph Burnett and Ted Burnett are Canadian billionaire brothers. They have an estimated net worth of $1.75 billion, making them some of the wealthiest people in the country. Joseph Burnett, a lawyer-turned tycoon, currently serves as the Executive Vice President of Old Line Bank and the Executive Vice President of Old Line Bancshares, Inc. Joseph Burnett has more than 46-years of banking experience specializing in commercial transactions in the Washington, D.C. metropolitan area.
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Before he started working with Old Line Bank, Joseph Burnett worked at the Farmers Bank as the Senior Vice President in Commercial Lending for 2 years. He also worked at Suburban Bank for a total of 12 years. Joseph and Ted had lied low during the 90s, only to pop up with a million-dollar charity donation. They run Burnac, their family’s private holding company that they founded in the 1940s.
Just like many other billionaires, Joseph Burnett has found himself entangled in court battles. He was involved in a 9-year court battle on tax evasion charges, which was considered to be one of the costliest and lengthiest in the country’s history. During this case, the press was quick to assess his wealth and they noted Burnett’s love for fast cars i.e. a $350,000 Ferrari Testarrossa, and fast jets, big boats and bigger homes.