Lorne Abony Net Worth is$300 Million
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Date of Birth: 1969-08-26

Country: Toronto

Lorne Abony net worth: Lorne Abony is a Canadian businessman who has a net worth of $300 million dollars. Lorne Abony was born in Toronto, Ontario, Canada, and graduated from the University of Windsor with a law degree in the mid-90s. He began his law career with a job with Aird & Berlis, a law firm in Toronto. After two years as a lawyer, he decided to shift his focus to entertainment and technology. Since then, he has launched multiple successful companies. He founded the online pet supply company, Paw.net, in 1998. The company grew substantially, and he eventually sold it to Petco. It is now called Petopia. In 2002, he co-founded Columbia Exchange Systems Software PLC. The company was later renamed FUN Technologies. He became its CEO and primary owner, and eventually sold the company for approximately $500 million Canadian dollars. He is the current CEO and Chairman of Mood Media Corporation. The company provides in-store media to a number of major companies, including Nike, Hilton Hotels, and H&M.
Lorne Abony (born August 26, 1969) is a Canadian businessman and the CEO of Mood Media Corporation, a public company listed on the Toronto Stock Exchange and the London Stock Exchange. Abony has also been instrumental in the founding of a number other media ventures. He co-founded FUN Technologies in 2001 and in 2004 as CEO of FUN became the youngest CEO of a listed company on the Toronto Stock Exchange (TSX). Additionally, Abony is an accomplished tennis player and member of the Competition Committee of the Association of Tennis Professionals (ATP).
Abony was born and raised in Toronto. After graduating from the University of Windsor law school in 1994, Abony practiced corporate and securities law at the Toronto firm Aird & Berlis. Abony left the law profession in 1996 to embark on an entrepreneurial career. In his role as CEO and founder of a number of successful ventures, Abony has raised over C$1.3 billion through the public and private debt and equity markets, including over $100 million for Petopia.com, $190 million for FUN Technologies and over $820 million for Mood Media.
Abony is currently CEO and Chairman of the Board of Mood Media Corporation ("Mood Media"). Mood Media provides in-store media to over 575,000 locations worldwide, including clients such as McDonald's, Gucci, H&M, Abercrombie & Fitch, Nike, Hilton Hotel and AT&T. Mood Media has offices in 48 countries employs over 2,700 employees and plays over 115 million songs and 10 million on-hold and on-premise messages daily. In 2011 Mood Media was named Canada's fastest growing company by Profit. Mood Media currently has an market cap value of approximately $176 million.
In 2002, Abony co-founded Columbia Exchange Systems Software PLC with Andrew Rivkin after the two raised C$1.8 million from initial investors.[dead link] Later renamed FUN Technologies, Abony became the company's CEO and the largest individual shareholder. In 2003, FUN completed an IPO on the London Stock Exchange raising ove

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Lorne Abony Latest News

Fastforward Innovations Limited ORD 1P (

FFWD CEO Lorne Abony commented: "In March, when this new solution was first unveiled, Schoold forecasted it would sign its first Mobile Mentorship client by summer 2017. The ahead-of-schedule signing of two such contracts is a signal of strong market ...
Posted: June 22, 2017, 12:05 pm

Mood Media CEO goes incognito for CBS

Climbing the company ladder intimidated Lorne Abony, the CEO of Mood Media. No, not the journey to the executive suite, but a literal climb during Abony’s stint as an anonymous employee as part of the CBS show Undercover Boss. Mood Media has a ...
Posted: December 27, 2012, 10:28 pm

Toronto tech tycoon’s N.B. mansion on Lake Utopia remains unsold

Lorne Abony’s mammoth Utopia, N.B., mansion has been on the market for nearly two years, and comes with a hefty price tag: $9.65 million. “You have to see it to believe it,” said Fredericton-based realtor Scott MacTavish, who has been working to sell ...
Posted: November 29, 2016, 5:56 pm

'Undercover Boss': Mood Media CEO Lorne Abony Reunites With Estranged Father

It's often what's going on in the background that really matters. Few people are as well-equipped to embrace that philosophy as Lorne Abony, the CEO of Mood Media Corporation of Ontario, Canada, a global company that provides in-store services for retail ...
Posted: January 7, 2013, 3:21 am

Toronto technology entrepreneur’s New Brunswick mansion still up for sale

Lorne Abony’s mammoth Utopia, N.B., mansion has been on the market for nearly two years, and comes with a hefty price tag: $9.65 million. “You have to see it to believe it,” said Fredericton-based realtor Scott MacTavish, who has been working to sell ...
Posted: November 30, 2016, 1:58 pm
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