The most credible publicly documented estimate for Gary M. Kusin's net worth sits in the range of roughly $941,000 to $2.56 million, based entirely on reported insider stock holdings filed with the SEC. A small number of informal sites push the figure much higher, citing $25 million to $30 million, but those numbers lack transparent sourcing. If you need a figure to work with today, the SEC-derived range from GuruFocus and Benzinga is the one grounded in actual filings, and it reflects publicly reported shares only, not his full private wealth. You can also look up recent reporting on Morgan Ketzner net worth to compare how other executives’ private wealth is estimated.
Gary M. Kusin Net Worth: Estimated Range and Sources
Marcus Rothstein
14 Jun 2026
Who Gary M. Kusin actually is
Before trusting any net worth number, it is worth confirming you have the right person. Gary M. blank" rel="noopener noreferrer">Kusin was born in 1951 in Texarkana, Texas. He is an American entrepreneur best known for co-founding Babbage's in 1984 in Dallas, Texas, alongside James McCurry. Both were Harvard Business School graduates. Babbage's was a software and video game retailer that eventually evolved into GameStop, which makes Kusin one of the indirect founding figures behind one of the most-discussed retail chains in recent financial history.
Beyond Babbage's, Kusin served as CEO and President of FedEx Kinko's from 2001 to 2006, overseeing the integration of Kinko's into the FedEx brand. He has also held board positions at Electronic Arts (since 1995), RadioShack (2004 to 2005), Sabre Corp, and Fossil Group. His SEC CIK number is 0001193849, which you can use to pull his exact filings on EDGAR. He is also listed as a registered agent for "Kusin & Kusin, Ltd" in Texas, with an address on record at 4717 Wildwood, Dallas, TX 75209. Do not confuse him with other individuals sharing the Kusin surname or with unrelated Gary M. figures in business records.
The net worth range and most credible estimate
Two sources with documented, traceable methodology are GuruFocus and Benzinga. GuruFocus, as of March 14, 2026, estimated his net worth at "at least $941,111," based on insider holdings derived from Form 4 filings. Benzinga recalculated its figure on May 9, 2026, arriving at $2. Benzinga’s insider-trades page for Kusin shows the “Estimate Recalculated May 9, 2026” figure and attributes it to reported shares across multiple companies Benzinga recalculated its figure on May 9, 2026, arriving at $2.. 56 million, also based on reported shares across multiple public companies. These two estimates are the most current and the most anchored to primary source data available publicly.
| Source | Estimate | Last Updated | Methodology |
|---|---|---|---|
| GuruFocus | At least $941,111 | March 14, 2026 | Form 4 insider filings (SEC) |
| Benzinga | $2.56 million | May 9, 2026 | Reported shares, multiple companies (SEC) |
| WealthyPersons | $30 million | September 2021 | Unspecified / informal |
| Luxlux | $25 million | Unspecified | Unspecified / informal |
The gap between the SEC-derived figures and the informal estimates is significant. The $25 million to $30 million figures from WealthyPersons and Luxlux are typical of celebrity net worth style sites that blend speculation, career earnings projections, and unverified data. They may factor in his career arc at FedEx Kinko's and early GameStop origins, but neither site discloses a methodology tied to filings, tax records, or verifiable asset documentation. Treat them as rough proxies at best.
How these estimates are actually calculated
Net worth is, in principle, straightforward: total assets minus total liabilities. For private individuals like Kusin who are not required to publicly disclose full financial statements, researchers rely on the signals they can find. For someone with a history of public company board roles, SEC insider filings are the most reliable primary source. When Kusin served on the boards of Electronic Arts, RadioShack, Sabre Corp, Fossil Group, and FedEx Corp, he was required to file Form 4 reports with the SEC whenever he bought or sold shares. Those filings are public record.
GuruFocus explicitly states its estimate is based on "final shares held" derived from open market purchases and sales recorded in Form 4 filings, and it notes no further transactions have been recorded after August 16, 2011 for its holdings tracking. Critically, it also flags that the estimate does not incorporate 13F or 13D/G filings, which would capture larger institutional or significant ownership stakes. This means the GuruFocus figure almost certainly understates total holdings. Benzinga's $2.56 million figure uses reported shares across FedEx Corp, RadioShack, Fossil Inc, Sabre Corp, and Electronic Arts, which gives it slightly broader coverage but is still limited to disclosed public company equity.
Income sources and business interests behind the estimate
Kusin's financial profile has several likely income and asset streams, even if most are not publicly quantified. His board compensation at Electronic Arts, Sabre Corp, Fossil Group, and RadioShack would have included cash retainers and equity grants. Directors at S&P 500-level companies routinely receive total annual compensation packages ranging from $150,000 to $400,000 or more per year, a significant portion of which is often in restricted stock or stock options that would show up in Form 4 filings over time.
His role as CEO and President of FedEx Kinko's from 2001 to 2006 would have come with executive compensation typical of a major U.S. corporation, though the exact figures from that period are not publicly itemized in the research available. His co-founding of Babbage's in 1984 and its eventual path toward becoming GameStop is perhaps the most significant potential wealth event, though the exact nature and timing of any equity stake or exit proceeds from that founding role are not publicly documented in detail. The private entity "Kusin & Kusin, Ltd" in Texas is a registered business, but its revenue, structure, and asset value are not part of any public filing.
Assets and holdings worth checking
GuruFocus breaks down his known insider holdings with current valuations. As of its most recent data, Electronic Arts shares are valued at approximately $911,324 (4,574 shares), Fossil Group shares at $29,217 (6,151 shares), and RS Legacy (RadioShack successor entity) shares at $570 (30,000 shares). These are the documented public equity holdings, and they account for the bulk of the GuruFocus estimate.
Beyond those stock holdings, there are several asset categories worth investigating if you are doing deeper research. Kusin's Dallas-area address (4717 Wildwood, Dallas, TX 75209) is in a high-value residential area, so real property holdings could represent meaningful net worth. His Sabre Corp Form 4 filings listed a Southlake, TX business address, which is another affluent Dallas-Fort Worth suburb. Texas property records are public and searchable through county appraisal district websites. Private business interests through Kusin & Kusin, Ltd in Texas would require state business entity filings to investigate further.
Liabilities, risks, and why estimates vary so much
The most obvious reason the estimates vary so widely is that only a narrow slice of any private individual's financial life is visible to the public. SEC Form 4 filings capture insider transactions in specific public companies, but they do not capture private investments, real estate mortgages, business debts, personal loans, or any holdings in private equity, hedge funds, or family offices. If Kusin holds significant private assets, they simply will not appear in these estimates.
- SEC Form 4 filings only capture stock transactions in companies where Kusin had a reportable insider relationship, not his full investment portfolio.
- The GuruFocus estimate notes no tracked transactions after August 2011, meaning share price changes since then are factored in but new private transactions would not be.
- The $30 million and $25 million informal estimates include no disclosed methodology, making them impossible to verify or challenge.
- Real estate holdings, private business stakes, and deferred compensation from executive roles are entirely absent from the SEC-derived figures.
- Liabilities such as mortgages, business loans, or tax obligations are not captured in any publicly available source.
The practical takeaway is that the SEC-derived figures ($941,000 to $2.56 million) are a floor based on known public equity, not a ceiling. His total net worth could be substantially higher if private assets and undisclosed investments are significant. If you are specifically looking for the alex meshkin net worth claim, use the same SEC-based approach and treat any non-filing numbers with caution. The informal $25 million to $30 million figures are speculative upper-range guesses that account for career trajectory but lack primary-source backing. Some estimates even claim a much higher mel karmazin net worth, but they are usually based on speculation rather than filings $25 million to $30 million.
How to verify or update this figure yourself
If you want to do your own due diligence or check for updates since this article was written, here are the most effective steps to take. If you are specifically looking for Kedar Massenburg net worth, you can apply the same approach: prioritize verifiable filings and documented holdings before relying on speculative site claims.
- Go to SEC EDGAR (sec.gov/cgi-bin/browse-edgar) and search for CIK 0001193849. This pulls all of Gary M. Kusin's filed documents directly from the source. Look for the most recent Form 4 filings to see current insider transactions.
- Cross-check with SECinfo.com, which aggregates EDGAR filings and shows Kusin's most recent Sabre Corp Form 4 activity dated March 15, 2021, giving you a timeline of when insider activity last appeared.
- Search the GuruFocus insider trades page for Gary M. Kusin to see an updated valuation based on the most recent share prices applied to his reported holdings.
- Check Benzinga's SEC insider trades section for Gary M. Kusin (linked to CIK 0001193849) for their most recently recalculated figure, which was updated as recently as May 9, 2026.
- Search the Dallas Central Appraisal District (DCAD.org) and Tarrant Appraisal District (TAD.org) for property records associated with the Wildwood, Dallas and Southlake, TX addresses to estimate real estate holdings.
- Search the Texas Secretary of State business entity database (search.sos.state.tx.us) for "Kusin & Kusin, Ltd" to find filing history, registered agent updates, and any associated documents.
- If you are researching for professional purposes, LexisNexis and Bloomberg Terminal provide deeper cross-referenced financial profiles that aggregate court records, property filings, and corporate ownership data.
For context, similar research challenges come up when documenting the net worth of other business-focused executives and entrepreneurs whose wealth is largely private. The principle is the same: start with SEC filings for any public company involvement, then layer in property records and business entity filings to build a more complete picture. A reader can also compare these SEC-driven estimates to discussions about Kentaro Miura net worth to see how different sources handle private wealth.
The most honest number you can give right now for Gary M. You can also look up Murakami net worth figures from reputable financial reporting sources to compare how others estimate private wealth. Kusin is "at least $1 to $2. 5 million in documented public equity holdings, with total net worth likely higher and unverified in public records.
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FAQ
Why do SEC-based net worth estimates look low compared with celebrity-style sites for Gary M. Kusin?
No. The figures discussed are based on disclosed insider equity holdings from SEC filings, which track certain public-company share positions. They do not capture private stock, private partnerships, real estate liens and mortgages, trust arrangements, or non-equity assets, so the SEC-based range is best treated as a minimum anchored to filings, not a complete balance sheet.
How can I verify the SEC-derived share totals myself for Gary M. Kusin?
Start with his SEC CIK (0001193849) and pull the relevant Form 4 filings on EDGAR. Then list the specific tickers tied to those filings (the companies where he served as a director or insider), confirm whether they show buys and sells, and calculate the latest “shares held” using the most recent valuation date you choose. Be cautious about dates with no activity, because the holdings may still exist even if the last transaction is older.
What does it mean when an estimate says it does not use 13F or 13D/G filings, and how does that affect Kusin’s net worth?
You should not. If GuruFocus explicitly notes it is not incorporating 13F or 13D/G style reporting, then any estimate derived from those constraints can miss larger institutional or controlling positions that would show up in other SEC forms. For accuracy, use disclosures that match the holding type (insider Form 4 for direct trades, 13F/13D for different reporting contexts), and do not mix apples and oranges.
Why might the ticker or company name in an estimate not match what I expect when valuing Kusin’s holdings?
Check for changes in corporate structure and ticker naming, especially for older or acquired companies. The article notes RS Legacy as a RadioShack successor entity in the GuruFocus breakdown, which is a good example of why you must map historical holdings to the current issuer or survivorship entity before valuing them.
What common mistake leads people to miscalculate net worth from Form 4 filings?
Yes, and it can materially change the “shares held” picture. SEC Form 4 reporting can show option exercises, share sales, transfers, and conversions that affect share count differently than simple purchases. When reviewing holdings, focus on the security type and transaction code (for example, exercise versus sale), because the net effect on shares can be easy to misread.
How should I approach checking real estate as part of Gary M. Kusin net worth research?
Real property records are not limited by SEC disclosure, but the key is matching the correct individual and spelling variations, and then checking whether the property is owned outright or subject to mortgages and liens. Also, “address listed” in filings does not prove ownership, it only indicates contact information or business location, so confirm ownership through county assessor or title record systems.
How can I use the $25M to $30M style estimates without getting misled?
At minimum, treat unverified “career earnings” style numbers as non-actionable until tied to evidence. A practical approach is to cap your “base” at SEC-confirmed public holdings, then separately model plausible private wealth drivers only when you can point to ownership evidence (for example, identifiable equity stakes, transaction records, or documented transactions).
Why do net worth numbers change over time even when the share count looks similar?
Because “net worth” is a snapshot concept, the valuation depends on the date used to price the shares. If different sources use different market dates, you can see large swings even with the same reported share counts. For consistency, select one valuation date (or latest close) and re-price all known holdings yourself.
Could SEC-based estimates miss additional public-company holdings for Gary M. Kusin, even if they use Form 4?
Yes. The research discussed is only as accurate as the set of companies where he was reported as an insider and the share types disclosed. If there were additional public-company relationships not reflected in the tracked companies, or if some holdings were held through vehicles not captured in Form 4, estimates will be incomplete. Re-check the list of tickers tied to his board roles over time rather than relying on a single summary page.
What is the best way to produce a more reliable net worth range than any one website estimate?
If you want an updated, decision-ready range, combine (1) the SEC-derived share counts you can trace to specific Form 4s, (2) a consistent valuation date for current price, and (3) a separate note for non-public assets you cannot verify. Then present the result as “documented public equity minimum” plus “likely higher due to private holdings,” rather than treating any single number as the full answer.
