In the American construction and real estate development sectors, Joseph Jingoli is a pioneer. He is the creator and chief executive officer of Joseph Jingoli & Son, Inc., a construction company.
Founded in 1922, this multi-state, multi-award-winning firm specializes in designing and executing intricate, large-scale projects across the country.
Joseph Jingoli’s Net Worth in 2024
By 2024, Joseph Jingoli’s net worth is projected to be approximately $40 million, as per reports of 7NetWorth.
Sources of Net Worth
At Jingoli, a fifth-generation building and development enterprise established in 1922, he serves as CEO. Joseph Jingoli’s estimated net worth as of 2024 is $40 million.
In addition, he established DCO Energy LLC in 2000 and oversees The F.A.R.M. Team, a nonprofit organization that uses his family farm to provide activities for young people in recovery.
Joseph Jingoli’s Early Life
In 1950 Joseph Jingoli was born in the United States. The “University of New Hampshire” was Joseph’s place of study. He was a resident of New York City’s Chelsea neighborhood on Kingston Avenue from the middle of the 1990s to the middle of the 2000s.
On April 9, 2012, Joseph R. Jingoli Sr. passed away at Lawrenceville, New Jersey’s “St. Lawrence Rehabilitation Center.” Joseph is the younger brother of Michael and has two sisters, Stacey Jingoli Markowitz and Kimberly Jingoli Chiurco.
Joseph Jingoli’s Career
When Joseph accepted to install pipes for Atlantic Thermal Systems in the late 1980s, he began his career in construction.
In 1987, he acquired Joseph Jingoli & Son, which is currently among the top construction firms in the US, catering to customers in the electricity, healthcare, casino, and educational sectors.
The state, county, and local governments as well as the business sector use the services of Joseph Jingoli & Sons. Along with his brother Michael, he co-owns “Joseph Jingoli & Son Inc.,” the business that is responsible for the “Stockton University Gateway Project.”
In the counties of Atlantic and Cape May, Joseph is in charge of renaming the state’s drug court program to recovery court. Joseph started “D.C.O. Energy” in 2000.
It is a market leader in several industries and specializes in the design, engineering, construction, commissioning, start-up, operation, maintenance, and administration of Central Energy Centers (C.E.C.).
As “D.C.O. Energy, L.L.C.’s Chief Business Development Officer, In any company, Joseph is in charge of overall business development.
In addition, Joseph is the creator of the “Facilitating Active Recovery Mission” (commonly known as the “F.A.R.M. Team”), a group and outreach initiative that mentors the next generation of people ready to give up addiction and start over with new goals in life.
Through the company, he has started several innovative programs related to education, mentoring young people, and community outreach that have won awards and successfully assisted young people in recovering from addiction.
To carry out this enormous project, Joseph hires a group of young men in recovery to work on his formerly idle family farm in Lambertville, New Jersey, on a rotational basis.
After that, Joseph helps them launch their careers by connecting them with contacts in his network. Joseph has been a vocal advocate for causes relating to addiction.
In addition, he serves as the board chairman of Titusville Academy, president of the F.A.R.M. Team, and trustee of the Livengrin Foundation.
One of the biggest inpatient detox centers in Philadelphia, the Joseph R. Jingoli Jr. Medical Center, was inaugurated by the “Livengrin Foundation” in October 2017. Joseph was one of “Capital Health System’s” trustees.
In March 2017, Joseph Jingoli & Son teamed up with one of the most well-known companies, Hard Rock International, on the massive project, Hard Rock Hotel & Casino Atlantic City.
To acquire the former “Taj Mahal,” a magnificent 17-acre Boardwalk property in Atlantic City that bears the name of one of the Seven Wonders of the World, “Hard Rock” and its partners announced a joint venture agreement with Joseph Jingoli & Sons.
Joseph received the “Institute for Social Justice Community Builder award.” Presented with the “Anchor House Community Angel Award” is the “Jingoli-DCO.” In 2012, “Jingoli-DCO” was chosen as the “Contractor of the Year” for the region by the “Engineering News-Record” (ENR).
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Joseph Jingoli Assets & Investments
Jingoli’s investment portfolio extends beyond construction; he has engaged in various real estate ventures that have further increased his wealth.
His philanthropic efforts are also noteworthy, particularly through his nonprofit organization, The F.A.R.M. Team, which aims to support youth in recovery through agricultural activities.
Joseph Jingoli’s Car Collection
While there is no definitive information about the specific cars in Joseph Jingoli’s collection, it’s reasonable to assume that he may own vehicles from some of the luxury brands:
However, without more information about Jingoli’s preferences and lifestyle, it’s difficult to speculate further about the exact models he might own.
Focus on Business and Philanthropy
Joseph Jingoli appears to be more focused on his business ventures and philanthropic efforts than on accumulating material possessions.
He has been involved in several high-profile construction projects, such as the redevelopment of the Hard Rock Hotel & Casino in Atlantic City, and has also founded a nonprofit organization called The F.A.R.M. Team, which helps young people in recovery through agricultural activities on his family farm.
His focus remains on leading his companies, investing in real estate, and making a positive impact through his philanthropic initiatives.
Joseph Jingoli Houses
Joseph Jingoli is associated with several properties, notably including Harmony Hollow Farm, a 500-acre estate located in New Jersey.
This property is significant as it serves as the base for his nonprofit organization, The F.A.R.M. Team, which focuses on helping individuals in recovery through agricultural activities.
Harmony Hollow Farm
- Size: 500 acres
- Purpose: Used for The F.A.R.M. Team, which aids people in recovery.
- Location: New Jersey
While there are no specific details available regarding other personal residences or luxury homes owned by Jingoli, it is known that he has a connection to high-value real estate through his business ventures in construction and development.
Summary
Joseph Jingoli’s $40 million net worth is a testament to his accomplishments in the building and development sectors. It is but a small part of his larger legacy, though.
He has ensured Joseph Jingoli & Son, Inc.’s continuous relevance and impact in a cutthroat market by leading the business to new heights as CEO.
His dedication to social responsibility and charitable endeavors further set him apart as a leader who leverages power and fortune for the benefit of society.
Joseph Jingoli stands out for his charitable contributions and influential work in addition to his wealth, leaving a long-lasting legacy.
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