{"id":631,"date":"2024-05-17T10:30:04","date_gmt":"2024-05-17T08:30:04","guid":{"rendered":"https:\/\/lama-fortune.com\/?p=631"},"modified":"2025-02-13T12:21:37","modified_gmt":"2025-02-13T11:21:37","slug":"willy-michiels-family-bingo-king","status":"publish","type":"post","link":"https:\/\/old.lama-fortune.com\/en\/famille-willy-michiels-roi-bingo\/","title":{"rendered":"Willy Michiels: Legacy of the \"King of Bingo\" with \u20ac259M Fortune"},"content":{"rendered":"

Willy Michiels<\/h2>\n\n\n\n
\"Willy<\/figure>
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The career path of Willy Michiels, nicknamed the \"King of Bingo\", is marked by a variety of activities, including distribution of caf\u00e9 games and the development of a real estate empire<\/strong>. His daughter Mieke took over the reins of the family business after the sale of their games division. online at Waterland investment company <\/a>in 2015.<\/strong><\/p>\n<\/div><\/div>\n\n\n\n

Michiels' success in the gaming industry <\/a>has enabled him to amass a substantial fortune of over 250 million euros,<\/strong> who was involved in various legal incidents<\/strong>. In particular, Michiels was involved in a case of corruption<\/strong> where he was convicted after being accused of influencing a gambling bill to favor his activities. He was suspended from his local political office following the conviction.<\/p>\n\n\n\n

\"Napelons\n\t\t\t\n\t\t\t\t\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n\n\n\n

Michiels retired from most of his management functions in his companies towards the end of his life, leaving most of his activity focused on the real estate<\/strong>. He spent his last days expanding his collection of vintage and sports cars and engaging in social activities such as the <\/strong>Zoute Grand Prix rally in Knokke<\/strong>.<\/a> He also owned a riding school and numerous properties, including the historic Moorsel castle.<\/strong><\/p>\n\n\n\n

Willy Michiels passed away in the summer of 2020. Before his death, he made his ch\u00e2teau available for an exhibition called Pikant! telling the story of lacemaking in Belgium, with a personal touch of his passion for the vintage vehicles displayed on the property.<\/p>\n\n\n\n

\"Rallye\n\t\t\t\n\t\t\t\t\n\t\t\t<\/svg>\n\t\t<\/button>
Rallye Zoute Grand Prix in Knokke<\/strong><\/figcaption><\/figure>\n\n\n\n

The Willy Michiels estate, mainly represented by the Fico real estate company, <\/strong>was inherited by his daughters Veerle and Mieke. The company manages a substantial real estate portfolio, often linked to establishments horeca<\/strong>.<\/a> Despite a depreciation in their real estate project in 2020, the sale of smaller properties in 2021 generated a significant profit. The Michiels sisters divided a considerable sum of the inheritance between them, with a notable difference in the form of payment between the two.<\/p>\n\n\n\n

Fico Portfolio Net Worth (2020)<\/th>Impairment loss (2020)<\/th>Profit from sales of goods (2021)<\/th>Payment to Filles Michiels (2021)<\/th><\/tr><\/thead>
92 million euros<\/td>8.7 million euros<\/td>56 million euros<\/td>18 million euros each<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Activities and Involvement in the Real Estate Sector:<\/strong><\/p>\n\n\n\n