The Siegels are back.
David and Jackie Siegel, last seen in the Documentary “The Queen of Versailles,” are the first guests in a new CNBC program, “Secret Lives of the Super Rich,” premiering September 25 at 9 p.m.
Even in a show dedicated to conspicuous consumption, the Siegels are special. When last seen, the Siegel empire was in disarray and their Orlando-area mansion — designed to resemble Versailles — was in foreclosure.
But at least the Siegel economy has rebounded. David Siegel’s Westgate Resorts time share company is recording record profits, he says. Now he’s repurchased the manse from the bank and has resumed construction.
How big is the place? It has 13 bedrooms, 30 bathrooms, 11 kitchens and a 20-car garage. It is so big that at one point in the tour, Jackie Siegel gets lost and doesn’t know what room she’s in.
“Nobody needs a house like that,” David says. He is right, of course.
While business is good, the family is cutting back. It is chartering out the two jets it owns and flying commercial some of the time.
To help support the family, Jackie wants to go back to work. Sort of. She hopes to land her own reality show — though there’s nothing real about her life.