W. Mark Bassett is a name that may not be familiar to everyone, but his wealth and influence are certainly noteworthy. From his early days in the wholesale auto industry to his current role as a General Authority Seventy, Bassett has made a name for himself as a successful entrepreneur, investor, and leader. In this article, we will delve into the life and net worth of W. Mark Bassett, exploring his business ventures, investments, and philanthropic activities.
We will also examine the impact he has had on the auto auction industry and society as a whole, and draw lessons from his success story. Whether you are an aspiring entrepreneur or simply curious about the lives of the wealthy and influential, this article is sure to provide valuable insights and inspiration.
Who is W. Mark Bassett?
W. Mark Bassett is a notable figure in the Church of Jesus Christ of Latter-day Saints, having been sustained as a General Authority Seventy on April 2, 2016. His journey to this position has been shaped by significant faith-defining experiences and a strong family background that nurtured his faith.
Early Life and Education
When Elder W. Mark Bassett was 15 years old, he had a faith-defining experience during a campout. An unexpected lightning storm left the only adult in the group mortally injured, forcing Elder Bassett and the other young men to take charge. The group trekked to a ranger station and sent assistance to their wounded leader.
After the rescue team had been sent, Elder Bassett gathered the other young men, and they knelt together in prayer. During the prayer, he felt peace and comfort from the Holy Ghost, even though they didn’t yet know that the injured man had passed. Elder Bassett refers to this experience as a turning point, saying that “[He] felt the Holy Ghost clearly and felt peace during a challenging time”.
Both of his parents were raised in the Church and taught their children to develop their own faith. Much of Elder Bassett’s childhood is remembered as visiting church historical sites. At the age of 19, Elder Bassett chose to serve a mission and was called to the Guatemala Guatemala City Mission. His mission was a challenging but rewarding experience for him, further strengthening his testimony and adding new facets to his faith.
Professional Career
Elder W. Mark Bassett began his professional career in the wholesale auto auction industry. After earning his bachelor’s degree in accounting from Brigham Young University in 1991, he moved back to the Sacramento area and worked as the controller at Brasher’s Sacramento Auto Auction. He then took on the role of the Chief Financial Officer and co-owner of West Coast Auto Auctions, Inc., where he was responsible for operating automobile auctions throughout California, Oregon, Nevada, and Idaho.
During his time in the auto auction industry, Elder Bassett demonstrated his ability to manage and grow a business, which likely contributed to his significant net worth. His success in this field was likely a stepping stone to his later roles within the Church of Jesus Christ of Latter-day Saints.
Business Ventures
In addition to his role in the auto auction industry, Elder Bassett has held several positions within the Church of Jesus Christ of Latter-day Saints. These include serving as a ward Young Men president, bishop, high councilor, stake president, and the president of the Arizona Mesa Mission from 2007 to 2010. At the time of his call as a General Authority Seventy, he was serving as an Assistant Director of the Missionary Department and as a member of the North America Northeast Area Presidency.
His diverse roles within the Church have likely given him a broad understanding of the organization’s operations and financial structure. This experience could have been beneficial in managing his business ventures and increasing his net worth.
Investments and Financial Holdings
While specific details about Elder W. Mark Bassett’s investments and financial holdings are not publicly available, his career in the Church and the auto auction industry suggests that he likely has substantial financial assets. His experience in managing and growing a business, combined with his roles within the Church, likely contribute to his significant net worth.
It’s also worth noting that as a member of the Church’s leadership, Elder Bassett is likely to have a salary and benefits from his role as a General Authority Seventy. However, the exact amount of these earnings is not publicly disclosed.
In conclusion, while the exact figures are not publicly available, it’s clear that Elder W. Mark Bassett’s net worth is likely significant, given his roles within the Church of Jesus Christ of Latter-day Saints and his career in the auto auction industry.
Net Worth Estimates
While the exact net worth of Elder W. Mark Bassett is not publicly available, it can be inferred from his professional career and roles within the Church of Jesus Christ of Latter-day Saints. As a General Authority Seventy, he is likely to have a significant salary and benefits from his role. Additionally, his experience in the auto auction industry, where he functioned as owner and CFO of West Coast Auto Auctions, Inc., suggests that he likely has substantial financial assets.
Sources of Income
Elder W. Mark Bassett’s primary source of income is likely his role as a General Authority Seventy in the Church of Jesus Christ of Latter-day Saints. As a member of the Church’s leadership, he is likely to receive a salary and benefits from his role.
In addition to his role in the Church, Elder Bassett has a background in the wholesale auto auction industry. During most of his professional career, he functioned as the owner and CFO of West Coast Auto Auctions, Inc., operating automobile auctions throughout California, Oregon, Nevada, and Idaho. This experience likely contributed to his financial assets and may still provide him with income.
Philanthropic Activities
While specific details about Elder W. Mark Bassett’s philanthropic activities are not publicly available, his role within the Church of Jesus Christ of Latter-day Saints suggests that he likely engages in philanthropic activities. As a religious leader, he is likely involved in charitable works within the Church and possibly in the broader community.
As a member of the Church’s leadership, Elder Bassett is likely involved in overseeing and directing the Church’s philanthropic efforts. This could include everything from local community service projects to international humanitarian aid. While the exact nature and scale of his philanthropic activities are not publicly available, his role within the Church suggests that he is likely involved in significant charitable work.
In conclusion, while the exact figures are not publicly available, it’s clear that Elder W. Mark Bassett’s net worth is likely significant, given his roles within the Church of Jesus Christ of Latter-day Saints and his career in the auto auction industry. His philanthropic activities, while not publicly detailed, are likely significant given his position within the Church.
Family and Personal Life
Elder W. Mark Bassett was born on August 14, 1966, in Carmichael, California. He is the second of five children, with both of his parents being raised in the Church.
In December 1989, Elder Bassett married Angela Brasher in the Salt Lake Temple. They have five children together and several grandchildren.
Elder Bassett’s upbringing was deeply rooted in faith, with his family often visiting church historical sites. His faith was further strengthened during his mission in Guatemala City, which added new facets to his faith.
Religious Beliefs and Affiliations
Elder W. Mark Bassett is a member of the Church of Jesus Christ of Latter-day Saints. He has served in numerous Church callings, including full-time missionary in the Guatemala Guatemala City mission, ward Young Men president, bishop, stake president, president of the Arizona Mesa Mission from 2007 to 2010, and Area Seventy.
His faith has been a source of strength for him throughout his life. He has shared that his testimony was formed through little experiences, and he has often spoken about the powerful feelings he had as a young boy when visiting church historical sites.
Awards and Recognitions
Elder W. Mark Bassett was sustained as a General Authority Seventy of The Church of Jesus Christ of Latter-day Saints on April 2, 2016.
His role as a General Authority Seventy is a significant recognition of his service and leadership within the Church. He has also served as an Assistant Director of the Missionary Department and as a member of the North America Northeast Area Presidency.
In addition to his roles within the Church, Elder Bassett has been recognized for his contributions to the wholesale auto auction industry. His time as the owner and CFO of West Coast Auto Auctions, Inc., where he operated automobile auctions throughout California, Oregon, Nevada, and Idaho, likely contributed to his professional recognition
Leadership Roles
Elder W. Mark Bassett has held numerous leadership roles within the Church of Jesus Christ of Latter-day Saints. These include serving as a full-time missionary in the Guatemala Guatemala City mission, ward Young Men president, bishop, stake president, and president of the Arizona Mesa Mission from 2007 to 2010. He was also a member of the Fifth Quorum of the Seventy before being sustained as a General Authority Seventy on April 2, 2016.
As a General Authority Seventy, Elder Bassett serves as an Assistant Executive Director of the Missionary Department and as a member of the North America Northeast Area Presidency.
Board Memberships
While specific details about Elder W. Mark Bassett’s board memberships are not publicly available, his roles within the Church of Jesus Christ of Latter-day Saints suggest that he likely serves on various boards and committees. As a member of the Church’s leadership, he is likely involved in overseeing and directing the Church’s various departments and initiatives.
Political Affiliations and Contributions
Elder W. Mark Bassett’s political affiliations and contributions are not publicly available. As a religious leader, his primary focus is likely on his roles within the Church of Jesus Christ of Latter-day Saints and his personal and professional life. While he may hold political beliefs, these are likely separate from his religious beliefs and affiliations.
In conclusion, Elder W. Mark Bassett’s leadership roles within the Church of Jesus Christ of Latter-day Saints, his likely board memberships, and his political affiliations and contributions likely contribute to his significant influence and impact.
Controversies and Legal Issues
Based on the available information, there are no public records or reports indicating any controversies or legal issues associated with Elder W. Mark Bassett. His career and public life are primarily focused on his roles within the Church of Jesus Christ of Latter-day Saints and his professional career in the auto auction industry.
Future Plans and Aspirations
As a General Authority Seventy in the Church of Jesus Christ of Latter-day Saints, Elder W. Mark Bassett is likely focused on his responsibilities within the Church. His future plans and aspirations are likely tied to his service and leadership roles within the Church.
Lessons from W. Mark Bassett’s Success
Elder W. Mark Bassett’s success can be attributed to his strong faith, dedication to service, and commitment to his roles within the Church and in the auto auction industry. His journey from serving a mission in Guatemala to being sustained as a General Authority Seventy is a testament to his dedication and perseverance.
His experience in the auto auction industry has likely provided him with valuable business and leadership skills. His ability to manage and grow a business, combined with his roles within the Church, has likely contributed to his significant success.
Elder Bassett’s teachings often draw on his personal experiences and faith journey, making them particularly impactful and relatable to his congregation. His lessons from his success can serve as inspiration for others, emphasizing the importance of faith, service, and perseverance in achieving success.
Advice for Aspiring Entrepreneurs and Investors
While specific advice from Elder W. Mark Bassett for aspiring entrepreneurs and investors is not publicly available, his journey and experiences in the auto auction industry and within the Church of Jesus Christ of Latter-day Saints can provide valuable insights.
His success in managing and growing a business in the auto auction industry likely required strategic thinking, perseverance, and a commitment to his vision. These are all qualities that aspiring entrepreneurs and investors can learn from.
In addition, his service and leadership roles within the Church of Jesus Christ of Latter-day Saints likely required him to make strategic decisions, lead teams, and manage resources effectively. These skills are transferable to the entrepreneurial and investment worlds.
Impact on the Auto Auction Industry
Elder W. Mark Bassett’s time as the owner and CFO of West Coast Auto Auctions, Inc. likely had a significant impact on the auto auction industry. His role in operating automobile auctions throughout California, Oregon, Nevada, and Idaho likely contributed to the industry’s growth and development.
His experience in managing and growing a business likely provided valuable insights and strategies that were beneficial to the industry. His leadership in the auto auction industry suggests that he likely made a positive impact on the industry’s operations and structure.
Legacy and Contributions to Society
Elder W. Mark Bassett’s legacy is likely significant, given his roles within the Church of Jesus Christ of Latter-day Saints and his career in the auto auction industry. His contributions to society can be seen in his leadership roles within the Church, where he likely contributed to the organization’s growth and development, and in the auto auction industry, where his business operations likely had a positive impact.
His teachings and sermons, which often draw on his personal experiences and faith journey, likely contribute to his legacy as a religious leader. His dedication to service, both within the Church and in the auto auction industry, also likely contributes to his legacy.
In conclusion, Elder W. Mark Bassett’s legacy and contributions to society are likely significant, given his roles within the Church of Jesus Christ of Latter-day Saints and his career in the auto auction industry. His advice for aspiring entrepreneurs and investors, while not publicly available, is likely based on his own experiences and successes.
After returning from his mission, he became reacquainted with Angela Brasher, and the two began dating before he left to attend Brigham Young University. A two-year long-distance relationship followed until they were finally married on December 20, 1989, in the Salt Lake Temple. Their family continues to grow and now includes five children and several grandchildren.
In terms of his education, Elder Bassett holds a degree from Brigham Young University. His academic achievements, combined with his faith-filled upbringing and missionary service, have undoubtedly contributed to his success in the Church.
Career and Contributions
Elder W. Mark Bassett’s career in the Church has been marked by significant contributions. His sermons and speeches, such as “After the Fourth Day” churchofjesuschrist.org, have provided insightful commentary on faith, resilience, and the power of the Holy Ghost. His teachings often draw on his personal experiences and faith journey, making them particularly impactful and relatable to his congregation.
In conclusion, W. Mark Bassett’s net worth, while not publicly disclosed, is likely significant given his role as a General Authority Seventy in the Church of Jesus Christ of Latter-day Saints. His career has been marked by faith, education, and service to the Church, contributing to his status as a respected religious leader. You should read another article i wrote about >>>> W. Craig Jelinek Net Worth: A Look at the CEO of Costco’s Wealth Today to learn more.
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