American businessman Bill Guthy has an estimated net worth of $500 million in 2012. He is known to be a co-founder of Guthy-Renker LLC, a U.S. based company that specializes in selling products through infomercials. Currently based in California, Guthy-Renker LLC also operates from its numerous offices all throughout the globe.

Today, Bill Guthy is managing one of the largest television response-driven marketing companies in the world that earns an annual sales of $1.5 billion. The company was founded in 1988 in Santa Monica, California. Currently, he serves as the co-chairman of the company.

Bill Guthy is an alumnus of Ambassador College where he initially took Theology but later switched to Psychology when the school added its course choices. He graduated in 1977. On the same year, the audiotape duplication and packaging firm which he owns was published. Currently, Guthy-Renker owns CPU and through time, it has developed into one of the largest producers of audio and video cassettes that makes use of more than 200,000 square feet of manufacturing space. Furthermore, it currently hires more than 150 employees.

Fortune Magazine included Bill Guthy on its list of  “America’s Smartest Young Entrepreneurs”. Guthy was also named as one of Inc.’s “Entrepreneurs of the Year.”