| Quick Fact | Detail |
|---|---|
| Full Name | Charles H. Gamarekian Sr. |
| Age | Not publicly confirmed |
| Birthplace | Not publicly confirmed |
| Nationality | American |
| Profession | Founder, Chairman & CEO, Cambridge Pavers Inc. |
| Known For | Founding Cambridge Pavers (1995); ArmorTec paving technology |
| Estimated Net Worth | $5 million–$10 million (estimate; not officially confirmed) |
| Marital Status | Not publicly confirmed |
TL;DR: Charles Gamarekian is the founder, Chairman, and CEO of Cambridge Pavers Inc., the New Jersey paving-stone manufacturer. No official net worth figure exists; based on the company’s estimated $28M revenue and ~$89.6M valuation, his personal wealth is estimated at $5 million to $10 million.
Charles Gamarekian’s net worth is estimated at $5 million to $10 million. This is a reasoned estimate — not an officially confirmed figure — derived from the estimated $28 million revenue and ~$89.6 million valuation of his privately held company, Cambridge Pavers Inc., which he founded in 1995.
How Much Is Charles Gamarekian Worth?
No official or reliably documented net worth figure exists for Charles Gamarekian. Based on the estimated value of his privately held company, a reasonable estimate of his personal wealth falls in the $5 million to $10 million range. This is an estimate derived from company revenue and valuation data — not a reported fact — and it should be treated as such.
To be direct about the evidence: one low-quality blog claims approximately $7 million, while another AI-generated page (which confusingly describes him as a photographer) suggests $1–$5 million. Neither is authoritative. What is verifiable is the business he built, and that is where any honest wealth estimate must start.
The Business Behind the Estimate
Cambridge Pavers Inc. — marketed as Cambridge Pavingstones with ArmorTec — is headquartered in Lyndhurst, New Jersey, with a major manufacturing facility in South Amboy. Third-party business data estimates the company’s annual revenue at approximately $28 million, with an estimated valuation near $89.6 million based on industry multiples for wholesale building materials.
As the founder and controlling owner of a private company of that scale, Gamarekian’s personal wealth is tied directly to the business. Private-company founders in this position typically hold the majority of equity, which is why the $5M–$10M estimate is plausible — while remaining clearly labeled as an estimate.
The company has invested heavily in growth, including a $26 million-plus production plant in South Amboy featuring advanced color-blending and finishing technology — a sign of a healthy, reinvesting enterprise rather than one being stripped for cash.
How Charles Gamarekian Makes Money
Gamarekian’s wealth comes from a single source: the building-materials business he founded. His income streams include:
- Company ownership: Equity in Cambridge Pavers Inc., the primary driver of his wealth.
- Executive compensation: As Chairman and CEO, he draws a salary from the company. One unverified blog claims $350,000 per year, but no official figure is published.
- Real estate and investment background: Before pavers, he worked in investment banking and land development — experience that likely contributed to his business acumen, though no investment portfolio is publicly documented.
He has no known entertainment income, book deals, or public side ventures.
Early Life and Education
Almost nothing about Gamarekian’s early life is publicly documented — no confirmed birth date, birthplace, or educational history appears in reputable sources. What is known comes from a profile in NJBIZ, New Jersey’s established business publication, which reports that he began his career in investment banking and land development before entering the building-materials industry.
Career Journey
- Investment banking and land development: Gamarekian started his professional life in finance and real estate, giving him familiarity with construction materials and development economics.
- 1985: He helped found and lead a competing paving-stone firm (which he has declined to name publicly), gaining direct industry experience.
- 1995: He founded Cambridge Pavers Inc., striking out on his own. “I felt it was time to move along,” he told NJBIZ.
- 1995–present: He has led the company as founder, Chairman, and CEO for three decades, building it into an industry leader in concrete paving stones. The company’s patented ArmorTec formula — a dense top layer of cement, sand, and pigment that resists fading — became its signature innovation.
Major Achievements
- Founded Cambridge Pavers in 1995 and grew it over 30 years into a leading U.S. hardscape manufacturer
- Developed the patented ArmorTec manufacturing process, now an industry standard-bearer
- Built a dealer network spanning New Jersey, New York, Connecticut, Massachusetts, Pennsylvania, Maryland, Virginia, and beyond
- Oversaw a $26 million-plus manufacturing expansion in South Amboy, New Jersey
- Supplies major commercial clients including hotels and real estate developers
Assets and Lifestyle
Gamarekian maintains a notably private personal life. No homes, vehicles, or luxury assets are publicly documented in his name, and he does not maintain a public social media presence. His public appearances are limited to trade-industry contexts. This is consistent with a career industrialist rather than a celebrity entrepreneur.
Personal Life
Details about Gamarekian’s family, marriage, and children are not publicly confirmed. He keeps his personal life entirely out of the press — a stark contrast to the consumer-facing founders who dominate business media.
For more on the company he built, see Cambridge Pavers Owner Net Worth and our Business & Entrepreneurs section.
Interesting Facts
- He recognized the U.S. market potential for European-style paving stones in the 1980s, before the category matured domestically.
- He describes his product “with a parent’s loving care,” according to NJBIZ.
- His company sells 80% of its materials for residential use, with the remainder going to commercial and industrial projects.
- He once told his employees: “We don’t pay your salary. You pay it with the product you deliver.”
FAQs
How much is Charles Gamarekian worth?
No official figure exists. Based on his company’s estimated $28M revenue and ~$89.6M valuation, a reasonable estimate of his personal wealth is $5M–$10M. This is an estimate, not a confirmed figure.
Who is Charles Gamarekian?
He is the founder, Chairman, and CEO of Cambridge Pavers Inc., a New Jersey-based manufacturer of concrete paving stones and wall systems.
When did Charles Gamarekian found Cambridge Pavers?
In 1995, after previously helping to found and lead a competing paving-stone firm starting in 1985.
What is Cambridge Pavers’ revenue?
Third-party business data estimates annual revenue at approximately $28 million. The company is privately held and does not publish financials.
Is Charles Gamarekian a billionaire?
No. There is no evidence supporting anything close to billionaire status; estimates place his wealth in the single-digit millions.
Where is Cambridge Pavers located?
Headquartered in Lyndhurst, New Jersey, with a manufacturing facility in South Amboy, New Jersey.
What is ArmorTec?
A patented manufacturing process that adds a dense top layer of cement, sand, and pigment to paving stones to resist fading.
Is Charles Gamarekian married?
His marital status is not publicly confirmed.
How old is Charles Gamarekian?
His age is not publicly confirmed. One low-quality blog claims 58, but this is unverified.
Does Charles Gamarekian have social media?
No public personal social media accounts are known. The company’s accounts represent the brand.
Sources & Verification
According to NJBIZ, New Jersey’s business journal, Gamarekian built Cambridge Pavers into a major paving-stone manufacturer, headquartered in Lyndhurst with a large plant in South Amboy.
Net worth figures for Gamarekian are estimates — no Forbes-style valuation or official disclosure exists. Company revenue ($28M) and valuation (~$89.6M) figures come from third-party business-data providers and are themselves estimates for a private company. Career history is drawn from NJBIZ, New Jersey’s business journal, and trade-publication coverage. Speculative figures from low-quality blogs are identified as such and not presented as fact.