Michael Hutto Net Worth: How Rich is Salt Life Co-Founder?

Michael Hutto is an American businessman and entrepreneur best known as co-founder of the clothing brand Salt Life. In February 2023, he was sentenced to 12 years for shooting his teenage girlfriend in October 2020. As of 2023, Michael Hutton net worth is estimated to be around $1 million.

Who is Michael Hutto?

Michael Hutto is a businessman from the United States. He pleaded guilty to fatally shooting his 18-year-old girlfriend, Grace Duncan in October 2020. Grace reportedly died from a single gunshot while they were playing inside a room on October 29.

Hutto was born in 1966 in the United States. Not much is unveiled regarding his parents, early life, and education. However, it is known that he completed his graduation from one of the reputed Universities in the United States.

Michael Hutto Net Worth & Career

Michael Hutto is one of the co-founders of the clothing brand, Salt Life. He started the clothing brand in 2003 with his three friends. The clothing business was aimed at surfers, boaters, and fishermen. He reportedly sold the business for nearly $40 million in 2013.

Hutto came into the limelight after he was arrested in October 2020 shooting his teenage girlfriend, Lora Grace in a Palm Beach hotel. He was arrested on October 30 after Grace’s body was discovered inside a Hilton Singer Island Oceanfront resort room.

Michael fled the gruesome scene leaving his wallet and ID in the room. After police arrested him, he reportedly burst into tears when he was asked about his girlfriend. Hutto and Grace were reportedly visiting friends in the Florida keys when they stopped at the hotel the mid-way.

According to Hutto, they were playing inside the hotel room, pretending to shoot with their finger and a gun. He accidentally fired her when Grace was sitting on the bathroom counter. After shooting his teenage girlfriend, he put the gun in his black Adidas backpack and left her body in the room.

Hutto left the hotel in his 2020 green Dodge. Hutto didn’t stop his car until he ran out of gas. As per the arrest report, he overdosed in his car at a gas station. Michael was taken into custody when he was recovering at a Jacksonville hospital.

His teenage girlfriend’s body was discovered after her father filed a report claiming that he had not heard from her in two days. Grace’s father also told her that his daughter was in a relationship with Hutto. He further stated Grace sounded out of character when he communicated last with his daughter.

Grace’s father also accused Hutto of giving his daughter drugs. In November 2020, he appeared at Palm Beach County Court where the judge set his bond at $255 thousand. Hutto recently pleaded guilty to manslaughter in court on Thursday, February 16, and was sentenced to 12 years in prison in addition to the credit for 79 days served.

Michael Hutto’s Wife & Personal Life

Michael Hutto was married to someone with whom he had four kids. He met his teenage girlfriend, Lora Grace Duncan at the gym where she worked. Michael had an ATV accident in the past and he joined the gym for physical therapy.

According to his defense attorney, Donnie Murrel, Jr., Hutto absolutely loved Lora despite of their age difference and the nature of their relationship. However, Lora’s parents had a different opinion about their love affair. Her parents reported her missing report to the Columbia County Sherriff’s office after a day she texted saying she was traveling down the state with Hutto.

Lora told her parents that she and Hutto would meet his associates at Daytona Beach to start a new business. They filed a missing report after feeling Lora sounded strange in a call-drugged and vulnerable manner. Hutto’s attorney is still claiming that his client is innocent. Hutto again cried when an assistant state attorney read Duncan’s family statement in Court aloud on Thursday.

Michael Hutto Net Worth

Michae Hutto has earned an estimated net worth of $1 million as of 2023. He has made a considerable amount from his business ventures. The clothing brand Salt Life issued a statement in early February 2023 stating that Hutto had not been involved in the company since he and his business partners sold the company for nearly $40 million in 2013.