TelexFree – $691 Million Revenue In 2013

James Merrill


The USA TelexFree LLC branch of the TelexFree enterprise posted more than $691 million in total income last year, according to a filing with the Alabama Public Service Commission.

The documents reveals the owners: Carlos Costa 30%, Carlos N. Wanzeler 50 % and CEO James M. Merrill 20%.

In its Alabama filings, TelexFree LLC asserted it incurred expenses last year of “$572 million in a category dubbed “Agent Commission – paid through system.

It also incurred expenses of $50 million in a category dubbed “Agent Commission – paid through bank.”

Other line-item expenses are listed in the document, which says the firm’s “net income” last year was more than $36.4 million.

The Alabama filing did not cover TelexFree LLC revenue and expenses year-to-date in 2014. Nor did it cover revenue and expenses for 2012 or revenue and expenses for related TelexFree enterprises.

TelexFree Revenue 2013

Some affiliates have said they believe TelexFree has gathered $1 billion or more since its inception in early 2012.

Source: Patrick Pretty

Become a Recommended Distributor

Direct Selling Distributors, they are active professionals, who love to team up with you!

Write a comment

Connect with