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George Lindemann – Billionaire

George Lyle Lindemann (born 1936) is an American businessman and the chairman and chief executive officer of the Southern Union, a pipeline company. He also owns 19 Spanish-language radio stations.

On the Forbes 2016 list of the world’s billionaires, he was ranked #722 with a net worth of US$2.4 billion.

Early life and education

George Lindemann was born to a Jewish family in 1936 in New York City. He received a Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania.

Career

From 1962 to 1972, he served as the president of Smith, Miller and Patch, a pharmaceutical company. He sold Permalens, his family company, to Cooper Labs for $75 million in 1971, and founded Vision Cable in 1972. In 1982, he sold it to Samuel Irving Newhouse, Jr. and his brother for $220 million. Shortly after, he founded a cell phone company called Metro Mobile and later sold it to Bell Atlantic for $2.5 billion in 1991. He was then the CEO of Southern Union, a pipeline company, which was sold in 2012 to Energy Transfer Equity, LP for approximately $2.0 billion. He also owns 19 Spanish-speaking radio stations. He has been the president of Cellular Dynamics and the Managing General Partner of Activated Communications Limited Partnership since 1982. He has been a General Partner of Panhandle Eastern since 1990. He sits on the board of directors of HI Europe Limited and on the advisory board of Hudson Clean Energy Partners.

Philanthropy and political activities

He has made donations to Republican candidates, such as Michele Bachmann, Newt Gingrich, Ed Royce, Denny Rehberg, and Virginia Foxx. He is a supporter of the Center for Jewish History.

The Lindemann Young Artist Development Program at the Metropolitan Opera is named after him and his wife.

Source:

  1. wikipedia

 

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