George Lindemann

George Lindemann
Born George Lyle Lindemann[1]
(1936-03-26)March 26, 1936[1]
New York City, US
Died June 21, 2018(2018-06-21) (aged 82) [2]
Palm Beach, Florida, US
Nationality American
Alma mater Wharton School of the University of Pennsylvania
Occupation Businessman
Net worth US$3.2 billion[3]
Title Chairman and CEO, Southern Union
Spouse(s) Frayda B. Lindemann
Children 3

George Lyle Lindemann (March 26, 1936 – June 21, 2018)[4] was an American billionaire[1] businessman who was the chairman and chief executive officer of Southern Union, a pipeline company.[5][6][7][8] He also owns 19 Spanish-language radio stations.[6][8]

On the Forbes 2016 list of the world's billionaires, he was ranked #722 with a net worth of US$2.4 billion.[9]

Early life and education

George Lindemann was born to a Jewish family[10] in 1936 in New York City.[3] He received a Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania.[3][5][8]

Career

From 1962 to 1972, he served as the president of Smith, Miller and Patch, a pharmaceutical company.[5] He sold Permalens, his family company, to Cooper Labs for $75 million in 1971, and founded Vision Cable in 1972.[3][6][7][8] In 1982, he sold it to Samuel Irving Newhouse Jr. and his brother for $220 million.[3][6][7][8] Shortly after, he founded a cell phone company called Metro Mobile and later sold it to Bell Atlantic for $2.5 billion in 1991.[3][6][7][8] 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.[3][6][7][8] He also owns 19 Spanish-speaking radio stations.[6][8] He has been the president of Cellular Dynamics and the Managing General Partner of Activated Communications Limited Partnership since 1982.[5] He has been a General Partner of Panhandle Eastern since 1990.[5] He sits on the board of directors of HI Europe Limited and on the advisory board of Hudson Clean Energy Partners.[5]

Philanthropy and political activities

He has made donations to Republican candidates, such as Michele Bachmann, Newt Gingrich, Ed Royce, Denny Rehberg, and Virginia Foxx.[11] He is a supporter of the Center for Jewish History.[12]

The Lindemann Young Artist Development Program at the Metropolitan Opera is named after him and his wife.[13]

Personal life

He is married to Dr. Frayda B. Lindemann[3] who serves as vice-president on the board of the Metropolitan Opera.[7] They have three children:[3]

  • Adam Marc Lindemann, president of Lindemann Capital, is an art collector, gallerist, columnist for the New York Observer, and a former champion polo player.[7] In 1989, he married Elizabeth Ashley Graham.[14] Her maternal grandfather is Charles R. Denny, former chairman of the FCC.[14] They had three daughters. The Lindemanns divorced and Adam is now married to Amalia Dayan, the granddaughter of Moshe Dayan. The couple has two daughters.
  • Sloan Lindemann Barnett sits on the board of trustees of the New York University School of Law and runs a natural health products business.[7] She is married to Roger Barnett, CEO of Shaklee, the largest natural nutrition company in the United States. They have three children.[15]
  • George Lindemann Jr., whose equestrian career ended when he was convicted and served time for insurance fraud for horse killing,[16] is now a well-known art collector, investor, environmental advocate and philanthropist in Miami.[7]

Lindemann serves as the president of the board of directors of the Bass Museum of Art. George Lindemann Sr. lives in Palm Beach, Florida, with further homes on the Upper East Side and in Greenwich, Connecticut.[3][6][7][8] As of September 2011, he is the 736th richest person in the world, and the 220th richest in the United States, with an estimated wealth of US$2.1 billion.[3] He owns a 180-foot schooner, Adela, which has won international sailing competitions.[7][8] The Lindemanns are members of the Jewish Federation of Palm Beach County.[17]

References

  1. 1 2 3 "Billionaires: George Lyle LINDEMANN". Wealth-X. Retrieved 2017-01-02.
  2. ↑ Cohen, Ian. "Billionaire businessman George Lindemann dies". Palm Beach Daily News. Retrieved 29 June 2018.
  3. 1 2 3 4 5 6 7 8 9 10 11 "Forbes profile: George Lindemann & family". Retrieved 14 March 2018.
  4. ↑ Hagerty, James R. (29 June 2018). "George Lindemann Made Bold Investments in Cable TV, Mobile Phones and Pipelines". Wall Street Journal. Retrieved 29 June 2018.
  5. 1 2 3 4 5 6 "Stocks". Bloomberg.com. Retrieved 24 February 2018.
  6. 1 2 3 4 5 6 7 8 Robert Trigaux, "Florida boasts 10 of world's richest" in St. Petersburg Times, February 28, 2003
  7. 1 2 3 4 5 6 7 8 9 10 11 Peter Latterman and Michael J. De La Merced, "Natural Gas Bidding War Puts Spotlight on a Billionaire" in The New York Times, June 28, 2011
  8. 1 2 3 4 5 6 7 8 9 10 "Wharton Magazine". Retrieved 24 February 2018.
  9. ↑ "The World's Billionaires (2016 ranking): #722 George Lindemann & family". Forbes. March 1, 2016. Retrieved 2017-01-02.
  10. ↑ Forbes Israel: Jewish Billionaires – Profile of George Lindemann April 14, 2013 (in Hebrew)
  11. ↑ "Politics - U.S. Political News, Opinion and Analysis". Retrieved 24 February 2018.
  12. ↑ Center for Jewish History Bulletin, Fall/Winter 2006
  13. ↑ Lindemann Young Artist Development Program, Metropolitan Opera
  14. 1 2 The New York Times: "Elizabeth Graham, Graduate Student, Is Married to Adam Marc Lindemann", October 16, 1989
  15. ↑ New York University Law Alumni of the Month December 2009: Sloan Lindemann Barnett '93, retrieved May 3, 2013
  16. ↑ "Top Equestrian Is Convicted In Horse Insurance Scheme". 22 September 1995. Retrieved 24 February 2018 – via NYTimes.com.
  17. ↑ Jewish Federation of Palm Beach County Honor Roll 2011
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