Carl Lindner Jr
Carl Lindner Jr's Social Links
Carl Lindner, Jr. was an American businessman and one of the world’s richest people, with an estimated worth of $1.75 billion in 2009.
Dropping out of school at 14 during the Great Depression, Lindner helped expand his family’s dairy business into United Dairy Farmers, a large chain of convenience stores. During World War II, with his father’s health failing and his brothers in the military, Lindner began to direct the chain. By the mid-1960s, it had more than 100 stores. The number has since more than doubled.
Before his death, Lindner controlled roughly 42 percent of American Financial Group, a holding company based in Cincinnati, Ohio, whose primary business is insurance and investments. Lindner founded the financial empire in 1959. From 1961 until the company went private in 1980, American Financial’s portfolio made more than 60 times its original investment as Lindner diversified into banks, insurance and assorted industries.
Lindner controlled a slew of corporations with nearly 70,000 employees worldwide. American Financial owned, or held substantial investments in, Chiquita Brands International, the Charter Company and the Great American Insurance Group.
Lindner became controlling partner and chief executive of the Cincinnati Reds in a 1999 deal. He mostly stayed in the background, and he sold his controlling share in the team in 2005.
Lindner donated to charitable causes and political campaigns. His family supported several Cincinnati private schools, and Lindner supported the Republican Party during the 2004 election. The family contributed tens of thousands of dollars to Republicans, including the Republican National Committee and several politicians.
Lindner died in October 2011 at the age of 92. He is survived by his wife, the former Edyth Bailey; his sons, Carl III, Craig and Keith; 12 grandchildren and 5 great-grandchildren.
Companies and Investments
American Financial Group (former chairman), Chiquita Brands International (investor), Charter Company (investor), Great American Insurance Group (investor), Cincinnati Reds (controlling partner, chief executive)
My main hobby is working. I love what I do. Make sure you do, too.
Carl Lindner Jr's Quotes
|“||Im working over 80 hours a week and have to keep on track.||”|