- Category:
- Richest Business › Richest Billionaires
- Net Worth:
- $2 Billion
- Birthdate:
- Mar 27, 1944 (80 years old)
- Gender:
- Male
- Nationality:
- United States of America
What is Thomas Lee's Net Worth?
Thomas Lee is an American businessman, financier and investor who has a net worth of $2 billion. He earns the credits for being one of the pioneers in private equity, especially leveraged buyouts. He was born on March 26, 1944 to a great family, as the son of Herbert C. Lee and Mildred Schiff Lee. His father worked for the Shoe Corporation of America. Lee graduated from Harvard in 1965 and the same year he started working as an analyst within the institutional analysis department of L.F. banker in the Big Apple. Next year, Lee got employed by the primary full service bank of capital of Massachusetts, where he worked for eight years before finally growing to the level of VP in 1973.
Thomas H. Lee Partners, the corporation that he supported in 1974 is among the leading non-public equity corporations globally. Lee is presently the managing partner of Lee Equity Partners, a personal equity firm that he started to support in 2006 as he was leaving the Thomas H. Lee Partnership. In 1974, Lee supported a replacement investment company to specialize in deed firms through buyout transactions. By the mid-1980s, Thomas Lee Partners was firmly established among the highest tier of a replacement category of personal equity investors, whereas taking a friendlier approach than the questionable company riders of the age. One of the THL's early gains was the 1985 attainment of metropolis, the Ohio-based Sterling Jewellers for $28 million. Lee reportedly put in $3 million and once the corporate got oversubscribed for $210 million two years later, it achieved profit of over $180 million.
