The Richest People In America: David Murdock


#85 David Murdock

Net Worth $4.4 billion
Source Investments, Self made

Age 85
Marital Status Widowed, 3 children, 3 divorces

Hometown Los Angeles, CA, United States
Education High School, Drop Out

Fruit and real estate tycoon has lost $300 million in last 12 months, much of it going to Uncle Sam as he sells off pricey Hawaiian property. High school dropout drafted into Army 1943; settled in Detroit after WWII. Bought diner with $1,800 loan; flipped quickly for small profit. Built homes in Arizona, California; survived real estate market crash. Bought slice of Dole produce outfit, Castle & Cooke real estate firm. Dole sales up 10% in past 12 months despite rising food costs. Actively pursuing health and nutrition research since his third wife passed away from cancer in 1985. Expanding his $1.5 billion North Carolina Research Campus; studying biotech, disease, biorepository.

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