The Richest People In America: Lester Crown & family


#75 Lester Crown & family

$4.8 billion
Source General Dynamics (quote: GD), Investments, Inherited and growing

Age 83
Marital Status Married, 7 children

Hometown Wilmette, IL, United States
Education Northwestern University, Bachelor of Arts / Science
Harvard University, Master of Business Administration

Chicago financier father, Henry Crown, founded sand, stone and gravel firm with 2 brothers 1919. Material Service Corp. Became world's largest building materials distributor. Merged with General Dynamics 1959. Father died 1980. Fortune transferred to son Lester, who loaded cement trucks before joining dad's operation. Became chairman of General Dynamics 1983. Diversified family's fortune; today owns stakes in General Dynamics, Maytag, Alltel, JPMorgan Chase, Hilton Hotels, Rockefeller Center, basketball's Chicago Bulls, baseball's New York Yankees. Longtime Democrat raising money for Obama.

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