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George Lindemann

George Lindemann American businessperson

American businessperson
The basics
Quick Facts
Intro American businessperson
Known for CEO of Southern Union
Was Businessperson Business executive
From United States of America
Type Business
Gender male
Birth 26 March 1936, New York City, USA
Death 21 June 2018 (aged 82 years)
Star sign AriesAries
Residence Palm Beach, USA
Education
The Wharton School
The details
Biography

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

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

Early life and education

George Lindemann was born to a Jewish family in 1936 in New York City. He received a bachelor's degree in economics from the Wharton School of the University of Pennsylvania.

Career

From 1962 to 1972, Lindemann was the president of Smith, Miller and Patch, a pharmaceutical company. He sold Permalens, his family's eye-care company that developed the first permanent-wear soft contact lens, to Cooper Labs for $75 million in 1971. In 1972, Lindemann founded cable TV firm Vision Cable, which he sold a decade later to Samuel Irving Newhouse Jr. and his brother for $220 million.

Shortly after, he founded a cell phone company, Metro Mobile, which he later sold to Bell Atlantic for $2.5 billion in 1991. He then shifted his focus to struggling natural gas pipeline company Southern Union, which he had acquired through Metro Mobile in 1990 for $125 million. He was CEO of Southern Union, and sold it in 2012 to Energy Transfer Equity, for approximately $2.0 billion.

Lindemann owned 19 Spanish-speaking radio stations. He was president of Cellular Dynamics and the managing general partner of Activated Communications Limited Partnership beginning in 1982. He was a general partner of Panhandle Eastern. He sat on the board of directors of HI Europe Limited and on the advisory board of Hudson Clean Energy Partners.

Philanthropy and political activities

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

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

Personal life

Lindemann was married to Dr. Frayda B. Lindemann who is vice-president on the board of the Metropolitan Opera. They have three children:

  • Adam Marc Lindemann, president of Lindemann Capital, is an art collector, gallerist, columnist for the New York Observer, and a former champion polo player. In 1989, he married Elizabeth Ashley Graham. Her maternal grandfather is Charles R. Denny, former chairman of the FCC. 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. She is married to Roger Barnett, CEO of Shaklee, the largest natural nutrition company in the US, and a son of Victor Barnett and Helaine M. Barnett. They have three children.
  • George Lindemann Jr. is an art collector, investor, and philanthropist in Miami. He served time in prison after being convicted by a jury of insurance fraud.

Lindemann was the president of the board of directors of the Bass Museum of Art. He lived in Palm Beach, Florida, with further homes on the Upper East Side and in Greenwich, Connecticut. As of September 2011, he was the 736th richest person in the world, and the 220th richest in the US, with an estimated wealth of US$2.1 billion. He owned a 180-foot schooner, Adela, which has won international sailing competitions. The Lindemanns are members of the Jewish Federation of Palm Beach County.

The contents of this page are sourced from Wikipedia article on 07 May 2020. The contents are available under the CC BY-SA 4.0 license.
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