What is Christopher Goldsbury's Net Worth?
Christopher Goldsbury is an American businessman who has a net worth of $1.4 billion. He is now best known as the CEO of Silver Ventures, an equity firm specializing in the food industry. Goldsbury, now a reclusive billionaire, started to generate his wealth in 1969 when he joined Pace Foods, producer of Pace Picante salsa. He took part of the company two years after he married its founder's daughter, Linda Pace. In the beginning, he served as a vegetable preparer on the assembly line, and then he moved to the sales division. In 1977 he took over the president position, and five years later he and Linda bought the entire business from the family for $14 million. Following the couple's separation in 1987, Goldsbury managed to purchase Linda's half for just $95 million.
In 1994 he sold Pace Foods to Campbell Soup for $1.12 billion. Subsequently, he founded private today's equity firm Silver Ventures. Among the notable assets of the company include a stake in tomato producer NatureSweet and a stake in artisanal bread maker Ecce Panis, which he sold to Campbell Soup for $65 million in 2009. Goldsbury made a record $35 million donation to the Culinary Institute of America in 2007, all in order to persuade the cooking school to open a campus on the site of the former Pearl Brewery in San Antonio that has been in his Silver Ventures' possession since 2001. Goldsbury also provided a $20 million scholarship fund, El Sueño, meant to support low-income students at the culinary school. Mush as Goldsbury's envisioned, the site of the former brewery, Pearl Park, now has a music venue with 1,000 seats, shops, upscale restaurants, a spa and hotel set to open in the summer of 2014.
