What is George Lindemann's Net Worth?
George Lindemann is an American entrepreneur and investor who has a net worth of $4 billion. Born to a Jewish family in 1936 in New York, George Lindemann made his wealth with various businesses. A graduate of the Wharton School of the University of Pennsylvania, he started to earn his fortune as the President of Smith, Miller and Patch, a pharmaceutical company. In 1971, Lindemann got his billionaire start when he sold his family company Permalens, an eye-care company, for $75 million to Cooper Labs. The next year, he established Vision Cable, a cable TV provider, but a decade later, he sold it for $220 million to Newhouse brothers, Samuel, Jr. and Donald. Soon, Lindemann launched a cell phone company, Metro Mobile, which he sold for $2.5 billion to Bell Atlantic in 1991.
Then, he got into pipeline business serving as CEO of Southern Union, a natural gas company. In the beginning of 2012, Lindemann sold Southern Union for over $5 billion to Texas billionaire Kelcy Warren, the owner of Energy Transfer Equity. Currently, the New Yorker billionaire holds 19 Spanish-speaking radio stations, and since 1982, he has served as the President of Cellular Dynamics and the Managing General Partner of Activated Communications Limited Partnership. Moreover, Lindemann has been a General Partner of Panhandle Eastern since 1990, and he also sits on the Boards of HI Europe Limited and Hudson Clean Energy Partners. In addition, Lindemann is a great supporter of the Center for Jewish History and the Jewish Federation of Long Beach Country, and he has donated a bulk of money to Republican candidates, including Virginia Foxx, Ed Royce, Michele Bachmann, Denny Rehberg and Newt Gingrich.
