George L. Lindemann
CEO of Southern Union
Education
- Bachelor's degree in economics - Wharton School of the University of Pennsylvania
Overview
George Lyle Lindemann was an American billionaire businessman known for being the chairman and chief executive officer of Southern Union, Inc.(SUG) a fossil fuel infrastructure and pipeline company. He was also the owner of 19 Spanish-language radio stations and the vice president of the Metropolitan Opera Association in New York City.
He ranked #703 on the Forbes 2018 list of the world's billionaires, with a net worth of US$3.3 billion.
Career :
In 1957, Lindemann began his career with his father's business, a cosmetics and hair care company called The Nestle-LeMur.[10] 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.
According to Forbes 2018 list of the world's billionaires, Lindemann's net worth was US$3.3 billion.
Early Life
George Lindemann was born March 26, 1936 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
- Southern Union - CEO