Carl Lindner Jr.
Carl Lindner Jr. | |
---|---|
Born | Carl Henry Lindner Jr. April 22, 1919 Cincinnati, Ohio |
Occupation | Businessman |
Known for | Founder of American Financial Group |
Spouse | Edyth Bailey |
Children | Carl Lindner III Craig Lindner Keith Lindner |
Family | Lindner family |
Carl Henry Lindner Jr. (April 22, 1919 – October 17, 2011) was an American businessman from Norwood, Ohio, a member of the Lindner family, and one of the world's richest people. According to the 2010 issue of Forbes Billionaires List, Lindner was worth an estimated $1.7 billion.[1]
Life and career
Lindner was born on April 22, 1919, in
Lindner was a part-owner and chief executive officer of the
Philanthropy
Lindner donated to charitable causes and political campaigns. The Lindner family has supported several Cincinnati private schools, including
Most recently, in June 2011, the University of Cincinnati honored Lindner by renaming the College of Business the Carl H. Lindner College of Business after him in recognition of his and his family's contributions to the college, university, and business community.
Although Lindner was a devout
In 1978, Lindner was the recipient of the Golden Plate Award of the American Academy of Achievement.[7]
Republican financial support
Lindner supported the Republican Party. During the 2004 election, the Lindner family contributed tens of thousands of dollars to Republicans, including the Republican National Committee and several politicians. In 2004, the Republican National Committee named Lindner as one of 62 "Super Rangers", the highest level of fundraising recognition, accorded to those who raise $300,000 or more.[8] Lindner, an ally of George W. Bush, secured the use of Great American Ball Park for Bush's re-election campaign on October 31, 2004, two days before the 2004 Presidential Election.
In 2005, Lindner was among 53 entities that contributed the maximum of $250,000 to the second inauguration of President George W. Bush.[9][10][11]
Associations
Carl Lindner and his brother Robert used their family's dairy business to build a chain of convenience stores in Cincinnati, Ohio, called United Dairy Farmers (UDF). From there they went into the financial and communications fields. Through their holding company American Financial Group (AFG) they control Great American Insurance, a holding company for a group of property and life insurance companies that constitute the twenty-third largest insurer in the country. AFG owned the fourth-largest bank in Cincinnati, Provident Bank, and the second-largest savings and loan (Hunter Savings, later merged into Provident.[12][13] The Lindners also control seventy shopping centers around Cincinnati. They once owned Bantam Books and the major newspaper of Cincinnati, The Cincinnati Enquirer. Charles Keating, also of Cincinnati, was a close friend and colleague of the Lindners.
Carl Lindner also had major investments in
Whereas the Lindner companies and financial institutions once operated on conservative, cautious principles they later became involved in riskier ventures. Lindner insurance companies began to invest in
Death
Carl Lindner Jr. died on October 17, 2011, at age 92. He was survived by his wife, the former Edyth Bailey; his sons, Carl III, Craig and Keith; 12 grandchildren; and six great-grandchildren.[15]
References
- ^ "Forbes.com". Forbes.
- ^ "Ex-Reds CEO Carl Lindner Jr. dies at 92". ESPN.com. Associated Press. 18 October 2011. Retrieved October 30, 2022.
- ^ "The Enquirer – This article is no longer available". Archived from the original on 2007-09-29. Retrieved 2005-11-03.
- ^ Carl Lindner
- ^ Cincinnati.com: "Carl Henry Lindner: 1919–2011 – Billionaire investor, dead at 92, was Cincinnati's biggest benefactor" by Cliff Peale October 18, 2011 | "A devout Baptist and a longtime member of Kenwood Baptist Church, Lindner used his wealth and influence behind the scenes to become Greater Cincinnati's largest benefactor and economic development force."
- ^ Oster, Marcy (2011-02-11). "Carl Lindner Jr., major non-Jewish donor to Jewish causes, dies". JTA. Retrieved 2013-06-08.
- American Academy of Achievement.
- ^ Edsall, Thomas B. (July 1, 2004). "Republicans Name 62 Who Raised Big Money". The Washington Post. pp. A06.
- ^ Drinkard, Jim (2005-01-17). "Donors get good seats, great access this week". USA Today. Retrieved 2008-05-25.
- ^ "Financing the inauguration". USA Today. 2005-01-16. Retrieved 2008-05-25.
- ^ "Some question inaugural's multi-million price tag". USA Today. 2005-01-14. Retrieved 2008-05-25.
- ^ "Carl Lindner Jr., 1919-2011 - Cincinnati Business Courier". Retrieved 2015-01-05.
- ^ "Provident Bancorp Receives Regulatory Approvals For Hunter Savings Association Merger - Free Online Library". Retrieved 2015-01-05.
- ^ "The Network of Junk Bond Financiers". San José State University. Retrieved 2012-01-06.
- ^ "Carl H. Lindner Jr., Founder of American Financial, Dies at 92". The New York Times. October 18, 2011.