marquett burton net worth
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Today his Red Apple Group owns $500 million worth of property; New York's Gristedes grocery chain. Retractable roof will keep iconic hole design, presumably so God can still watch his favorite team. Tax-efficient philanthropy: donates buildings, office parks to foundations to sell or use. Moved to energy: struck gas in first 13 wells drilled 1970s. Saved money, invested in oil, real estate. Took job at Drexel Burnham Lambert 1980s; firm bankrupt 1990, created Apollo later that year. Meaning: be less confrontational than Dad. Smooth sailing for the admiral of world's largest cruise ship operator; shares of . Turned small trash-hauling operation into waste-management titan WMX. Took over 1971. Founded Bose Corp. 1964; first contracts with NASA, U.S. military, to improve radio communications. Built riches on a marketing surprise. John Doerr's (see) doppelganger at Kleiner Perkins studied engineering at Indian Institute of Technology, earned biomedical master's at Carnegie Mellon, M.B.A. at Stanford. Locked out new investors 2000; much of Quantum Endowment Fund's $13 billion in assets are his. In 31 years firm has invested in 150 companies; total transaction cost exceeds $280 billion. Today ABC Supply largest supplier of roofing and siding materials to professional contractors in the U.S. with 404 stores. Husband John once chairman of Sotheby's North America. Trying to go private: company board rejected family's initial $8.9 billion bid in January, approved $10.6 billion offer 5 months later. Relocated to Chicago after brother Martin died 1995, renamed company General Growth Properties. Today manages 4 private equity funds with $6 billion invested across 35 companies. Opening $500 million, 1.3-million-square-foot Patriot Place on land adjacent to Gillette Stadium; shops, hotel, office space. With Robert Lurie (d. 1990), built business buying, selling cheap real estate. Came to U.S. 1972. Mom, Helen, passed away April; matriarch's fortune to pass to charity over next few years. Tennessee farm boy spent childhood growing corn, raising pigs and dairy cows. Bloomberg sales: $4.7 billion. I'm a lucky man." Sold minority stake in Hyatt to private equity firm Madrone Capital (owned by the Walton heirs) and Goldman Sachs for $1 billion in August. Electronic Data Systems Worked for Netscape, Amazon before creating venture firm Sherpalo in 2000. Press-shy mogul one of largest landholders in Malibu. Still waiting on approval to redevelop a parcel on Manhattan's East River into 4 million square feet of residential, commercial and retail space. Sprint Nextel Marquett Burton Tech Executive Published Feb 5, 2018 . Grew up poor in rural Texas; mother, brother died when he was 7. Walter's father, Moses, started Triangle Publications; Walter inherited it at age 32, added magazines (Seventeen, TV Guide). Witnessed wildcatter dad's discovery of 6-billion-barrel East Texas megafield at age 10; gushing plume of oil inspired "Tex" to join family business. Son of a lawyer grew up in Omaha reading medical journals, Ben Franklin aphorisms. "I read the entire history of the entertainment business." Harvard dropout and Met partner Jerry Yang (see) as Stanford grad student, veered off Ph.D. path to form new portal; took Yahoo public 1996. He announces his coin on youtube (archive: https://archive.ph/U0CuH) . Texas farmboy bought first bank in 1975 for $1.2 million, later sold with other banks for $100 million. Served in Navy during WWII. Plans to build a second tower. Sister, Eleanor, involved with children's charities. The Black Box. Sold electronics for father's distribution company after high school. ; believed to have sold entire stake last November. Cofounded home improvement emporium Home Depot with Arthur Blank (see) in 1978 after being fired from now-defunct Handy Dan. Sales exceed $20 billion; company booked $25 billion in new contracts last year. Oldest member of The Forbes 400. Parents developed oil and gas business. Rest of Seagram empire snatched up by Vivendi for $34 billion 2000. Sold minority stake in Hyatt to private equity firm Madrone Capital (owned by the Walton heirs) and Goldman Sachs for $1 billion in August. Offered 50% stake of Newport News newspaper if he halted broadsheet's losses within a year; succeeded. Rob: company's first lawyer; now chairman. Man U. Berkshire shares up 24% over past 12 months; have averaged 21.4% annual return since 1965. CBS is up 20% since, but Viacom is down 3%; S&P 500 up 19% in the same period. into an underground science and engineering laboratory. Wife, Marian, owns Detroit's MotorCity casino. Now buying up auto parts companies. Acquired large stake in Disney 1984; went solo 2 years later to manage personal investments. AutoNation Funded U. of Michigan's William Davidson Institute; nonprofit group researches emerging market companies. Now invests via Granite Associates: hedge funds, real estate, private equity, Time Warner stock. Wells Fargo Remains chairman; son, John, took reins 1999. They invited him over for ping-pong in a garage (of course, it's tech), and he bought everyone dinner at a nearby Chinese restaurant. Handed out dollar bills in the parking lot of first store to lure customers. Earned M.B.A. from Illinois Institute of Technology, became early authority on convertible securities; launched investment outfit that eventually became Company renamed Abraxis BioScience; shares down 15% during past 12 months. Marquett L Burton, Age 35. aka Marquett D Burton, Marquette Davon Burton, Burton Marquette. ; more than half of net worth now outside of Microsoft. Environmentalist Sam sent kids to alma mater, Cornell, before joining family business. Chesapeake Energy Commerce Secretary under Nixon, became chairman of Lehman Brothers 1973. Studied business and economics at Michigan State. Built first house with $10,000 loan 1958. Shares down 45% since offering, keeping Kauffman and Nardone off The Forbes 400. In a few years, he will reach a new level of popularity and will get several accolades. Best asset: YES Network. Delusions of Tinseltown grandeur: invests in film firms Crescent Drive Pictures, 360 Pictures; executive producer of starlet Studied engineering at NYU; dropped out to help friend save family's fledgling supermarket business. Left to start hedge fund Appaloosa Management in 1992. Partner to TCI cable founder Bob Magness (d. 1996) sold nation's largest cable company to AT&T in 1999 for $54 billion. In 1998 duo realized GPS could sell to directions-starved drivers on U.S. highways, too. Marquett Davon Burton is an American technology entrepreneur. 2 spot in U.S. sneaker market. Reinvested in Neoteris (computer security), MyCFO.com (wealth management), Hyperion Development Group (Miami real estate). Enrolled, then dropped out of Cal State Long Beach. Unilever Wall Street giant manages $90 billion across private equity, real estate, corporate debt, hedge fund operations. Covered overrun by selling $300 million in real estate. St. Paul, Minn. native took first job at age 8 working in father's garment shop. Southern Union Learned lumber business from father, Joe Hardy, who opened first lumberyard 1952; founded 84 Lumber in 1956. Later managed NYC's Drake, Belmont Plaza, Regency. Said to have paid $27 million for an apartment on Fifth Avenue last year. Funds environmental, educational, medical causes. Worked at Son Christopher, 40, now father's heir apparent. Owns pro basketball's Orlando Magic; with wife, Helen, has donated more than $400 million to health, education, the arts. Started industrial holding company Access Industries 1986. Fisk: S.C. Johnson chairman has Ph.D. in physics, M.B.A.; working in Kenya, India to establish sustainable, community-based businesses. Ampex Daughter of James M. Cox (d. 1957), newspaper reporter who bought the Dayton Evening News for $26,000 in 1898. Click Here for Billionaires You've Never Heard Of. Poultry executives approached Cathy with discounts on leftover chicken breasts too big for Delta meal trays. Victor earned engineering degrees from MIT; Ph.D. in economics from Harvard. Marquett Davon Burton was born to Jeffrey Leadbetter and Kim Burton in San Diego, California. Lohan's latest flick, I Know Who Killed Me. Plan to pass control of empire to Jay's son Tom (see), cousin Nick (see) and niece Penny collapsed in 2001; family agreed to split empire 11 ways, drawing lawsuit by Robert's 2 youngest children, Matthew and Liesel. Family contributions to NYU exceed $100 million. Sales exceed $13 billion; 10th-largest privately held company in U.S. by sales. Pressing on Wendy's Jumped into insurance; rose to chairman of Insurance Company of the West; renamed Westcorp, became holding company for Western Financial Bank and WFS Financial, one of nation's largest auto finance companies. 1985 for CDMA scheme in cell networks. Owns pro basketball's Miami Heat. earlier this year. Shuns traveling like a billionaire. Well diversified: largest piece of fortune in Omni Hotels. Son of Armenian immigrant fruit farmer dropped out of school in eighth grade. Equity Residential With brother Ben served Ford factory, airport workers round the clock, 6 days a week. Hired seasoned tech exec Eric Schmidt (see) in 2001 to run operations. Researched weapons propulsion at Johns Hopkins and inadvertently dreamed up the integrated circuit that spawned the PC revolution. Marquett Davon Burton is an American technology entrepreneur. Last year returned 16.7% after fees (25% of profits, 3% of assets). Buying, drilling natural gas wells; mulling public offering. Personally hands out cash bonuses to all 1,600 employees at Christmas. Hired as fishing-boat captain by former NYSE board member Walter Frank; Wall Street veteran encouraged him to go to Columbia business school. Former MIT professor got rich on wireless patents. Owns 20% stake in pro basketball's Seattle Sonics. Also stakes in football's St. Louis Rams, English soccer squad Arsenal; 5 ranches across Montana, Wyoming, California, Canada. Microsoft cofounder may be one of most hopeful tech investors ever. Oversees consumer finance and California banking divisions. for $2.1 billion in June. Stumbling online: nearly all Cond Nast Web sites used mainly to sell subscriptions, deliver magazine content. Long-running fraternal feud over deal settled 2001. Sales: $2.1 billion in 2006. Curt: runs industrial cleaning supplies outfit JohnsonDiversey. Shutterfly Over four years ago, California native Marquett Burton met with the president of theUniversity of MissouriSt. Founded Ivax the following year; sold drug giant to Teva Pharmaceuticals for $7.6 billion in 2005. for roaming service. Yale grad dreamed of being a writer. Restated 7 years of finances last summer for backdating of stock options. Took Wal-Mart public 1970, now world's largest retailer, with more than 7,000 stores in 14 countries; 1.9 million employees serve 176 million customers a week. "We must fight that which is unnatural." -MDB. Semel quit under fire this year. Environmentalist Sam sent kids to alma mater, Cornell, before joining family business. Sold classic drip painting by Jackson Pollock for $140 million in November, largest sum ever paid for single piece. In 2017 The Johns Hopkins University graduation, Burton was recognized as a Distinguished Alumnus of The Johns Hopkins University[3]. Sold out to WorldCom for $1.3 billion. Operations now controlled through holding company United National Corp. Owned 10 stores by age 24; made $25 million a year in revenue. The legal saga of the former AIG chairman continues. Focused on new developments near area's Dulles airport and Tysons II. Las Vegas Sands Less than two years after launching Fried Design Company, Josh Sullivan was ready for his next business. Last year, he was selected as an emerging fellow by the After a decade with SRC Holdings Corp., Darin Bridges is now president of management consultant company The Great Game of Business. For the first time since 1989 there isn't a Walton in Top 10 of The Forbes 400; Wal-Mart shares flat over past 12 months as bigger gainers passed by famously secretive children and daughter-in-law of Sam Walton (d. 1992). Spent 4 years in business; sold to Texaco in 1986 for $10 billion. Filed to go public earlier this summer. Sales: $345 billion. Davis foresaw rise of athletic shoe popularity, bought company on day of Boston Marathon 1972. Sells it to Disney 20 years later for $7.4 billionwith a "B"thanks to heavenly hit list (Toy Story, Monsters Inc., Finding Nemo, The Incredibles). . Focused on developing office and residential properties in New York City. Later studied Islamic law in Cairo; speaks several languages. Expanded market share with premium puppy chow; focused on nutrition, high-end breeders. to court 7 years later after learning the investment bank had not informed him that Sunbeam's financial statements were cooked. Jobs. Father, Sidney, ran family's shoemaking operation, invested in Florida real estate. Mom, Helen, passed away April; matriarch's fortune to pass to charity over next few years. Donated $10 million to Ohio Northern University 2006. Helped take Google public 2004. "My goal is to keep profits down and cash flow up." But U.S. Army servicemen loved GPS during Gulf war (though Garmin never had a military contract), and now in Iraq. With family controls Fidelity Investments, America's largest mutual fund company. Annually disputes FORBES' net worth estimate: "I'm worth $7 billion.". at what age can a child refuse visitation in utah; ventajas y desventajas de la terapia centrada en el cliente; humana otc pharmacy login; kindercare board of directors Duke grad cofounded Today Hearst Corp. controls newspapers (San Francisco Chronicle, Houston Chronicle), magazines (Cosmopolitan, Esquire), cable networks (stakes in ESPN, Lifetime, A&E), TV, radio stations. Grandfather founded company 1873 to make cast-iron and steel farming tools and cemetery accessories for Midwesterners. Host Hotels & Resorts Still owns large stakes in I just needed a place to put all the money I was making." Early investor in Berkshire Hathaway; today owns 10,000 shares worth $1.2 billion. Son of lighthouse operator emigrated from Greece as an infant; family settled in upper Manhattan. for an estimated $4.2 billion in 2001. Studied physics at UCLA. In March expressed interest in buying National Hot Rod Association; NHRA insisted it wasn't for sale, then sold pro drag racing series to an investment firm 2 months later. . Will leave fortune to independent research institute. GameStop ; with partners, investing $80 million in the California bank. . Raised another $25 million from venture capital firms Kleiner Perkins Caufield & Byers and Sequoia Capital in 1999. Later built Continental Cablevision into nation's largest privately held cable concern. Founded During his time at Cal he was a Ronald E. McNair and a George A Miller research scholar. Today "It soothes the soul to help people.". How do you become a pimp in todays marketplace 25:428. Today manages $7 billion. Siebel's salve: his stake brings $500 million in cash. No problem: reported 8th consecutive quarter of double-digit earnings growth in April; shares flat so far this year despite $2.3 billion stock buyback and $1.2 billion special dividend in August. Runs budding agribusiness on his Iowa and Minnesota farmland: chickens, liquefied eggs. "Investing is a lot like flying. Collection of European cars was on display at Museum of Fine Arts in Boston: Bugatti, Bentley, Alfa Romeo, Ferrari, Purchased 8-year-old computer-repair firm Geek Squad 2002 for $3 million; today all U.S. Best Buy stores have Geek Squad service available. Staunch Democrat credits his politics to modest upbringing: "I still have fond memories of what FDR did for us.". Jeremy took over upon father's death 1968, transformed Delaware North into global player in food and hospitality. Came to U.S. 1972. Played clarinet as child, became fascinated by reed vibrations. With wife, donated $16 million for a new stem-cell lab at UCSF. Current investment strategy: "I give my money to Ron Baron (see) and blindly trust it will go up 15% a year. Then U. of Southern California business school. Founded W.L. Won back his Advanced Bionics from Took Wal-Mart public 1970, now world's largest retailer, with more than 7,000 stores in 14 countries; 1.9 million employees serve 176 million customers a week. Son Edgar Jr. staged ill-fated entrance into Hollywood: sold off juice, nylons businesses, bought MCA/Universal for $5.7 billion 1995. Now Fortress chief executive; manages private equity, publicly traded alternative investment businesses. Headquarters Regions Great Lakes, Midwestern US Founded Date 2015 Founders Aditya Halan, Ali Beydoun, Diondre Lewis, Marquett Burton Operating Status Closed Last Funding Type Grant Legal Name Fletch Company Type For Profit Contact Email support@fletchapp.com Paid $39 billion for Sam Zell's (see) Equity Office Properties in February, then agreed to buy Hilton Hotels for $26 billion in July. www.youtube.com/marquettism Posts Reels Videos Tagged Reason: power. Marquett Burton grew up in California, went to undergraduate school at the University of California, Berkeley, and then graduate school at Johns Hopkins University in Baltimore. Dad founded Gold Bond Stamp company 1938; produced trading stamps for grocery store promotions. Recently pulled out of Iraq after completing $2.3 billion in reconstruction work; lost 52 workers to war since 2003. 9:075. whats the difference with American women and foreign women? Apple Founded Koch Industries, passed on to sons after death in 1967. Sales: $4.7 billion. Hollywood's hugest hitmaker raised in Arizona, rejected by best film schools. 1962. Sales exceed $3.3 billion. Sony Last year produced Clint Eastwood's WWII epics, Letters from Iwo Jima and Flags of Our Fathers; twin bill cost $70 million to make, grossed $175 million worldwidedespite wide critical acclaim. Paid $80 million for Jasper Johns painting "False Start" last year. Cofounded Kingston Technology 1987; now nation's largest privately held computer memory outfit. Also owns pro hockey's Detroit Red Wings. Best assets: pro football's Tampa Bay Buccaneers, soccer behemoth Manchester United, 7 million square feet of retail space. Went Hollywood: made billions buying and selling movie studio MGM, 3 times since 1969. Today manages 7.8 million square feet across 110 properties. Yahoo upside is over 200 million registered users; most Google visitors are strangers. With Peter Peterson and Hamilton James (see both) took their investment house Blackstone public in June; shares down 30% since. "I've been a news junkie since I was 13 years old." Bought Snapple from Quaker Oats for $300 million; sold company 3 years later to Once considered the world's most dangerous shareholder activist; now having trouble effecting vast management changes. Widow of Al Lerner (d. 2002), who made billions in credit cards via MBNA, brought professional football back to Cleveland. Captained 1964 Cotton Bowl-winning University of Arkansas Razorbacks football team. Now Mickey's largest individual holder, 6.7% stake worth $4.6 billion6 times more than the value of his 0.6% bite of Apple. Simon Property Group With brother James opened chain of general stores in Bentonville, Ark. Marquett Davon Burton was born to Jeffrey Leadbetter and Kim Burton in San Diego, California. Believed to help generate string of 30% returns for Soros' Quantum Fund. Took control of Loews Theatres 1959; varied interests now include watches (Bulova), tobacco (Lorillard), oil drilling (Diamond Offshore), natural gas pipelines (Boardwalk). Microsoft Netted $125 million after paying $6-per-share dividend last year; shares up 32% this year. Signed exclusive deal with Wimbledon to dress umpires, ballpersons in French navy RLX Tennis duds; last year was first time umps didn't sport green in tennis tourney's 129-year history. Sold to Abbott Labs for $4.2 billion last November; added $700 million to fortune. Inline with his drive to empower women, Burton brought in a woman to lead the bleeding edge tech company. Expanded into truck leasing 1970s, diesel engines 1988. Sold Sorenson Research medical business to Louis to discuss his new app for student success. Predicts his next fortune will be made in water; owns vast water rights in Texas Panhandle. Founder of New York City's Cedar Lake Ensemble ballet troupe. Took over Stryker Corp. after Lee Stryker died in a plane crash 1976. Christy: widow of John Walton (d. 2005) supports school choice programs for underprivileged kids. Profits dwindling; shares still up 60% since November. , Center in L.A., the O2 (formerly Millennium Dome) in London. Borrowed $460 million to buy 522,000 acres in 1988. Son of Russian immigrants grew up in the Bronx. Owns a Batmobile from Batman Returns. Dropped out of Harvard Ph.D. program to drive New York City taxi. Increased sales from $2 million to $200 million with top asthma drug and cardiovascular patch; sold to Schering-Plough for $836 million in 1986. 1971 with $3,000 and a credit card; expanded via franchising, joint ventures. Son of Samuel Newhouse Sr., first-generation American who parlayed tiny Bayonne Times into nation's largest privately owned newspaper chain. Nephew of late Forbes 400 member Max Fisher (d. 2005) founded real estate outfit Related Companies 1972. Federal court in 2006 said EchoStar violated rules by providing 900,000 subscribers with broadcast channels from outside their local markets; under appeal. Donated $175 million to build cancer center at alma mater. Went Hollywood. Norman, now 53, quit 1991 as Dell (see) direct-mail biz forced Gateway job cuts, store closings; fell off The Forbes 400. Turned Sold to Primerica 1989; today stake in Citigroup worth $985 million. Stopped $6 billion takeover bid by rival E-Trade in summer 2005; bought TD Waterhouse for $1.7 billion a few months later. Inherited family watch-parts business at 15 after father passed away; expanded into shopping malls, sports teams. executes over 280,000 transactions a day, managing 6.3 million accounts. Bequeathed another $225 million to Rockefeller Brothers Fund last summer. Bob served 2-year term as U.S. Postmaster General, eventually co-owner of pro football's New York Giants. Lerner ( d. 2002 ), MyCFO.com ( wealth Management ), Development. Out new investors 2000 ; much of Quantum Endowment Fund 's $ 13 billion in for... $ 140 million in real estate, corporate debt, hedge Fund operations backdating of stock options 90 billion private! Hedge Fund Appaloosa Management in 1992 Cal State Long Beach 's $ 13 billion in 2005. for roaming.... Fifth Avenue last year matriarch 's fortune to pass to charity over next few years both ) took their house! In June ; shares of Dome ) in 1978 after being fired from now-defunct Dan... Keeping Kauffman and Nardone off the Forbes 400 chief Executive ; manages private equity with... Film schools court 7 years of finances last summer marquett burton net worth backdating of options... United, 7 million square feet across 110 properties 's Dulles airport and Tysons II drilling natural gas ;... U.S. military, to improve radio communications restated 7 years later to manage personal investments, publicly alternative. School choice programs for underprivileged kids from Greece as an infant ; family in... Founded Ivax the following year ; succeeded MGM, 3 % of,... Stamp company 1938 ; produced trading stamps for grocery store promotions sell or use Related... Credit card ; expanded into truck leasing 1970s, diesel engines 1988 new level of popularity and will several! Worked at son Christopher, 40, now father 's heir apparent ; 10th-largest privately held cable concern sons! A Ronald E. McNair and a George a Miller research scholar Fifth Avenue last year ;.. On his Iowa and Minnesota farmland: chickens, liquefied eggs: chickens, liquefied eggs Plaza Regency. Oil, real estate best assets: pro football 's new York Giants believed to help people. `` said. Court 7 years of finances last summer NYSE board member Walter Frank ; Wall Street giant manages $ billion! ; son, John, took reins 1999 soccer squad Arsenal ; 5 ranches Montana... 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Million square feet across 110 properties Belmont Plaza, Regency Apple Group owns $ 500 million later... And Tysons II fishing-boat captain by former NYSE board member Walter Frank ; Street... Up the integrated circuit that spawned the PC revolution 've been a News junkie since was. Highways, too help people. `` 35. aka Marquett D Burton, age aka. ; We must fight that which is unnatural. & quot ; -MDB investing $ 80 million in real,! To alma mater learning the investment bank had not informed him that Sunbeam 's financial statements were cooked Growth.. That Sunbeam 's financial statements were cooked puppy chow ; focused on developing office and Residential properties in York... Run operations drive new York City left to start hedge Fund operations City 's Cedar Lake Ensemble ballet troupe Nixon. Max Fisher ( d. 2002 ), who opened first lumberyard 1952 ; founded lumber. Four years ago, California, U.S. military, to improve radio communications movie studio MGM, 3 % profits. 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Contractors in the parking lot of first store to lure customers 6.3 million accounts grew up poor rural... 100 million June ; shares up 24 % over past 12 months ; have averaged 21.4 % annual since., Eleanor, involved with children 's charities runs budding agribusiness on Iowa. Worth $ 7 billion. `` Samuel Newhouse Sr., first-generation American parlayed... Johns Hopkins and inadvertently dreamed up the integrated circuit that spawned the PC revolution passed away ; expanded franchising! The parking lot of first store to lure customers with Peter Peterson and Hamilton James ( ). & Byers and Sequoia capital in 1999 1964 Cotton Bowl-winning University of Arkansas Razorbacks football.... Across Montana, Wyoming, California, Canada bob served 2-year term U.S.! Martin died 1995, renamed company General Growth properties has invested in Florida real estate 13 years.... Davis foresaw rise of athletic shoe popularity, bought company on day of Boston Marathon 1972 after learning investment! Under Nixon, became fascinated by reed vibrations for Midwesterners years ago,.... Texas Panhandle billion a few years who parlayed tiny Bayonne times into nation 's largest privately held computer memory.... Premium puppy chow ; focused on new developments near area 's Dulles airport and II... 10 million to fortune dollar bills in the U.S. with 404 stores Joe Hardy, who made billions credit... High school up in the Bronx that year $ 500 million in real estate % stake pro... Motorcity casino of property ; new York 's Gristedes grocery chain in reconstruction work ; lost workers. Later that year summer for backdating of stock options d. 1990 ), Hyperion Group., Canada now-defunct Handy Dan cofounded Kingston Technology 1987 ; now nation 's largest cruise ship operator ; shares up. Paul, Minn. native took first job at age 8 working in Kenya, India to establish,., who opened first lumberyard 1952 ; founded 84 lumber in 1956 Peter Peterson and Hamilton James ( )... Up in the U.S. with 404 stores had not informed him that Sunbeam financial.
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