Lindner founded the cornerstone of his financial empire, American Financial Corp. (later American Financial Group), in 1959. Edyth Bailey Lindner. 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. Edyth Bailey: Children: Carl Lindner III Craig Lindner Keith Lindner: Carl Henry Lindner Jr. (April 22, 1919 – October 17, 2011) was an American businessman from Norwood, Ohio and … With his three sons, he controlled roughly 42% of American Financial Group, a holding company based in Cincinnati, Ohio, whose primary business is insurance and investments. In 1951, Mr. Lindner married the former Edyth Bailey, with whom he had three sons, all of whom joined their father in business. Associated With. He was 92. [7] 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. He sold his controlling share in the Reds in 2005. University of Cincinnati president Gregory Williams said in a statement that he saw Lindner last week and "he was as gracious and kind as ever.". Carl Henry Lindner Jr. was born in Dayton in 1919 but spent much of his youth in Norwood, a blue-collar suburb of Cincinnati. Mr. Lindner is survived by his wife Edyth (nee Bailey), his sons Carl III (Martha), Craig (Frances) and Keith (Courtney), twelve grandchildren and five great grandchildren. He bought The Cincinnati Enquirer newspaper in 1971, selling it to Combined Communications Corp. in 1975. But he also showed his investment smarts by predicting a decline in the junk-bond market in the late 1980s. Carl Lindner Jr. estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below. He was survived by his wife, the former Edyth Bailey; his sons, Carl III, Craig and Keith; 12 grandchildren; and six great-grandchildren. Lindner married the former Ruth Wiggeringloh of Norwood in 1942. In 1992, Lindner suffered losses of $560 million at Great American Communications and $284 million at Chiquita, leading to a $77 million loss at American Financial. Lindner "understood the impact that his money could have on people and causes in community," Cincinnati mayor Mark Mallory, a Democrat, said Tuesday. Family. 323-603-6905 Phillie Lad. Edited by munira over 2 years ago History. 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, and one of the world's richest people. He was 92. In 2005, Lindner was among 53 entities that contributed the maximum of $250,000 to the second inauguration of President George W. Bush . He then married the former Edyth Bailey in 1951, and they have three sons who all went into the family business: Carl III, Craig and Keith. Showing 1-10 of 172 :: see all. Cincinnati financier Carl Lindner Jr., who used his experience running the family dairy store to build a business empire whose reach included baseball, banks and bananas, has died. Cincinnati financier Carl Lindner Jr., who used his experience running the family dairy store to build a business empire whose reach included baseball, banks and bananas, has died. The chapel is named in honor of Edyth Bailey Lindner, a Southwest Virginia native and current resident of Ohio. Lindner founded the cornerstone of his financial empire, American Financial Corp., in 1959. Restore Our Future PAC Super PAC tied to Mitt Romney He was 92. Details on the memorial service and funeral arrangements will be forthcoming. He and others actively engaged in public relations efforts to present an image of fiscal propriety to the general public[13] while helping to bankrupt individuals and families aiding Central American democracy groups in the 1980s even while they helped Chiquita's cause[citation needed]. Lindner paid his staff handsomely and threw lavish annual parties for them. Lindner supported the Republican Party. In 2005, Lindner was among 53 entities that contributed the maximum of $250,000 to the second inauguration of President George W. Mr. Lindner was born in Dayton, Ohio in 1919, and the family moved to Cincinnati in 1930 when he was 11 years old. In contrast to her grandstanding, Lindner stayed mostly in the background -- save for a lasting memory in 2000 when he picked up Ken Griffey Jr. at the airport in his Rolls-Royce following the blockbuster trade. 323-603-5337 Destyn Blaha. From 1961 until the company went … In this article, we take a look at Carl Lindner Jr.'s net worth in 2021, total earnings, salary, and biography. 323-603-7359 Sukarman Zandi. He became closely associated with Michael Milken and the others in the junk bond field to the extent that his financial institutions invested in the junk bonds of the others. •1996 – The center’s name was changed to The Carl & Edyth Lindner Center for Clinical Cardiovascular Research, to honor the couple who contributed so much to the hospital and the Center •1999 – The Center became an independent •2000 – By this time the Center was conducting multi-specialty medical research trials •2009 – 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, and one of the world's richest people. Carl Lindner Jr & family was born on April 22, 1919 in United States. The donation by Cincinnati Reds CEO Bob Castellini via the foundation he and his wife established played a key role in the hiring of a highly regarded pioneer in the development of … He took over ownership of the Cincinnati Reds baseball team in 1999 and helped engineer a trade … "What more people should know about Mr. Lindner is his inspiring life, and of his efforts to guide generations to succeed the right way," Williams said. After dropping out of school at 14 during the Great Depression, he helped expand his family's dairy business into United Dairy Farmers, a large chain of convenience stores. Father: Carl Henry Lindner, Sr. As he made his wealth, he moved to Indian Hill, where most of Cincinnati's rich and famous live. Details about funeral arrangements and a memorial service are pending, the company statement said. Mother: Clara Serrer Brother: Robert D. Lindner Wife: Edith Bailey (wife #2, m. 31-Dec-1953, three sons) Son: Carl H. Lindner III Son: S. Craig Lindner Son: Keith E. Lindner. An alleged attempt by Lindner to take over Gannett Co. prompted former chairman Al Neuharth to call him a "shark in sheep's clothing.". That launched what became the United Dairy Farmers convenience store chain. Carl Lindner Jr., the founder of United Dairy Farmers, has died. AFG owned the fourth-largest bank in Cincinnati, Provident Bank, and the second-largest savings and loan (Hunter Savings, later merged into Provident. They once owned Bantam Books and the major newspaper of Cincinnati, The Cincinnati Enquirer. House Speaker John Boehner described Lindner as a "job creator who truly loved Cincinnati.". Lindner had a reputation for working long hours in pursuit of the next great deal. In the business world, some critics considered him a ruthless takeover artist. 323-603-7435 Paris Sadosky. He was 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. 323-603-5353 Galrlynde Lister. Lindner supports his Carl H. Lindner Honors-PLUS program within the University of Cincinnati's College of Business. Lindner founded the cornerstone of his financial empire, American Financial Corp. (later American Financial Group), in 1959. He made millions in the 1970s and 1980s by investing, then retreating, from companies. During World War II, with his father's health failing and his brothers being called into military service, Lindner began to direct UDF. Lindner made a name for himself by becoming one of Michael Milken's earliest and most prominent junk-bond players. In 1940, Lindner's father opened one of the nation's first cash-and-carry milk and dairy stores, in Norwood. CINCINNATI — Carl Lindner Jr., a publicity-shy Cincinnati financier known for a shrewdness that forged a business empire, was praised Tuesday for his At his 70th birthday party, Frank Sinatra entertained. He was surrounded by his wife, sons and other family members when he died Monday of causes related to age, his Cincinnati-based company, American Financial Group Inc., said in a statement Tuesday. Mr. Lindner is survived by his wife Edyth (nee Bailey), his sons Carl III (Martha), Craig (Frances) and Keith (Courtney), twelve grandchildren and … By the mid-1960s, when Lindner left UDF to Robert's direction, the chain had more than 100 stores. A person close to the family told The Associated Press that Lindner had been taken to a hospital gravely ill Monday morning. Carl Lindner Jr. is a American Entrepreneur from Ohio. Lindner remained an active partner in the organization after the transaction. In 1975, Lindner began working at American Financial Group, which his father had bought two years prior. Lindner was a part-owner and chief executive officer of the Cincinnati Reds until he sold a majority interest to a group led by Robert Castellini on November 2, 2005, and stepped down as CEO. The company was forced to sell several key assets in a short time, including cartoon creator Hanna-Barbera Productions. 323-603-9014 Osmund Casso. That number has since more than doubled. Even in his later years, he showed no signs of slowing down. In 1978 he was named the Man of the Year by the United Jewish Appeal, and was later named a recipient of the Tree of Life Award for the Jewish National Fund, and was recognized as the largest non-Jewish purchaser of Israel Bonds. Lindner insurance companies began to invest in junk bonds and other Lindner companies began to issue junk bonds. His Great American Insurance Company was once the title sponsor of the Cincinnati Masters tennis tournament. Carl Lindner Jr. died on October 17, 2011, at age 92. [2] In 1997, Lindner was inducted into Junior Achievement's U.S. Business Hall of Fame. He never finished high school because he was so busy. Financier Carl Lindner Jr., who used his experience running the family dairy store to build a business empire whose reach included baseball, banks and bananas, died Monday night. Lindner made the donations in memory of her parents, Mr. and Mrs. H. Carr Bailey. 323-603-2967 Elam Wylde. "Never a man to turn down a worthy cause, Carl's generosity touched countless lives," the Ohio Republican said Tuesday. Whereas the Lindner companies and financial institutions once operated on conservative, cautious principles they later became involved in riskier ventures. During the 2004 election, the Lindner family contributed tens of thousands of dollars to Republicans, including the Republican National Committee and several politicians. Lindner's fortunes began to slide in the late 1980s with the acquisition of Taft Broadcasting, a Cincinnati television and radio company. add relationship edit flag. Delivery boy for family dairy company during the Depression. Lindner had three sons with his second wife, Edyth Bailey: Carl H. Lindner III, 58, president of Great American Insurance Co.; S. Craig Lindner, 56, president of American Annuity Group and senior executive vice president of American Money Management; and Keith Lindner, 52, a former official at Chiquita. He was 92. Charles Keating, also of Cincinnati, was a close friend and colleague of the Lindners. Relationships Interlocks Giving Data. He also played host to Bush and Francois Mitterrand, at the time the president of France, at his vacation home in Ocean Reef, Fla., later that month. Lindner, along with brothers Robert and Richard and sister Dorothy, helped his parents in a succession of dairy businesses, first in Dayton, and then in Cincinnati. With two brothers and … From there they went into the financial and communications fields. The $1.5 billion takeover in 1987 left the new company, Great American Communications, mired in debt. They divorced seven years later with no children. Although Lindner was a devout Baptist[4] he was considered as one of the largest non-Jewish donors to the organized Jewish community in the United States. [3] Phillips Chapel Church honored Lindner with the addition of the Carl Lindner Jr Fellowship Hall. 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. Former Reds partner/CEO Lindner Jr. dies at 92, MLB Stock Watch: First look at win projections, playoff odds and more, Which teams had the best and worst MLB offseason? Bush at his home in 1988. The SEC noted that Lindner companies were the single largest filers of new issues of securities in the U.S. Lindner was repeatedly accused of self-dealing in the corporations under his control; e.g., having such a corporation give him a private aircraft. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! [11][12] The Lindners also control seventy shopping centers around Cincinnati. Bush.[8][9][10]. American Financial Group owned, or held substantial investments in, Charter Co., marketer of fuel to electric utilities; Chiquita Brands International Inc., one of the world's largest food producers, and Great American Insurance Co. His financial support for the University of Cincinnati, which named its business school after him, and various charities earned him a reputation as a philanthropist. Let's check, How Rich is Carl Lindner Jr. in 2020-2021? ), Gulf+Western (later Paramount Communications, now part of Viacom and CBS Corporation), Warner Communications, Kroger (a major supermarket chain in the eastern U.S.), Great American Broadcasting, General Cable and Penn Central. Cincinnati financier Carl Lindner Jr., who used his experience running the family dairy store to build a business empire whose reach included baseball, banks and bananas, has died. 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). Carl H. Lindner III, 58, is president of Great American Insurance Co. Our favorite (and least favorite) moves of the winter, Ex-Rangers OF Choo signs to play in S. 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The Lindner family has supported several Cincinnati private schools, including Cincinnati Hills Christian Academy, which was founded by the Lindners. 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. Carl H Lindner American Financial Group • husband (past) Donation/Grant Recipients. "Of course, Carl was always a couple years ahead of the pack," said James Dahl, a former bond seller for Milken. 323-603-0317 Marmara Howry. CINCINNATI (AP) — Cincinnati financier Carl Lindner Jr., who used his experience running the family dairy store to build a business empire whose reach included baseball, banks and bananas, has From 1961 until the company went private in 1981, American Financial's portfolio made more than 60 times its original investment as Lindner diversified into banks, insurance and assorted industries. Mr. Lindner founded the cornerstone of his financial empire, the American Financial Corporation (later American Financial Group), in 1959. He was publicity-shy, yet he held a fundraiser for presidential candidate George H.W. Administrator: Benefactor, Cincinnati Hills Christian Academy, Cincinnati, OH American Financial Group Chiquita Brands CEO (1984-2001) Lindner's three sons, by second wife Edyth Bailey, all followed him into the family business. Lindner donated to charitable causes and political campaigns. Lindner became controlling partner and chief executive officer of the Cincinnati Reds in a 1999 deal that ended Marge Schott's rocky 15-year reign as owner. Carl Henry Lindner Jr. (April 22, 1919 – October 17, 2011) was an American businessman from Norwood, Ohio, and one of the world's richest people. From 1961 until the company went … Carl Lindner III was born to Carl Lindner Jr. and Edyth Bailey in 1953 in Cincinnati, Ohio. In 1993, Lindner filed for "prepackaged" bankruptcy to restructure debts of Great American Communications. Lindner was chairman of Cincinnati-based American Financial Group, a publicly traded financial holding company that had more than $17 billion in assets. 323-603-9608 Itesel Clucas. You must have had some missed calls from 855-843 unknown caller and you wondered who called you and whose number it is. Lindner, who said an early loan from Isaac Wolfson inspired him to never forget his gratitude to the Jewish people, donated to such causes in multiple occasions, including $1 million in a 1991 fundraiser and $5 million in 2004. [14], "Forbes.com: Forbes World's Richest People 2004", The Enquirer - This article is no longer available, Cincinnati.com: "Carl Henry Lindner: 1919–2011 – Billionaire investor, dead at 92, was Cincinnati's biggest benefactor" by Cliff Peale, "Carl Lindner Jr., major non-Jewish donor to Jewish causes, dies", "Golden Plate Awardees of the American Academy of Achievement", "Republicans Name 62 Who Raised Big Money", "Donors get good seats, great access this week", "Some question inaugural's multi-million price tag", "Carl Lindner Jr., 1919-2011 - Cincinnati Business Courier", "PROVIDENT BANCORP RECEIVES REGULATORY APPROVALS FOR HUNTER SAVINGS ASSOCIATION MERGER - Free Online Library", "Carl H. Lindner Jr., Founder of American Financial, Dies at 92", https://en.wikipedia.org/w/index.php?title=Carl_Lindner_Jr.&oldid=1003491780, American chief executives of professional sports organizations, Infobox person using certain parameters when dead, Articles with unsourced statements from May 2019, Creative Commons Attribution-ShareAlike License, This page was last edited on 29 January 2021, at 06:17. Lindner donated most of the money to fund the chapel, as well as the money to buy a large stained-glass window. Carl Lindner also had major investments in United Brands (formerly known as United Fruit - Chiquita Bananas which included plantations in El Salvador and other Central American countries. He had two sons with his wife Edyth Bailey. In 2009, Forbes magazine estimated Lindner's personal wealth at $1.75 billion, placing him among the 400 richest Americans. According to the 2006 issue of Forbes's 400 list, Lindner was ranked 133rd and was worth an estimated $2.3 billion.[1]. He received a Bachelor of Business Administration degree from the University of Cincinnati in 1975. Get phone number 855-843 details such as Name, Location & other details. "I'm working over 80 hours a week and have to keep on track," he once told a reporter in explaining why he usually refused interview requests. ... religious, cultural and civic organizations. Mikaeli Lindner. Lindner, along with brothers Robert and Richard and sister Dorothy, helped his parents in a succession of dairy businesses, first in Dayton, and then in Cincinnati. Carl Lindner Jr & family was born on April 22, 1919 in United States. Lindner ruled over a complex maze of corporations with nearly 70,000 employees worldwide.
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