George Lindemann & family

$3.30 B

Ranked #703 in World

About George Lindemann & family

George Lyle Lindemann, a prominent business magnate who passed away in 2018, has left a significant legacy in various industries. Beginning his career at his father's company, The Nestle-LeMur, Lindemann quickly ascended to notable positions, including the presidency at Smith, Miller and Patch. His strategic moves, like selling Permalens to Cooper Labs for $75 million and founding Metro Mobile, which later merged with Bell Atlantic for a staggering $2.5 billion, underscore his business acumen. His net worth peaked at $3.3 billion in 2018, ranking him #703 on Forbes's list of global billionaires. Beyond business, Lindemann's contributions extended to art collection, philanthropy, and political support, demonstrating a multifaceted influence that spanned beyond the corporate world. His journey from a bachelor's degree in economics to a real estate mogul and an art connoisseur exhibits a remarkable trajectory in both personal and professional realms.

Born

March 26, 1936 in New York City, US

Died

June 21, 2018 (aged 82)

Source Of Wealth

Investments

Industries

Finance And Investments

Citizenship

United States

Education

Bachelor of Arts/Science, University of Pennsylvania Wharton School

Spouse

Frayda B. Lindemann

Children

George Lyle Lindemann was born in 1936 in New York City to a Jewish family. He grew up in a privileged environment and attended prestigious schools.

George Lindemann & family: Family

Lindemann was married to Frayda B. Lindemann, who served as the vice-president on the board of the Metropolitan Opera. They had three children together: Adam Marc Lindemann, Sloan Lindemann Barnett, and George Lindemann Jr.

Adam is an art collector, gallerist, columnist, and former polo player. He is married and has five daughters. Sloan sits on the NYU Law School board and runs a natural health products business. She is married with three children. George Jr. is an art collector, investor, and philanthropist. He served time for insurance fraud involving horse killings.

George Lindemann & family: Career Highlights

Lindemann began his business career working for his father's cosmetics and hair care company, The Nestle-LeMur. He later became the president of Smith, Miller and Patch, a pharmaceutical company, from 1962 to 1972.

In 1971, Lindemann sold the family's eye-care company, Permalens, to Cooper Labs for $75 million. He then founded Vision Cable in 1972 and sold it for $220 million in 1982. In 1991, he founded Metro Mobile, a cell phone company, and sold it to Bell Atlantic for $2.5 billion.

Lindemann also acquired Southern Union, a natural gas pipeline company, in 1990 and sold it for $2.0 billion in 2012. He owned 19 Spanish-speaking radio stations and served as the president of Cellular Dynamics and managing general partner of Activated Communications Limited Partnership. Additionally, he was a general partner of Panhandle Eastern and a member of the board of directors of HI Europe Limited and the advisory board of Hudson Clean Energy Partners.

George Lindemann & family: Companies

Lindemann was involved with numerous companies throughout his career, including:

The Nestle-LeMur (cosmetics and hair care)
Smith, Miller and Patch (pharmaceutical)
Permalens (eye-care)
Vision Cable (cable television)
Metro Mobile (cell phone)
Southern Union (natural gas pipeline)
Cellular Dynamics (biotechnology)
Activated Communications Limited Partnership (investment)
Panhandle Eastern (natural gas)
HI Europe Limited (investment)
Hudson Clean Energy Partners (investment)

George Lindemann & family: Major Achievements

Lindemann achieved significant success in various business ventures.

Some of his major achievements include:

Selling Permalens to Cooper Labs for $75 million in 1971
Founding Vision Cable and selling it for $220 million in 1982
Founding Metro Mobile and selling it to Bell Atlantic for $2.5 billion in 1991
Acquiring Southern Union and selling it for $2.0 billion in 2012

George Lindemann & family: Awards & Achievements

Lindemann received numerous awards and recognition for his business accomplishments, including:

Ernst & Young Entrepreneur of the Year Award in 1984
American Business Award in 1985
National Cable Television Association Vanguard Award in 1986
Cellular Telecommunications Industry Association Pioneer Award in 1991

George Lindemann & family: Personal Life & Legacy

Lindemann was known for his philanthropy and support of various cultural and educational institutions. He and his wife donated to Brown University and NYU, where their children attended. They also supported Brown University's Political Theory Project and NYU Law School. The Lindemann Young Artist Development Program at the Metropolitan Opera is named after him and his wife.

Lindemann also made significant contributions to the Greenwich Hospital Foundation and refurbished the Intensive Care Unit. The Lindemann Performing Arts Center is set to open at Brown University in 2023.

In terms of political contributions, Lindemann donated to Republican candidates and supported the Center for Jewish History.

George Lindemann & family: Trivia

Lindemann was the previous owner of Aristotle Onassis's New York City townhouse.
He was a passionate art collector and owned a collection of Cartier timepieces and modern art. Some pieces in his collection were identified as looted Cambodian artifacts and featured in exhibits and publications.
Lindemann served as the president of the board of directors of the Bass Museum of Art.
He owned a 180-foot schooner, Adela, which won international sailing competitions.
Lindemann was a member of the Jewish Federation of Palm Beach County.

Wealth History

Timeline

1936

George Lyle Lindemann is born to a Jewish family in New York City.

1962-1972

Lindemann serves as President of Smith, Miller and Patch, a pharmaceutical company.

1971

Lindemann sells Permalens, the family's eye-care company, to Cooper Labs for $75 million.

1972

Lindemann founds Vision Cable, which he later sells for $220 million in 1982.

1990

Lindemann acquires Southern Union, a natural gas pipeline company, which he later sells for $2.0 billion in 2012.

1991

Lindemann founds Metro Mobile, a cell phone company, which he sells to Bell Atlantic for $2.5 billion.

2012

Lindemann sells Southern Union for $2.0 billion.

2018

George Lyle Lindemann passes away at the age of 82.

George Lindemann & family : FAQs

What is George Lindemann's net worth?

As of 2018, George Lindemann's net worth was $3.30 billion.

What are George Lindemann's main sources of wealth?

George Lindemann's main source of income comes from Investments.

In which industry does George Lindemann primarily operate?

George Lindemann is primarily involved in the Finance And Investments industry.

What is George Lindemann educational background?

George Lindemann holds a Bachelor of Arts/Science from the University of Pennsylvania Wharton School.

Is George Lindemann dead?

Yes, George Lindemann died on June 21, 2018 (aged 82).

How many children does George Lindemann have?

George Lindemann has 3 children.

What were George Lyle Lindemann's major business achievements?

George Lyle Lindemann had numerous business achievements including founding Vision Cable and Metro Mobile, selling them for substantial profits, acquiring and later selling Southern Union, and owning 19 Spanish-speaking radio stations.

Can you detail George Lyle Lindemann's contributions to philanthropy?

George Lyle Lindemann and his family have been notable philanthropists, contributing to Brown University, NYU, the Metropolitan Opera through the Lindemann Young Artist Development Program, Greenwich Hospital Foundation, and the establishment of the Lindemann Performing Arts Center at Brown University.

How significant was George Lyle Lindemann's political contributions and personal connections?

George Lyle Lindemann was a financial supporter of Republican candidates and supported the Center for Jewish History, showcasing his engagement in political spheres in addition to his personal connections such as being married to Frayda B. Lindemann of the Metropolitan Opera board.

What are some unique aspects of George Lyle Lindemann's personal interests and family life?

Beyond his business career, George Lyle Lindemann was an art collector, owned a competitive schooner named Adela, and was actively involved in philanthropy. His family, including his children, are also noted for their contributions to the arts, philanthropy, and business.