George Pedersen & family: George Pedersen & family Net Worth, Biography, Age, Spouse, Children & More

About George Pedersen & family

George J. Pedersen, an influential American billionaire and the visionary co-founder of ManTech International, a leading defense and intelligence contractor, has passed away at the age of 87. Born on Staten Island in 1935, Pedersen's remarkable journey in the government contracting industry began with a pivotal contract with the US Navy, ultimately spearheading ManTech's growth to a powerhouse with over $400 million in annual revenue and a successful Nasdaq debut in 2002. Throughout his nearly five decades as CEO and later as Executive Chairman, Pedersen's strategic leadership and innovative contributions, including his final act of approving ManTech's acquisition by The Carlyle Group in 2022, solidified his status as a pioneering figure in the field. His legacy, valued at an estimated net worth of $1.3 billion as of 2023, continues to inspire in the defense sector and beyond.

Born

August 18, 1935 in Staten Island

Died

May 22, 2023 (aged 87)

Source Of Wealth

Defense Contractor

Industries

Manufacturing

Citizenship

United States

Residence

McLean, Virginia

Spouse

Marylyn Pedersen

Children

George J. Pedersen was born on August 18, 1935, in Staten Island, New York. Information about his early years and childhood is not publicly available.

George Pedersen & family: Family

Details about George J. Pedersen's family, including his parents, siblings, and personal relationships, are not publicly known.

George Pedersen & family: Career Highlights

George J. Pedersen is best known as the co-founder of ManTech International, a prominent defense and intelligence contractor. He played a pivotal role in shaping the company's growth and success over several decades.

George Pedersen & family: Companies

George J. Pedersen's primary business venture was ManTech International, which he co-founded with Franc Wertheimer. ManTech started with a single contract with the US Navy and grew to become a significant player in the defense and intelligence industry.

George Pedersen & family: Major Achievements

Under George J. Pedersen's leadership, ManTech International achieved several notable milestones. The company started trading on Nasdaq in 2002 and reached an annual revenue of $400 million. Pedersen's contributions to the defense industry earned him recognition as a government contracting pioneer.

George Pedersen & family: Awards & Achievements

George J. Pedersen received the prestigious James Forrestal Industry Leadership Award from the National Defense Industrial Association (NDIA) in recognition of his outstanding contributions to the defense industry.

George Pedersen & family: Personal Life & Legacy

Details about George J. Pedersen's personal life, including his interests, hobbies, and philanthropic activities, are not widely known. His legacy lies in his successful entrepreneurship and leadership in the defense and intelligence sector.

George Pedersen & family: Trivia

George J. Pedersen's net worth was estimated at $1.3 billion as of 2023, making him a prominent figure in the business world. He retired from ManTech International in 2022 after a remarkable career spanning almost five decades.

Wealth History

Timeline

August 18, 1935

George J. Pedersen is born in Staten Island, New York.

1960s

Pedersen founds ManTech International with Franc Wertheimer. The company starts with a single contract with the US Navy.

2002

ManTech starts trading on the Nasdaq stock exchange.

2017

Pedersen retires as CEO of ManTech after almost five decades at the helm.

2018

Pedersen becomes Executive Chairman of ManTech.

2020

Pedersen steps down as Chairman of ManTech's Board of Directors.

2022

Pedersen retires from ManTech amid reports of considering the sale of his controlling stake in the company. The Pedersen family approves the sale of ManTech to The Carlyle Group.

May 22, 2023

George J. Pedersen passes away at the age of 87.

George Pedersen & family : FAQs

What is George Pedersen's net worth?

As of 2023, George Pedersen's net worth was $1.30 billion.

What are George Pedersen's main sources of wealth?

George Pedersen's main source of income comes from Defense Contractor.

In which industry does George Pedersen primarily operate?

George Pedersen is primarily involved in the Manufacturing industry.

Is George Pedersen dead?

Yes, George Pedersen died on May 22, 2023 (aged 87).

How many children does George Pedersen have?

George Pedersen has 3 children.

Who was George J. Pedersen and why is he significant?

George J. Pedersen was an American billionaire and co-founder of ManTech International, a major defense and intelligence contractor. He is noted as a government contracting pioneer with a net worth estimated at $1.3 billion as of 2023.

How did George J. Pedersen make his fortune?

George J. Pedersen made his fortune by founding ManTech International with Franc Wertheimer. The company, which started with a single contract with the US Navy to build war-game models, eventually became a major contractor in the defense and intelligence sectors.

What was George J. Pedersen's role at ManTech International?

George J. Pedersen served as the CEO of ManTech International for almost five decades until his retirement in 2017. He also served as Chairman of ManTech's Board of Directors until 2020 and was its Executive Chairman from 2018 to 2020.

What are some key milestones in George J. Pedersen's career with ManTech?

Under George J. Pedersen's leadership, ManTech started trading on Nasdaq in 2002 and achieved annual revenues of $400 million. Additionally, he guided the company until its sale to The Carlyle Group in 2022, after retiring and considering the sale of his controlling stake.

When did George J. Pedersen pass away, and what awards did he receive?

George J. Pedersen passed away on May 22, 2023. He was a recipient of the NDIA's James Forrestal Industry Leadership Award, recognizing his significant contributions to the defense industry.