Thomas Hagen & family

$4.96 B

Ranked #832 in World

About Thomas Hagen & family

Thomas Bailey Hagen, an American billionaire and renowned chairman of Erie Insurance Group, has been a key figure in the finance industry. Born around 1935, Hagen’s tenure at Erie spanned four decades, including serving as CEO from 1990 to 1993. A Penn State Behrend alumnus and Ohio State University graduate, he also played a major role in Pennsylvania's economic development as its Secretary from 1995 to 1997. His contributions extend to philanthropy and urban renewal in Erie, Pennsylvania.

Born

January 01, 1936

Age

90 years

Source Of Wealth

Insurance

Industries

Finance & Investments

Citizenship

United States

Residence

Erie, Pennsylvania

Education

Bachelor of Arts/Science, Ohio State University

Thomas Bailey Hagen, an American billionaire businessman, was born around 1935 or 1936. Unfortunately, specific details about his early years and childhood are not publicly available.

Thomas Hagen & family: Family

Thomas Bailey Hagen is married to Susan Hirt Hagen, the daughter of Erie Insurance co-founder H. O. Hirt. Together, they have two children: Jonathan Hirt Hagen and Sarah Hagen McWilliams.

Thomas Hagen & family: Career Highlights

Thomas Bailey Hagen has had a remarkable career spanning over four decades. He worked for Erie Insurance Group for over 40 years, holding various leadership positions. From 1990 to 1993, he served as the CEO of Erie Insurance Group, guiding the company through a period of growth and success.

In addition to his corporate career, Thomas Bailey Hagen also served in the public sector. From January 1995 to March 1997, he held the position of Secretary of Commerce and then Secretary of Community & Economic Development for the state of Pennsylvania.

Thomas Hagen & family: Companies

Thomas Bailey Hagen is primarily associated with Erie Insurance Group, where he held various leadership positions throughout his career, including serving as the Chairman and CEO.

Thomas Hagen & family: Major Achievements

Thomas Bailey Hagen's major achievements include his successful leadership of Erie Insurance Group, guiding the company to new heights of growth and financial stability. He also made significant contributions to the state of Pennsylvania during his tenure as Secretary of Commerce and Secretary of Community & Economic Development.

Thomas Hagen & family: Awards & Achievements

Thomas Bailey Hagen has received numerous awards and recognitions for his contributions to the business and civic communities. Specific details about these awards are not publicly available.

Thomas Hagen & family: Personal Life & Legacy

Thomas Bailey Hagen currently resides in Erie, Pennsylvania. He is known for his philanthropic efforts, including a generous donation of $1.5 million to Mercyhurst University's history department in 2017, which was subsequently renamed in his honor.

Hagen is also actively involved in restoration efforts in Erie, Pennsylvania, in collaboration with Erie Insurance Group.

Thomas Hagen & family: Trivia

Additional trivia or interesting facts about Thomas Bailey Hagen could not be found in the provided information.

Wealth History

Timeline

Circa 1935/1936

Thomas Bailey Hagen is born.

1953

Hagen attends Penn State Behrend.

1955

Hagen leaves Penn State Behrend.

1957

Hagen earns a bachelor's degree from Ohio State University.

1990

Hagen becomes CEO of Erie Insurance Group.

1993

Hagen steps down as CEO of Erie Insurance Group.

January 1995

Hagen becomes Secretary of Commerce for Pennsylvania.

March 1997

Hagen becomes Secretary of Community & Economic Development for Pennsylvania.

June 15, 2015

Hagen's wife, Susan Hirt Hagen, passes away.

2017

Hagen donates $1.5 million to Mercyhurst University's history department, which is renamed in his honor.

Thomas Hagen & family : FAQs

What is Thomas Hagen's current net worth?

Thomas Hagen's current net worth is $4.96 billion.

What is Thomas Hagen's current global rank among billionaires?

Thomas Hagen holds the 832nd position globally among billionaires.

What is Thomas Hagen's current ranking within the United States?

Thomas Hagen holds the 311th position in United States.

What was the change in Thomas Hagen's net worth compared to the previous year?

Thomas Hagen's net worth decreased by 632.52 million dollars compared to the previous year 2025, when his net worth was 5.59 billion dollars.

What is the recent change in Thomas Hagen's net worth?

Thomas Hagen's net worth increased by 57.2 million dollars recently, a 1.15% increase, with his net worth standing at 4.96 billion dollars.

What are Thomas Hagen's main sources of wealth?

Thomas Hagen's main source of income comes from Insurance.

In which industry does Thomas Hagen primarily operate?

Thomas Hagen is primarily involved in the Finance & Investments industry.

What is Thomas Hagen educational background?

Thomas Hagen holds a Bachelor of Arts/Science from Ohio State University.

How old is Thomas Hagen?

Thomas Hagen is 90 years old.

How many children does Thomas Hagen have?

Thomas Hagen has 2 children.

Who is Thomas Bailey Hagen and what is his role at Erie Insurance Group?

Thomas Bailey Hagen is an American billionaire businessman who served as the CEO of Erie Insurance Group from 1990 to 1993 and currently holds the position of Chairman. He has been associated with Erie Insurance for over four decades.

Where did Thomas Bailey Hagen study before attending Ohio State University?

Thomas Bailey Hagen attended Penn State Behrend from 1953 to 1955, before earning his bachelor's degree from Ohio State University in 1957.

What roles did Thomas Bailey Hagen serve in the Pennsylvania state government?

Thomas Bailey Hagen served as Secretary of Commerce and then as Secretary of Community & Economic Development for Pennsylvania from January 1995 to March 1997.

How has Thomas Bailey Hagen contributed to the Erie, Pennsylvania community?

Thomas Bailey Hagen has made significant contributions to the Erie, Pennsylvania community, including a $1.5 million donation to Mercyhurst University's history department and being actively involved in restoration efforts with the Erie Insurance Group.

What is known about Thomas Bailey Hagen's family?

Thomas Bailey Hagen was married to Susan Hirt Hagen, daughter of Erie Insurance co-founder H. O. Hirt, until her passing in 2015. They had two children: Jonathan Hirt Hagen and Sarah Hagen McWilliams, and he currently resides in Erie, Pennsylvania.