Darwin Deason

About Darwin Deason

Birth Place: Dallas, Texas, United States
Residence: Dallas, Texas
Occupation: Businessman

Darwin Deason Net Worth

Darwin Deason was born in Dallas, Texas, United States. A former Arkansas farm boy whose family often didn't have a dollar to spare for the movies, Darwin Deason left his small town the day after he graduated high school, with $50 borrowed from his dad and a 1949 Pontiac. He headed for the "bright lights, big city" of Tulsa, Oklahoma and got a job at Gulf Oil. He eventually joined Dallas data-processing firm MTech and later took it over after all but his division failed. Deason became CEO at age 29, sold MTech in 1988 and within days started Affiliated Computer Services to handle computer and other business process services. It eventually handled services for clients such as E-ZPass. He later took ACS public and then sold it to Xerox for $6.4 billion in 2010. Deason, who once said that "if success is a happy family, coaching your kids' games, then don't become an entrepreneur," is married to his fifth wife, Katerina, 27 years his junior. They split their time these days between Dallas, San Diego and their 205-foot yacht "Apogee."
Darwin Deason is a member of Service

💰 Net worth: $1.29 Billion (Updated at 22 June 2018)

2010 $1 Billion
2011 $1.05 Billion
2012 $1.1 Billion
2013 $1 Billion
2014 $1.1 Billion
2015 $1.5 Billion
2016 $1.4 Billion
2017 $1.2 Billion
2018 $1.32 Billion

Some Darwin Deason images

Biography/Timeline

1988

Deason grew up on a farm near Rogers, Arkansas. He moved to Tulsa, Oklahoma after graduating from high school, and he got a job at Gulf Oil. Deason got a job for a data processing company, and eventually took control of a struggling Dallas company that he renamed MTech. After selling MTech, Deason founded Affiliated Computer Services in 1988. ACS became one of the first companies to outsource office work to places outside of the United States. The company went public in 1994. Deason retired as CEO of the company in 1999, but remained chairman.

2007

In 2007, Deason attempted to buy control of ACS with the help of Cerberus Capital Management, but the deal collapsed and members of the A.C.S. board resigned in protest. In 2009, Deason negotiated a deal to sell A.C.S. to Xerox. Shareholders sued Deason due to the premium that Deason received in the deal, but the sale went through in 2010.

2012

Deason and his family donated $250,000 to support Rick Perry's 2012 presidential candidacy.

2015

In October 2015, Darwin Deason backed Ted Cruz for the 2016 campaign

2016

Deason also donated $5 million to support Perry's 2016 presidential candidacy. After Perry dropped out of the race, Deason asked for his money back. Deason's son, Doug Deason is a member of the Koch Brothers political network. Deason and his family donated $1 million to support Donald Trump's 2016 presidential candidacy.

2017

During the 2017 attempt to repeal the Affordable Care Act, Doug Deason told Senator Mitch McConnell and other senior Republicans that they would not make political contributions if Congress did not reduce taxes and repeal the Affordable Care Act.