George Lindemann

About George Lindemann

Birth Year: 1936
Birth Place: Palm Beach, Florida, United States
Residence: Palm Beach, Florida, US
Alma mater: Wharton School of the University of Pennsylvania
Occupation: Businessman
Title: Chairman and CEO, Southern Union
Spouse(s): Frayda B. Lindemann
Children: 3

George Lindemann Net Worth

George Lindemann was bornon 1936 in Palm Beach, Florida, United States. In 1971, Lindemann sold his family's eye-care company, Permalens, setting out on a career of dealmaking. One year later he founded cable TV firm Vision Cable, which he sold a decade later to the Newhouse brothers for $220 million. He started cellphone firm Metro Mobile, flipping it to Bell Atlantic for $2.5 billion in 1991, before getting into the energy business. Lindemann sold natural gas pipeline outfit Southern Union to pipeline giant Energy Transfer Equity for $5.7 billion in stock in 2012.
George Lindemann is a member of Investments

💰 Net worth: $3.3 Billion (Updated at 22 June 2018)

2009 $1.45 Billion
2010 $1.5 Billion
2011 $2.1 Billion
2012 $2.2 Billion
2013 $2.8 Billion
2014 $3.8 Billion
2015 $3.6 Billion
2016 $3.2 Billion
2017 $3.4 Billion
2018 $3.22 Billion

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Biography/Timeline

1936

George Lindemann was born to a Jewish family in 1936 in New York City. He received a Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania.

1962

From 1962 to 1972, he served as the President of Smith, Miller and Patch, a pharmaceutical company. He sold Permalens, his family company, to Cooper Labs for $75 million in 1971, and founded Vision Cable in 1972. In 1982, he sold it to Samuel Irving Newhouse, Jr. and his brother for $220 million. Shortly after, he founded a cell phone company called Metro Mobile and later sold it to Bell Atlantic for $2.5 billion in 1991. He was then the CEO of Southern Union, a pipeline company, which was sold in 2012 to Energy Transfer Equity, LP for approximately $2.0 billion. He also owns 19 Spanish-speaking radio stations. He has been the President of Cellular Dynamics and the Managing General Partner of Activated Communications Limited Partnership since 1982. He has been a General Partner of Panhandle Eastern since 1990. He sits on the board of Directors of HI Europe Limited and on the advisory board of Hudson Clean Energy Partners.

2011

Lindemann serves as the President of the board of Directors of the Bass Museum of Art. George Lindemann Sr. lives in Palm Beach, Florida, with further homes on the Upper East Side and in Greenwich, Connecticut. As of September 2011, he is the 736th richest person in the world, and the 220th richest in the United States, with an estimated wealth of US$2.1 billion. He owns a 180-foot schooner, Adela, which has won international sailing competitions. The Lindemanns are members of the Jewish Federation of Palm Beach County.

2016

On the Forbes 2016 list of the world's billionaires, he was ranked #722 with a net worth of US$2.4 billion.