Norton Simon
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Norton Winfred Simon (February 5, 1907-June 1, 1993), in the United States was a billionaire industrialist and philanthropist based in California. A significant art collector, he is the namesake of the Norton Simon Museum in Pasadena, California.
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[edit] Early life
Born into a successful Jewish family in Portland, Oregon, he attended high school in San Francisco, graduating in 1924. At his father's insistence, in 1925 he enrolled in the University of California, Berkeley, but left his pre-law studies within the first six weeks to found a sheet metal distribution company. He enjoyed early success and invested $7000 in 1927 in an orange juice bottling plant in Fullerton which was insolvent and renamed it Val Vita Food Products Company. He soon added other fruit and vegetables to the product lines and purchased canning equipment.
[edit] Business career
As one of the first of his significant corporate moves, Simon sold Val Vita to Hunt Inc. in return for a controlling interest in the combined business. By 1943 he changed the company's name to Hunt Foods, Inc. and ran it with strict cost-controls and an unorthodox approach to marketing. During and after World War II, Simon focused on product visibility. Uncharacteristically for a food company at the time, he acquired full page advertisements in Vogue and Life magazines with full-color photos of Hunt's ketchup bottles and tomato sauce cans. His aggressive advertising ensured the company's slogan "Hunt for the best" was prominent. His marketing strategy worked, and by 1945 Hunt Foods became a household name and one of the largest food processing businesses on the West Coast. Hunts is now part of ConAgra Foods, Inc..
With the growing profits from Hunt Foods, he began buying stock in other undervalued companies with growth potential, many of which were still undervalued following the loss of confidence in equities after the Great Depression. He diversified through acquisition into well known businesses such as McCall's Publishing, the Saturday Review of Literature, Canada Dry Corporation, Max Factor cosmetics and Avis Car Rental, through his holding company Norton Simon Inc. Many of these businesses had extensive interests outside the United States.
[edit] Art collection
Simon also accumulated one of the world's most significant private art collections which included works of the Impressionists, Old Masters and modern and native art. He served as a trustee of the Los Angeles County Museum of History, Science and Art and supported the development of the LA County Museum of Art. Simon initially lent most of his art collection to that Museum although as it expanded he pioneered the "museum without walls" concept by actively lending his collection to different museums around the world.
[edit] Later life
In 1969, his son Robert Simon committed suicide. The following year, he and his wife Lucille Ellis were divorced. He was married to actress Jennifer Jones in 1971. He also retired from active involvement in his business in 1969. He accepted appointments to the University of California Board of Regents, the Carnegie Commission on the Future of Higher Education, the boards of Reed College, the Los Angeles Music Center, the California School of Professional Psychology at Alliant International University, and the Institute for Advanced Study. In 1970, Mr. Simon contested the California Republican Primary for the United States Senate unsuccessfully.
By early 1974, Mr. Simon had begun to seek a permanent home for his large collection. He welcomed an overture from the financially strapped Pasadena Museum of Modern Art, and ultimately assumed control and naming rights.
He was diagnosed in 1984 with the neurological disorder Guillain-Barré syndrome although he remained active in the Norton Simon Museum until his death in Beverly Hills in 1993.
