Michael Price
From Wikipedia, the free encyclopedia
- Michael F. Price redirects here. For other persons of the same name, see Michael Price (disambiguation)
Michael F. Price (born 1953-05-17) is a value investor and fund manager in Far Hills, New Jersey.
Contents |
[edit] Career
He began his career in 1975 when he joined Max Heine at Mutual Series. In 1982, he became a full partner[1] and when Heine died in 1988, became the president and chairman. In 1996, Mutual Series was merged into Franklin Templeton Investments. In 1998, Price stepped down from day-to-day fund management duties but continued as chairman of the company, and in 2001, he left the firm to begin his own fund company.[2]
Price got his start with Max Heine at Mutual Series, where he became chairman and president in 1988. Ten years later he sold Heine Securities, the investment advisor to Mutual Series Fund, to Franklin Resources for $670 million. And in 2001, he started his own company, MFP Investors, which has about $1.6 billion under management. He is ranked 664 on Forbes' list of the world's billionaires.
[edit] Personal life
He is married and has 4 children, and with an estimated current net worth of around $1.4 billion, he is ranked by Forbes as the 562-richest person in the world.[3]
He has donated tens of millions of dollars to his alma mater, the University of Oklahoma.[4] The OU College of Business, one of its buildings, and a large endowment bear his name.[5] The CCTM, officially opening in June 2008 at the Albert Einstein College of Medicine in the Bronx, bears his name too.
[edit] Education
- University of Oklahoma, Bachelor of Business Administration, 1973.
[edit] References
- ^ The Oklahoma City Journal Record Dec 12, 2005.
- ^ Franklin Templeton History of Mutual Series and Heine Securities
- ^ Forbes 2006 list Michael Price
- ^ Business Week April 25, 1997
- ^ About Price College Oklahoma University
[edit] External links
- GuruFocus page for Michael Price
- StockPickr page for Michael Price
- Price College of Business Oklahoma University
| Persondata | |
|---|---|
| NAME | Price, Michael F. |
| ALTERNATIVE NAMES | |
| SHORT DESCRIPTION | Businessman; investor; philanthropist |
| DATE OF BIRTH | 1953 |
| PLACE OF BIRTH | |
| DATE OF DEATH | |
| PLACE OF DEATH | |
 |
This article about an American businessperson born in the 1950s is a stub. You can help Wikipedia by expanding it. |
