Robert Van Kampen
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Robert D. Van Kampen (born 1938; died 1999), was a businessman and member of various organizational boards in the business world and Christian ministry.
Van Kampen's business career took him into the investment banking world, and he became one of the wealthiest men in the United States after founding the investment banking firm Van Kampen Merrit in 1974. In the 1990s, Van Kampen developed what is known today as the “"Pre-Wrath” rapture position, authoring three books on the subject.
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[edit] Biography
Born in Chicago, Illinois; Van Kampen was educated at Wheaton Academy in West Chicago and Wheaton College in Wheaton, Illinois, graduating in 1960.[1]
[edit] Van Kampen Merrit
In 1968 at age 30, Van Kampen left a secure job at a local Chicago brokerage firm to set up his own partnership. In 1974 "The Charger", as he became known, developed a niche bond product when he pioneered insurance coverage for tax-exempt bond funds. After New York City’s near-default in 1975, investors flocked to Van Kampen’s insured unit investment trusts. In 1982, the company broke records in the industry by introducing a $125 million Insured Municipal Income Trust (IMIT), soon followed by an even larger $128.5 IMIT. By 1983, the company now known as Van Kampen Merritt, Inc. had sold nearly $7 billion of trusts and was the nation’s third-largest firm in that arena.[2] In 1984, Van Kampen sold the firm to Xerox Corporation for about $200 million.
[edit] Later businesses
As a strict Christian fundamentalist, Van Kampen was known for applying biblical strictures to the running of his business, and there was a strict code of personal conduct among his many employees. Divorce was frowned on and hard liquor-drinking discouraged.[3]
[edit] Christian works
Most of his works focused on the prewrath rapture position. His three published books were:
- The Sign - A discourse on end times, focusing on PreWrath-Rapture
- The Fourth Reich - A novel about end times
- The Rapture Question Answered
[edit] Trust
The family now controls his former assets, worth approximately $200 million. In the past decade, approximately £12 million was invested into the restoration of Hampton Court and its surrounding gardens and parkland which was sold in January 2008. [4]
The trust also owned Hampton Court, Herefordshire, a later medieval country house converted into a Christian study centre. In the decade until it was sold in January 2008, approximately £12 million was invested into the restoration of Hampton Court and its surrounding parkland, including the creation of the nationally significant Van Kampen garden.[4]
[edit] Personal life
In 1963 he married, and he and his wife had three children.[5] Having initially lived in Wheaton, Illinois, Van Kampen made his home in West Chicago, Illinois, and Michigan. Van Kampen died at age 60, in October 1999, awaiting a heart transplant. [6]
[edit] References
- ^ Emmaus Ministries - Reaching Out to Men Involved in Prostitution
- ^ Milestones Historical Consultants: History of Van Kampen
- ^ The Holy Land Experience - Blending 20 Centuries Into a Living Bible Museum
- ^ News Article
- ^ News Article
- ^ William H Honan (November 4, 1999). Robert Van Kampen, Investor And Bible Collector, Dies at 60. New York Times. Retrieved on 2008-01-14.