Michael F. Price

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Michael F. Price
Born July 3, 1951 (1951-07-03) (age 62)
Glen Cove, New York
Residence Far Hills, New Jersey
Ethnicity Jewish
Citizenship United States
Education University of Oklahoma
Occupation investor and fund manager
Net worth Decrease US $ 1.25 billion (Sept 2013)[1]
Spouse(s) Married
Children four

Michael F. Price (born July 3, 1951) is a value investor and fund manager in Far Hills, New Jersey.

Early life and education

Price was born on July 3, 1951[2] to a Jewish family[3] in Glen Cove, New York.[2] His father ran a chain of clothing stores.[4] In 1973, he earned a B.A. from the University of Oklahoma.[1]

Career

In 1974, he accepted a job with Max Heine[4] at Mutual Series. In 1982, he became a full partner[5] 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.[6]

Philanthropy

He has donated tens of millions of dollars to his alma mater, the University of Oklahoma, and the fraternity he was a member of there, Beta Theta Pi.[7] The OU College of Business, one of its buildings, and a large endowment bear his name.[8] The CCTM, officially opening in June 2008 at the Albert Einstein College of Medicine in the Bronx, bears his name too.

Personal life

Price is married and has four children.[1]

References

  1. ↑ 1.0 1.1 1.2 Forbes: the World's Billionaires: Michael Price September 2013
  2. ↑ 2.0 2.1 New York Times: "Manager's Profile; Michael F. Price" By Carole Gould June 20, 1993
  3. ↑ Forbes Israel: Jewish Billionaires - Profile of Michael Price April 14, 2013 (in Hebrew)
  4. ↑ 4.0 4.1 New York Times: "Chase Investor Shows Impressive Record" By FLOYD NORRIS April 06, 1995
  5. ↑ The Oklahoma City Journal Record Dec 12, 2005.
  6. ↑ Franklin Templeton History of Mutual Series and Heine Securities
  7. ↑ Business Week April 25, 1997
  8. ↑ About Price College Oklahoma University

External links

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