Amos Hostetter Jr.

Last updated
Amos B. Hostetter Jr.
Born
Amos Barr Hostetter Jr.

(1937-01-12) January 12, 1937 (age 87)
New Jersey, US [1]
NationalityAmerican
Alma mater Amherst College (B.A., Economics, 1958)
Harvard University (M.B.A., 1961)
Known forMediaOne/Continental Cablevision
SpouseBarbara Lynn Walsh [2]
Children3 children [3]
ParentAmos Hostetter Sr.

Amos Barr Hostetter Jr. (born January 12, 1937) is an American businessman, who was the founder, chairman, and CEO of Continental Cablevision. With an estimated current net worth of around $3.5 billion, he is ranked by Forbes as the 538th richest person in the world as of 2020. [4] He has also served as the chairman of C-SPAN.

Contents

Early life and education

Hostetter is the son of the late Amos Hostetter, a prominent trader at Commodities Corporation and Hayden Stone. He attended the Pingry School for his secondary education and graduated in the Class of 1954. [5] After graduating from Amherst College in 1958 with a B.A. in Economics, he obtained a M.B.A. from Harvard University in 1961.

Career

In 1963, Hostetter and his college roommate and fraternity brother, H. Irving Grousbeck, founded Continental Cablevision in Fostoria, Ohio and Tiffin, Ohio. At the time of the company's sale in 1996 to US West, it was the largest privately owned cable company.

Hostetter is currently chairman of Pilot House Associates, LLC.

In 1999, Amos and his wife, Barbara Walsh founded the Barr Foundation which has given out over $710 million in the 21 years since. In 2016, the foundation had assets totaling $1.6 billion and focuses its philanthropy in the Boston region. [6]

Personal life

In 1982, Hostetter married Barbara Lynn Walsh of Lakeville, Connecticut in an Episcopal ceremony. [2] They have three children: Caroline, Elizabeth, and Tripp. [3]

In 2003, Hostetter purchased the historic Second Harrison Gray Otis House on Mount Vernon Street in Boston for an estimated $12 million. [7]

He is a Life Trustee at Amherst College, his alma mater. Barbara and Amos founded the Barr Foundation in Boston and remain trustees. [8] The $1.6 billion foundation, one of the state's largest philanthropies, makes grants for the arts, education, and climate change. [9] Hostetter donated to the Lincoln Project, a Republican-led super PAC. [10]

Related Research Articles

<span class="mw-page-title-main">Bernard Marcus</span> American billionaire businessman

Bernard Marcus is an American billionaire businessman. He co-founded The Home Depot. He was the company's first CEO and first chairman until retiring in 2002.

Edward Crosby "Ned" Johnson III was an American billionaire businessman who, along with daughter Abigail Johnson, owned and ran Fidelity Investments and Fidelity International until his death in March 2022. In April 2021, his net worth was estimated at US$8.2 billion.

Christy Ruth Walton is the widow of John T. Walton, one of the sons of Sam Walton, the founder of Walmart.

Bruce Stanley Kovner is an American billionaire hedge fund manager and philanthropist. He is chairman of CAM Capital, which he established in January 2012 to manage his investment, trading and business activities. From 1983 through 2011, Kovner was founder and chairman of Caxton Associates, a diversified trading company. As of April 2024, his net worth was estimated at US$7.7 billion.

<span class="mw-page-title-main">John Abele</span> American businessman

John E. Abele is an American businessman, and the co-founder and a director of Boston Scientific, a medical device company. He was awarded the ASME Medal in 2010. As of May 2022, his net worth was estimated at US$640 million. He was first a billionaire on the Forbes 400 list in 1996, but has since given away much of his wealth.

<span class="mw-page-title-main">David Rubenstein</span> American lawyer and businessman (born 1949)

David Mark Rubenstein is an American lawyer, businessman, and philanthropist. A former government official, he is a co-founder and co-chairman of the private equity firm The Carlyle Group, a private equity firm based in Washington, D.C. Rubenstein is also the principal owner of the Baltimore Orioles of Major League Baseball (MLB), acquiring them in 2024 for $1.7 billion.

David Sanford "Sandy" Gottesman was an American businessman, billionaire, and philanthropist. He founded First Manhattan Co. (FMC), and was noted for his friendship with Warren Buffett.

<span class="mw-page-title-main">John Sall</span>

John P. Sall is an American billionaire businessman and computer software developer, who co-founded SAS Institute and created the JMP statistical software.

Thomas Haskell Lee was an American businessman, financier, and investor credited with being one of the early pioneers in private equity and specifically leveraged buyouts. Thomas H. Lee Partners (THL), the firm he founded in 1974, is among the oldest and largest private equity firms globally. At the time of his death, he was the managing partner of Lee Equity Partners, a private equity firm he founded in 2006 after leaving Thomas H. Lee Partners. According to Forbes, he had a net worth of $2 billion at the time of his death.

Harold Irving "Irv" Grousbeck is an American entrepreneur, professor at Stanford Business School, and co-owner of the National Basketball Association basketball franchise the Boston Celtics.

<span class="mw-page-title-main">Hansjörg Wyss</span> Swiss businessman and Democratic megadonor

Johann Georg Wyss known as Hansjörg Wyss is a Swiss billionaire businessman and donor to politically liberal and environmental causes in the United States. He is the founder and former president and chairman of Synthes, a medical device manufacturer. His Wyss Foundation has more than $2 billion in assets. As of 2023, Wyss had a net worth of US$4.7 billion, according to Forbes. Having donated hundreds of millions of dollars to environmental causes, he has more recently increased his donations to groups promoting progressive causes. He is the co-owner of Premier League football club Chelsea.

Phillip Terrence "Terry" Ragon is an American entrepreneur and philanthropist who founded InterSystems and is the current CEO.

Edward H. Linde was an American real estate developer and philanthropist in Boston, Massachusetts. Alongside Mortimer B. Zuckerman, he co-founded Boston Properties in 1970.

Stephen Frank Mandel Jr. is an American hedge fund manager, investor, and philanthropist. He founded Lone Pine Capital in 1997, after working as the managing director at Tiger Management. According to Forbes, Mandel has an estimated net worth of US$3.9 billion as of August 2022.

Clemmie Dixon Spangler Jr. was an American billionaire businessman, and the owner of National Gypsum. On the Forbes 2016 list of the world's billionaires, he was ranked #722 with a net worth of US$2.4 billion. He was president of the University of North Carolina from 1986 to 1997.

Hamilton Evans "Tony" James is an American billionaire investment banker. He is the former president, chief operating officer, and executive vice chairman of Blackstone, a New York–based global asset management firm. James has been chairman of the multinational retail chain Costco from August 2017. Since 2021, he has been co-chair of the board of trustees of the Metropolitan Museum of Art in New York.

Alexander Knaster is a British businessman. A billionaire, he is founder of Pamplona Capital Management. He is documented to giving large donations to the Conservative Party in The United Kingdom.

Thai Lee is a Thai-born Korean American billionaire businesswoman, the co-owner, CEO and president of SHI International, reported by Forbes to be the largest woman-owned business in the US. In 2019, she was the 5th wealthiest Self-Made Woman in America, with the net worth of US$3 billion.

<span class="mw-page-title-main">Robert F. Smith (investor)</span> American businessman and philanthropist (born 1962)

Robert Frederick Smith is an American billionaire businessman and philanthropist. He is the founder, chairman, and CEO of private equity firm Vista Equity Partners. He graduated from Cornell University with a chemical engineering degree and from Columbia Business School with an MBA, before working as an investment banker at Goldman Sachs. In 2019, while delivering the commencement speech at Morehouse College, Smith pledged to pay off the entire $34 million of student loan debt of all of the members of the 2019 graduating class.

Michael ByungJu Kim is a Korean American billionaire businessman. He is the founder and chairman of MBK Partners, a private equity firm headquartered in Seoul, South Korea. He has been called the "Godfather of Asian private equity".

References

  1. ↑ "Amos Hostetter, Jr. - Leadership - Harvard Business School".
  2. 1 2 "Barbara Walsh Becomes a Bride". The New York Times , December 16, 1984.
  3. 1 2 "The World's Billionaires - Amos Hostetter Jr." Forbes , December 2020.
  4. ↑ "Amos Hostetter, Jr". Forbes. Retrieved 2020-12-26.
  5. ↑ Donahue, Chris. "Pingry dedicates", Courier News (Somerville, New Jersey), May 10, 2003. Accessed February 11, 2011. "The center is named after the late parents of Amos B. Hostetter Jr., who graduated from Pingry in 1954 and his sister Janet Hostetter Wilson."
  6. ↑ "Who's Behind the Barr Foundation?". Boston . 2016-01-31. Retrieved 2018-12-01.
  7. ↑ "Boston.com: Local breaking news, sports, weather, and things to do".
  8. ↑ "Who We Are". The Barr Foundation. Archived from the original on 1 December 2018. Retrieved 1 December 2018.
  9. ↑ Storrs, Francis (May 15, 2006). "The 50 Wealthiest Bostonians". Boston . Retrieved 1 December 2018.
  10. ↑ "Six More Billionaires Donate to the Anti-Trump Lincoln Project". July 15, 2020.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.