Lindner family

Last updated
Lindner
Place of origin Cincinnati, Ohio, United States
Members
Distinctions
  • Insurance business
  • Sports team ownership

The Lindner family is a family that has been prominent in the Cincinnati metropolitan area since the mid-20th century. They are known for their work in the insurance and investments business. As of 2015, Forbes ranks them as the 129th richest family in the United States. [1] They are also known for their involvement in professional sports; Carl Jr. was a part owner and CEO of the Cincinnati Reds, Carl III is the majority owner and CEO of FC Cincinnati, and the family's contributions to the Western & Southern Open led to its venue being titled the Lindner Family Tennis Center.

History

The Lindner family's rise to prominence began with Carl Lindner Sr. opening a dairy processing plant in Norwood, Ohio in 1940. The business, United Dairy Farmers, had expanded to thirty stores by 1960, and the family bought the American Financial Group with their savings. [2] By the mid-1960s, Carl Sr.'s sons were running the family's businesses: Carl Jr. was running American Financial Group, Robert was running United Dairy Farmers, and Richard was running the Thriftway Food Drug grocery chain, which later joined with Winn-Dixie. [3]

In 1975, Cincinnati-based American Financial Group, one of billionaire Carl Lindner, Jr.'s companies, bought into United Fruit Company. In August 1984, Lindner took control of the company and renamed it Chiquita Brands International.

In 1989, the Lindner family founded and funded the Cincinnati Hills Christian Academy.

In 1999, Carl Jr. bought controlling ownership in the Cincinnati Reds, which he held until selling to Robert Castellini in 2005.

Carl Lindner III at an FC Cincinnati event in 2018 MLS2Cincy announcement - Carl Lindner III (42444130491) (cropped).jpg
Carl Lindner III at an FC Cincinnati event in 2018

In 2015, Carl III became majority owner and chief executive owner of the newly formed soccer club FC Cincinnati.

Related Research Articles

<span class="mw-page-title-main">Hearst Communications</span> American multinational mass media conglomerate group

Hearst Communications, Inc., often referred to simply as Hearst, is an American multinational mass media and business information conglomerate based in Hearst Tower in Midtown Manhattan, New York City.

<i>The Cincinnati Enquirer</i> Daily newspaper in Cincinnati, Ohio, United States

The Cincinnati Enquirer is a morning daily newspaper published by Gannett in Cincinnati, Ohio, United States. First published in 1841, the Enquirer is the last remaining daily newspaper in Greater Cincinnati and Northern Kentucky, although the daily Journal-News competes with the Enquirer in the northern suburbs. The Enquirer has the highest circulation of any print publication in the Cincinnati metropolitan area. A daily local edition for Northern Kentucky is published as The Kentucky Enquirer.

Carl Ray Pohlad was an American financier from Minnesota. Pohlad is best known as the owner of the Minnesota Twins baseball franchise from 1984 until his death in 2009.

Carl Henry Lindner Jr. was an American businessman from Norwood, Ohio, a member of the Lindner family, and one of the world's richest people. According to the 2006 issue of Forbes's 400 list, Lindner was ranked 133rd and was worth an estimated $2.3 billion.

<span class="mw-page-title-main">United Dairy Farmers</span> American convenience store chain

United Dairy Farmers (UDF) is an American chain of shops offering dairy products as well as coffee and gasoline. UDF was started by Carl Lindner Sr. and his children in 1938. Almost as soon as they started operations, the Lindners began work on building a dairy store. Carl Sr. believed that if he could sell milk through his own store, he would not have to deal with delivery middlemen and thus pass the resulting savings on to customers. The first United Dairy Farmers store, at 3955 Main Avenue in Norwood, Ohio, a suburb of Cincinnati, opened on May 8, 1940.

<span class="mw-page-title-main">William DeWitt Jr.</span> American businessman

William Orville DeWitt Jr. is an American businessman who is currently the managing partner and chairman of the St. Louis Cardinals, a professional baseball franchise which competes in Major League Baseball (MLB). The Cardinals have won two World Series — in 2006 and 2011 — during DeWitt's time as owner. In addition to the Cardinals, DeWitt has also owned or invested in the Cincinnati Stingers hockey club, Baltimore Orioles, the Cincinnati Reds and the Texas Rangers. Business interests outside baseball include Reynolds, DeWitt & Co., which owns Arby's franchises and invests in U.S. Playing Card Company, and the petroleum company Spectrum 7.

<span class="mw-page-title-main">American Financial Group</span> American insurance and investments company

American Financial Group, Inc. is an American financial services holding company based in Cincinnati, Ohio. Its primary businesses are insurance and investments.

<span class="mw-page-title-main">Taft Broadcasting</span> Defunct media conglomerate

The Taft Broadcasting Company was an American media conglomerate based in Cincinnati, Ohio.

Robert Castellini is an American businessman from Cincinnati, Ohio. Since 2006, he has been Chief Executive Officer (CEO) of the Cincinnati Reds, leading a group that purchased a majority share of the Major League Baseball (MLB) franchise from previous CEO Carl Lindner, Jr. Castellini is the chairman of Castellini Co., a fruit and vegetable wholesaler.

<span class="mw-page-title-main">Western & Southern Financial Group</span>

Western & Southern Financial Group, also commonly referred to as Western & Southern, is a Cincinnati, Ohio-based diversified family of financial services companies with $111.6 billion in assets owned and managed as of December 2021. As of 2022, it held a "AA- Very Strong" rating from Standard & Poor's, a "A+ Superior" from A.M. Best, a "AA Very Strong" from Fitch, a "Aa3 Excellent" from Moody's, and a "96 out of 100" Comdex ranking.

<span class="mw-page-title-main">Jeff Berding</span> American sports executive and politician

Jeff Berding is an American sports executive and politician. Since founding the team in 2015, he now serves as co-CEO of FC Cincinnati, a Major League Soccer franchise. He is also a Democratic politician, having served on the Cincinnati City Council from 2005 to 2011. From 1996 to 2015, he worked as an executive for the Cincinnati Bengals. Berding is currently serving as board chair of the Cincinnati USA Convention and Visitors Bureau.

WGRI is a commercial AM radio station broadcasting an urban gospel radio format. It is licensed to Cincinnati, Ohio, and is owned by the Christian Broadcasting System, Ltd.. The studios and offices are on West 7th Street in Cincinnati.

Major League Soccer owners own a share in the league and are granted right to operate a team. Major League Soccer (MLS) operates under a single-entity structure in which teams and player contracts are centrally owned by the league. Each MLS team has an investor-operator that is a shareholder in the league. In order to control costs, the league shares revenues and holds players contracts instead of players contracting with individual teams.

<span class="mw-page-title-main">FC Cincinnati (2016–2018)</span> Football club

FC Cincinnati is a soccer club based in Cincinnati, Ohio that began play in 2016 in the competition then known as the United Soccer League and now as the USL Championship. The team was announced on August 12, 2015. The club's ownership group was led by Carl H. Lindner III.

<span class="mw-page-title-main">Carl Lindner III</span> American businessman

Carl Henry Lindner III is an American businessman from Cincinnati, Ohio. He has served as the co-chief executive officer of American Financial Group since January 2005. He has also acted as chief executive officer and majority owner of FC Cincinnati since the club's founding in 2015. He is the son of Carl Lindner Jr. and a prominent member of the Lindner family.

The River Cities Cup, also known as the Dirty River Derby, is a rivalry between American soccer clubs representing Cincinnati, Ohio and Louisville, Kentucky. From 2016 to 2018, the cities were respectively represented in the second-tier league now known as the USL Championship by FC Cincinnati and Louisville City FC. Both teams played in the Eastern Conference of what was then known as the United Soccer League, and the River Cities Cup was contested solely in regular-season matches between the two sides, with the winner of the regular-season series claiming the cup. After the 2018 season, FC Cincinnati ceased USL operations, with the ownership group having been awarded a Major League Soccer franchise that began play under the FC Cincinnati name in 2019. From that point forward, the rivalry only takes place if the two teams are drawn together in the U.S. Open Cup, with the first such meeting after FC Cincinnati's arrival in MLS taking place in 2019.

<span class="mw-page-title-main">FC Cincinnati</span> American professional association soccer team

Football Club Cincinnati, commonly known as FC Cincinnati, is an American professional soccer club based in Cincinnati. The club plays in the Eastern Conference of Major League Soccer (MLS). The team succeeded the lower-division team of the same name and was announced on May 29, 2018, when MLS awarded an expansion franchise to Cincinnati. The team began MLS play on March 2, 2019, with its first match against Seattle Sounders FC. The club's ownership group is led by Carl H. Lindner III with Jeff Berding serving as Co-CEO. Currently, the role of general manager is held by Chris Albright.

References

  1. "Lindner family". Forbes . Retrieved November 21, 2016.
  2. Enquirer, The. "Robert D. Lindner Sr., who built United Dairy Farmers, dies at age 101". The Enquirer. Retrieved 17 February 2022.
  3. Murtha, Lisa (October 30, 2014). "The Lindner Family: From Milk Money to The Fortune 500". Cincinnati . Retrieved November 21, 2016.