Donald Marron Net Worth is
Donald Marron Bio/Wiki, Net Worth, Married 2018
In 1959, Marron founded D.B. Marron & Company. In 1965, Marron sold his business to Mitchell Hutchins as well as in 1967 was named president of the firm. In 1977, Mitchell Hutchins was obtained by Paine Webber. Besides his main job at Mitchell Hutchins, in 1969 Marron founded Data Resources Inc. jointly with Harvard University prominent economist Otto Eckstein. DRI became the biggest non-governmental supply of economic data on earth and was sold to McGraw Hill in 1979. In 1980, Marron was named Paine Webber’s Chief Executive Officer, as well as in 1981, he was named chairman of the board of Paine Webber, parts he’d hold for another two decades. In 2000, as CEO, Marron engineered the sale of Paine Webber to UBS AG. After a couple of years in the financial institution, in 2002, Marron left UBS to found Lightyear Capital, a private equity firm focused on investments in financial services firms. The company has raised about $2 billion since start across its two funds. In 2006, the company finished fundraising for the second private equity fund, with $850 million of obligations from over 40 investors. The museum’s annual fund, supported by donors each year, additionally rose from $2.5 million to $3.8 million, giving to an operating budget of $46 million a year. While at Paine Webber, Marron assembled a corporate number of postwar artwork for the company more than 30 years. The gift was to be made over 15 years to benefit from tax benefits for UBS Paine-Webber and also to make sure that the corporation could still hang the artwork for some time.