David Murdock Net Worth is$2.5 Billion
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Profession: Businessperson, Investor
Date of Birth: Apr 10, 1923
Nicknames: David Murdock
Ethnicity: White American
Country: United States of America
David Murdock is originally from Ohio and has an estimated net worth of $3.3 billion dollars, making him the 183rd richest person in America. David Murdock is a real-estate developer and the owner of Dole Foods. He also owns the island of Lana'i in Hawaii and is a high school dropout. He was given an honorary diploma in 2009.
David Howard Murdock (born April 10, 1923 in Ohio) is an American businessman. Forbes ranks him as the 130th-richest person in the "Forbes 400" list and 376th in the "World's Billionaires" list, with a net worth of US$3 billion as of March 2011.
Murdock grew up in Montgomery Township, Ohio and dropped out of high school in the 9th grade. He was drafted by the U.S. Army in 1943 during World War II.
After relocating to Detroit after the war, Murdock was homeless and destitute. However, due to a chance encounter with a good samaritan, he got a $1,200 loan to buy a closing diner, flipping it for a $700 profit ten months later.
He moved to Arizona and began working there first in housing and then commercial real estate. When the real estate market collapsed in the 1960s, he moved to Los Angeles where he continued developing real estate opportunities, leading to a string of acquisitions.
In 1978, he acquired control of International Mining. In early 1980s, he became the largest shareholder in Occidental Petroleum by selling the company his 18 percent interest in Iowa Beef.
In 1985, Murdock took over the nearly bankrupt Hawaiian firm Castle & Cooke, which owned pineapple and banana producer Dole Food Company. As a result of his purchase of Castle & Cooke, Murdock acquired ownership of Lana'i, the sixth largest island in Hawaii. He developed Castle & Cooke's real estate portfolio into residential and commercial properties and turned Dole into the world's largest producer of fruits and vegetables. Acquiring Dole privately in 2003, Murdock completed a $446 million initial public offering in October 2009 and the company now trades on the New York Stock Exchange under the ticker DOLE. Other companies include Pacific Clay.
Murdock's father was a travelling salesman, while his mother took up laundry and scrubbed floors to make ends meet. Murdock is the middle child of three, he had two sisters. He was particularly close to his mother, who died at 42 from cancer.

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David Murdock Latest News

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Posted: December 11, 2019, 10:21 pm

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Posted: November 15, 2019, 1:53 pm

29. David Murdock

THE MONEY: Much of Murdock’s wealth is tied to Dole Food Co. Inc. and Dole’s former parent company, Castle & Cooke Inc. Murdock owns 55% of Westlake Village-based Dole, a produce distributor and ...
Posted: September 20, 2019, 10:21 pm
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