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

Oklahoma ScissorTales: Eyeing voter response to message

Casey Murdock, R-Felt, is among those seeking the seat and faces ... An act of grace Oklahoma County District Attorney David Prater aptly summarized what occurred in a courtroom this week, after the mother and sister of a long-missing Midwest City girl ...
Posted: December 1, 2017, 9:00 pm

Dole's 94-year-old owner looks to return fruit brand to sharemarkets, again

It was a little more than three years ago when billionaire David Murdock took Dole Food Co., the business synonymous with Hawaiian pineapples, private for the second time. Now Dole is looking to return to the sharemarket. Dole Food Company, synonymous with ...
Posted: April 25, 2017, 5:00 pm

Some 3,500 homes to go up as part of $2B Koa Ridge project

Billionaire David Murdock, Castle & Cooke's 94-year-old chairman, also made a rare appearance. "I'm happy to fly in here. I have my own plane and it's easy for me. I don't have to wait and stand in line like many people," quipped Murdock. "I happen to have ...
Posted: November 2, 2017, 9:07 am
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