Harold Simmons Net Worth is$9 Billion
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Profession: Entrepreneur, Businessperson, Investor
Date of Birth: 1931
Country: United States of America
Harold Simmons is a businessman and one of the richest people in Texas with a total net worth of $9 billion. His net worth is a good indicator of his success in the world of business particularly in the process of the leveraged buyout, or LBO, a concept which Simmons helped to devise. Through this financial practice, he currently owns or has owned a variety of large companies, including NL Industries, Titanium Metals Corporation, CompX International, Valhi Inc., and Kronos Worldwide which despite its somewhat sinister name is simply a manufacturer and marketer of titanium dioxide. In addition to Simmons business acumen, he is known for his political activism as well. Since the 1980s, he has been strongly associated with various right wing politicians and candidates, most notably as a big donor to the campaigns of future presidents such as Ronald Reagan and George W. Bush. Unlike many billionaires, Simmons was born in a middle class family his parents were both teachers. After getting a degree in economics from the University of Texas at Austin, Simmons found work at a variety of banks and other financial institutions before eventually arriving at his current position through a series of leveraged buyouts. He has also contributed huge amounts of money to various charities.
Harold Clark Simmons (born May 13, 1931; Golden, Wood County, Texas) is an American businessman and billionaire whose banking expertise helped him develop the acquisition concept known as the leveraged buyout (LBO) to acquire various corporations. He is the owner of Contran Corporation and of Valhi, Inc., (a NYSE traded company about 90% controlled by Contran). As of 2006 he controlled 5 public companies traded on the New York Stock Exchange: NL Industries; Titanium Metals Corporation, the world's largest producer of titanium; Valhi, Inc., a multinational company with operations in the chemicals, component products, waste management, and titanium metals industries; CompX International, manufacturer of ergonomic products, and Kronos Worldwide, leading producer and marketer of titanium dioxide. According to Forbes, as of September 2011 his net worth was about $9.3 billion.
Simmons' parents, Reuben Leon and Fairess Clark Simmons, were teachers. Simmons' father was a school superintendent, and his mother was a secretarial skills teacher. Simmons has BA (1951) and MA (1952) degrees in economics from the University of Texas at Austin. Simmons holds a Phi Beta Kappa key.
After completing graduate school in 1952, Simmons worked for the U.S. government as a bank examiner, then for a Dallas-based bank, Republic National Bank.
In 1960, using $5,000 of his savings, and a $95,000 loan, he bought a small drugstore, University Pharmacy on Hillcrest Avenue, across from the campus of Southern Methodist University. Before Simmons owned it, University Pharmacy was the site of a racially charged sit-in in January 1961, when its owner C.K. Bright sprayed insecticide over and around 60 students, only two of whom were black seminary students. Simmons purchased the store and parlayed it into a chain of 100 stores, which in 1973 he sold for more than $50 million, to Eckerd Corporation. This launched his career as an investor, when he used the proceeds of that sale to begin speculat

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Dallas' Kitchen Dog Theater finds its forever home

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Posted: October 14, 2016, 1:23 am

Softball: Erie can't unseat Valor Christian in championship game

But Tigers head coach Harold Simmons, who served as an assistant coach for much of a magical run that saw the Tigers win 10 state titles in 11 years from 2000-2010, said he felt like the Tigers showed themselves to be a championship-caliber team even in ...
Posted: October 22, 2016, 5:25 pm

Texas Billionaire Harold Simmons Dies; Called Obama 'Most Dangerous Man In America'

Dallas billionaire Harold Simmons died on Saturday after an illness, aged 82. The legendary empire builder and corporate raider was worth $10 billion at Forbes last reckoning, ranking 40 on the 2013 Forbes 400. He died at the Baylor University Medical ...
Posted: December 30, 2013, 8:48 pm
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