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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harold simmons

Harold passed away in May 2018. Harold was a resident of Alabama at the time of passing. Read Less Express your condolences with flowers sent to Harold 's memorial service Or, Order By Phone 888-579-7953 Code: 69145 View & Sign. Harold Richard Simmons June ...
Posted: May 15, 2018, 12:42 pm

FRC and CDF to host St. Lucia Studies Conference 2018

The Studies Conference will open on Tuesday June 19 with the Hon. Harold Simmons Memorial lecture delivered by Saint Lucian Dr. Anthea Octave. The venue will be the Conference Room of the Cultural Development Foundation (CDF) at Barnard Hill and time is ...
Posted: May 20, 2018, 1:54 pm

Park named to VICC breast cancer leadership position

1, succeeds Carlos L. Arteaga, MD, who moved to the University of Texas Southwestern Medical Center as director of the Harold C. Simmons Comprehensive Cancer Center and associate dean of Oncology Programs. “I am incredibly excited to join the VICC/VUMC team.
Posted: May 17, 2018, 7:36 am
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