Ian M Cumming Net Worth is579.0 $Million
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Type: Public company
Traded As: LUK, S&P 500
Location City: New York, New York, New York (state)
Location Country: United States
Area Served: Worldwide
Key People: '''Ian M. Cumming''' Chief Executive Officer,
Industry: Conglomerate (company)
Revenue: operating income
Net Income: aum
Assets: {{increase $ 9.350 billion (December 31, 2010)
Equity: {{increase}} $ 6.957 billion (December 31, 2010)
Num Employees: 2,414 (June 15, 2011)
Homepage: [http://www.leucadia.com/ Leucadia.com]
Leucadia National Corporation (NYSE: LUK) is an American holding company that, through its subsidiaries, engages in mining & drilling services, telecommunications, healthcare services, manufacturing, banking and lending, real estate, and winery businesses with a market cap of about $8.0 billion as of June 15, 2011. Leucadia is known as a "mini Berkshire Hathaway" with an average annual return of over 22%. Largest current investments include Jefferies and Fortescue Metals Group.
Leucadia's highest profile move to-date (as of 2005[update]) was a bid in 2004 to acquire 50 percent of telecommunications company MCI's common stock. However, after MCI received higher bids from other companies, Leucadia withdrew from the bidding process.
Leucadia executives Ian Cumming and Joseph Steinberg both graduated in the same Harvard Business School Class of 1970. They joined Leucadia around 1979. Ian Cumming (a Vancouver native) and Joseph Steinberg each own about 13% of Leucadia's shares.
Leucadia is headquartered in New York City, but has additional offices in Salt Lake City, Utah. The company's name comes from the seaside town in Southern California and was chosen randomly after several other choices were rejected during the incorporation process. Cumming and Steinberg spotted the sign along the freeway and suggested it as an alternative.(2007 Annual Report)
* Leucadia National Corporation Annual Report 2007

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