Leon Gorman Net Worth is$860 Million
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Date of Birth: Dec 20, 1934
Leon Gorman net worth: Leon Gorman is an American businessman who has a net worth of $860 million dollars. Born in Nashua, New Hampshire, Leon Gorman is the grandson of the founder of L.L. Bean. After graduating from Bowdoin College in Maine, Leon Gorman began working at Filene's in Boston. He then spent three years in the U.S. Naval Reserve, before returning to work for L.L. Bean. He served as L.L. Bean's Vice President and Treasurer initially, and then took over the company after his grandfather passed away. The business was failing, and he restructured the company and its product line. His changes were very successful, and L.L. Bean has enjoyed almost continual growth since then. The store is now one of Maine's most popular tourist attractions, as well. In 2001, he stepped down as President and CEO of L.L. Bean, but is still Chairman of the Board. He is also heavily involved in philanthropic work, with the majority of his donations going to public education initiatives.
Leon A. Gorman (born December 20, 1934) is an American businessman and the former president and current Chairman of the Board for the clothing company L.L. Bean.
A graduate of Bowdoin College, Gorman began working at the company after three years of Navy destroyer service and a trainee job at Filene's department store. Gorman became president in 1967, after his grandfather Leon Leonwood Bean died. From that time until his presidency ended in 2001, Gorman helped pioneer the company's mail order business and saw an average annual 20% growth rate for the company. In 2001, when Gorman decided to take the position of Chairman of the Board, leaving the position of CEO to Christopher McCormick, the first non-family member to assume the title.[citation needed]
Gorman is an active Philanthropist, having made significant contributions in the public education sector. He was nominated trustee emeritus for Bowdoin College in 2002. In 2010 he was bestowed the Bowdoin prize, an award given out every five years to the alumnist who has made the greatest contribution to the world.
With a reported net worth of $860 million dollars, he is currently the wealthiest person living in the state of Maine.

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Leon Gorman Latest News

One L of a name: LL Bean’s initials get scrutiny

The answer appears to be both. Leon Gorman, L.L.’s grandson, said he was told that his grandfather was born Leon Linwood Bean and that it somehow morphed into Leon Leonwood Bean. “There was some incident that happened years ago. I can’t remember what ...
Posted: July 16, 2012, 4:00 am

Leon Gorman, longtime leader of LL Bean, dies at 80

FREEPORT, Maine — Leon Gorman, grandson of L.L. Bean and longtime leader of the iconic outdoors store, has died from cancer. He was 80. Gorman, known among employees for his soft-spoken manner and for often bringing his hunting dogs into the office ...
Posted: September 3, 2015, 8:54 am

From small family business owner to $1.56 billion retailer — the impressive story of L.L. Bean's departed leader

More than 500 people gathered on Sunday in Westbrook, Maine, to pay respects to Leon Gorman, former president and chairman of family-owned L.L. Bean Inc, Maine's trademark outdoor gear and clothing company, according to the Press Herald. Gorman died Sept.
Posted: September 13, 2015, 10:26 am
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