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

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

"In the end, that may be Leon's greatest legacy, that he treats everyone, in business and in life, as a human being," former Maine Gov. John McKernan said when Gorman was honored in 2010 by Bowdoin College. "The power and importance of that belief — of ...
Posted: September 13, 2015, 10:26 am

L.L. Bean leader Leon Gorman dies at 80

FREEPORT — L.L. Bean Chairman Emeritus Leon Gorman has died at age 80. Gorman, the grandson of company founder and namesake Leon Leonwood Bean, had cancer and died on Thursday at his home in Yarmouth, according to a statement from the company.
Posted: September 3, 2015, 10:43 am

Leon Gorman dies; he built L.L. Bean into global enterprise

Leon Gorman, who transformed L.L. Bean from his grandfather’s folksy store and catalog business into a billion-dollar global outdoor-gear retailer and made its signature rubber-soled hunting boot as synonymous with Maine as lobster, died Thursday at home ...
Posted: September 3, 2015, 3:46 pm
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