Mitchell Jacobson Net Worth is$1.1 Billion
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Mitchell Jacobson Net Worth: Mitchell Jacobson is an American businessman who has a net worth of $1.1 billion. Mitchell Jacobson has accumulated his riches through the Melville, N.Y.-based MSC Industrial Direct, one of the largest distributors of office and industrial equipment worldwide. Today, he serves as the chairman of the group, which was set up in 1941 by his father Sidney Jacobson as "Sid Tool, Inc.". At the time, the company was mainly selling cutting tools and accessories to New York City machine shops, whereas today, the company operates from four regional distribution centers and 95 branch offices. With sales of $2.4 billion, the company makes the most, if not the entire Mitchell's net worth. The day-to-day management of MSC Industrial Direct is now in the hands of Mitchell Jacobson's only son, who serves as the president and CEO, and also is the company's largest shareholder.
MSC Industrial Direct Co., Inc (MSC), through its subsidiaries, primarily, MSC Industrial Supply Co., is one of the largest industrial equipment distributors in the world. MSC is most famous for publishing "The Big Book", a catalog detailing the company's products, which currently number almost 600,000.
MSC was founded in 1941 as "Sid Tool, Inc.", by Sidney Jacobson, in New York's Little Italy. It originally sold cutting tools and accessories to New York City machine shops. The company later moved its headquarters to Plainview, NY and in 1998, moved to its current headquarters in Melville, New York. The company currently operates from four regional distribution centers and 95 branch offices. On June 8, 2006, MSC completed the acquisition of J & L America, Inc., DBA, J & L Industrial Supply (J & L), a subsidiary of Kennametal for $349.5 million.

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ERNEST "ERNIE" JACOBSON

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Posted: January 10, 2018, 4:00 pm
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