Glenn Hutchins Biography & Net Worth
|Popular Name:||Glenn Hutchins|
|Net Worth:||$500 Million|
|Last Updated:||December, 2020|
Glenn Hutchins is an American business tycoon and investor. He is a private equity investor that mostly focuses on anything related to the technology sector. Glenn is a co-founder of the private equity firm Silver Lake Partners, which is currently valued at $39 billion. He has never looked backed since he started his career journey, and neither has he slowed down on his goal to go on and accomplish all that he dreamed of as a young boy. The remainder of this article discloses Glenn Hutchins’ biography and life history, starting from his childhood days into his days as a professional and successful investor.
Glenn Hutchins’ Early Life
Glenn Hutchins was born in the United States of America in 1955. He was born into a middle class American family who made the education of their children a priority. Both of his parents did some work for a living, so it was easy for them to provide Glenn with all the basic and most important things he needed as a young boy. When the time was right and he had completed his high school education, Glenn enrolled into Harvard University for his first degree program. Graduating from this institution, he enrolled into Harvard Law School, before moving on to obtain his MBA from Harvard Business School. He attributes part of his success to all he experienced at the three Harvard institutes, which helped in shaping his life in many ways.
Glenn Hutchins’ Career
Hutchins attended The Lawrenceville School for his education and graduated in 1973 before moving on to Harvard College where he earned his AB in 1977. Soon after this, he started his career in 1984, working at Chemical Bank as a credit analyst. Around this same time, he was enrolled in Harvard Law School and Harvard Business School where he simultaneously completed a joint MBA/JD. Once he had graduated and bagged his degrees, Glenn started his career in private equity with full focus and dedication working at Thomas H. Lee Partners.
In 1992, he left his job at Thomas H. Lee Partners and joined Bill Clinton’s presidential transition group as a Senior Adviser with focus on economic policy. He served as a Special Advisor on economic and health policy in the Clinton Administration for two years before making a return back to private equity. He joined The Blackstone Group in New York this time around. Glenn is a co-founder of the private equity firm Silver Lake Partners, which is currently valued at $39 billion.
Glenn Hutchins has held many significant positions in various institutions and firms in his lifetime. His business acumen is unrivaled and his skillful ability to lead from the front while implementing new innovations has been significant in all that he has done throughout all aspects of his career. He is the chairman of Silver Lake portfolio group SunGard and is a member of the NASDAQ OMX Group board. He has once served as the chairman of Instinet before the exit of Silver Lake from that company. In addition, Glenn has served on the board of several other Silver Lake portfolio companies such as Sabre Holdings, MCI, Inc., TD Ameritrade, Seagate Technology, and Gartner. He served on the board of New York’s Federal Reserve Bank where he was reelected for a three-year term as a Class B director. His tenure ended on December 31, 2018.
Glenn Hutchins is also known to be a partial owner of the National Basketball Association franchise Boston Celtics. He serves as the Vice Chairman of the Brookings Institution, and is currently an important member of the Council on Foreign Relations.
Glenn Hutchins Net Worth
When it comes to the aspect of business, Glenn Hutchins is one of the many American businessmen who have done so well for themselves and the economy of their country within the last few decades. He is famous as an investor who has made notable investments in several different companies. He is a private equity investor notable as the co-founder of the private equity firm Silver Lake Partners, which is currently valued at $39 billion. His major aspect of interest is the technology sector. After years of struggling and building up from scratch, this hardworking goal-driven JD holder found a place at the Thomas H. Lee Partners private equity firm. He was invited to join former United States president Bill Clinton’s transition team in 1992 and he accepted the invite and served his country diligently as an economic policy Senior Advisor. Surely, he earned a decent salary for serving the president in this position which he eventually left after two years so as to find his way back to the private sector.
Glenn Hutchins net worth is currently pegged at $500 million. A bulk of this wealth has flowed in from the private equity firm he co-founded. Named Silver Lake Partners, the firm is now valued at $39 billion. He also earned from other aspects as well, such as serving as chairman or belonging on the board of organizations and companies like NASDAQ OMX Group, TD Ameritrade, MCI, Instinet, Sabre Holdings, and more.