Pappajohn later read in the paper about the then still-emerging industry of venture capital. So, in 1996, he donated $1.5 million to establish the John Pappajohn Entrepreneurial Center at the University of Iowa to help. hbbd``b`63S ` =@2k&L9H0J5P24Hdu;e@0uHd5#e6FO0 %u He worked his way through college and alternated working and attending school with his brothers. He is the recipient of four Honorary Doctorate degrees. May 07, 2013 12:31 PM ET VYNT 2 Comments. We also use third-party cookies that help us analyze and understand how you use this website. Two decades of lawsuits followed, Mike and his family on one side and Georges heirs on the other. His last years with Verisign were taken up with investigations into the companys stock option program, but it is not believed that Sclavos personally benefited from the option grants in question, though it did occur under his watch. Sclavos led the company through a decade of robust growth and technological innovation. Nonetheless, the familys history and contributions is notable. John and Mary Pappajohn established a scholarship fund for ethnic, disadvantaged, and minority students and have granted more than $5 million in scholarships. International clients are in the fields of oil and gas, fossil and nuclear power, public infrastructure, chemicals, aerospace and defense, transportation, primary metals and metalworking, pharmaceuticals and food processing. Says he, "You don't know anybody who makes money easier than I do.". Mr. Tsakopoulos and his family have also been dedicated supporters of civic and community causes. George J. Tsunis uses the quality of human connection in his successful Chartwell Hotels enterprise, which he founded in 2006, building on a family tradition of hotel and restaurant ownership. $0.00. Georges Enterprises began as Imperial Trading in 1916, a wholesale grocery distribution company founded by Georges grandfather Gus Pelias. 0 He drafted a list of 101 goals to accomplish. NetGenics' cofounder and chairman is Walter Gilbert, a Nobel Prize-wining scientist who co-founded-founded Biogen. ", One reason his executives admire him is that he lets them run the business but is always ready to offer advice if asked. He founded Kynikos Associates (in Greek, kynikos means cynic) in 1985 after a Wall Street career as a financial analyst with Paine Webber, Gilford Securities and Deutsche Bank. He still works seven days a week and has a stream of new ventures in the pipeline. Pappajohn Sculpture Park. Tickets can be purchased by visiting www.pappajohncenter.com/gala. His career, featured in Forbes, showed how his scientific ability and humility combined to help him develop drugs for patients with illnesses from asthma to cancer and made the company a force to be reckoned with in its field. His John Paul Mitchell Systems hair products and Patron Spirits, both still privately held, are each worth more than a billion dollars. Born George Moutsanas in Euboea, Greece, George Marcus, together with his partner, William A. Millichap, is founder and chairman of Marcus & Millichap Company (MMC), one of the countrys premier providers of investment real estate brokerage services, and the parent company of a diversified group of real estate, service, investment and development firms. %PDF-1.6 % The key is "to be there first or very early," says Pappajohn. Says he, "You don't know anybody who makes money easier than I do." In fact, not many people have ever heard of John Pappajohn, 69, of Des Moines, Iowa. He has been involved in more than 100 startups and more than 50 initial public offerings, and has served as a director in 40+ public companies. Constantine Dinos Iordanou is president, CEO and Chairman of the Board of Arch Capital Group, Ltd, a Bermuda-based insurance/reinsurance global entity. Fine arts have been a major component in the Pappajohn's community contributions and personal projects. In 1962, he moved to Des Moines and organized the Guardsman Life Insurance Company (a public company), where he was chairman of the board from 1962 to 1969. Mary Louise Pappajohn, age 88, passed away March 17, 2022, in Naples, FL with her family by her side.. George L. Argyros is well known in a wide variety of prominent circles, as his long and illustrious life has included achievements ranging from real estate, to sports, to international diplomacy. The investment has paid off. He turned 80 years old, and he was honored as a permanent part of the United States Congressional Record. 324 0 obj <> endobj John Pappajohn's largest sale order was 50,000 units , worth over $184.13K on May 27, 2011. Capellas says he inherited his gritty determination from his father, a Greek citizen who fought with the Greek Army against the Germans in Italy during World War II. The Pappajohns have contributed to the Des Moines Art Center and the National Gallery of Art. He earned an MBA from Dartmouth College in 1977, after studying electrical engineering at Northwestern. A son of Greek immigrants, Payiavlas traces his companys beginning to purchasing a few vending machines for the familys Village Caf in his hometown of Warren, OH. Tuesday, February 21, 2023 Written by Darren Miller University of Iowa JPEC Image Gallery Fifteen students shared $5,000 in prize money at the Spring IdeaStorm competition Feb. 15 in the Pappajohn Business Building. His chief executives often develop an intense admiration for both his insight and his integrity. Although he continued to work during his treatment, he had cut back on his schedule. Arete, where he is Managing Partner, functions as an operating partner of the New York based equity firm Catalyst Investors. Brothers Christopher J. and Harris Pappas 69 and 72 years of age, respectively, and still very much involved in their thriving family business opened the first Pappas Restaurant in 1976. He sold Pabst Brewing for an estimated $750 million in September 2014, nearly tripling his 2010 investment. The more I make, the more I get to give back. He has been a member of several boards of the Kennedy Center on a continuous basis for more than 24 years. Since 2008, the John and Mary Pappajohn Education Center in Des Moines has helped central Iowa students pursue UI degrees and certificates closer to home. A year later, Levitas, unable to endure the stress of short selling, left the company. He and his wife committed $4 million to help finance the John and Mary Pappajohn Higher Education Center, a collaborative of seven universities and colleges in the state of Iowa. He was one of the early venture capitalists. The Pappajohn Center is a resource for student initiatives, new small business owners, tech start-ups, and corporate spin-offs alike. The company was formed by tech giant Cisco and EMC Corporation with investments from VMware and Intel, offering technology products and solutions for cloud-based computing. "John Pappajohn is my role model," says Antone Lazos, who founded a company with him in the 1980s. Pappajohn invested his fund, raised more money privately, then helped arrange a public offering. In June 2011, President Obama named him co-Chair of an Advanced Manufacturing Partnership, which aims to pool the efforts of industry, schools and the government for innovation in fields like information technology, biotechnology, and nanotechnology. The UI's John Pappajohn Entrepreneurial Center was established in 1996 and has fostered thousands of new entrepreneurs. Most recently he bought 200,000 units of CGIX stock worth $250,000 on 23 May 2019. Clean. Admin Login. The Pappajohn Biomedical Institute (PBI) is a scientific community seeking to understand the fundamentals of biology and disease and to extend our discoveries into real-life applications that improve human health. John Pappajohn is 90, he's been the Non-Executive Chairman of the Board of Cancer Genetics since 2014. After being diagnosed with pancreatic cancer 20 months earlier, he continued living. Over the last 10 years, insiders at Cancer Genetics have traded over $1,720,897 worth of Cancer Genetics stock and bought 3,891,559 units worth $4,573,241 He graduated from Eastern College and the University of Baltimore School of Law, where he was class valedictorian, and went onto a lucrative career in trial law, specializing in cases involving harmful products, professional malpractice, and personal injury. His father owned a chain of dry cleaner store in Milwaukee and his mother worked as an office manager at a steel company. First place will be awarded $40,000, second place $25,000, and third place $15,000. Pappajohn is old-fashioned in more than his ethics. The company currently owns and manages ten hotels, including Chartwells Holiday Inn at Williamsport, PA earned a Newcomer of the Year award from Holiday Inn in 2007. KPS Capital Partners, LP us is one of the worlds leading private equity franchises, with approximately $5.2 billion of assets under management. In 1956, the company opened a jug-milk store in Bellingham, MA. Quantum provided hemophiliacs with medication and taught them to inject themselves intravenously at home. He formed Monumental Sports in June 2010 by merging his Lincoln Holdings LLC and Washington Sports & Entertainment Limited Partnership. He then used his profits to invest in real estate, and by 1960, he had an incorporated business. Tsakopoulos and his family have established Hellenic Studies chairs at several major American universities across the country, Georgetown, Stanford and Columbia among them. His father died when he was 16 years oldand it changed his world. Why Did Billionaire Investor John Pappajohn Invest $12 Million In Cancer Genetics? Born in Greece, Bidzos he came to the United States as a boy. While other venture capitalists take in funds from institutional investors and rich individuals, Pappajohn's venture fund consists solely of his own money. His parents, Konstantina Hrisomalis and Georgios Karabotsios, hailed from the Peloponnesian villages of Anavriti and Malendreni, respectively. He helped establish Verisign as a global corporation used by millions of consumers and businesses daily as they interact on the worlds voice and data networks. Founded in 2006 by Des Moines entrepreneur, venture capitalist, and philanthropist John Pappajohn, the Pappajohn Iowa Entrepreneurial Venture Awards provide financial support to Iowa entrepreneurs and mark the culmination of an annual venture competition among the five John Pappajohn Entrepreneurial Centers around the state, including at the UI . In 2016, this billionaire who finishes near the top of the list with a net worth estimated at $3.1 billion, has pledged to give more than half of it away. Both Pappajohn and his wife, Mary, are avid philanthropists, having partnered in numerous endeavors, providing millions for scholarships, business opportunities and community enhancements. The brothers grandfather, H.D., arrived in the U.S. in 1897 and became a restaurateur. Today it has dozens of offices throughout North America and Europe and over a thousand employees providing strong local operations. He has been involved in over 100 startups and 50 IPOs, and has served as a Director in over 40 public companies. After graduation from Mason City high school and the University of Iowa, John Pappajohn started his own insurance business. Within hours Pappajohn had lent Core $200,000. The estimated net worth of John Pappajohn is at least $763,753.14 dollars as of 10/09/2022. The [] James Bidzos is Founder, Chairman of the Board, President, and CEO, of Verisign, Inc., which provides domain name registry services and Internet security worldwide, Bidzos company offers a range of security services, including managed DNS, Distributed Denial of Service (DDoS) mitigation and cyber-threat reporting. Though he spends much of his time in New York, he makes do there with a modest one-bedroom apartment. He established an insurance agency after graduation from college and subsequently organized and became Chairman of the Board of Guardsman Insurance Investors, a public insurance holding company that owned Guardsman Life. These cookies do not store any personal information. In 2007, he was one of the nine prominent Greek-Americans who were selected by President Carolos Papoulias to be honored with the Hellenic Republics prestigious Commander of the Order of Honor award. His training began in Greece at the National Polytechnic Institute in Athens. He developed his passion for the stock market as a teenager and began his investment career when his parents entrusted him with the familys $5,000 nest egg. He doesn't use a computer. RedChip's Blog. The following year, the Superette was tripled in size and became DeMoulas Super Market. 108 John Pappajohn Business Building Iowa City, IA 52242-1994. 62 = Capitol Street Ramp. He selected in 2004 as a member of the National Academy of Sciences. Mr. Pappajohn lives in Des Moines, Iowa with his wife, Mary. The estimated Net Worth of John Pappajohn is at least $5.04 Million dollars as of 23 May 2019. Search. He bought the Orioles in August 1993, leading a group of investors including prominent Marylanders, including novelist Tom Clancy, in purchasing the team for $173 million, a record price at the time. He came to the United States to study engineering at Fairleigh Dickinson University in New Jersey, where he graduated first in his science and engineering class and went on, as a recipient of The Bell Laboratories Graduate Study Scholarship Program, to earn MS and PhD degrees in electrical engineering from Columbia University. The family then immigrated to Ohio, where Capellas father worked his way up from laborer to superintendent at the Republic Steel Corporation. In 1997, he and his wife, Mary, funded a $5 million John and Mary Pappajohn Scholarship Fund for ethnic, disadvantaged and minority students. Among them are American Electric Power Inc., Bayer AG, BP, Bechtel Corp., General Electric Co., Boeing Co., Excelon, ExxonMobil, Shell, and Valero Energy Co.Vahaviolos, who was born in the Peloponnese, as a child ripped apart electrical machinery and rebuilt it for fun as well as for better safety in the newly electrified village. Caremark helped patients with chronic digestive disorders avoid costly hospital visits by enabling them to feed themselves at home. "He's a visionary with old-world values. The son of George and Mary Ann Psaros and grandson of four Greek immigrants, Psaros grew up in Weirton, WV, where the lifeblood of the town was the steel industry, specifically National Steel. . The daughter of daytime soap opera star John Aniston (Days of Our Lives), she eclipsed her fathers television fame and success with her own role as Rachel Green on the eternally popular situation comedy, Friends (1994-2004). In addition to leading the company, he held various positions in research, marketing, and general management. The NIACC John Pappajohn Entrepreneurial Center will host the NIACC Pappajohn Entrepreneur Gala on Tuesday, October 11, 2022. NetGenics just celebrated its first birthday and already has contracts with major pharmaceutical companies. He spoke little English when he first enrolled at the University of Maine-Orono, but worked his way through college and earned a BSEE degree, driven by a love of mathematics and the sciences. But Argyros, made his fortune in grocery stores and real estate. Mr. Pappajohn has a BSC degree in business from the University of Iowa. Kay, which was later acquired by American Hospital Supply, made Pappajohn his first million. There are no older and 7 younger executives at Cancer Genetics. Jamie Dimon is chairman and CEO of Americas largest bank JPMorgan Chase, and considered one of the nations most powerful people. Events March 2, 2023 His parents arrived in the US in 1969 and the family settled in Boston. He built AOL into the first $1 billion interactive services company and the worlds biggest media company, helping to increase its membership from fewer than 800,000 to more than 8 million in a four-year span (1994-97). The grandson of Greek immigrants, Leonsis was born to a family of modest means in Brooklyn, and spent his early years there. John and Mary Pappajohn established a scholarship fund for ethnic, disadvantaged, and minority students and have granted more than $5 million in scholarships. Bidzos served as its first CEO from 1995 to 2001. Eventually he achieved sales and then management positions, offered by a Hellenophile from Austria, who was the owner of Polychrome, a manufacturer of supplies related to the printing industry. Mr. Pappajohn and his wife, Mary, have gifted more than $100 million to various philanthropic causes including the John Pappajohn Business Building at the University of Iowa Business School, the Pappajohn Pavilion at the University of Iowa Hospital and Clinics, the John and Mary Pappajohn Clinical Cancer Center and the Pappajohn Biomedical Institute Building at the University of Iowa. The car he drives is a 15-year-old Mercedes 380SL. But that number very well could be back up into the billion range, as the New York Post reported late in 2016 that since Election Day, Dimon has been one of the biggest beneficiaries of the Wall Street boom. John and Mary Pappajohn Sculpture Park. As a successful entrepreneur and generous philanthropist, John Pappajohn has been recognized by many national organizations. The most active insiders traders include John Pappajohn, Tommy G Thompson, and John A Roberts. At $2,500 each, these honors are targeted to students of junior, senior, or graduate status who have started or who intend to establish their own business or are participating in the entrepreneurship programs on campus. Forbes has included him on its Midas List of the worlds best venture capitalists and technology investors every year since 2007. Mr. Pappajohn serves as a trustee for the Des Moines Art Center and is a member of the National Committee of the Performing Arts for the Kennedy Center. Drummers John Bonham of Led Zeppelin and Alex Van Halen of Van Halen are two of his biggest influences. Specials. In 2010, he published The Business of Happiness: 6 Secrets to Extraordinary Success in Life and Work. 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