David Murdock net worth

Born David Howard Murdock on April 11, 1923 in Kansas City, Missouri, he is a businessman known to the world primarily as the owner of the Dole Food Company, the world’s largest greengrocer, and other business ventures.

Have you ever wondered how rich David H. Murdock was in mid-2017? According to authoritative sources, Murdock’s net worth is estimated at $ 2.6 billion, an amount he has earned through his successful career that has been in business since the 1950s.

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David H. Murdock net worth of $ 2.6 billion

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David grew up with his two sisters in Montgomery Township, Ohio. The Murdock family made a living from David’s father’s work as a traveling salesman and cleaning his mother. Because his father was often away from home, David developed a close relationship with his mother, who however died of cancer at the age of 42. David dropped out of school when he was in 9th grade and never enrolled. When World War II broke out, he was drafted into the US Army.

After the war ended, David moved to Detroit but became homeless and destitute. For the first few years, David struggled with his luck when he secured a $ 1,200 loan to buy a near-bankrupt restaurant and turned it into a budding business, which he sold ten months later for around $ 2,000 and left to Phoenix, Arizona, where he settled and expanded his real estate business with moderate success until 1960 when the real estate market collapsed. His next stop was Los Angeles, where he continued with real estate until he took control of International Mining in 1978. David’s kingdom gradually grew and in the early 80’s he took a step forward by becoming the largest shareholder in Occidental Petroleum. He sold his stake in Iowa Beef to the company, immediately making him the largest shareholder.

David’s business career has only been on the upswing since the early 1980s, which certainly greatly added to his wealth. He owned Cannon Mills in Kannapolis, North Carolina from 1982 to 1985 when he sold it to Fieldcrest, and then took over Castle & Cooke, which made him the owner of the Dole Food Company, which he later acquired privately in 2003. He turned Castle & Cooke from a near-bankrupt company to a real estate resort, adding to his wealth significantly, while becoming the world’s most famous name in fruit and vegetable production with the Dole Food Company.

In addition to Dole Food Company and Castle & Cooke, David also owns Pacific Clay, which makes brick products, and once owned the Hawaiian island of Lanai’I, which he sold to Oracle owner Larry Elison in 2022.

In terms of his personal life, David married five times; his third marriage to Gabriele lasted from 1967 until her death in 1985 from ovarian cancer, with whom he had two children and was also the adoptive father of Gabriele’s son Eugene. Unfortunately, Eugene and one of his sons died; The surviving son Justin is CEO and Executive Chairman of NovaRx and Senior Vice President of Investments at Castle & Cooke. David has been married to Tracy since 1999.

David is also known for his philanthropic activities; He was instrumental in the redevelopment of the research center for biotechnology, the North Carolina Research Campus. He has also been heavily involved in donations for cancer research and life extension, and has founded the Dole Nutrition Institute while opening the California Health and Longevity Institute. He has stated that he would like to celebrate his 125th birthday.

David Murdock Net Worth first appeared on Net Worth Post.

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