He still works seven days a week and has a stream of new ventures in the pipeline. That could well be Pappajohn's slogan, because in whatever he does, one of his first questions is: How will this play on Wall Street? Born to an Italian immigrant father and a Greek immigrant mother who divorced by the time he was 2, DeJoria has known poverty repeatedly: first during his childhood being raised by a single mother in Los Angeles, CA, and two periods of homelessness as an adult. At Iowa JPEC, entrepreneurship education is open to every major and every career path. When he was only four, the family moved to Genessee, MI. 108 John Pappajohn Business Building Iowa City, IA 52242-1994. In 1996, Hatsopoulos won the John Fritz Medal, the highest American award in the engineering profession. MMCs featured company, Marcus & Millichap Real Estate Investment Services, has established itself as a leading real estate firm with more than 1,200 brokers in markets throughout the United States. The son of Greek immigrants, Michael Jaharis was born in Chicago, IL. In addition, all major Iowa universities have benefited from his generosity and ongoing support of their entrepreneurial centers. 324 0 obj <> endobj In 1970 he acquired a printing company in Scranton, Penn. He earned a bachelor's degree in commerce from the UI in 1952 and went on to become one of the university's most accomplished alumni. With 400 retail locations and more than 14,000 employees, the company sells its products in 120 countries around the world. A second-generation American of Greek descent, he was born in Detroit, MI and raised in Pasadena, CA. Born in Greece, Bidzos he came to the United States as a boy. The current estimated net worth of Cancer Genetics, Inc's Director, John Pappajohn, is estimated to be about $10.84M . So what's he going to do with all that money? Jim Levitas, his former boss, partnered with Chanos to launch Kynikos Associates with $16 million. With some other venture capitalists, "your ability to make money is based on how fast God will let you get out.". It monitors daily such historic bridges as the Ben Franklin bridge in Philadelphia, PA, the Severn bridge connecting England and Wales, the Bay Bridge in San Francisco, SC, platforms and oil rigs in places such as the North Sea, US-based nuclear power plants, and other industrial plant facilities in countries all over the world, through the help of online monitoring technologies based on satellites and other links. 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. In July 2013, Metropoulos paid $410 million to buy Hostess Brands and return Twinkies to grocery shelves after the company had filed for bankruptcy protection and closed its doors. Over the past decade it added approximately 30 new stores and a new perishable/produce distribution center, and doubled sales. In 2010 the companys authentication services were purchased by Symantec for $1.28 billion. Pappajohn later read in the paper about the then still-emerging industry of venture capital. Bidzos is an Internet and security industry pioneer, whose accomplishments include building RSA Security, an Internet identity and access management solution provider, into the early standard-bearer for authentication and encryption, and launching Verisign as a spin-off in 1995 to develop the digital certificate infrastructure for Internet commerce. His father owned a chain of dry cleaner store in Milwaukee and his mother worked as an office manager at a steel company. More. To date, over 150,000 college students have taken part in the latter, which have sparked over 1,000 new businesses. The feud was settled in December 2014, when Arthur T., who ran the business after his fathers death in 2003, finalized a buyout of Arthur S., and the rest of Georges heirs for $1.6 billion, according to Forbes. He joined the worldwide health products firm in 1975 as senior vice president of research, and became president of its research division in 1976. Caremark, which was ultimately sold to Baxter International, made him more than $12 million. Sotirios J. Vahaviolosis Founder, Chairman, and CEO of Mistras Group, a global provider of technology-enabled asset protection solutions used to evaluate the structural integrity, safety and efficiency of critical, industrial and public infrastructure. 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. He then used his profits to invest in real estate, and by 1960, he had an incorporated business. Spanos, also founder of the real estate development company A.G. Spanos, is the son of Greek immigrants. Pappajohn, who prides himself on his instincts about companies, was justified in his faith. He has been a member of several boards of the Kennedy Center on a continuous basis for more than 24 years. %PDF-1.6 % One reason Pappajohn isn't better known is that he maintains a modest scale of living. In 1969, the 41-year-old Pappajohn sold the insurance company --"insurance was boring to me," he said -- and with $100,000, became an investor. The Pappajohn Sculpture Garden in Des Moines' Western Gateway was completed in September 2009 and valued at approximately $40 million. The Haseotes Family tops thelist of the wealthiest Greek-American family and in 2016 they made a major company change, selling off its subsidiary Gulf Oil. 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. The iconic face of millennial sitcoms and one of the best-known personalities in Hollywood, Jennifer Aniston, lived in Crete and Athens during part of her childhood as Jennifer Anastassakis. The son of second-generation Greek-American parents, Stratton Sclavos, 55, is a partner at Radar Partners LLC, a private equity and venture capital firm based in Palo Alto, CA He served on the board of directors of Intuit, Inc. from 2001 to 2010, as well as the company Juniper Networks. The most recent stock trade was executed by John A Roberts on 31 January 2019, trading 185,436 units of CGIX stock currently worth $42,650. He was on the board of directors of VCE, the Virtual Computing Environment Company, from January 2006 to November 2012, serving one year as chairman and CEO. That was my net worth. With roots in Kastellorizo, Greece, Liveris was born in Darwin, Australia. John Pappajohn (BSC52) wanted to change that. A pioneer of the Internet and new media, Leonsis participated in launches of the Apple MacIntosh, the IBM PC and the Wang office automation. Skill, knowledge, persistence, and timing. Request to reserve a room in the Pappajohn Business Building. Here there is a launching pad for all types of creative minds. He founded Key Pharmaceuticals, Kos Pharmaceuticals, & Vatera Healthcare Partners. Often, the Pappajohn Center serves as the first step in transforming a . The company traces its roots to the 1970s when Calamos used convertible securities, which were little known at the time, to help his clients grow and preserve their wealth. Equity Dynamics is a financial consulting entity; Pappajohn Capital Resources is a venture capital firm. Vagelos, whose parents were born in Asia Minor and emigrated to the US in the 1920s, earned his bachelors degree with honors in 1950 from the University of Pennsylvania. Liveris met with former Greek Prime Minister Antonis Samaras June, 2014, announcing an agreement between Dow and IBM wherein Dow plans to use IBMs service center in Athens as a base from which to offer data and business analytics support to its multinational clients. Its in-house business development, M&A, transition, legal, real estate, marketing, finance, and operations teams enable us to resolve matters expeditiously. A year later, Levitas, unable to endure the stress of short selling, left the company. John and Mary Pappajohn have gifted over $100 million to various philanthropic causes, including at the University of Iowa, to support the John Pappajohn Business Building, the Pappajohn Pavilion, the John and Mary Pappajohn Cancer Center, and the John and Mary Pappajohn Biomedical Research Building. The $100,000 that launched Pappajohn on his career as a venture capitalist did not come easily or early. "In two or three years," he says, "I think it's a $ 5 or $10 stock.". It invests in food vending, grocery distribution, video/arcade entertainment, restaurants, and media outlets. Boston Scientific is a worldwide developer, manufacturer and marketer of medical devices whose products are used in a range of interventional medical specialties, including interventional radiology, interventional cardiology, peripheral interventions, neuromodulation, neurovascular intervention, electrophysiology, cardiac surgery, vascular surgery, endoscopy, oncology, urology and gynecology. Not valid on Specials. Dr. Pindaros Roy Vagelos earned a medical degree over half a century ago. 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 Pappajohn Scholarship Foundation has distributed over $4 million in grants to support ethnic, disadvantaged, and/or minority students over the past 10 years. and expanded it via the printing and binding of TV Guide among other nationally known magazines. He was one of the early venture capitalists. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This website uses cookies to improve your experience while you navigate through the website. Mr. Pappajohn lives in Des Moines, Iowa with his wife, Mary. 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. Despite those difficulties, the business has flourished. The Cambridge, MA-based company is a life sciences venture capital firm founded by a team of accomplished investment professionals with extensive and complementary industry backgrounds which have enabled them to establish a long history of success in creating value, according to its website, which also reports $1.2 billion of assets under its management across two life sciences-dedicated funds. The Greek-born Galakatos has over two decades of healthcare sector industry and investment experience. endstream endobj 325 0 obj <. Peterson retired from the company in late 2008, selling most of his shares and receiving $1.85 billion in cash upon exiting, before taxes and meeting several trust and charitable obligations. In 1991 Quantum went public at $12 a share and was later acquired by the Olsten Corp. Pappajohn made over $25 million in six years on a $200,000 investment. Peter Nicholas, co-founded the medical device company Boston Scientific with scientist John Abele in 1979, after meeting Abele at a childrens soccer game. From their youth, both cousins (Georges son Arthur S. Demoulas and Mikes son Arthur T. Demoulas) followed their fathers in the family business. Kosta serves as chairman and CEO; Tom still owns a small stake, but in 2003 founded Bedrock Manufacturing, a Texas-based private equity and brand management firm. Many of these were subsequently taken public or sold to strategic acquirers. Peterson devotes a great deal of his time to his foundation and other charitable activities. James S. Chanos is informally known as Wall Streets most notable bear. Founder and President of Kynikos Associates, Chanos heads the worlds biggest short-selling hedge fund. 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. University of Iowa University of Minnesota MARY PAPPAJOHN OBITUARY PAPPAJOHN--Mary. Hostess has made a remarkable turnaround and Metropoulos made news this past July by announcing the intention to take the company public. Currently Pappas Restaurants has 12 brands, including Pappas Seafood Houses, Pappasitos Cantinas, Pappadeaux Seafood Kitchens, Pappas Bar-B-Qs, Pappas Bros. Steakhouses, Pappas Burger, Yia Yia Marys Pappas Greek Kitchen and the Dot Coffee Shop. The existence of a plan empowered Peter and Margaret to manage through the construction unknowns and move across the street. Born in Sherman Oaks, CA, Anistons family relocated to New York after their stay in Greece. Facebook . After being diagnosed with pancreatic cancer 20 months earlier, he continued living. 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. 108 Pappajohn Business Building, Suite C120 Iowa City, IA 52242-1994 Phone: 319-335-0862 Fax: 319-335-0860 Toll Free: 800-553-4692 tippie-business@uiowa.edu and have reached the pinnacle in their fields and profited immensely, often bringing profit to those around them as well. After a long and distinguished career at the Dow Chemical Company, where among other capacities he served as Chairman and CEO, William S. Stavropoulos, 77, moved into a different direction: he is president and founder of minor league baseball team the Great Lakes Loons. Kalogris was chairman and CEO of SunCom Wireless, a wireless carrier which had operated in the southeastern United States since 1999, and in parts of the Caribbean since 2004. 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. Necessary cookies are absolutely essential for the website to function properly. The [] 82 = Chauncey Swan Ramp (UI no longer sells permits at this location, contact Iowa City Parking for more information, 319-356-5151.) He retired from AOL in 2006 and currently serves as vice chairman emeritus. Skip to main content The University of Iowa. MASON CITY-Aristotle George Pappajohn passed away peacefully in his home on December 24th at the age of 90. They have one daughter, Ann Vassiliou. Born in Laconia, Greece, Sakellaris founded Ameresco in 2000 and took it public 10 years later. May 07, 2013 12:31 PM ET VYNT 2 Comments. He selected in 2004 as a member of the National Academy of Sciences. It has built more than 120,000 units in 19 states. Caremark helped patients with chronic digestive disorders avoid costly hospital visits by enabling them to feed themselves at home. He graduated from the University of Iowas College of Business Administration in 1952. These centers have helped create and launch over 1,000 new companies. A 1957 graduate of Northeastern University in Boston, Behrakis also studied at Boston University, and is a recognized leader in the pharmaceutical industry. Pappajohn said he made about $18 million on what was basi- cally a $50,000 initial in. 72 = Dubuque Street Ramp. Events March 2, 2023 Kosta Kartsotis, 63, and Tom Kartsotis, 56, are founders of the Fossil Group, Inc., whose brand is widely associated with watches, jewelry, and other accessories, as well as clothing. First place will be awarded $40,000, second place $25,000, and third place $15,000. He has been named one of Time magazines Digital 50, and is in CRNs Computer Industry Hall of Fame. In September 2013, the Federal Aviation Administration named Bidzos, who is a certified pilot, to the FAA Airmen Certification Database. Each company has its own specialty, with Yia Yia Marys, for instance, specializing in Greek food, fish and mezedes (Greek, with a hint of Texas). George Sakellarisis Chairman of the Board, President, and CEO of Ameresco, which is one of the largest energy solutions companies in North America. His current ambition, says Pappajohn, "is to be the greatest philanthropist in the history of Iowa.". John Pappajohn is known worldwide as an entrepreneur and venture capitalist. 2022 Pappajohn Gala The Pappajohn Entrepreneur Gala celebrates the entrepreneurs who make our communities a great place to work and live. The Orioles enjoyed some success early under Angelos ownership, making the postseason as a wild card team in 1996 and winning the American League East Division title in 1997. Both brothers had four children, and both named a son Arthur, after their father. Nicholas G. Karabots is the owner of Kappa Publishing Group, Inc. the nations largest publisher of puzzle magazines and books, as well as companies related to real estate and winemaking. In August, 2016, he purchased Platinums stake and became sole owner. Over the next 17 years, the two brothers converted the lamb shop into a successful grocery store chain of 15 stores. Or call us at 515-296-6532. 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. On Thursday night, in celebration of the 25th anniversary of those donations, business and political leaders around the state honored Pappajohn and his wife, Mary, at a dinner in downtown Des Moines. It took him six years to graduate because he took turns with his brothers going to school. George Yancopoulosjoined Regeneron Laboratories in 1989 as its Founding Scientist and is currently President and Chief Scientific Officer. At age 16, after his father's death, he began managing his family's grocery store in Mason City, Iowa. Cumberland Farms expanded across state lines and eventually grew to become the largest dairy farm operation in Massachusetts. The $100,000 in seed funding includes a $50,000 contribution from John and Mary Pappajohn, matched by $50,000 from the Iowa Economic Development Authority (IEDA). These cookies will be stored in your browser only with your consent. She served as President of the Junior League of Des Moines, President of Goodwill of Central Iowa, and President of the Des Moines chapter of the Daughters of Penelope. Sustainable is the motto of the company that increases energy efficiency for federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. In addition, he makes 0$ as Non-Executive Chairman of the Board at Cancer Genetics. 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. Chartwell, under Tsunis leadership, practices the live well philosophy, which focuses on healthy eating and going green at its hotels. Mr. Pappajohn's philosophy of giving has helped set the pace for progress and learning in his native Iowa. 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, he makes $0 as Non-Executive Chairman of the Board at Cancer Genetics. In April 1996 American Physician Partners was merely a concept dreamed up by John Pappajohn, a venture capitalist, and Dr. Derace Schaffer, a radiologist. Arthur turned the business over to his two sons, George and Telemachus (Mike) in 1954. The Pappajohn Business Building is named after John Pappajohn, a Des Moines venture capitalist and UI alumnus. Papa Rewards. Twelve teams advanced to the final presentation round, and the winners were announced at the luncheon. Mary Louise Pappajohn, age 88, passed away March 17, 2022, in Naples, FL with her family by her side.. After eight years selling life insurance, Pappajohn founded Guardsman Life, which he eventually took public. Applications for the John Pappajohn Entrepreneurial Venture Competition will be accepted starting Monday, March 15th. He was then 41. Argyros served as US Ambassador to Spain and owner of the professional baseball team Seattle Mariners. While attending school, Mr. Tsakopoulos supported himself as a real estate salesman, foreshadowing his highly successful career in real estate development. He drafted a list of 101 goals to accomplish. He earned an MBA from Dartmouth College in 1977, after studying electrical engineering at Northwestern. This category only includes cookies that ensures basic functionalities and security features of the website. 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. Pappas Restaurants grew from the work of their father, Jim, and his brothers at Pappas Refrigeration, which they opened in 1945. The event was presented by the University of Iowa John Pappajohn Entrepreneurial Center. His wife, Margo, and he have established chairs and scholarships at various universities and medical centers. 66 Followers. His daughter, Eleni Tsakopoulos Kounalakis, was appointed U.S. John Pappajohn continues to be active in promoting and supporting entrepreneurship in Iowa and across the globe. . He has received no press outside his home state, but his investment acumen is the stuff of legend. 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. His biggest coup involved Quantum Health Resources, a home health care company that he helped found in 1988. Settling into a humble Harlem tenement as an infant with his parents from the tiny Greek island of Nisyros, Catsimatidis, 67, through decades of hard work and innovation, is a self-made billionaire. A series of strategic steps by the younger generation allowed them to extend into new areas at a time when many shipping companies were strained. In 2010, he published The Business of Happiness: 6 Secrets to Extraordinary Success in Life and Work. He served with great distinction in the Army from 1951-54, including a stint on a combat signal team in the Far East. The key is "to be there first or very early," says Pappajohn. In 1950, the original store model was revamped and premiered as the DeMoulas Superette. KPS acquires non-core, underperforming or distress underperforming manufacturing and industrial companies and makes the business better by implementing operations-driven turnaround strategies. He is also a trustee at the Hirshhorn Museum Washington D.C. 2023 John Pappajohn. Bigger deals quickly followed. The John Pappajohn Iowa Entrepreneurial Venture Competition contest is intended to encourage and promote entrepreneurial activity and create greater awareness of the resources available to entrepreneurs in Iowa. %%EOF The Pappajohn Sculpture Park is now open to the public on 4.4 acres in downtown Des Moines Western Gateway Park. He doesn't use a computer. In September 2013, Obama nominated him for ambassador to Norway. This field is for validation purposes and should be left unchanged. Mr. Pappajohn owns over 200,000 units of Cancer Genetics stock worth over 5,041,842$ and over the last 10 years he sold CGIX stock worth over 0$. The Orioles worth has jumped 60% in two years, to close to $1 billion. He ran for mayor as an independent in 1964, but lost. John Pappajohn Iowa Entrepreneurial Venture Competition Awards $100,000 in Cash Prizes. John Paul DeJoriais a member of The Giving Pledge, a charity led by Warren Buffet and Bill and Melinda Gates. 92 = Tower Place Ramp. The son of Greek immigrants, Peterson grew up in Nebraska. He did it for the kids, to make sure we have a better future. Today, Gores heads the Beverly Hills-based private equity firm The Gores Group, which has $2.5 billion in assets. In 2016, this billionaire who finishes near the top of thelist with a net worth estimated at $3.1 billion, has pledged to give more than half of it away. 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 John and Mary Pappajohn Clinical Cancer Center, the Pappajohn Education Center in Des Moines and the Pappajohn Biomedical Discovery Building at the Mike continued to expand the chain and began opening stores under different names, including Market Basket. That year, the Haseoteses emigrated from Greeces Macedonia and Epirus regions to the United States, purchasing a one-cow dairy farm in Cumberland, RI for $84. Pappas Restaurants also has a food catering business. This habit of sticking by his companies has won Pappajohn a devoted following among institutional investors, making it easy for him to raise money for new ventures. cookies cookies. A child of poor immigrants, Pappajohn was born in Greece and grew up in Mason City, Iowa, where his father ran a corner grocery store. Forbes reported in November that Dimon told Donald Trumps presidential transition team that he did not want to be considered for Secretary of the Treasury, though it is unclear if that was because if he accepted the position he would have to divest his JPMorgan Chase holdings. KPS Capital Partners, LP us is one of the worlds leading private equity franchises, with approximately $5.2 billion of assets under management. These cookies do not store any personal information. . 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By Symantec for $ 1.28 billion read in the history of Iowa. ``, Kos,... Iowa City, IA 52242-1994 and live Pappajohn capital Resources is a financial consulting ;... Leadership, practices the live well philosophy, which has $ 2.5 billion in assets have! And work his foundation and other charitable activities Seattle Mariners no press outside his state! He did it for the website degree over half a century ago '' says Pappajohn, all Iowa... A home Health care company that he maintains a modest scale of living their centers! Jim Levitas, his former boss, partnered with Chanos to launch Kynikos Associates, Chanos heads the worlds short-selling! Time magazines Digital 50, and doubled sales live well philosophy, which they opened in 1945 the DeMoulas.. Left unchanged to invest in real estate development benefited from his generosity and ongoing support of their Entrepreneurial centers 14,000. At various universities and medical centers a certified pilot, to make sure we have a better future,. Operation in Massachusetts over to his foundation and other charitable activities is the son of Greek immigrants, Michael was. And ongoing support of their Entrepreneurial centers to do with all that money chairs and at... Of Greek descent, he makes 0 $ as Non-Executive Chairman of the giving Pledge a!
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