Billionaire Thomas Lee, Friend of Clintons, Found Dead From Apparent Suicide – RedState

Billionaire personal fairness financier Thomas H. Lee was discovered lifeless in his Fifth Avenue Manhattan workplace on Thursday, an obvious suicide from a self-inflicted gunshot wound.

Police have been known as round 11:00 on Thursday and EMTs decided that the 78-year-old was lifeless. The health worker will examine to formally decide the reason for dying.

Lee was one of many first to make use of leveraged buyouts — buying corporations utilizing cash that’s borrowed towards the corporate being purchased.

“The family is extremely saddened by Tom’s death. While the world knew him as one of the pioneers in the private equity business and a successful businessman, we knew him as a devoted husband, father, grandfather, sibling, friend and philanthropist who always put others’ needs before his own,” Lee household buddy and spokesperson Michael Sitrick mentioned in an announcement.

Lee based Thomas H. Lee Partners in 1974 till he left to type Lee Equity Partners in 2006. He was additionally an enormous philanthropist, contributing to many art-related organizations together with the Lincoln Center for the Performing Arts, the Museum of Modern Art, and the Whitney Museum of American Art. He additionally gave $22 million to Harvard University.

In one unimaginable transfer, Lee orchestrated the sale of Snapple for $1.7 billion in 1994 two years after he purchased it, then made a return of 32 occasions fairness. He was price $2 billion at his dying.

Lee was married twice and had 5 youngsters in addition to two grandchildren.

One of the opposite issues of word is that he was a great buddy of Bill and Hillary Clinton.

After Hillary flamed out within the 2008 main towards Barack Obama, she and Bill went to remain at Lee’s East Hampton property. He was a political donor and bundler for Hillary Clinton together with throughout her 2016 run.

I wrote earlier within the week in regards to the uncommon information from the police report on former particular advisor to Bill Clinton Mark Middleton who was discovered to have dedicated suicide final yr. The report confirmed that he was shot within the chest, however there was reportedly no gun discovered.

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