Who is Lorry Lokey? Discover the net worth of the philanthropist and founder of the largest news wire in the world!
Lorry Lokey, born on January 3, 1927, is a philanthropist and the founder of Business Wire, the largest news wire in the world. He is also the founder of the Lorry I. Lokey Graduate School of Business at Mills College in Oakland, California. Lokey was born in Portland, Oregon, and he grew up in a poor family. He served in the US Army during World War II, and then he attended the University of Oregon. After graduation, he worked as a journalist for several newspapers.
Net Worth of Lorry Lokey
Lorry Lokey’s net worth is estimated at $1.9 billion. He earned his wealth through his successful career as a businessman. He founded Business Wire in 1961, which he sold to Berkshire Hathaway for $680 million. He also made significant donations to charity, primarily through his Lorry I. Lokey Charitable Foundation.
Philanthropy
Lorry Lokey is a well-known philanthropist. He has donated millions of dollars to charity, particularly to education and medical research. He created the Lorry I. Lokey Graduate School of Business at Mills College in 1990, and since then, he has donated more than $100 million to the school. He also donated $33 million to Stanford University’s School of Medicine in 2010.
Award
Lorry Lokey has received numerous awards for his philanthropy, including the Outstanding Philanthropist of the Year Award from the Association of Fundraising Professionals in 2006. He also received the Andrew Carnegie Medal of Philanthropy in 2015.
Business Wire
Business Wire is the largest news wire in the world. It was founded by Lorry Lokey in 1961, and it provides press release distribution services for companies. It is now owned by Berkshire Hathaway, and it operates in 18 countries.
Mills College
Mills College is a liberal arts college for women in Oakland, California. Lorry Lokey created the Lorry I. Lokey Graduate School of Business at Mills College in 1990, which offers MBA programs for women. Mills College has a strong commitment to social justice, and it is the first women’s college to offer an LGBTQ Studies major.
Stanford University’s School of Medicine
Lorry Lokey donated $33 million to Stanford University’s School of Medicine in 2010. The donation was used to establish the Lorry I. Lokey Stem Cell Research Building, which focuses on the development of stem cell therapies for human diseases.
The Lorry I. Lokey Charitable Foundation
The Lorry I. Lokey Charitable Foundation is a philanthropic organization created by Lorry Lokey. The foundation supports education, health, and human services programs, primarily in the Bay Area. The foundation has donated millions of dollars to charities such as the San Francisco Food Bank and the American Cancer Society.
Conclusion
Lorry Lokey is a philanthropist and businessman who has made a significant impact in the world through his donations to charity. He is known for his generosity towards education and medical research, and he has received numerous awards for his philanthropy. Lokey founded Business Wire, the largest news wire in the world, and he created the Lorry I. Lokey Graduate School of Business at Mills College.
FAQs
1. What is Lorry Lokey’s net worth?
Lorry Lokey’s net worth is estimated at $1.9 billion.
2. What is Business Wire?
Business Wire is the largest news wire in the world that provides press release distribution services for companies.
3. What is the Lorry I. Lokey Graduate School of Business?
The Lorry I. Lokey Graduate School of Business is an MBA program for women at Mills College in Oakland, California.
4. What charities has the Lorry I. Lokey Charitable Foundation donated to?
The Lorry I. Lokey Charitable Foundation has donated to charities such as the San Francisco Food Bank and the American Cancer Society.
5. What award did Lorry Lokey receive in 2006?
Lorry Lokey received the Outstanding Philanthropist of the Year Award from the Association of Fundraising Professionals in 2006.