Nestle-LeMur Co. - Stock Certificate
Inv# GS5823 StockStock printed by Mount & Co., Cleveland.
George Lyle Lindemann (March 26, 1936 – June 21, 2018) was an American billionaire businessman known for being the chairman and chief executive officer of Southern Union, a pipeline company. He was also the owner of 19 Spanish-language radio stations and the vice president of the Metropolitan Opera Association in New York City.
He ranked #703 on the Forbes 2018 list of the world's billionaires, with a net worth of US$3.3 billion.
Shortly after, he founded a cell phone company, Metro Mobile, which he later sold to Bell Atlantic for $2.5 billion in 1991. He then shifted his focus to struggling natural gas pipeline company Southern Union, which he had acquired through Metro Mobile in 1990 for $125 million. He was CEO of Southern Union, and sold it in 2012 to Energy Transfer Equity, for approximately $2.0 billion.
Lindemann owned 19 Spanish-speaking radio stations. He was president of Cellular Dynamics and the managing general partner of Activated Communications Limited Partnership beginning in 1982. He was a general partner of Panhandle Eastern. He sat on the board of directors of HI Europe Limited and on the advisory board of Hudson Clean Energy Partners.
According to Forbes 2018 list of the world's billionaires, Lindemann’s net worth was US$3.3 billion.
George Lindemann was a previous owner of Aristotle Onassis’s New York City townhouse, which was later owned by John C. Whitehead.
George Lindemann was born to a Jewish family in 1936 in New York City. He received a bachelor's degree in economics from the Wharton School of the University of Pennsylvania.
George Lindemann was a collector of early 20th century Cartier timepieces and modern art. Several pieces from his collection, which comprised ornate clocks and bejeweled art pieces, and luxury objects, were featured in Architectural Digest.
Seventy objects from the collection were presented in the exhibit “Cartier masterworks From The George and Frayda Lindemann Collection” at the Walters Art Gallery in Baltimore in 1989. The collection totaled “half an acre of diamonds, rubies, pearls and semiprecious stones set in platinum, gold and silver and features a topaz as big as the Ritz.”
The San Diego Museum of Art featured pieces from the collection in a 1989 show entitled “Reflections of Elegance: Cartier Jewels from the Lindemann Collection”. The collection was the focus of a monograph published by the New Orleans Museum of Art in 1999.
George Lindemann and his wife Frayda supported the creation of The Lindemann Family Public Service Scholarship at New York University Law School, which pays full tuition for one year for an NYU law student pursuing public service law. George Lindemann made a donation to support Brown University’s Political Theory Project, an effort to encourage the study of political topics from a “variety of ideological perspectives.” The Lindemann Young Artist Development Program at the Metropolitan Opera is named after him and his wife. The Lindemann family also donated to the Greenwich Hospital Foundation.
The Lindemann family are longtime residents of Greenwich, Connecticut. After George Lindemann passed away, his wife Frayda, sons Adam and George Jr., and daughter Sloan Lindemann Barnett donated to refurbish the Intensive Care Unit (ICU) where George Lindemann received care. They named the ICU in honor of his doctor there, Greenwich physician James A. Brunetti, DO.
He has made donations to Republican candidates, such as Michele Bachmann, Newt Gingrich, Ed Royce, Denny Rehberg, and Virginia Foxx. He is a supporter of the Center for Jewish History.
Lindemann was married to Frayda B. Lindemann who is vice-president on the board of the Metropolitan Opera. They have three children:
- Adam Marc Lindemann, president of Lindemann Capital, is an art collector, gallerist, columnist for the New York Observer, and a former champion polo player. In 1989, he married Elizabeth Ashley Graham. Her maternal grandfather is Charles R. Denny, former chairman of the FCC. They had three daughters. The Lindemanns divorced, and Adam is now married to Amalia Dayan, the granddaughter of Moshe Dayan. The couple has two daughters.
- Sloan Lindemann Barnett sits on the board of trustees of the New York University School of Law and runs a natural health products business. She is married to Roger Barnett, CEO of Shaklee, and a son of Victor Barnett and Helaine M. Barnett. They have three children.
- George Lindemann Jr. is an art collector, investor, and philanthropist in Miami. He served time in prison after being convicted by a jury of insurance fraud.
Lindemann was the president of the board of directors of the Bass Museum of Art. He lived in Palm Beach, Florida, but sold the house in 2008. He has other homes on the Upper East Side and in Greenwich, Connecticut. As of September 2011, he was the 736th richest person in the world, and the 220th richest in the US, with an estimated wealth of US$2.1 billion. He owned a 180-foot schooner, Adela, which has won international sailing competitions. The Lindemanns are members of the Jewish Federation of Palm Beach County.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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