David G. Booth
| David G. Booth | |
|---|---|
| Born | Lawrence, Kansas, United States |
| Alma mater |
University of Kansas (B.A., M.S.) University of Chicago (M.B.A.) |
| Occupation | Co-founder and CEO, Dimensional Fund Advisors |
| Net worth |
 US$1.3 billion (March 2014) |
David G. Booth (born c. 1946) is an American businessman. He is the co-founder and co-CEO of Dimensional Fund Advisors (along with Rex Sinquefield and Eduardo Repetto, respectively). In 2008, he donated $300 million to the University of Chicago Graduate School of Business (equivalent to $330 million in 2016), which is the largest donation ever given to a business school. It has since been renamed the University of Chicago Booth School of Business. He earned his MBA degree from the school in 1971. Booth grew up in Lawrence, Kansas.
Booth graduated from Lawrence High School in Lawrence, Kansas and then received a B.A. in economics in 1968 and an M.S. in business in 1969 from the University of Kansas, also located in Lawrence. He then enrolled at the University of Chicago GSB in 1969 as a doctoral student, leaving in 1971 with an M.B.A. degree. He was a research assistant to Eugene Fama, and met his future business partner, Rex Sinquefield at the school.
After pioneering index fund investing at Wells Fargo Bank, he joined with Sinquefield in 1981 to form Dimensional Fund Advisors. The fund focuses on investment strategies in "small" (low capitalization) stocks, as well as "value" (low price/book ratio) and non-U.S. stocks. The firm, which is privately held, manages about $460 billion.
He has published several academic articles including "Diversification Returns and Asset Management" with Eugene Fama. The article won the 1992 Graham and Dodd Award of Excellence from the Financial Analysts Journal.
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