Gary Winnick
| Gary Winnick | |
|---|---|
| Born |
October 13, 1947 New York, New York |
| Nationality | United States |
| Education | B.A. C.W. Post College, Long Island University (LIU Post) |
| Occupation | Financier and Philanthropist |
| Known for | Senior Vice President, Drexel Burnham Lambert, Founder and Chairman, Global Crossing, Chairman, Winnick & Company |
| Spouse(s) | Karen Winnick |
| Children | 3 |
Gary Winnick is an American financier best known for founding and being Chairman of Global Crossing between 1997 and 2002. He resigned from the company in 2002 just before the company filed for bankruptcy protection. He is a global philanthropist who has funded hospitals, museums, schools and college scholarships. The Winnick Family Foundation has funded scholarships at Stanford University, Cornell University, Brown University, Tufts University and LIU Post, and endowed a faculty position at Columbia University.
As of April 1999, Winnick had amassed the fastest billion dollar fortune in history with $4.5 billion in 18 months from a $15 million investment in Global Crossing. He reached the mark faster than Jeff Bezos (4 years), Mark Zuckerberg (4 years) and Bill Gates (12 years).
He is currently Chairman and Chief Executive Officer of Winnick & Company, a Los Angeles-based private investment firm founded in 1985.
Winnick was born to an Jewish family in 1947 and grew up in New York, New York. His father owned a restaurant-supply business. When he was 16, he got his first job at a Howard Johnson's on Northern Boulevard. He graduated from the C.W. Post University, part of Long Island University, in 1969.
Winnick joined Drexel Burnham in 1972. There he was senior vice president and a partner of Michael Milken.
In 1985, Winnick formed Pacific Capital Group, a private investment firm focused on private equity and restructuring. In 2013 the name of Pacific Capital Group changed to Winnick & Company. Winnick & Company invests in a select group of industries, including digital media, entertainment, technology, telecommunications, health care, and real estate.
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