John Templeton
| Sir John Templeton | |
|---|---|
| Born |
John Marks Templeton 29 November 1912 Winchester, Tennessee, U.S. |
| Died | 8 July 2008 (aged 95) Nassau, Bahamas |
| Citizenship | United Kingdom |
| Alma mater |
Yale University Balliol College, Oxford |
| Occupation | Investor, fund manager, and philanthropist |
| Known for | Managing the Templeton Growth Fund Endowing Templeton College, Oxford Founding the John Templeton Foundation Creating the Templeton Prize Humility theology |
| Board member of | Princeton Theological Seminary |
| Spouse(s) |
Judith Folk (m. 1937–51) Irene Reynolds Butler (m. 1958–93) |
| Children | John Jr., Anne, Christopher |
| Awards |
Rhodes Scholar Knight Bachelor |
Sir John Marks Templeton (29 November 1912 – 8 July 2008) was an American-born British investor, fund manager, and philanthropist. In 1954, he entered the mutual fund market and created the Templeton Growth Fund. In 1999, Money magazine named him "arguably the greatest global stock picker of the century."
John Marks Templeton was born in the town of Winchester, Tennessee, and attended Yale University, where he was an assistant business manager for campus humour magazine Yale Record and was selected for membership in the Elihu society. He financed a portion of his tuition by playing poker, a game at which he excelled. He graduated in 1934 near the top of his class. He attended the Balliol College in Oxford University as a Rhodes Scholar and earned an M.A. in law.
Templeton, during the Depression of the 1930s, bought 100 shares of each NYSE listed company which was then selling for less than $1 a share ($17 today) (104 companies, 34 in bankruptcy, in 1939), later making many times the money back when USA industry picked up as a result of World War II.
Templeton became a billionaire by pioneering the use of globally diversified mutual funds. His Templeton Growth Fund, Ltd. (investment fund), established in 1954, was among the first who invested in Japan in the middle of the 1960s. Templeton also created funds specifically in certain industries such as nuclear energy, chemicals, and electronics. By 1959, Templeton went public, with 5 funds and more than 66 million dollars under management.
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