Sir John Templeton: a businessman, a venture investor
American and British entrepreneur John Templeton lived an exciting 95 years and died in 2008 in the Bahamas.
The future businessman and, according to some publications, “the best stock manager” was born in Tennessee in a poor family. It happened on 29 November 1912.
John graduated from Yale University, part of the Ivy League, the commonwealth of eight of the most prestigious private Universities in the United States. Since Templeton was the best student in his course, he continued his studies and received a degree (law) in Oxford.
John Templeton: when capital is multiplied many times
On Wall Street, known for New York stock exchange, the future billionaire appeared in 1937. Two years later, the Second World War broke out, which mixed the cards for many American entrepreneurs. Templeton borrowed $ 10,000 from the boss and bought one-dollar bonds, which seemed promising to the novice investor. The estimation was successful – the businessman quadrupled the capital. After almost 20 years of successful trading, the entrepreneur created the Templeton Growth Fund, Ltd. Anticipating the growth of the Japanese economy, Templeton was the first to invest in the enterprises of the Land of the Rising Sun. Every hundred thousand invested in 1960 turned into $ 55 million in 1999.
In 1954, a client of John Templeton Leroy Pasley transferred to the management of 65 thousand dollars. After 40 years, Leroy already had 37 million.
In 1992, the businessman sold all his companies for $ 440 million. By this time, John had renounced the USA citizenship due to allegedly exorbitant taxes. Instead, Templeton was handed two passports – the Bahamas and the UK.
After selling businesses, billionaire engaged in charity, for which he founded a number of relevant organizations. The master of Wall Street named: Fund, prize and library. In 1987, the British Queen Elizabeth II awarded John the title of knight, thanks to which a native of a poor family was officially called as “Sir John Templeton”. Talented manager was awarded such honor for a huge amount of funds directed to charity.
John Templeton was included in the list of the most influential people in the world. His merits include not only phenomenal asset management and philanthropy, but also the eternal desire to reach spiritual heights through scientific research.