#1410
George Joseph
Overview
- Source of Wealth
- Insurance
- Industry
- Finance & Investments
- Residence
- Los Angeles, California
- Education
- Harvard University (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 5
Assets
- Mercury General Corp.19,568,000 shares @ --MCY-US
Biography
George Joseph is the founder of Mercury General, an insurance provider with $5.5 billion in annual revenues.
After raising $2 million in capital, he started Mercury General in 1962 and offered cut-rate deals to safer-than-average drivers.
He owns 35% of the publicly traded insurance firm, which offers automotive, home and fire insurance.
Raised amidst the Great Depression, Joseph was a flight navigator during World War II.
He graduated from Harvard with majors in math and physics in 1949.
About
Joseph named the company after the Roman god Mercury, because he wanted the company to be nimble in business ventures.
Joseph is America's oldest billionaire.