2002 Continued to grow at a robust pace with the addition of the Volvo and GMC Los Angeles franchises and a used truck center in San Bernardino, CA. All three Thompson sons earned business degrees from Oregon State, and have since been involved with the College of Business. He is estimated to have a net worth of $1 million in 2023, with a salary of the same amount. mba 2002 - 2023 THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. All Rights Reserved. He built his business repairing and selling used trucks on a few simple ideas: teamwork, entrepreneurship and being customer-driven. All net worths are calculated using data drawn from public sources. Mr.Thompson and the Member Class of 2022 will be formally inducted into the Association on April 7-9, 2022, during the Associations 75thHoratio Alger Award Induction Ceremonies in Washington, D.C. steve thompson bethel . In 2018, Thomson Reuters announced it was selling a controlling stake in Refinitiv, a financial data provider, to Blackstone for $17 billion. However, his family is the richest family in Canada with $35 billion combined fortune. Swathi Veldandi Design Studio. He was the Final Four's most . 1996-2022 Davis Wright Tremaine LLP. The renowned stud extends to just under 1,000 acres. Company size: 501-1000 employees. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. Find top employees, contact details and business statistics at RocketReach. Soon after, he had an opportunity to join Market Transport, a trucking company owned by Peter Stott, a Horatio Alger Association member from the class of 2014. Through the generosity of its Members and friends, in 2020, the Association awarded more than $21 million in undergraduate and graduate need-based scholarships to 2,500 students across the United States and Canada and provided college support and mentoring services to its Scholars. Founded: 1976. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars., Thanks to the generosity of its Members, the Association awards need-based scholarships to outstanding high school students who are committed to pursuing higher education and giving back to their communities. In order to ease his familys financial burden,hebegan working at age 16 at a garage and gas station. As the second generation of ownership at TEC, all three Thompson sons have a unified vision for the future of the company. Thompson was the ABA Rookie of the Year, an ABA All-Star, the ABA All-Star Game MVP, and made the ABA All-Time Team. TECs expansion from a single used truck center to 22 franchised dealerships and three used truck centers and 1,000 employees has not followed a traditional path. Michael Jordan asked David Thompson to introduce him for him his NBA Hall of Fame induction. 484-385-2913 (office) About the author David I. Bainbridge is Emeritus Professor of Business Law at Aston Business School, Aston University and an honorary member of Hardwicke Building, Lincoln's Inn. 1976 David Thompson founded Thompson Equipment Company. Since 1984, the Association has awarded more than $235 million in undergraduate, graduate, military veteran and career and technical education scholarships to more than 35,000 deserving students. About Us; Staff; Camps; Scuba. For more information about Horatio Alger Association and its Member Class of 2020, please visit www.horatioalger.organdfollow the organization on Facebook, Twitter and Instagram. TEC Equipment was founded in 1976 by David Thompson. Sign up for our newsletter for updates on new parts specials, job offers, and more. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. She receives most of her income from her diverse, well-paying career. He has taken a mortgage loan for his home, around $60,000, of which he already paid off $10,000. by Sabine Bickford. TEC Equipment, headquartered in Portland, Oregon, and founded in 1976, is a retailer and maintenance service company for new and preowned Mack and Volvo brand heavy-duty trucks, medium-duty trucks, trailers, and auto transport vehicles. 1999 Acquired the Mack Los Angeles, CA franchise. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. Mr. joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. 2012 Acquired Volvo in Seattle, followed by Mack 6 months later. 86% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. Horatio Alger Association of Distinguished Americans, Inc. , a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, today announced that. Through an economy collapse in 1981 and impending company foreclosure, Mr. Thompson prevailed and purchased a repossessed fleet of 102 trucks, which he resold for a profit to save Thompson Equipment Company. Today, with 25 facilities in 21 cities, TEC Equipment owns all the Volvo & Mack Truck franchises in Oregon, Washington, Nevada and . We are thrilled to welcome David as a Member.". Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. The second generation started working at TEC as teenagers doing menial labor. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. He won the NCAA championship in 1974 and was named NCAA Final Four Most Outstanding Player. Previously, David was the Remote Vfx Composito r at Ratchet Digital and also held positions at Henningsen Cold Storage Co., Take 5 Productions, Technicolor, Dufferin Gate Productions, Invisible . West Palm Beach, Florida | February 3-6, 2023; . , In addition to his professional success, h, e is a pillar in his community, providing, providing those in need with valuable opportunities and support, established a major annual scholarship program. 2011 Opened a leasing and parts center in Tacoma, WA. During those early days in Portland, Oregon, TEC Equipment was known as Thompson Equipment Company and its business was buying and selling used trucks and trailers. All rights reserved. He then started Thompson Equipment Company, buying and selling used trucks. His work experience at TEC has focused on the fixed operations side, centering on the logistics side of the business before moving into his current role as leasing PMO lead. The median net worth for the 35-44 group, $91,300, is still more than 16% below the pre-Recession median net worth of $109,430 in 2007. David Thomson, chairman of media and publishing group Thomson Reuters Corp., is again the wealthiest Canadian and ranks 27th globally with a net worth of US$32.5 billion. As of February 2023, David Thomson's net worth is estimated to be roughly $50 Billion. Thomson has a diverse art portfolio reported to include pieces from Pablo Picasso and the world's top collection of English romantic painter John Constable. Net worth is the amount by which assets exceed liabilities. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.. Ikkat Pure Silk Pochampally Lehanga Designs Online David Thomson has a net worth of $5.09 billion. Over the next 20 years, TEC expanded across Oregon and California and into Washington, Nevada and Arizona. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. And the portfolio of investments is $50,000. The Association honors the achievements of outstanding leaders who have accomplished remarkable successes in spite of adversity by bestowing upon them the Horatio Alger Award and inducting them as lifetime Members. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. On average, they expect VYNE Therapeutics' stock price to reach $6.50 in the next twelve months. He's arguably N.C. State's greatest basketball player, playing from 1972-75. Fiber and Copper Multi Tester. For more information, please visit www.horatioalger.org. 2014 Acquired Wabash Trailer franchises in Portland, OR and Fontana and Sacramento, CA. 2003 Purchased the Volvo and Mack franchises for Eugene, OR and Medford, OR. Find company research, competitor information, contact details & financial data for TEC Equipment, Inc. of Portland, OR. CONTACT: Carly Buggy 484-385-2934 (office) cbuggy@briancom.com. Mr. Thompson and the Member Class of 2020 will be formally inducted into the Association on April 2-4, 2020, during the Association's 73rd Horatio Alger Award Induction Ceremonies in Washington, D.C. Soon after, he had an opportunity to join Market Transport, a trucking company owned by Peter Stott, a Horatio Alger Association member from the class of 2014. Welcome visitor you can state of oregon mileage reimbursement rate 2021 Mr. Thompson changed his businesss name to TEC Equipment, Inc. in 1983, and through his leadership over the next several decades, it has become one of the top three dealers of new and used trucks and trailers in the country. 1998 Acquired the Mack Ontario, CA franchise. David Thompson, (born April 30, 1770, London, Eng.died Feb. 10, 1857, Longeuil, Lower Canada [now Quebec]), English explorer, geographer, and fur trader in the western parts of what are now Canada and the United States. Today he concentrates on developing and implementing workflows to streamline the leasing support business and reduce logistical friction for easy, efficient customer experiences. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. #26 David Thomson & family on the 2022 Billionaires - David Thomson and his family control a media and publishing empire founded by his grandfather Roy . Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. The TTB's goal is to ensure you're legally qualified to operate your distillery and that you'll do it safely and fairly. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. 99 Canal Center Plaza, Suite 320 "I have admired the Association's work for years and I'm continuously impressed by the incredible impact a scholarship from this organization can have on the lives of inspiring young people," said Mr. Thompson. In 2020, he was listed as the wealthiest person in Canada. William joined TEC in 2014 after earning a degree in Business Administration from Oregon State University and a degree in Supply Chain Management from Lund University in Lund, Sweden. David struggled with drugs and alcohol later in life but eventually got clean. david thompson tec equipment net worth; PDF Identifying the Signer How to Write a Legal Caption | Legal Beagle Each co-owner has a separate legal title to his undivided interest. 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