Jonathan Nelson – Billionaire

Jonathan Nelson is CEO of Providence Equity Partners, the $50 billion (assets under management) private equity firm he founded in 1989. Providence sold the Ironman triathlon series for $900 million in the fall of 2015, quadrupling its initial investment. Nelson studied economics at Brown, then got his MBA at Harvard. Today he is a member of Brown’s governing board. In January 2016, he announced a $25 million gift to launch the school’s Jonathan M. Nelson Center for Entrepreneurship, which opened in the fall of 2016. He has also served on the board of directors of the Newport, Rhode Island Jazz Festival.

Jonathan Nelson net worth: Jonathan Nelson is an American businessman who has a net worth of $1.8 billion dollars. Jonathan Nelson is the richest person in Rhode Island. Born in Providence, Rhode Island, Jonathan Nelson graduated from Brown University with a degree in Economics, and then went on to receive his M.B.A. from Harvard University. After working for Wellman, a chemical company based in China, he returned to the United States and launched his own company, Providence Equity Partners in the late 80s. The purpose of the company was to manage investments in media, information services, education, and communications initiatives. The company invested in development around the world, and has sold stakes in many successful companies over the years. Most recently, Providence Equity made a $3 billion profit from the sale of their stake in Kabel Deutschland, a German cable company. They currently manage over $25 billion, and they also own a number of smaller, private companies. Mr. Nelson sits on the board of a number of entertainment companies, such as Univision and Hulu, as well.