John W. Childs

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John W. Childs
Born1941/1942 (age 78–79)[1]
NationalityAmerican
EducationYale University
Columbia University
OccupationBusinessman
Known forArranged the purchase of Snapple
Net worth$1.2 billion (2006)[1]
TitleCEO and founder of J.W. Childs Associates

John W. Childs (born 1941/1942) is an American billionaire businessman, the CEO and founder of J.W. Childs Associates, a private equity firm.

Early life[edit]

Childs earned a BA from Yale University and an MBA from Columbia University.[2]

Career[edit]

Childs has worked for Prudential Insurance Company, and is the vice president of Canada Carbon.[2] Childs worked for Thomas H. Lee Partners, where he arranged the purchase of Snapple. He has a reported net worth of $1.2 billion.[1]

Politics[edit]

Childs is a major Republican donor, giving $1 million to Mitt Romney's campaign and $1.1 million to the Club for Growth, as well as donating to the campaigns of Congressmen Eric Cantor and Paul Ryan.[3]

2019 solicitation charge[edit]

In February 2019, Childs was charged with solicitation of prostitution in connection with a police investigation into Florida massage parlors. Childs denied the charges.[4][5] After being charged, Childs stepped down as chairman of J.W. Childs Associates.[6]

References[edit]

  1. ^ a b c d Storrs, Francis (March 2006). "The 50 Wealthiest Bostonians". Boston Magazine. Retrieved October 11, 2013.
  2. ^ a b "John Childs: Executive Profile". Bloomberg Businessweek. Retrieved October 11, 2013.
  3. ^ Yang, Jia Lyn (October 11, 2013). "Here's who pays the bills for Ted Cruz's crusade". The Washington Post. Retrieved October 11, 2013.
  4. ^ Parmar, Hema (February 22, 2019). "Buyout Pioneer John Childs Charged in Florida Prostitution Sting". Bloomberg.com. Bloomberg L.P. Retrieved February 23, 2019.
  5. ^ Schmitz, Ali (February 22, 2019). "Billionaire equity firm owner John Childs accused in Florida prostitution ring". USA Today. Retrieved February 23, 2019.
  6. ^ Idzelis, Christine (February 25, 2019). "J.W. Childs Founder Is 'Muzzled' After Prostitution Ring Charges". Institutional Investor. Retrieved August 19, 2019.