Harold Simmons Dies: Billionaire Republican Donor Was 82

Image: Harold Simmons Dies: Billionaire Republican Donor Was 82

Monday, 30 Dec 2013 11:45 AM

By Clyde Hughes

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Billionaire Harold Simmons, one of the richest men in the country and a major Republican Party donor, died Saturday at the Baylor University Medical Center in Dallas at 82. He once called President Barack Obama the most dangerous man in America, according to Forbes.

Simmons was listed No. 40 on Forbes' list of the 400 wealthiest Americans with a net worth of $10 billion as of the fall.

Known for his savvy investment in energy and industrial companies, Simmons began his financial empire in 1960 when he bought a pharmacy with $5,000 worth of savings and a $95,000 loan. By 1973, he had built of a chain of 100 stores and sold them to Eckerd for more than $50 million.

Urgent: Do You Approve Or Disapprove of President Obama's Job Performance? Vote Now in Urgent Poll

Under Contran holding company, Simmons built NL Industries (formerly National Lead); Titanium Metals, which he sold a year ago, pocketing $1 billion, and Kronos Worldwide and Keystone Consolidated Industries, which he recently took private.

According to The Dallas Morning News, Simmons was one of the top Republican contributors during the last presidential election cycle in 2012.

He pumped millions of dollars into Republican campaigns in hopes of unseating Obama. His philanthropic efforts, though, were varied, as he also contributed to Planned Parenthood and Dallas' Resource Center, which helps the city's LGBT community, according to the Dallas Morning News.

"Harold Simmons was a true Texas giant, rising from humble beginnings and seizing the limitless opportunity for success we so deeply cherish in our great state," Gov. Rick Perry told the Dallas Morning News in a statement. "His legacy of hard work and giving, particularly to his beloved University of Texas, will live on for generations."

The Associated Press said billionaire T. Boone Pickens added: "Harold Simmons was one of my best friends, and it's never easy to say goodbye to close friends. Harold accomplished so much in his life. He was a passionate person — passionate about his family, his business, philanthropy and politics. ... We should all leave such a rich legacy behind."

Editor's Note: ObamaCare Is Here. Are You Prepared?

"Dallas has lost a truly generous giant," Doug Curtis, president and CEO of the AT&T Performing Arts Center, said to the Dallas Morning News in a statement. Simmons gave $5 million for the center to be built, according to the AP.

Related Stories:

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Mark-1 Plumbing: Truck From Texas Winds Up With Militants in Syria

Wednesday, 17 Dec 2014 18:06 PM

A photo of an old truck with a Mark-1 Plumbing logo on the side that used to belong to a Texas plumber has showed up on  . . .

Thief Fakes Heart Attack While Cohort Runs Out With Toys, Video Shows

Thursday, 18 Dec 2014 16:28 PM

A plan by two Florida criminals went awry after one thief lay on the floor, having a fake heart attack, so his partner c . . .

Crooks Steal From 5-Year-Old Cancer Patient; TVs, Video Games, PS4 Gone

Thursday, 18 Dec 2014 15:40 PM

Police are on the hunt for the crooks who stole electronics from a 5-year-old brain cancer patient's St. Louis home. . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved