James Coulter net worth Wiki, Height, Biography, Wife, Children And Early Life
James Coulter net worth
James Coulter Net Worth: James Coulter is an American investment manager with a net worth of $2.1 billion. He has amassed a wealth of money in his fortune as one of the founders of TPG Capital, a private equity giant formerly known as Texas Pacific Group. Born in 1959, Coulter graduated summa cum laude from Dartmouth College, and shortly afterward earned an MBA from Stanford University.
First, he worked for Lehman Brothers Kuhn Loeb, then he joined the Robert M. Bass Group. While working for billionaire Robert Bass, Kurt met his future partner, David Bonderman. In 1992, the two formed Texas Pacific Group, later renamed TPG Capital, in San Francisco and Fort Worth. Currently, the group is one of the world’s leading private equity firms, successfully managing over $50 million worth of assets, with Coulter leading the San Francisco office and his partner, TPG President Bonderman, overseeing the Dallas headquarters. Also, just a year after TPG launched, the pair bought Continental Airlines for $66 million, making it one of the largest leveraged buyouts. This first deal brought them more than $640 million in profit. In addition, Coulter holds interests in other profitable companies including Oxford Health Plans, Burger King, Ducati Automobile Holdings, Petco, American West Airlines, Del Monte Foods, Seagate Technology, Gempus International, ON Semiconductor and J. Crew . The company’s latest deal is the $6 billion sale of Neiman Marcus, which it bought in 2005 for $5.1 billion. In addition, Kurt supports New Orleans Startup Week to increase business development in his wife Penny Saer’s hometown.