Marguerite Harbert
Encyclopedia
Marguerite Jones Harbert (born 1924) is an American from the U.S. state
of Birmingham
, Alabama
, with an estimated net worth
of $1.7 billion as of 2007. She inherited her wealth from her husband, the construction magnate and founder of Harbert Corporation John M. Harbert
, who died in 1995.
Harbert Corporation was one of the largest construction companies in the world with offices worldwide. The company's domestic construction arm was sold in the early 1990s to a division of Birmingham-based Raytheon Engineers & Constructors
. This was followed by the company selling its largest and most prominent division, its international construction arm Harbert International, to John's brother Bill L. Harbert
. The international construction division is now known as B.L. Harbert International
and is headquartered in Birmingham, Alabama.
Their son Raymond J. Harbert manages the family's money. He started Harbert Management Corporation
, an investment management firm, in 1993. The company has grown into a highly successful firm with over $20.3 billion under management with its headquarters in Birmingham, Alabama. The company also has offices in Richmond VA, New York City, Nashville TN, London, Warsaw, San Francisco, Melbourne, Paris, and Madrid.
The Marguerite Jones Harbert Building at Birmingham-Southern College
is named after her. http://www.bsc.edu/about/maps/buildings/harbert.htm
Her net worth is currently valued at $1.7 billion by Forbes.
Source: http://www.forbes.com/lists/2005/54/2I57.html
U.S. state
A U.S. state is any one of the 50 federated states of the United States of America that share sovereignty with the federal government. Because of this shared sovereignty, an American is a citizen both of the federal entity and of his or her state of domicile. Four states use the official title of...
of Birmingham
Birmingham, Alabama
Birmingham is the largest city in Alabama. The city is the county seat of Jefferson County. According to the 2010 United States Census, Birmingham had a population of 212,237. The Birmingham-Hoover Metropolitan Area, in estimate by the U.S...
, Alabama
Alabama
Alabama is a state located in the southeastern region of the United States. It is bordered by Tennessee to the north, Georgia to the east, Florida and the Gulf of Mexico to the south, and Mississippi to the west. Alabama ranks 30th in total land area and ranks second in the size of its inland...
, with an estimated net worth
Net worth
In business, net worth is the total assets minus total outside liabilities of an individual or a company. For a company, this is called shareholders' preference and may be referred to as book value. Net worth is stated as at a particular year in time...
of $1.7 billion as of 2007. She inherited her wealth from her husband, the construction magnate and founder of Harbert Corporation John M. Harbert
John M. Harbert
John Murdoch Harbert III was an American businessman. He is best known for building his international construction company, Harbert Corporation, into one of the worlds largest, along with creating a personal wealth of well over $1.7 billion...
, who died in 1995.
Harbert Corporation was one of the largest construction companies in the world with offices worldwide. The company's domestic construction arm was sold in the early 1990s to a division of Birmingham-based Raytheon Engineers & Constructors
Raytheon
Raytheon Company is a major American defense contractor and industrial corporation with core manufacturing concentrations in weapons and military and commercial electronics. It was previously involved in corporate and special-mission aircraft until early 2007...
. This was followed by the company selling its largest and most prominent division, its international construction arm Harbert International, to John's brother Bill L. Harbert
Bill L. Harbert
Bill Lebold Harbert, born on July 21, 1923 in Indianola, Mississippi, is the late businessman and founder of the international construction firm B.L. Harbert International. He was the brother of the late Birmingham, Alabama businessman John M. Harbert, who he help co-found Harbert Corporation. Bill...
. The international construction division is now known as B.L. Harbert International
B.L. Harbert International
B.L. Harbert International, LLC, based in Birmingham, Alabama, began construction operations in 2000 under the leadership of Billy L. Harbert. The company was originally founded as the Harbert International division of Harbert Corporation. B.L. Harbert has two main operating divisions, the U.S....
and is headquartered in Birmingham, Alabama.
Their son Raymond J. Harbert manages the family's money. He started Harbert Management Corporation
Harbert Management Corporation
Harbert Management Corporation, based in Birmingham, Alabama, is a U.S. investment management company founded in 1993 by Raymond J. Harbert.The company has investment funds in 12 alternative asset classes in three areas of concentration: real estate, private capital, and absolute return strategies....
, an investment management firm, in 1993. The company has grown into a highly successful firm with over $20.3 billion under management with its headquarters in Birmingham, Alabama. The company also has offices in Richmond VA, New York City, Nashville TN, London, Warsaw, San Francisco, Melbourne, Paris, and Madrid.
The Marguerite Jones Harbert Building at Birmingham-Southern College
Birmingham-Southern College
Birmingham–Southern College is a 4-year, private liberal arts college located three miles northwest of downtown Birmingham. Founded in 1856, it is affiliated with the United Methodist Church. Approximately 1400 students from 30 states and 23 foreign countries attend the college...
is named after her. http://www.bsc.edu/about/maps/buildings/harbert.htm
See also
- List of billionaires
Her net worth is currently valued at $1.7 billion by Forbes.
Source: http://www.forbes.com/lists/2005/54/2I57.html