He now owns more than 80% of Comstock, a stake worth about $650 million. Tito bounced that idea around in his head for a few days. Select this result to view Bert T Beveridge II's phone number, address, and . people. Vodka is the most competitive part of the liquor market, accounting for nearly a third of the United States' distilled spirits consumption. 2023 Forbes Media LLC. While watching late-night television one night, he encountered a motivational speaker who struck a chord with some trite advice: Find the intersection of what you love to do and what youre good at.. A native Texan and entrepreneur, he attended The University of Texas at Austin, where he earned degrees in Geology and Geophysics, with a minor in Math. Bass has given mostly to education, including $55 million to Stanford, $60 million to Duke and at least $33 million to Yale. Tito's Handmade Vodka got some positive reviews in those early days from critics. Next came a stint in the mortgage trade in the early 1990s. It now has $7.4 billion in assets. Another highlight: The Bass Brothers. 1. Austin. It was the early 1990s and Tito was at a crossroads. Before this summers $160 million gift to renovate the Yales Peabody Museum, Bass had already given more than $100 million to the university. The man behind this Texas Hill . And that was up against 72 vodkas around the world including flavored vodkas. During the oil downturn, he acquired passive royalty interests in oil field Permian Basin. Rather than leaning into feelings of looming dread, grab your trusty pen and your to-do list and put recession and contingency planning right at the top. But as the company has gone global and its annual revenue has grown to $2.5 billion, he has transformed the company's giving approach. The Van Gogh, 1889, Enclosed Field With Ploughman went for $81.3 million. They are on a roll, having recently dished Richardson Carbon Black to Tokai Carbon for $300 million, auctioned their parents' art collection at Christies for $165 million and trading their oilfields in west Texas and New Mexico to ExxonMobil for $6 billion in stock. Bert Butler Beveridge II, also known as Tito, was born in San Antonio, Texas in 1961. I basically just kinda kept working at it and working at it. So he turned to private funding and again had no luck. Discover how our Uncovering Our Shared Memories: An Introduction to the Community Standards at AncientFaces In South Carolina, he and Robert McNair run a golf club that helps kids who aspire to play golf in college but lack the means to do so. In April, Bacardi acquired the rest of DeJorias Patrn Spirits in a deal that valued the tequila maker at an enterprise value of $5.1 billion. He attended the University of Texas at Austin and majored in geology and geophysics. Bert Beveridge was born on month day 1904, at birth place, to Harry Allan Beveridge and Margaret Beveridge. While in college, Beveridge was a good time guy racking up arrests for a DUI, assault, and exposure by the time he graduated in 1984. That didn't stop Tito. He continued to acquire 19 banks in 18 years. at #452. Tito's, which Forbes calls "one of the fastest growing spirits brands in America," sold 63 million bottles of vodka in 2017. Bert married Mary Ann Beveridge circa 1924, at age 19 at marriage place. He was a one-man operation. After a few years in South America, Tito returned to Texas and settled in a town near Houston called Alvin, Texas. Chop chopThis vegetable chopper comes with multiple attachments for different functions like lemon squeezing or egg-slicing, can easily dice most vegetables, and is easy to clean and use. When we share what we know, together we discover more. Alexander returns to the ranks after 11 years as he sold his Houston Rockets NBA team to Tilman Fertitta for $2.2 billion last fall. He was wondering what made him happy and what he was going to do with the rest of his life. Sure, he still has oil and gas in Texas, but Hunt likes to go after big game, and has invested in LNG export terminals in Peru and Yemen and oil drilling in the Kurdish region of Iraq. Must Read: Little Black Book Of Billionaire Secrets, Bert Tito Beveridge stands with a homemade still. Tito's Handmade Vodka is distilled and bottled by Fifth Generation Inc. in Austin, Texas on the very same land . He also led a $1.9 billion deal in April to fund Du Xiaoman, the fintech spinoff of Chinese internet giant Baidu, alongside other investors such as Carlyle. Through his Wildcat Foundation, Bonderman has donated tens of millions to support wildlife conservation. His private equity firm Vista Equity Partners focuses exclusively on software deals, an area that not too long ago was shunned by private equity. that occurred during Bert's lifetime. He snatched up another $800 million when Dell bought Perot Systems in 2009. The O-ring failure was due to the unusually cold conditions at Cape Canaveral. Max Carter at Christies called the collection eclectic but of top quality. She also sits on the board of the Walton Family Foundation, which disbursed $536 million in 2017, mainly to educational and environmental causes, and to projects in the Ozarks. They have also lived in San Antonio, TX and Alvin, TX. Hunt also chairs Hunt Consolidated, where son Hunter serves as co-CEO and helped diversify the company into electric power with publicly traded high-voltage line operator InfraREIT. Click here to read the latest on our partnership with the Human Service forum. First he spent time visiting bourbon distilleries and watching their process. We collect and match historical records that Ancestry users have contributed to their family trees to create each person's profile. Along the way, Tito started making small batches of habanero flavored vodka for his friends. Senator and a Congressman, both from the state of Massachusetts, as well as a Naval lieutenant in World War II. I just have a lot more stills.'. The liquor industry is lined with thousands of formerly upstart vodka brands that have gone out of business. Research genealogy for Bert Beveridge of Donibristle, Fife, Scotland, as well as other members of the Beveridge family, on Ancestry. But on a recent humid morning, Beveridge, 54, is not. With little cash to his name, he borrowed nearly $90,000 on 19 credit cards to get started. Its now called Klyde Warren Park, after his son. Once called a Texas-bred cross between Prince Charles and Lorenzo de Medici.. Bass is the Renaissance man among his brothers and was once the money behind Biosphere 2. Tito Beveridge's net worth of It is estimated that over 10.8 million gallons of crude oil spilled into the Sound - killing 100,000 to 250,000 seabirds, over 2,800 sea otters, about 12 river otters, 300 harbor seals, 247 bald eagles, and 22 orcas - as well as an unknown number of salmon and herring. The banks turned him down. He had previously been a U.S. He grew up in San Antonio, where he played polo and had aspirations of training horses for a living. And then just kinda started cooking in that and just trial and errord. Tito still works the distillery every day, testing batches of vodka and managing the business. Our mission is to preserve and enhance the quality of life by embracing and perpetuating Frank Stanley Beveridge's philanthropic vision, through grant making incentives in support of programs in youth development, health, education, religion, art, and environment, primarily in Hampden and Hampshire counties, Massachusetts. A multi-billion-dollar " small batch " brand, Tito's has grown to become the best-selling vodka and distilled spirit in the country. He is a generous donor to his alma maters, Baylor and Michigan State, both of which have built stadiums that bear his name. The business got its first big break after winning the 2001 World Spirits Competition in San Francisco against 72 vodkas from around the world. Photos, memories, family stories & discoveries are unique to you, and only you can control. In December, McLane became chairman of Texas Central, a company that aims to build a high speed train connecting Dallas and Houston. He and his wife, Janice, donate more than $20 million each year to their foundation dedicated to education. Jones swapped place with Richard Kinder (No. The Bellagio became one of Tito Beveridge's first and most important accounts. Those brands are owned by huge conglomerations with unlimited checkbooks. The TABC was true to their word and gave him the first license to distill alcohol in Texas. Les Alexander returns to the list after selling the Houston Rockets to Tilman Fertitta for $2.2 billion. Eventually, Bert realized he had had enough of the oil business for good and became a mortgage broker. Share highlights of Bert's life. I got into the oil and gas business and did that in Texas and then down in Venezuela and Colombia and ran heli-portable dynamite seismic crews down there and came back and started a drilling company in Houston, got tired of chasing the buck and decided to move back to Austin, TX. Debuting on The Forbes 400 in 2006, he dropped off a year later when student loans securitizer First Marblehead tanked. So Beveridge moved to open his own distillery, but the Texas authorities denied him a permit. I went to Vanderbilt for a year then to UT, University of Texas at Austin. In his four decades at Waffle House he used all he learned to embody the companys ethos of leadership development from the ground up. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Submit a correction suggestion and help us fix it! She went to Amherst then back to Korea where she worked at Daesung Industrial in Seoul. Bass also chairs the Sid Richardson Foundation (started by his uncle), with assets of more than $500 million. and each individual billionaire profile contains a detailed analysis of how that person's fortune is tallied. I graduated with degrees in geology and geophysics. It was an immediate hit with theatergoers. What is Bert's ethnicity and where did his parents, grandparents & great-grandparents come from? And then at one point wed gotten a phone call to come to the World Spirits Competition and I was fixing a boiler so I just sent a couple bottles there and we ended up getting the double gold medal, the unanimous judges choice. He and his wife oversee theLaura & John Arnold Foundation. In the early 1990s, Beveridge enjoyed infusing flavored vodka in his spare time, creating much-loved batches for friends. If all goes well, it could pump 60,000 barrels a day by 2022. All this from a former oil rig roughneck who started off infusing store bought vodkas with flavors for his friends. Davis owns 5% of natural gas distributor and pipeline company Energy Transfer, which he cofounded in 1995 with fellow billionaire Kelcy Warren. Top Result for Bert Beveridge. Bert Beveridge is currently associated with thirty-four companies, according to public records. Visit the Eligibility Section to see if your organization might qualify for a grant. Bert Beveridge, the founder of Titos Handmade Vodka, isappropriately named for a spirits entrepreneur. It will likely sell about 58 million bottles this year, according to research firm Beverage Marketing Corporation. When he finished, Tito realized three things: Tito's Handmade Vodka was born in the middle of the night in a moment of drunken inspiration encouraged by an infomercial. With a name like Bert Beveridge, the founder of Titos Handmade Vodka was destined to strike it big in the spirits business. He cofounded the company in 1997. Visit the Eligibility Section to see if your organization might qualify for a grant. He didn't have any luck with private financing either. The Rees-Jones Foundation has paid out more than $300 million in grants and has remaining assets of $520 million. I did ground water geology here and got in the mortgage business and it was when I was in the mortgage business that I started making flavored vodka for my friends for Christmas presents. It was 1993 and Texas didn't have a single distillery in the state. After graduation he began a career in the oil and gas industry, which took him from Texas to Venezuela and Colombia. The 55-year-old Texan, whose nickname is Tito, hasearned a fortune withhis eponymous vodka. In Austin the Omni Barton Creek will close for a year starting May 2019 for a $150 million makeover. Who were the people in Bert's life? Jeff Bezos still No. Bert "Tito" Beveridge was born in San Antonio, Texas. Welcome to AncientFaces, a com "Thank you for helping me find my family & friends again so many years after I lost them. Bert's immediate relatives including parents, siblings, partnerships and children in the Beveridge family tree. When Beveridge went to the Texas Alcoholic Beverage Commission (TABC) to apply for a license, he was turned away. While he was in South America, Beveridge found himself with a lot of time on his hands, so he picked wild fruits, fermented them, and concocted something that resembled wine. He began his professional life as a Geophysicist. Valuations are In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, He sold his first case of vodka in 1997. Thanks a whole bunch, I try to make it good. Across the street he also sells Bentleys and Bugattis. Hunt. Friends can be as close as family. This year Hildebrand stepped down from the CEO role even as his Hilcorp solidified its position as the biggest privately owned oil and gas company in America, with $4.5 billion of acquisitions in old natural gas fields and pipelines in the Four Corners region of New Mexico. He was turned down again and again. In Alaska, Hilcorp plans to build a gravel island off the North Slope in the Beaufort Sea to develop the Liberty field. We dont have a special executive compensation plan. 1. Smart man. Also owns Chub Cay island and resort in the Bahamas. Tito's Handmade Vodka was born in the middle of the night out of drunken inspiration encouraged by an infomercial. In 1989, on March 24th, the Exxon Valdez, an oil tanker, struck a reef in Alaska's Prince William Sound and oil began spilling out of the hold. The pipeline giant announced in July a plan to build an offshore terminal in the Gulf of Mexico to accommodate bigger ships for exporting crude oil to Europe and Asia. En route from New York to London it will do Mach 1.4 and get you there in 3.5 hours. Liemandt also founded Trilogy Software, a product and sales configuration software company that was prominent in the 1990s. While studying at Cornell, Smith secured an internship at Bell Labs after calling every week for five months. 2001-2022 The Beveridge Family Foundation, Inc. All Rights Reserved. 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