Introduction
Every day, we hear about new billionaires who have made their fortunes in various industries. One of these billionaires is Darwin Deason. He has made a name for himself as an entrepreneur and businessman. With a net worth that will make your jaw drop, he has achieved success beyond what many people could imagine. In this blog post, we will delve deeper into who Darwin Deason is, how he achieved his massive net worth, and his contributions to society.
Early Life and Education
Darwin Deason was born on April 18, 1940, in Rogers, Texas. He grew up in a small town and attended a local high school. After high school, he enrolled at East Texas State University (now Texas A&M University-Commerce), where he earned a degree in business administration.
Entrepreneurial Career
After completing his education, Darwin Deason entered the workforce. He started his career as a salesman in the office equipment industry. In 1984, he founded Affiliated Computer Services (ACS), a company that provided business process outsourcing services. Under Deason’s leadership, ACS became a huge success, and in 2010, it was acquired by Xerox for $6.4 billion.
Net Worth
Darwin Deason’s net worth is estimated to be around $1.3 billion. He made most of his wealth from the sale of ACS. After the sale, he invested his fortune in various industries and companies.
Philanthropy
Darwin Deason is well known for his philanthropy work. He has given generously to a variety of causes, including education, healthcare, and the arts. He donated $10 million to Texas Children’s Hospital in 2012 and $25 million to the University of Texas at Dallas in 2017.
Awards and Recognition
Throughout his career, Darwin Deason has received numerous awards and recognition. In 2006, he was inducted into the Texas Business Hall of Fame, and in 2017 he received the Horatio Alger Award, which is given to individuals who have succeeded through hard work and perseverance.
Personal Life
Darwin Deason is a private person and has kept his personal life out of the public eye. He is married and has three children.
Business Ventures
After the sale of ACS, Darwin Deason invested in various industries and companies. He founded a new company, Deason Capital Services, which invests in industries such as medical technology, oil and gas, and real estate.
Controversies
In 2018, Darwin Deason launched a legal battle against Xerox. He claimed that the company’s board had made a deal that undervalued Xerox and favored its joint venture with Fujifilm. The legal battle continued for months and resulted in a settlement in which Xerox agreed to terminate its joint venture with Fujifilm.
Conclusion
Darwin Deason is a successful entrepreneur, businessman, and philanthropist. With a net worth of $1.3 billion, he has made a significant impact on society through his donations and contributions to various industries. His legacy will continue to inspire future generations.
FAQs
Q1: What is Darwin Deason’s net worth?
A: Darwin Deason’s net worth is estimated to be around $1.3 billion.
Q2: What company did Darwin Deason found?
A: Darwin Deason founded Affiliated Computer Services (ACS).
Q3: What causes has Darwin Deason donated to?
A: Darwin Deason has donated to causes such as education, healthcare, and the arts.
Q4: What was Darwin Deason’s legal battle against Xerox about?
A: Darwin Deason claimed that Xerox’s board had undervalued the company and favored its joint venture with Fujifilm.
Q5: What is Deason Capital Services?
A: Deason Capital Services is a company founded by Darwin Deason that invests in industries such as medical technology, oil and gas, and real estate.