Rank #883
Catherine Lozick
Net worth $3.9B
Valve manufacturing · United States
- Born
- May 01, 1945
- Age
- 81
- Source
- Valve manufacturing
- Residence
- Fort Lauderdale , Florida
- Citizenship
- United States
- Marital status
- Widowed
- Children
- 3
- Education
Net worth over time
Biography
- Catherine Lozick inherited an estimated 65% stake in Swagelok, a valve-making business her father, Fred Lennon, cofounded in 1947.
- Lennon (d. 1998) started Swagelock with a $500 loan; he first appeared on The Forbes 400 list of richest Americans in 1990.
- Lennon left his son, John Lennon, a much smaller inheritance ($25 million) than his daughter.
- John's son William sued Lozick and her trustees in 2002, exposing the details of the family's finances.
- Lozick settled the suit, agreeing to pay each of Lennon's grandchildren an additional $1.25 million.