Catherine Lozick
$3.9B
Born
May 01, 1945
Age
80
Source of Wealth
Valve manufacturing
Residence
Fort Lauderdale , Florida
Citizenship
United States
Marital Status
Widowed
Children
3
Education
- 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.
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