Rank #1543
George Joseph
Net worth $2.8B
Insurance · United States
- Born
- Sep 11, 1921
- Age
- 104
- Source
- Insurance
- Residence
- Los Angeles, California
- Citizenship
- United States
- Marital status
- Married
- Children
- 5
- Education
- Bachelor of Arts/Science, Harvard University
Net worth over time
Biography
- George Joseph is the founder of Mercury General, an insurance provider with $5.5 billion in annual revenues.
- After raising $2 million in capital, he started Mercury General in 1962 and offered cut-rate deals to safer-than-average drivers.
- He owns 35% of the publicly traded insurance firm, which offers automotive, home and fire insurance.
- Raised amidst the Great Depression, Joseph was a flight navigator during World War II.
- He graduated from Harvard with majors in math and physics in 1949.
- Joseph named the company after the Roman god Mercury, because he wanted the company to be nimble in business ventures.
- Joseph is America's oldest billionaire.
Financial assets
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