Rank #2053
Nicholas Howley
Net worth $2.0B
Aerospace · United States
- Born
- Mar 12, 1962
- Age
- 64
- Source
- Aerospace
- Residence
- Key West, Florida
- Citizenship
- United States
- Marital status
- Children
- 0
- Education
Net worth over time
Biography
- W. Nicholas Howley cofounded TransDigm through a 1993 leveraged buyout in which he acquired four struggling aerospace units from his employer, IMO Industries. He is currently its chairman.
- The Cleveland-based aerospace parts manufacturer has grown into an $8.8 billion (sales) company through acquisitions of small companies that are the sole makers of particular components.
- Howley has twice been called to testify before Congress over allegations the company has overcharged the Pentagon for spare parts.
- He is also chairman of Perimeter Solutions, a chemical manufacturing company.
- His family foundation has provided scholarships to hundreds of low-income students, primarily to attend Catholic high schools in Cleveland and Philadelphia.
Financial assets
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