American billionaire financier Thomas H. Lee, considered a pioneer of private equity investment and leveraged buyouts, died at the age of 78.
UNITED STATES - APRIL 29: Thomas Lee, president and chief executive officer of Thomas H. Lee Capital LLC, listens during the Milken Institute Global Conference 2008 in Los Angeles, California, U.S., on Tuesday, April 29, 2008. The annual conference brings together scientists, business executives, philanthropists, journalists, academics and Nobel laureates to discuss today's most pressing social, political and economic challenges, according to the Institute's Web site.
According to the Post, he was found after police responded to an emergency-911 call around 11:10 a.m. Police gave no further details, and said the city medical examiner's office would determine the cause and manner of death."The family is extremely saddened by Tom's death," Lee's family said in a statement. "Our hearts are broken. We ask that our privacy be respected and that we be allowed to grieve."
Over the past 46 years, Lee was responsible for investing more than $15 billion of capital in hundreds of transactions, including the acquisition and subsequent sales of such brand names as Snapple Beverages and Warner Music.
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