Net worth is the amount by which assets exceed liabilities. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. a 7,800-square-foot building to service and sell his used trucks. Four-time NBA All-Star who was selected first overall in the 1975 NBA Draft. On average, they expect VYNE Therapeutics' stock price to reach $6.50 in the next twelve months. He is estimated to have a net worth of $1 million in 2023, with a salary of the same amount. Total Liabilities = $55.9 Bn + $32.7 Bn + $10.3 Bn + $12.0 Bn + $102.5 Bn + $45.2 Bn. If the liabilities are greater than assets, it implies a negative net worth. In the past decade, Thompson was joined by his three sons, who have become owners. SOURCE Horatio Alger Association of Distinguished Americans, Inc. Plus500. He is currently [when?] Net Worth in 2023: $16 million. From a single operator, TEC Equipment, Inc., has grown to one of Oregon's largest private employers and the West's premier leading truck and trailer dealership group. Mr. Thompson wasjust15 years old when he lost his father. Vice President - Trailers and Medium Duty, Vice President, Operations Southern California (Interim). DETAILS BELOW David Thompson (born July 13, 1954) is famous for being basketball player. In 2008, he became the chairman of the merged entity, Thomson Reuters. David O. has 1 job listed on their profile. CONTACT . Our expansion from a single used truck center in Portland, Oregon to 30+ truck and trailer dealerships in over 20 cities across Washington, Oregon, Nevada, California, Arizona, Nebraska, Iowa and South Dakota is a tribute to this. The median net worth for the 35-44 group, $91,300, is still more than 16% below the pre-Recession median net worth of $109,430 in 2007. Here's a list of some of the top trending technologies and APIs used by TEC Equipment. He has also taken a car loan of $10,000. 2013 Recognized by Successful Dealer Magazine as Truck Dealer of the Year. Horatio Alger Members are part of a select group of individuals who have experienced a wide spectrum of what life can offer. Learn more about David Thompson, Tec Equipment, Inc including contact information, career history, news and intelligence. We have estimated David Thompson's net worth , money, salary, income, and assets. Together, TEC Equipment, Volvo, Mack, and Wabash have made significant inroads in growing market share in the western United States. Recruitment Collateral.TEC Equipment, Inc. matches 60% of your first $4,000 As of today, we have now hired 146 new employeesin contributions each year - if you took full advantage of through the TEC JOB CENTER since our April 11thTEC's 401k Plan match that would be an additional $2,400 launch!per year. The majority of MikroTik routers have a default username of admin, a default password will be labled at the bottom of your router, and the default IP address of 192.168. 2020 Opened a Volvo and Wabash dealership in Dixon, CA. 99 Canal Center Plaza, Suite 320 2011 Opened a leasing and parts center in Tacoma, WA. He built his business repairing and selling used trucks on a few simple ideas: teamwork, entrepreneurship and being customer-driven. Alexandria, VA 22314. Mr. Thompson changed his businesss name to TEC Equipment, Inc. in 1983, and through his leadership over the next several decades, it has become one of the top three dealers of new and used trucks and trailers in the country. Since the scholarship program was established in 1984, the Horatio Alger Association has provided more than $180 million to 27,000 students in need, all of which has been funded solely through the generosity of Association Members and friends. 2006 Expanded to Nevada, acquiring the Volvo and Mack franchises for Reno. In addition to new and used truck and trailer sales, parts, and service, our dealerships provide truck leasing and rental, financing, insurance, and auto transport equipment sales and service. David discovered his talents for acting in middle school when he was recommended to audition for a play. It was a three-year $4 million deal, which is the equivalent of $15 million in today's dollars. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. Full Profile. Through the generosity of its Members and friends, in 2019, the Association awarded more than $21 million in undergraduate and graduate need-based scholarships to 2,500 students across the United States and Canada, and provided college support and mentoring services to its Scholars. David A. Thompson founded TEC Equipment in 1976. For more information, please visit www.horatioalger.org. He currently resides in Shelby, North Carolina, USA. Mr.Thompson and the Member Class of 2022 will be formally inducted into the Association on April 7-9, 2022, during the Associations 75thHoratio Alger Award Induction Ceremonies in Washington, D.C. TEC Equipment Expands to Three Midwestern States, Meet Julie Sandoval, Parts Manager Extraordinaire. student programs at Portland State University. As of February 2023, David Thomson's net worth is estimated to be roughly $50 Billion. Home. Following his honorable discharge from the Army, Mr. Thompson returned to work at Midwest Coast Transport, Inc. as a sales representative, and was transferred to Portland, Oregon. Through tremendous hard work and the support of many, weve been fortunate to see a phenomenal return, Thompson said. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. steve thompson bethel . Your wish might as well come true. Soon after, he had an opportunity to join Market Transport, a trucking company owned by Peter Stott, a Horatio Alger Association member from the class of 2014. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". KEY POINTS. David Thompson's income source is mostly from being a successful Player. He worked through his entire bag which was fun. He built his business repairing and selling used trucks on a few simple ideas: teamwork, entrepreneurship and being customer-driven. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Their proposition centered around the company and family mission for growth and their capacity to shoulder additional responsibility. from 8 AM - 9 PM ET. For more than 70 years, the Horatio Alger Award has been annually bestowed upon esteemed individuals who have succeeded despite facing adversities, and who have remained committed to higher education and charitable efforts in their communities. Actor: Win Win. As of 2022, David Thompson's net worth is $1 million. Industry: Vehicle Dealers. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. SOURCE Horatio Alger Association of Distinguished Americans, Inc. Cision Distribution 888-776-0942 During those early days in Portland, Oregon, TEC Equipment was known as Thompson Equipment Company and its business was buying and selling used trucks and trailers. The Association administers more than 70 undergraduate and graduate need-based scholarship programs. He was the NBA All-Star Game MVP and a four time All-Star and was two time All-NBA First Team. The annual three-day event honors the achievements of both Members and National Scholars, affording both groups the opportunity to meet and interact as well as exchange stories of hardships and triumphs. All rights reserved. #26 David Thomson & family on the 2022 Billionaires - David Thomson and his family control a media and publishing empire founded by his grandfather Roy . Thank you for subscribing to the Business Matters Newsletter. We provide convenient access to multiple locations, premium products, parts and service. Today, with 25 facilities in 21 cities, TEC Equipment owns all the Volvo & Mack Truck franchises in Oregon, Washington, Nevada and California (except Sacramento), making TEC the largest multi-point Volvo, Mack, and GMC Truck dealership group in the United States, and 5th largest of all U.S. truck dealers. Today, with 25 facilities in 21 cities, TEC Equipment owns all the Volvo & Mack Truck franchises in Oregon, Washington, Nevada and . He has been a member of the Oregon State University Foundation Board of Trustees since 2013, and is an Emeritus Trustee of the Meridian Park Medical Foundation's Board and a 2018 recipient of its Pillar of Excellence Award. Through an economy collapse in 1981 and impending company foreclosure, Mr. Thompson prevailed and purchased a repossessed fleet of 102 trucks, which he resold for a profit to save Thompson Equipment Company. 2002 Continued to grow at a robust pace with the addition of the Volvo and GMC Los Angeles franchises and a used truck center in San Bernardino, CA. 750 NE Columbia Blvd, Portland, Oregon, 97211, United States. Following his honorable discharge from the Army, Mr. Thompson returned to work at Midwest Coast Transport, Inc. as a sales representative, and was transferred to Portland, Oregon. Chris joined TEC officially in 2012 after earning a degree in Business Administration from Oregon State University. The annual three-day event honors the achievements of both Members and National Scholars, affording both groups the opportunity to meet and interact as well as exchange stories of hardships and triumphs. About the author David I. Bainbridge is Emeritus Professor of Business Law at Aston Business School, Aston University and an honorary member of Hardwicke Building, Lincoln's Inn. Thanks to the generosity of its Members, the Association awards need-based scholarships to outstanding high school students who are committed to pursuing higher education and giving back to their communities. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. $1 Million - $5 Million. David and Patricia Thompson combined net worth is estimated to be around $10 million USD. He won the NCAA championship in 1974 and was named NCAA Final Four Most Outstanding Player. A people-person to his core, Chris was drawn to sales roles from the start, exploring used truck purchasing, new truck sales and now serving as regional sales manager. Enter the email address you signed up with and we'll email you a reset link. For more information about TEC Equipment, visit theirwebsite. Carly Buggy In addition to his professional success, he is a pillar in his community, providingthose in needwith lifechangingopportunitiesthrough hisphilanthropic effortsand generouscontributions. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. David A. Thompson founded TEC Equipment in 1976. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. Horatio Alger Association names 14 outstanding individuals, each of whom has overcome adversity to achieve professional and personal success, to its Member Class of 2020. Long Dress made out of Managalagiri saree. William joined TEC in 2014 after earning a degree in Business Administration from Oregon State University and a degree in Supply Chain Management from Lund University in Lund, Sweden. Following his honorable discharge from the Army, Mr. Thompson returned to work at Midwest Coast Transport, Inc. as a sales representative, and was transferred to Portland, Oregon. David Thompson started buying and selling used trucks out of a small building in Portland in 1976. Dallax, TX (Aug. 22, 2013) -Mack Trucks dealer TEC Equipment, Inc. won the Successful Dealer Award for exceptional sales and service as well as excellence in community and civic engagement. Net worth is a concept applicable to individuals and businesses as a key measure of how much an entity is worth. For more information, please visit www.horatioalger.org. Copper Cable Tester. A positive net worth indicates your assets outweigh your liabilities, meaning you're on track to building wealth. Salary in 2022. 1990 Acquired first franchise, a factory-owned Mack dealership in Portland, OR. 2751 SW Jefferson Way Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Through an economy collapse in 1981 and impending company foreclosure, Mr. Thompson prevailed and purchased a repossessed fleet of 102 trucks, which he resold for a profit to save Thompson Equipment Company. Horatio Alger Association of Distinguished Americans, Inc. , a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, today announced that. Since 1984, the Association has awarded more than $235 million in undergraduate, graduate, military veteran and career and technical education scholarships to more than 35,000 deserving students. His work experience at TEC has focused on the fixed operations side, centering on the logistics side of the business before moving into his current role as leasing PMO lead. PADI Discover Tec; PADI Tec 40; PADI Tec 45; PADI TEC 50; Pro; Contact Us; Calendar; Store; February 27, 2023 By palmetto state law enforcement officers association. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars., Thanks to the generosity of its Members, the Association awards need-based scholarships to outstanding high school students who are committed to pursuing higher education and giving back to their communities. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. In this third program of the Family Business Study Group Series, we heard from David Thompson, CEO of TEC Equipment, Inc., and each of his sons about how his focused strategy has yielded over 30 years of profitability, market share growth, and financial stability and the planning that has supported this growth. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. For more than 70 years, the Horatio Alger Award has been annually bestowed upon esteemed individuals who have succeeded despite facing adversities, and who have remained committed to higher education and charitable efforts in their communities. What would be his net worth at this juncture? For more information about Horatio Alger Association and its Member Class of 2020, please visit www.horatioalger.organdfollow the organization on Facebook, Twitter and Instagram. Chris plays a key role in growing Mack and Volvo sales throughout Oregon and Washington while also shaping the future of TEC. Welcome visitor you can state of oregon mileage reimbursement rate 2021 A few school productions and original local theater pieces later, David began to audition for student films in New York. a UEFA A and B licensed coach working towards his professional licence. Welcome visitor you can state of oregon mileage reimbursement rate 2021 Through the generosity of its Members and friends, in 2019, the Association awarded more than $21 million in undergraduate and graduate need-based scholarships to 2,500 students across the United States and Canada, and provided college support and mentoring services to its Scholars. Over the next 20 years, TEC expanded across Oregon and California and into Washington, Nevada and Arizona. In 1997 TEC expanded into California with the purchase of a used truck center in Fontana. For more information about Horatio Alger Association and its Member Class of 2022, please visit, Founded in 1947, the Horatio Alger Association of Distinguished Americans, Inc. is dedicated to the simple but powerful belief that hard work, honesty and determination can conquer all obstacles. David O took an interest in the family business from a young age, working in a variety of roles around the dealerships as a teenager until he joined the company full-time in 2010. Newcastle United are reportedly targeting the signing of FC Barcelona winger Raphinha this summer, as part of a 300 million ($319 million) spending spree. Mr. Thompson changed his businesss name to TEC Equipment, Inc. in 1983, and through his leadership over the next several decades, it has become one of the top three dealers of new and used trucks and trailers in the country. David Thompson is the Founder & Chief Executive Officer at TEC Equipment based in Portland, Oregon. The safe play was to pass, Thompson recalled. Sign up for our newsletter for updates on new parts specials, job offers, and more. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. Horatio Alger Association of Distinguished Americans, Inc. Frederic B. Luddy, Founder of ServiceNow, to Receive 2023 Horatio Alger Award, Michele Y. Kang, Owner of the Washington Spirit, Founder and CEO of Cognosante, to Receive 2023 Horatio Alger Award. Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest people. 2022 Acquired two leasing locations in Seattle, WA and Kent, WA. Founder & Chief Executive Officer at TEC Equipment . * Since its founding, TEC has remained a family-owned business. Email us, Copyright 2021 Oregon State University Disclaimer. Today, David is joined by his three sons, David O., Chris, and William. A negative net worth suggests there are parts of your financial life you. For more information about TEC Equipment, please visit www.tecequipment.com. And the portfolio of investments is $50,000. Since the scholarship program was established in 1984, the Horatio Alger Association has provided more than $180 million to 27,000 students in need, all of which has been funded solely through the generosity of Association Members and friends. We welcome all corrections and feedback using the button below. Mr. Thompson changed his business's name to TEC Equipment, Inc. in 1983, and through his leadership over the next several decades, it has become one of the top three dealers of new and used trucks and trailers in the country. For more information about Horatio Alger Association and its Member Class of 2022, please visit www.horatioalger.organdfollow the organization onFacebook,TwitterandInstagram. A California parole board voted to release Sirhan from his life sentence two years ago, but Gov. WASHINGTON, D.C. Horatio Alger Association of Distinguished Americans, Inc., a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, today announced thatDavid A. Thompson,president and CEO ofTEC Equipment, Inc.,has been selected for membership in this prestigious organization. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. Phone: 541-737-2551 Soon after, he had an opportunity to join Market Transport, a trucking company owned by Peter Stott, a Horatio Alger Association member from the class of 2014. 1983 Transitioned to TEC Equipment, Inc. 1990 Acquired first franchise . TEC Equipment is a Motor Vehicles, Transportation, and Retail company located in Portland, Oregon with $274.00 Million in revenue and 516 employees. Prior results do not guarantee a similar outcome. Soon after, he had an opportunity to join Market Transport, a trucking company owned by Peter Stott, a Horatio Alger Association member from the class of 2014. 2016 Added Wabash Trailer franchise dealership in Phoenix, AZ. 2002 - 2023 THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. All Rights Reserved. For more than 70 years, the Horatio Alger Award has been annually bestowed upon esteemed individuals who have succeeded despite facing adversities, and who have remained committed to higher education and charitable efforts in their communities. Thanks to the generosity of its Members, the Association awards need-based scholarships to outstanding high school students who are committed to pursuing higher education and giving back to their communities. SOURCE Horatio Alger Association of Distinguished Americans, Inc. 2023 Benzinga.com. Experience everything from fine dining and historic restaurants to local cafes and neighborhood eateries. The story illustrates why TEC Equipment was chosen as the winner for Generational Development in the 2021 Excellence in Family Business Awards. Today he oversees TECs full-service real estate development division, leading design and construction through to full occupancy, developing functional, comfortable spaces for TEC. Mr. Thompson and the Member Class of 2020 will be formally inducted into the Association on April 2-4, 2020, during the Association's 73rdHoratio Alger Award Induction Ceremonies in Washington, D.C. This sparked his interest in the automotive industry, and a year later, he became a junior mechanic at a Chevrolet dealership and got a job as a truck driver. Oregon business David Thomson and his family control a media and publishing empire founded by his grandfather Roy Thomson. Soon after, he had an opportunity to join Market Transport, a trucking company owned by Peter Stott, a Horatio Alger Association member from the class of 2014. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. Sep 1976 - Present46 years 6 months. David Thomson (Source: SaltWire) He is delighted to be a member of the Christian community. Theres no partners in the business except myself and my three sons, the elder Thompson said. He and his wife Ann established a major annual scholarship program at Oregon State University, providing two four-year scholarships that include coverage for tuition, room, board and senior-year study abroad for students in need. She is best known for her character as Lorraine Baines in the comedy film series Back to the Future trilogy. "In addition to his professional success, he is a pillar in his community, providing those in need with life-changing opportunities through his philanthropic efforts and generous contributions. David Thompson started buying and selling used trucks out of a small building in Portland in 1976. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". Similar to characters in stories by Horatio Alger, Jr., they traditionally have started life in humble or economically challenging circumstances. Previously, David was the Remote Vfx Composito r at Ratchet Digital and also held positions at Henningsen Cold Storage Co., Take 5 Productions, Technicolor, Dufferin Gate Productions, Invisible . A flight, dinner, drinks and handshakes later, the deal was complete, the first business venture where all generational parties were full participants. David Thompson's legacy includes not only his Travels, generally recognized as a classic narrative of exploration, but also his meticulous field and survey notebooks, sheets of watercolors, letters describing the state of the interior during the period of contact, and maps of western North America. David Thomson has a net worth of $5.09 billion. The TEC Oakland site was purchased by TEC in 2005. The TTB's goal is to ensure you're legally qualified to operate your distillery and that you'll do it safely and fairly. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. "In addition to his professional success, he is a pillar in his community, providing those in need with life-changing opportunities through his philanthropic efforts and generous contributions. "David Thompson faced adversity from a young age, but persevered to build his company to become one of the largest heavy-duty truck and trailer dealerships in the country," said Terrence J. Giroux, executive director, Horatio Alger Association. Description: TEC Equipment was founded in 1976 by David Thompson. TEC Equipment Jun 2010 - May 2013 3 years. 2022 Acquired the Volvo franchise rights in Omaha and Lexington, NE; Sioux City, IA; and Sioux Falls, SD. In order to ease his familys financial burden, This sparked his interest in the automotive industry, , and a year later, he became a junior mechanic at a Chevrolet dealership, After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and. David W. Thompson. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. *All monies raised between 20 February and 5 March 2023 will be split equally amongst the three charities. TEC Equipment, headquartered in Portland, Oregon, and founded in 1976, is a retailer and maintenance service company for new and preowned Mack and Volvo brand heavy-duty trucks, medium-duty trucks, trailers, and auto transport vehicles. It was always important to David that his children played an integral role in shaping the future of TEC. Thomson has a diverse art portfolio reported to include pieces from Pablo Picasso and the world's top collection of English romantic painter John Constable. 1976 David Thompson founded Thompson Equipment Company. The Association honors the achievements of outstanding leaders who have accomplished remarkable successes in spite of adversity by bestowing upon them the Horatio Alger Award and inducting them as lifetime Members. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. In calculating net worth, Bloomberg . The second generation sons David O., Chris and William lobbied for a chance to model the savvy and drive they had seen throughout their upbringing. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. About Horatio Alger Association of Distinguished Americans: Founded in 1947, the Horatio Alger Association of Distinguished Americans, Inc. is dedicated to the simple but powerful belief that hard work, honesty and determination can conquer all obstacles. Two years later. The car he owns is about $20,000. Mr.Thompson joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. The Thompson sons serve in distinct, complementary roles across many business facets. Fax: 541-737-4890, Phone: 541-737-2551 Interest in the skilful, highly technical Spanish midfielder will only increase after a surge in form. , In addition to his professional success, h, e is a pillar in his community, providing, providing those in need with valuable opportunities and support, established a major annual scholarship program. He also worships the God and participates in all festivals. He pledged $5 million to Legacy Health for the construction of, Oregon Harbor of Hope and the Oregon Food Bank, Oregon State University Foundation Board of Trustees, dian Park Medical Foundations Board and a 2018 recipient of, Because it is not just a scholarship it comes with a, them. 2019 Opened the largest truck dealership in North America, with a 174,000 sq ft. state of the art facility in Fontana, CA., with capacity to service over 100 trucks and 2 acres of parts warehouse. Megawide is building a $300 million data center in Cavite, south of the Philippine capital of Manila, as the construction company pivots to the digital space. Answer (1 of 14): It depends on why the name changed and whether you're trying to make a point about it. I imagine that business will continue that way for generations to come., Number of generations to work in the family business: 2, Number of family members working in the business: 4, Last family vacation destination: Palm Springs, Favorite restaurant for family dinner: RingSide Steakhouse, Name and firm of most helpful family business professional that you would recommend to other family businesses: Pat Green, attorney, Best business decision: Buying property versus leasing, alumni awards For a play the God and participates in all festivals his community, providingthose in needwith lifechangingopportunitiesthrough effortsand. In 2023, David O., chris, and William their capacity to shoulder responsibility! 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