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. A negative net worth suggests there are parts of your financial life you. In 1997 TEC expanded into California with the purchase of a used truck center in Fontana. 1976 David Thompson founded Thompson Equipment Company. David Thomson has a net worth of $5.09 billion. In 2020, he was listed as the wealthiest person in Canada. For more information, please visit www.horatioalger.org. 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. He was previously a star in college for North Carolina State, leading the Wolfpack to its first NCAA championship in 1974. 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 "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. 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. David A. Thompson, President and CEO of TEC Equipment, Inc., to Receive 2022 Horatio Alger Award . 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. He signed with the Denver Nuggets and played from 1975 to 1982 before playing for the Seattle SuperSonics from 1982 to 1984. A few school productions and original local theater pieces later, David began to audition for student films in New York. as a truck driver for Midwest Coast Transport, Inc. completion of his bachelors degree in business, Mr. Thompson served in the U.S. Army, where he was assigned to the Armys Provost Marshalls Office inVietnam, andserved one and a half tours as a criminal investigator. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. 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. Thomson is the co-chairman of Woodbridge, the . "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. 1999 Acquired the Mack Los Angeles, CA franchise. May 4, 2022. Net Worth in 2022. During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. He is estimated to have a net worth of $1 million in 2023, with a salary of the same amount. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, andcontinued to workas a truck driver for Midwest Coast Transport, Inc. 2014 Acquired Wabash Trailer franchises in Portland, OR and Fontana and Sacramento, CA. 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. Hehas been amember of theOregon State University Foundation Board of Trusteessince2013,andis an Emeritus Trustee of the Meridian Park Medical Foundations Board and a 2018 recipient ofitsPillar of Excellence Award. College news from 8 AM - 9 PM ET. With 30+ locations along the I-5 corridor, throughout the Midwest and beyond. 2016 Added Wabash Trailer franchise dealership in Phoenix, AZ. We are thrilled to welcome David as a Member.". 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. Net Worth in 2023: $16 million. "I have admired the Association's work for years and I'm continuously impressed by the incredible impact a scholarship from this organization can have on the lives of inspiring young people," said Mr. Thompson. Portland, Oregon Area. 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 . The story illustrates why TEC Equipment was chosen as the winner for Generational Development in the 2021 Excellence in Family Business Awards. Thompson was drafted #1 overall by the Atlanta Hawks in the 1975 NBA Draft and was also #1 in the ABA draft. In a 3.5-hour conference, CEO Elon Musk confirmed news broken a day earlier by Mexicos president about the carmakers plans for a plant in Monterrey thats expected to make lower-cost EVs. family business Horatio Alger Members are part of a select group of individuals who have experienced a wide spectrum of what life can offer. Today, David is joined by his three sons . . David Thompson's income source is mostly from being a successful Player. David William Thompson was born to parents George and Leesa in Westchester, New York. 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. Four-time NBA All-Star who was selected first overall in the 1975 NBA Draft. The crew of four comprises two NASA astronauts, a Russian cosmonaut and an astronaut from the UAE. Center for Family Enterprise While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. He worked through his entire bag which was fun. 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. 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. 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. Covering more than 2,000 miles of I-5, TEC Equipment is the only dealership group to offer this footprint, providing seamless service, reliable pricing, discounted fuel, and extended hours. And the portfolio of investments is $50,000. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. All net worths are calculated using data drawn from public sources. 1998 Acquired the Mack Ontario, CA franchise. "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. All Rights Reserved. Under Review. 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. Fake Nationality: The actors playing West Germans Denis and Rainer are from East Germany, while those playing Alex and Arianne are from West Germany, and the actor playing "Sigmund Jhn" is Swiss. The renowned stud extends to just under 1,000 acres. Long Dress made out of Managalagiri saree. Sign up for our newsletter for updates on new parts specials, job offers, and more. That perceived safety was incongruent with our family values and ideals, Thompson said. 2006 Expanded to Nevada, acquiring the Volvo and Mack franchises for Reno. "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. As of February 2023, David Thomson's net worth is estimated to be roughly $50 Billion. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Also, the stud is home to four top-class stallions. "TEC Equipment was born from an entrepreneurial mindset and tremendous . David Thompson, (born April 30, 1770, London, Eng.died Feb. 10, 1857, Longeuil, Lower Canada [now Quebec]), English explorer, geographer, and fur trader in the western parts of what are now Canada and the United States. This proud, family-owned business is now one of the largest full service truck and trailer dealerships in the United States. A flight, dinner, drinks and handshakes later, the deal was complete, the first business venture where all generational parties were full participants. 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. 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. CONTACT: 2022 Acquired the Volvo franchise rights in Omaha and Lexington, NE; Sioux City, IA; and Sioux Falls, SD. SOURCE Horatio Alger Association of Distinguished Americans, Inc. Plus500. CONTACT:Carly Buggy484-385-2934 (office) cbuggy@briancom.com, View original content:http://www.prnewswire.com/news-releases/david-a-thompson-president-and-ceo-of-tec-equipment-inc-to-receive-2020-horatio-alger-award-300972345.html. 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. 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. View David O. Thompson's profile on LinkedIn, the world's largest professional community. 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. For more information, please visit www.horatioalger.org. I haveadmired the Associations workfor yearsandImcontinuouslyimpressedbythe incredible impacta scholarshipfrom this organization can have onthe lives of inspiring young people, saidMr. Thompson. Description: TEC Equipment was founded in 1976 by David Thompson. . Record Breaking Contract: In 1978 David signed what was then a record-breaking contract for the NBA. 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. David Thompson is based out of Portland, Oregon, United States and works at Tec Equipment as Founder / CEO. 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. He pledged $5 million to Legacy Health for the construction ofitscardiologyand patientcenter,andhas made contributions toOregon Harbor of Hope and the Oregon Food Bank. However, his family is the richest family in Canada with $35 billion combined fortune. 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. 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. David Thomson and his family control a media and publishing empire founded by his grandfather Roy Thomson. Answer (1 of 14): It depends on why the name changed and whether you're trying to make a point about it. David Thompson is the Founder & Chief Executive Officer at TEC Equipment based in Portland, Oregon. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. Together, TEC Equipment, Volvo, Mack, and Wabash have made significant inroads in growing market share in the western United States. SEATTLE -- At 32, his professional basketball career apparently over -- partly because of a knee injury -- Thompson resides in King County's North Rehabilitation Facility, serving a 180-day. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. TEC Equipment was born from an entrepreneurial mindset and tremendous moxie, CEO and president Thompson said. In the past decade, Thompson was joined by his three sons, who have become owners. 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. 2020 Opened a Mack, Volvo and Wabash dealership in Redmond, OR. We are thrilledto welcomeDavidas a Member.. Upon completion of his bachelor's degree in business, Mr. Thompson served in the U.S. Army, where he was assigned to the Army's Provost Marshall's Office in Vietnam, and served one and a half tours as a criminal investigator. Actor: Win Win. Here's a list of some of the top trending technologies and APIs used by TEC Equipment. and the Member Class of 2022 will be formally inducted into the Association on April 7-9, 2022, during the Associations 75th. Founder & Chief Executive Officer at TEC Equipment . They hope to continue providing industry-leading transportation solutions for customers and fostering a beneficial workplace for employees while continuing to grow the TEC network. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. Today David and his family retain sole ownership of the enterprise, which enjoyed a 53 percent jump in revenue, to $430 million, in the fiscal year ended May 13, up from $280 million in fiscal 2012. David A. Thompson founded TEC Equipment in 1976. 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. David and Patricia Thompson combined net worth is estimated to be around $10 million USD. He has taken a mortgage loan for his home, around $60,000, of which he already paid off $10,000. We welcome all corrections and feedback using the button below. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. After a few years of studying stand-up comedy . Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) Earlier this year, through hard work, she finally reached that goal. Mr. Thompson and the Member Class of 2020 will be formally inducted into the Association on April 2-4, 2020, during the Association's 73rd Horatio Alger Award Induction Ceremonies in Washington, D.C. 2013 Recognized by Successful Dealer Magazine as Truck Dealer of the Year. TEC Equipment has focused its growth strategy along the Interstate 5 corridor. Email us, Copyright 2021 Oregon State University Disclaimer. When not at the office, Chris dedicates himself to giving back to his community and getting outside whether traveling, golfing, snowboarding or boating. corporate partners In addition to his professional success, he is a pillar in his community, providingthose in needwith lifechangingopportunitiesthrough hisphilanthropic effortsand generouscontributions. All rights reserved. David struggled with drugs and alcohol later in life but eventually got clean. TEC Equipment's CEO is David Thompson Who is the CFO of TEC Equipment? After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. TEC Equipment. We are thrilled to welcome David as a Member.". 1976 David Thompson founded Thompson Equipment Company. 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. 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. He then started Thompson Equipment Company, buying and selling used trucks. To position the next generation as successful leaders,David O., Chris and William have worked alongside executive senior leadership and participate in weekly executive staff meetings and quarterly board reviews. 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. The safe play was to pass, Thompson recalled. 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. The TTB's goal is to ensure you're legally qualified to operate your distillery and that you'll do it safely and fairly. 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. Thomson became the chairman of Thomson Corporation and inherited his father's British title, Baron Thomson of Fleet. 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. David A. Thompson founded TEC Equipment in 1976. Your wish might as well come true. 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. Over the next 20 years, TEC expanded across Oregon and California and into Washington, Nevada and Arizona. Gavin Newsom (D) blocked the move. 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. Horatio Alger Award Induction Ceremonies in Washington, D.C. He was also named college national player of the year in 1975 and was a three time ACC Player of the Year and consensus first-team All-American. The high price target for BNGO is $15.00 and the low price target for BNGO is $1.25. Today he concentrates on developing and implementing workflows to streamline the leasing support business and reduce logistical friction for easy, efficient customer experiences. Over 1,000 Low Everyday Prices, now locked until Easter. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Estate estimated net worth: US$400-500 million Estimated net worth at time of his death: US$20 million (technically his net worth was US$5 million at the time, before inflation. Copper Cable Tester. SOURCE Horatio Alger Association of Distinguished Americans, Inc. 2023 Benzinga.com. Uponcompletion of his bachelors degree in business, Mr. Thompson served in the U.S. Army, where he was assigned to the Armys Provost Marshalls Office inVietnam, andserved one and a half tours as a criminal investigator. Today, with 25 facilities in 21 cities, TEC Equipment owns all the Volvo & Mack Truck franchises in Oregon, Washington, Nevada and . "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. The family's biggest holding: more than 320 million shares of Thomson Reuters, where Thomson serves as chairman. Experience everything from fine dining and historic restaurants to local cafes and neighborhood eateries. David Thompson started buying and selling used trucks out of a small building in Portland in 1976. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. David Thompson is an iconic basketball player who has had a long and successful career. Lea Thompson is a popular actress, director, and television producer from America. 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. has been selected for membership in this prestigious organization. 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. 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. 2010 Acquired Mack and Volvo franchises for Las Vegas, NV and San Francisco, CA. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. future students 750 NE Columbia Blvd, Portland, Oregon, 97211, United States. 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. For more information about TEC Equipment, visit theirwebsite. It seems as if no matter the news the stock goes down. David discovered his talents for acting in middle school when he was recommended to audition for a play. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". , 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. Yet average American net worth is up 8.6% over the pre-Recession number, which could be a sign of growing wealth inequality. What About David Thompson Net Worth and Salary in 2023? Get the latest business insights from Dun & Bradstreet. Amid stock market weakness and global economic certainty, Forbes said the total wealth of its billionaires list declined about US$400 billion from 2018 to US$8.7 trillion. 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. About Us; Staff; Camps; Scuba. 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. 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. But coasting on the confidence of what had previously been built is not the TEC way. Learn more. Review this Movie. Net worth is a concept applicable to individuals and businesses as a key measure of how much an entity is worth. XDSL Tester Through the generosity of its Members and friends, in 2020, 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. student success, Oregon State University Welcome visitor you can state of oregon mileage reimbursement rate 2021 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. 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Buggy484-385-2934 ( office ) cbuggy @ briancom.com, View original content: http: //www.prnewswire.com/news-releases/david-a-thompson-president-and-ceo-of-tec-equipment-inc-to-receive-2020-horatio-alger-award-300972345.html, TEC Equipment Volvo! Inducted into the Association on April 7-9, 2022, during the Associations 75th other!
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