PAUL ANDREWS • Net Worth $400 Million • House • Yacht • Private Jet • TTI

Name:Paul Andrews
Net Worth:$ 400 million
Source of Wealth:TTI
Born:January 14, 1943
Age:
Country:USA
Wife:Judy Andrews
Children:Chris Andrews, Jennifer Andrews, Emily Andrews
Residence:Aledo, Texas, USA
Private Jet:Pls send message if you have info.
Yacht:Abbracci


Who is Paul Andrews?

In the realm of electronic distribution sales, Paul Andrews is a name that echoes with reverence. As the founder of TTI Inc, a distributor of passive electromechanical components such as connectors and resistors, Andrews’ influence is far-reaching. Born in January 1943, he is married to Judy Andrews and is the proud father of three children.

Key Takeaways:

  • Paul Andrews, born in 1943, founded TTI Inc., a major player in electronic distribution sales.
  • TTI was acquired by Berkshire Hathaway in 2007 for an undisclosed sum believed to be in the hundreds of millions.
  • Andrews’ net worth is estimated to exceed $400 million.
  • Along with his wife Judy, Andrews is an active philanthropist, with notable contributions like the Paul and Judy Andrews Women’s Hospital.
  • Andrews’ love for cars led to a collection of over 150 vehicles, with some sold in a massive auction in 2015. He now owns a handpicked collection of 12 cars, including a prestigious 1960 Ferrari 250 GT SWB Berlinetta.

The Story of TTI

When Andrews launched TTI in 1971, it was a small venture. However, under his watchful eye and innovative spirit, the company underwent a transformation. It grew to become one of the US’s largest entities in electronic distribution sales, boasting more than 2,500 employees and generating an astounding USD 1.4 billion in revenues.

The Berkshire Hathaway Acquisition

In 2007, Warren Buffett’s powerhouse conglomerate, Berkshire Hathaway, recognized the potential of TTI and acquired the company. Although the exact figures remain undisclosed, Berkshire Hathaway’s 2007 annual accounts indicate that the acquisition price likely ran into hundreds of millions of dollars.

The Wealth of Paul Andrews

Given his success with TTI and the subsequent acquisition by Berkshire Hathaway, it’s unsurprising that Andrews’ net worth is estimated to be over $400 million.

Andrews’ Philanthropic Ventures

Beyond his commercial achievements, Paul and his wife Judy Andrews are well known for their philanthropic contributions through the Paul E Andrews Jr Foundation. A testament to their commitment to giving back to the community is the Paul and Judy Andrews Women’s Hospital at Baylor All Saints Medical Center at Fort Worth, which they funded.

Paul Andrews: The Avid Car Collector

One of Andrews’ personal passions is classic and luxury cars, and he has amassed a collection that at one point exceeded 150 vehicles. His 1928 Mercedes-Benz 680S Saoutchik Torpedo won the title of Best of Show at the prestigious Pebble Beach Concours d’Elegance in 2012.

In 2015, he decided to part with 78 cars from his collection via an auction at RMA Auctions. The star of the auction was a 1962 Ferrari 400 Superamerica SWB Cabriolet, which fetched a staggering US$ 8 million. The auction’s total earnings surpassed US$ 53 million. Andrews now possesses a curated collection of 12 cars, including a prized 1960 Ferrari 250 GT SWB Berlinetta.

Resources

www.ttii.com
https://en.wikipedia.org/wiki/TTI,_Inc.
http://www.berkshirehathaway.com/news/dec2206.html
https://www.rmsothebys.com/en/auctions/AC15

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Yacht Abbracci Owner

Paul Andrews


Watch this video!


Paul Andrews House

Yacht Abbracci


He was the owner of the motor yacht Abbracci.

Abbracci, now known as Lady JJ, was launched by Heesen in 2012, with design work by Omega Architects.

Lady JJ’s impressive MTU engines allow her to reach a top speed of 15 knots, with a cruising speed of 12 knots, and a range of over 4,000 nautical miles.

This luxurious vessel can comfortably accommodate 12 guests, with a dedicated crew of 13.

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