Who is Paul Andrews?
Andrews is the founder of TTI Inc. It is a distributor of passive electromechanical components (connectors, resistors). He was born in January 1943. He is married to Judy Andrews. They have 3 children.
What began as a small company in 1971 became one of the US largest companies in electronic distribution sales, with more than 2,500 employees and USD 1.4 billion in revenues.
Acquired by Berkshire Hathaway
Warren Buffett’s Berkshire Hathaway acquired TTI in 2007 for an undisclosed sum. Based on Berkshire Hathaway’s 2007 annual accounts, the acquisition price should be a few hundred million dollars.
Paul Andrews Net Worth
Superyachtfan estimates his net worth at more than US$ 400 million.
Paul and his wife Judy are active philanthropists through the Paul E Andrews Jr Foundation. They funded the Paul and Judy Andrews Women’s Hospital at Baylor All Saints Medical Center at Fort Worth.
Andrews Car Collection
He is a car collector, with a collection that grew to more than 150 vehicles. In 2012 his 1928 Mercedes-Benz 680S Saoutchik Torpedo won the title Best of Show at the Pebble Beach Concours d’Elegance.
In 2015 he sold 78 cars of his collection through an auction at RMA Auctions. The top car was a 1962 Ferrari 400 Superamerica SWB Cabriolet which sold for US$ 8 million.
The total result of the auction was more than US$ 53 million. He now owns a collection of 12 cars including a 1960 Ferrari 250 GT SWB Berlinetta.