| Name: | Lee Anderson |
| Net Worth: | $ 3 billion |
| Source of Wealth: | API Group |
| Born: | June 22, 1939 |
| Age: | |
| Country: | USA |
| Wife: | Penny Anderson |
| Children: | Katharine Anderson, Andy Anderson |
| Residence: | Lake Nisswa, Minnesota |
| Private Jet: | Bombardier Global 5000 (N702LK) |
| Yacht | Katharine |
Known for his prodigious entrepreneurial acumen, Lee Anderson is a renowned figure in the worlds of business and philanthropy. With a business empire spanning across construction, energy, safety, and real estate, Anderson’s trajectory is a testimony to his relentless drive and business acumen. The owner of the luxury yacht Katharine, he was the mastermind behind the success of the API Group before its sale in 2019 for an impressive $3 billion. Born in June 1939, Anderson is married to Penny Anderson and they have two children: Katharine and Andy.
The roots of the API Group date back to 1926, when it was founded by Anderson’s father. The company’s initial foray into business was as a modest insulation contracting and distribution company, then known as Asbestos Products Inc. Over the years, however, the company evolved and expanded its reach to become one of the largest specialty contractors in North America.
Today, API is a formidable holding company, overseeing more than 40 independently managed life safety, energy, specialty construction, and infrastructure companies. With a global footprint that spans over 200 locations, its investment portfolio includes the American Fire Protection Group, United Piping, and the API Construction Company.
The API Group has secured its position as the second-largest supplier of Life Safety Services in the United States, and is the largest in Canada. In 2019, it was sold for an impressive US$ 2.9 billion, a testament to its tremendous growth and success.
Anderson’s business acumen isn’t limited to the construction and energy sectors. In the 1980s and 90s, he ventured into the banking industry, acquiring 18 banks in central and northern Minnesota over a span of two decades. His strategic divestment of his banking assets in 1997 for US$ 700 million paid in Wells Fargo shares proved to be another masterstroke, as these shares doubled in value within a year, propelling Anderson to billionaire status.
Anderson’s business portfolio also includes a significant stake in the real estate industry through A&L Properties. Co-founded with his business partner Rob Link, A&L Properties represents Anderson’s dedication to diversifying his investment portfolio, further solidifying his status as a successful real estate developer.
Thanks to his extensive business ventures, Lee Anderson’s net worth is estimated to be around $3 billion, although the true figure could potentially be higher. An avid art collector, Anderson owns works by renowned artists such as Monet and Renoir, further contributing to his significant wealth.
More than just successful entrepreneurs, Lee and his wife Penny Anderson are also well-known philanthropists. Over the years, they have donated generously to various causes, notably contributing US$ 60 million to the University of St. Thomas in 2007, which funded the construction of the Anderson Student Center. They also donated US$2.5 million for the construction of the Defenders Lodge, a facility for veterans seeking care at the Department of Veterans Affairs.
In 2023, the Andersons once again made a notable contribution, donating $75 million to the University of St. Thomas for the construction of a new basketball and hockey arena. Named in their honor, the Lee and Penny Anderson Arena will provide a venue for about 4000 hockey patrons, 5000 basketball spectators, and 6000 attendees of concerts and university commencements.
https://en.wikipedia.org/wiki/LeeAnderson_Sr.
https://www.apigroupinc.com/about-
http://www.usma1961.org/Anderson%20UST%20Speech.htm
http://www.kortakatarinawinery.com/about/story.php
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Lee and Penny Anderson own many houses. We believe their main residence is a large house in Naples, Florida. The house is based in the Gulf Of Mexico.
They also own a house on Lake Nisswa in Minnesota and a winery in Croatia.
Nestled on the Gulf of Mexico in southwest Florida, Naples is a charming city renowned for its high-end shopping, world-class dining, and exquisite white sandy beaches. The city is an epitome of paradise, boasting pristine beaches that are often cited among the best in the nation.
The iconic Naples Pier, a favorite for fishing and dolphin spotting, gives visitors a glimpse into the city’s tranquil coastal lifestyle. The city’s vibrant downtown area, Fifth Avenue South, is replete with unique boutiques, restaurants, and art galleries, providing a cultural hub for both tourists and residents. Nature enthusiasts find solace in the Corkscrew Swamp Sanctuary, where miles of boardwalks meander through diverse ecosystems.
Home to numerous championship golf courses, Naples has rightfully earned its nickname “the Golf Capital of the World”. The Naples Zoo, with its array of exotic animals, is a perfect family-friendly attraction. Whether you’re looking for relaxation, adventure, or culture, Naples, Florida offers an enticing blend of it all.
He is the owner of the CRN motor yacht Katharine. Katharine is named after Lee and Penny’s daughter Katharine. The $40 million yacht was built as Numptia for Mario Sbarro, owner of the Sbarro pizza chain.
The KATHARINE yacht is a stunning 62-meter superyacht built by CRN, the leading luxury yacht builder in Ancona, Italy. Originally named Numptia, this vessel boasts a striking design by Studio Scanu and can comfortably accommodate up to 12 guests in 6 cabins, with a crew of 16.
Anderson owns a Bombardier Global 5000 private jet. The jet has registration N702LK. The jet was delivered in 2012. A Bombardier Global 5000 has a list price of U$ 50 million.
The Bombardier Global 5000 is a large, ultra-long-range business jet produced by Bombardier Aerospace. It is part of Bombardier’s Global family of aircraft, which includes the Global 7500, Global 6000, and Global Express models. The Global 5000 has a range of approximately 5,200 nautical miles (9,630 km) and can carry up to 19 passengers. It is powered by two Rolls-Royce BR710-A2-20 turbofan engines, which provide a maximum speed of Mach 0.89 (590 mph or 950 km/h) and a maximum altitude of 51,000 feet (15,545 meters).
The cabin of the Global 5000 is designed for comfort and luxury, with a spacious interior that can be configured to meet the needs of individual owners. The cabin features a full galley, a private lavatory, and a range of in-flight entertainment options, including high-speed internet and satellite TV. The Global 5000 is a popular choice among business and VIP travelers who require a long-range aircraft with exceptional performance, comfort, and luxury. It is also used for government and military applications, including transportation of high-ranking officials and medical evacuation missions. The list price for a new Global 5000 is estimated to be around $50 million.
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Yacht Owners Database 2024
