David Thomson's net worth as of February 2023 is a massive $32 billion. Mr. Thompson wasjust15 years old when he lost his father. . WASHINGTON, Dec. 10, 2019 /PRNewswire/ --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 David A. Thompson, president and CEO of TEC Equipment, Inc., has been selected for membership in this prestigious organization. Industry: Vehicle Dealers. 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. 86% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our. The hype around AI has everyone reconsidering what the future holds for different industries like programming, journalism, and education. Together, TEC Equipment, Volvo, Mack, and Wabash have made significant inroads in growing market share in the western United States. Interest in the skilful, highly technical Spanish midfielder will only increase after a surge in form. 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. The family also holds a stake in telecom giant Bell Canada and own the Toronto-based Globe and Mail newspaper. 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. For more information about Horatio Alger Association and its Member Class of 2022, please visit www.horatioalger.organdfollow the organization onFacebook,TwitterandInstagram. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. 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 . Today, with 25 facilities in 21 cities, TEC Equipment owns all the Volvo & Mack Truck franchises in Oregon, Washington, Nevada and . 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. 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 discovered his talents for acting in middle school when he was recommended to audition for a play. As manufacturers, Volvo, Mack, and Wabash are committed to supporting TECs growth along the I-5 corridor. He has seen TEC from many angles, working in the warehouse, on the maintenance team, as an insurance agent and now as director of TEC Development. Center for Family Enterprise 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. Total Liabilities = $258.6 Bn. Corvallis, Oregon 97331 TEC Equipment has focused its growth strategy along the Interstate 5 corridor. Mr.Thompson joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. 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. . 2022 Acquired two leasing locations in Seattle, WA and Kent, WA. 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. Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest people. Thank you for subscribing to the Business Matters Newsletter. Education . . Net worth is a concept applicable to individuals and businesses as a key measure of how much an entity is worth. 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. For more information, please visit www.horatioalger.org. If the liabilities are greater than assets, it implies a negative net worth. 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. 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. 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. TEC Equipment was born from an entrepreneurial mindset and tremendous moxie, CEO and president Thompson said. This proud, family-owned business is now one of the largest full service truck and trailer dealerships in the United States. David Thompson founded TEC Equipment in 1976. 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. 2019 Opened Mack and Wabash dealership in San Diego, CA. TEC Equipment, Inc. is proud to representVolvoandMack trucks, and Wabash Trailers, as a franchise dealer in key markets across the West. Record Breaking Contract: In 1978 David signed what was then a record-breaking contract for the NBA. In addition to his professional success, he is a pillar in his community, providingthose in needwith lifechangingopportunitiesthrough hisphilanthropic effortsand generouscontributions. "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. 1976 David Thompson founded Thompson Equipment Company. When not at the office, Chris dedicates himself to giving back to his community and getting outside whether traveling, golfing, snowboarding or boating. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. "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. I haveadmired the Associations workfor yearsandImcontinuouslyimpressedbythe incredible impacta scholarshipfrom this organization can have onthe lives of inspiring young people, saidMr. Thompson. Gavin Newsom (D) blocked the move. Swathi Veldandi Design Studio. student success, Oregon State University 2016 Added Wabash Trailer franchise dealership in Phoenix, AZ. CONTACT: Carly Buggy 484-385-2913 (office) cbuggy@briancom.com. Linda also bags quite vast amounts of money from her endorsements and making public appearances as well as monetizing herself on social media platforms. SOURCE Horatio Alger Association of Distinguished Americans, Inc. Plus500. 1. David A. Thompson founded TEC Equipment in 1976. Horatio Alger Award Induction Ceremonies in Washington, D.C. 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. David Thompson was inducted into the Basketball Hall of Fame and the College Basketball Hall of Fame. Today he oversees TECs full-service real estate development division, leading design and construction through to full occupancy, developing functional, comfortable spaces for TEC. We welcome all corrections and feedback using the button below. The renowned stud extends to just under 1,000 acres. 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. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. Sep 1976 - Present46 years 6 months. The TEC network consisted of 28 locations across five states until in 2022, TEC made its first foray into the Midwest, acquiring four Volvo dealership locations in Nebraska, Iowa and South Dakota. In 2008, he became the chairman of the merged entity, Thomson Reuters. Patents [1996] RPC 461 488 Kooltrade Ltd v XTS Ltd [2001] FSR 158 535 Koursk, The [1924] P 140 175 LA Gear Ltd v Hi-Tec Sports plc [1992] FSR 121 42, 176, 640 . David Thomson is the Chairman of the Thomson Reuters . 1994 Added two Volvo franchises in Portland, OR and Wilsonville, OR. 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. Keeping low prices, low. "TEC Equipment was born from an entrepreneurial mindset and tremendous . To build on their outside exposure and experience, all three participate in other civic activities, including serving on boards, associations and professional groups. Michael Jordan asked David Thompson to introduce him for him his NBA Hall of Fame induction. As the West's leading full-service truck and trailer . 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. In 2020, he was listed as the wealthiest person in Canada. Founder & Chief Executive Officer at TEC Equipment . In addition to heavy duty semi-trucks, TEC sells medium duty semi-trucks, trailers, tow and recovery products and auto transport vehicles. 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. In calculating net worth, Bloomberg . TEC Oakland is open 7 a.m. to 5 p.m. Monday through Friday. 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. 2002 - 2023 THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. All Rights Reserved. Last Updated: February 2023. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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. David Thomson has a net worth of $5.09 billion. 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. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, TEC Equipment headquarters are located in 750 NE Columbia Blvd, Portland, Oregon, 97211, United States, TEC Equipments main industries are: Automobile Dealers, Retail, Consumer Services, Car & Truck Rental, Retail, Automobile Parts Stores, TEC Equipment appears in search results as Tec Equipment, Tec Equipment Inc, TEC Inc, International Organization for Standardization, Web Hypertext Application Technology Working Group, Get Free Access to TEC Equipment Contacts Info. TEC Equipment's CFO is Kelly Knox How do I contact TEC Equipment? Thomson became the chairman of Thomson Corporation and inherited his father's British title, Baron Thomson of Fleet. But coasting on the confidence of what had previously been built is not the TEC way. 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. cbuggy@briancom.com, David A. Thompson, President and CEO ofTEC Equipment, Inc.,to Receive 2022 Horatio Alger Award, Horatio Alger Association names 16 outstanding individuals, each of whom has overcome adversity to achieve professional and personal success, to its Member Class of 2022. 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. 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. In 2018, Thomson Reuters announced it was selling a controlling stake in Refinitiv, a financial data provider, to Blackstone for $17 billion. 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. mba His home is worth $120,000. That helped to build trust amongst colleagues and allowed the future leaders to understand the intricacies of the job and relate to the needs and challenges of employees. Inc. Plus500 franchises in Portland, OR and Wilsonville, OR Trailers, tow and recovery and. People, saidMr Wabash dealership in Phoenix, AZ and own the Globe. Founder & amp ; Chief Executive Officer at TEC Equipment & # x27 s. 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