| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $1.3 billion | N/A | 1944 | United States | Male | N/A | Physician, Businessman | American |
What is James Leininger’s Net Worth?
James Leininger is an American physician and businessman with an estimated net worth of $1.3 billion. As a former emergency room doctor and the founder of Kinetic Concepts (KCI), a global medical technology corporation, Leininger has accumulated his impressive wealth over the years.
Highlights
– Net Worth: $1.3 billion
– Birthdate: 1944
– Birthplace: United States
– Gender: Male
– Profession: Physician, Businessman
– Nationality: American
Early Life
James R. Leininger was born in 1944 in the United States. He obtained his Bachelor’s and Master’s degrees from Indiana University in 1965 and 1969, respectively. His educational background laid the foundation for his future career success in the medical field.
Career
After graduating from Indiana University, James Leininger initially worked as an emergency room doctor. However, his journey towards building his net worth of $1.3 billion truly began when he founded Kinetic Concepts (KCI) in 1976. KCI is a leading global medical technology corporation focused on products related to wounds and wound healing.
Under Leininger’s leadership, KCI experienced significant growth and success. However, in November 2012, a consortium of private equity firms led by Apax Partners acquired the company for $6.3 billion. As a result, Leininger, who was the largest individual shareholder at the time, had to sell his stake in KCI, with the company going private. Despite no longer being the owner, he continues to serve as Chairman Emeritus on the company’s Board of Directors.
In addition to KCI, Leininger also co-founded Renal Care Group and ATX Technologies. He served on the Board of Directors for ATX Technologies from 1994. Currently, Leininger focuses on investing through his Medcare Investment Funds, which manage a total of $1 billion in assets. He is actively involved in supporting school reform initiatives and has been a longtime donor to Texas Governor Rick Perry. Additionally, Leininger is a part-owner of the San Antonio Sports, reflecting his passion for basketball.
Personal Life
James Leininger keeps his personal life mostly private. However, his dedication to philanthropic endeavors, such as supporting school reform and donating to political figures like Rick Perry, showcases his commitment to making a positive impact beyond his professional achievements.
Net Worth Over Time
James Leininger’s net worth has fluctuated over the years due to various factors, such as business ventures and investments. Starting with a net worth of $1.3 billion, his financial standing has been influenced by the acquisition of KCI by private equity firms and his subsequent divestment of shares.
Components of Net Worth
Leininger’s net worth primarily stems from his successful ventures in the medical technology industry. As the founder of Kinetic Concepts (KCI), he played a pivotal role in establishing a globally recognized corporation specializing in wound healing products. Furthermore, his involvement in co-founding Renal Care Group and ATX Technologies also contributed to his financial success. In addition to his corporate endeavors, Leininger manages his wealth through his Medcare Investment Funds, which further bolster his net worth.
In conclusion, James Leininger is an accomplished American physician and businessman whose net worth is estimated at $1.3 billion. Through his entrepreneurial endeavors and involvement in the medical technology industry, Leininger has established himself as a successful figure in the business world. Despite divesting his stake in KCI, he continues to contribute to various philanthropic causes while actively managing his wealth through investments.