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Gary Winnick
Gary Winnick (October 13, 1947 – November 4, 2023) was an American billionaire businessman, industrialist, and investment banker. He served as the chairman and CEO of Winnick & Company, a private equity firm that he originally established as Pacific Capital Group in 1985. In 2020, he established WCO Spectrum, a company that invests in wireless spectrum licenses in the United States.
Winnick was raised in a Jewish family on Long Island, New York. He is the son of Blanche and Arnold Winnick.
Winnick's first business was a snow-removal operation when he was 12 years of age, employing other children in his neighbourhood to clear local roads and driveways.
Winnick attended public schools in Long Island and graduated from Roslyn High School in Roslyn, New York in 1965. He attended CW Post College, and graduated in 1969.
Winnick's first job in financial services was as a bond salesman with Drexel Burnham Lambert. In 1978, he joined the staff of Michael Milken at Drexel's high-yield bond operation in California. He was head of the convertible desk.
Winnick's work at Drexel provided initial capital and mid-cap financing to new U.S. companies in the fields of telecommunications, healthcare and gaming. Winnick is also credited with proposing the design of the California unit's X-shaped trading desk in Beverly Hills.[citation needed]
In 1985, Winnick founded a private equity firm.
In 1996, Winnick formed a partnership with the AFL-CIO that was responsible for recovering the Playa Vista development in Los Angeles, a large planned community on the Westside of Los Angeles.
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Gary Winnick
Gary Winnick (October 13, 1947 – November 4, 2023) was an American billionaire businessman, industrialist, and investment banker. He served as the chairman and CEO of Winnick & Company, a private equity firm that he originally established as Pacific Capital Group in 1985. In 2020, he established WCO Spectrum, a company that invests in wireless spectrum licenses in the United States.
Winnick was raised in a Jewish family on Long Island, New York. He is the son of Blanche and Arnold Winnick.
Winnick's first business was a snow-removal operation when he was 12 years of age, employing other children in his neighbourhood to clear local roads and driveways.
Winnick attended public schools in Long Island and graduated from Roslyn High School in Roslyn, New York in 1965. He attended CW Post College, and graduated in 1969.
Winnick's first job in financial services was as a bond salesman with Drexel Burnham Lambert. In 1978, he joined the staff of Michael Milken at Drexel's high-yield bond operation in California. He was head of the convertible desk.
Winnick's work at Drexel provided initial capital and mid-cap financing to new U.S. companies in the fields of telecommunications, healthcare and gaming. Winnick is also credited with proposing the design of the California unit's X-shaped trading desk in Beverly Hills.[citation needed]
In 1985, Winnick founded a private equity firm.
In 1996, Winnick formed a partnership with the AFL-CIO that was responsible for recovering the Playa Vista development in Los Angeles, a large planned community on the Westside of Los Angeles.