Carl Lindner Jr., chairman of Cincinnati, Ohio-based American Financial Group, died on Oct. 17, 2011, at age 92.
Lindner was surrounded by his wife, sons and other family members when he died of causes related to age, his Cincinnati-based company, American Financial Group Inc., said in a statement.
The American Financial Group is a publicly traded financial holding company now reporting more than $30 billion in assets, the Associated Press reported. In 2009, Forbes magazine estimated Lindner’s personal wealth at $1.75 billion, placing him among the 400 richest Americans.
Lindner held controlling interests in such notable organizations as Great American Insurance Group, General Cable Corp., The Penn Central Corp., Hanna-Barbera Productions, Kings Island Co., the former Taft Broadcasting Co., The Cincinnati Enquirer, The Cincinnati Reds, Chiquita Brands International Inc. and The Provident Bank.
With all his diverse business ventures, he had a special interest for the insurance and banking industry. Lindner founded the cornerstone of his financial empire, American Financial Corp., in 1959. From 1961 until the company went private in 1981, American Financial’s portfolio made more than 60 times its original investment as Lindner diversified into banks, insurance and assorted industries. American Financial Corp. merged with American Premier Underwriters in 1995 to form the publicly traded American Financial Group.
Lindner had three sons with his second wife, Edyth Bailey: Carl H. Lindner III, 58, co-CEO of American Financial Group and chairman of Great American Insurance Co.; S. Craig Lindner, 56, co-CEO of American Financial Group, chairman of American Money Management and president and CEO of Great American Financial Resources; and Keith Lindner, 52, a former official at Chiquita.
American Financial announced that to commemorate and celebrate the life of Carl H. Lindner, Jr., a parade will take place through his beloved Cincinnati, Norwood and other local communities on Oct. 21. The company said Lindner was passionate about staying connected with the neighborhoods where he grew up, started his businesses and raised his family.
His memorial service will be private
The parade route encompasses many, but certainly not all, of the people, churches, homes, buildings, organizations and programs that were close to Lindner’s heart.
Source: Associated Press, American Financial Group
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