Boston, MA

The new Boston billionaire who is giving away millions

Ash Jurberg

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There were twenty-five billionaires living in Massachusetts last year. This month when Forbes released their annual list of billionaires, a new name from Boston had joined the billionaires club.

Robert Hale is the founder and CEO of wholesale telecommunications provider Granite Telecommunications and has a net worth of $3.2 billion. Let's take a look at the new Boston billionaire.

The new Boston billionaire who is giving away millions

In 2002, Hale founded Granite which provides voice, data, and other communications services to businesses and governmental agencies in the U.S. and Canada. It now has annual revenues exceeding $1.5 billion and employs more than 2,500 staff. Granite provides its services to over two-thirds of Fortune 100, including 18 of the top 20 retailers in the United States.

Boston sports fans will also know Hale as an owner and director of the NBA franchise, the Boston Celtics, as well as the owner of the Boston Cannons in the Major League Lacrosse.

Philanthropy

Despite all his business success, Hale is perhaps best known for his philanthropy. He has personally donated almost $260 million towards cancer research, educational institutions, and other charitable causes.

Rob was awarded the Boston Red Sox Jimmy Fund Award in 2014 for his long-time commitment to the lifesaving mission of the Dana-Farber Cancer Institute and the Jimmy Fund and has received several other awards for his philanthropy.

In 2019, The Chronicle of Philanthropy listed Hale as one of America's top 15 most generous Philanthropists. Granite was also recognized in 2019 as the most philanthropic company in Massachusetts after donating $25 million to community organizations.

And he also gives to individuals. For example, last year, he surprised the graduates of Quincy college by giving $1000 to all 490 of them.

"We do feel this is a responsibility. We believe in Maya Angelou’s words, “To those who are given much, much is expected.” I know that I am fortunate and try to do everything I can to share my good tidings. In the last five years, we have put about $165 million into the community and my teammates last year gave 12,500 hours of community service. We take this very seriously and have been recognized for our philanthropic work. It is the right thing to do, and it is also a business imperative because the best talent wants to work for a company where they can make an impact and also wants a company that is making an impact in the community." Robert Hale

Readers, what do you think of Robert Hale's story? Have you met or worked for him? Are you glad to see him give so much back to the Boston community?

Please leave your comments below.

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