San Antonio, TX

The richest person in San Antonio, Texas

Luay Rahil

https://img.particlenews.com/image.php?url=3KZPLF_0d3WfItr00
Photo Credit: Canva

San Antonio is a major city in south-central Texas. There are 1,434,625 residents, but none has more money than Christopher Goldsbury.

The City of San Antonio is the seventh-most populous city in the country and the second-most populous city in Texas after The City of Houston that has 2,3223,660 residents. San Antonio is also the largest majority-Hispanic city in the United States, with a 64% Hispanic population.

According to Forbes, Christopher Goldsbury is an American businessman who has a net worth of $1.7 billion. He is the CEO of Silver Ventures, an equity firm specializing in the food industry. In 1969, he started his career with Pace Foods, producer of Pace Picante salsa. He soon married the founder David Pace's daughter Lined and became president in 1977.

Linda Pace and Christopher acquired the company successfully for $14 million and expanded it to national and international markets. Then, a few years later, the couple got divorced in 1987, and he bought her half for $95 million, less than 10% of what the company would be worth less than seven years later.

Who wants to be a millionaire?

In 1994, Campbell Soup bought Pace Foods for $1.12 billion, becoming a billionaire. He used the money to find a private equity firm named Silver Ventures. Silver Ventures owns a stake in NatureSweet, a tomato producer, and Ecce Panis, an artisanal bread maker.

In 2009, Campbell Soup bought Ecce Pains from Silver Ventures for $65 million. Early this year, Campbell Soup sold the company to Jimmy's Cookies. According to Food Business News, "The baking facility will provide Jimmy's Cookies with additional capacity for its gourmet cookie product business."

As you can see, Christopher Goldsbury understands how to acquire food businesses and expand them to national and international markets.

Goldsbury philanthropy

In 1996, Christopher Goldsbury founded the Goldsbury Foundation that seeks to proactively impact the lives of young people in our community through catalytic giving. The foundation teaches children how to cook healthy food and partners with public schools to prepare children to succeed in academic and professional life.

In 2007, Goldsbury gave $35 million to the Culinary Institute of America to help build a campus at the Pearl Brewery complex, with $20 million set aside for scholarships.

In 2013, Goldsbury Foundation donated $20 million to the Children's Hospital of San Antonio Foundation, which was "The largest single gift in the 144-year history of the hospital's parent, the CHRISTUS Santa Rosa Health System."

Goldsbury is also backing the revitalization of the downtown Pearl neighborhood through his private equity firm Silver Ventures.

Other people on Forbes List.

Comments / 16

Published by

Writing on leadership, business, and culture.

Fort Worth, TX
4976 followers

More from Luay Rahil

Comments / 0