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BILLIONAIRE FINANCIER THOMAS H. LEE FOUND DEAD OF SELF-INFLICTED GUNSHOT WOUND
IN NYC OFFICE: SOURCES

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Back to Reading
February 23, 2023 6:42pm
Updated
February 23, 2023 9:06pm
Today's Video Headlines: 2/23/23

MORE ON: BILLIONAIRES

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* SUPER BOWLING FOR CASH WITH THE NFL’S CLUB OF BILLIONAIRES

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Billionaire financier and investor Thomas H. Lee was found dead of a
self-inflicted gunshot wound at his Manhattan office on Thursday morning, police
sources said.

Cops responded to a 911 call at 767 Fifth Avenue — where Thomas H. Lee Capital,
LLC is located on the sixth floor — at around 11:10 a.m., the sources said.

EMTs pronounced the 78-year-old businessman dead at the scene.

The Office of the Chief Medical Examiner will determine the official cause of
death.

“The family is extremely saddened by Tom’s death. While the world knew him as
one of the pioneers in the private equity business and a successful businessman,
we knew him as a devoted husband, father, grandfather, sibling, friend and
philanthropist who always put others’ needs before his own,” Lee family friend
and spokesperson Michael Sitrick said in a statement.

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1 of 3
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Thomas H. Lee, 78, was found dead at his Manhattan office from a self-inflicted
gunshot wound. Bloomberg via Getty Images
Lee is credited with developing the leveraged buyout. Bloomberg via Getty Images
Advertisement

“Our hearts are broken. We ask that our privacy be respected and that we be
allowed to grieve.”

A front desk worker at Lee’s office building was told there was an “emergency,”
on the sixth floor, but was unaware of Lee’s death.

“They don’t want anyone going to that space right now, not even the building
staff,” the man said.

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1 of 3
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Cops responded to 767 Fifth Avenue — where Thomas H. Lee Capital, LLC is located
on the sixth floor. Kevin C. Downs for NY Post
The call came in around 11:10 a.m. on Thursday morning. Kevin C. Downs for NY
Post
Advertisement

Lee is credited with being one of the first financiers to purchase companies
with money borrowed against the business being bought — what is now called a
leveraged buyout.

The Harvard graduate founded Thomas H. Lee Partners, L.P. in 1974, serving as
the chairman and CEO of the company and its predecessors.

In 1992, the private equity pioneer bought Snapple and sold it two years later
for $1.7 billion, making 32 times his money.

But not everything always went according to plan.

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1 of 6
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Bob Kraft, Thomas Lee, Glenn Dubin and Dr. Eva Andersson-Dubin attend WOODY
JOHNSON’s “Wig Out” 60th Birthday Party. PMC
Michael Milken, Thomas Lee, Peter Thoren and Cliff Robbins attend Dinner At
Daniel Benefitting The Prostate Cancer Foundation (PCF) at Daniel in Nov. 2022.
Jared Siskin/PMC
Advertisement
Thomas Lee and Jane Holzer attend Double Vision Curated By Jane Holzer at Leila
Heller Gallery in May 2019. Jared Siskin/PMC
Thomas H. Lee and Amanda Waldron attend the Lincoln Center Fall Gala Honoring
John E. Waldron in Nov. 2019. Getty Images for Lincoln Center
Advertisement

In 1999, Lee led a deal for what was renamed Vertis Communications, the
fifth-largest North American printer. By 2006, when many peers had expanded to
offer other services, such as marketing, it dropped to ninth since it did not
have the money to do the same. Vertis filed for bankruptcy in 2008.

Lee and his longtime partners split in 2005 with Thomas H. Lee Partners being
run by Scott Sperling, and Lee left to form Lee Equity Partners in 2006, where
he served as chairman until his death Thursday.

Lee with his his wife of 27 years, Ann Tennenbaum.[YOUR NAME]/BFA.com An
oceanfront mansion in the Hamptons owned by Lee in 2008.Doug Kuntz

Lee was a known philanthropist, particularly for the arts and education. He sat
as a trustee for several Big Apple art organizations, including the Lincoln
Center for the Performing Arts, the Museum of Modern Art and the Whitney Museum
of American Art.

“I’ve been lucky to make some money. I’m more than happy to give some of it
back,” Lee said in 1996 after donating $22 million to his alma mater Harvard
University, one of the school’s largest gifts ever from a living alumnus.

For his lifetime of philanthropy, he received the UJA-Federation’s award — named
after Jack Nash, a financier who helped create the modern hedge fund business —
in 2014.

Lee once owned Snapple and made 32 times his investment. Bloomberg via Getty
Images

Lee leaves behind his wife of 27 years, Ann Tennenbaum. He is survived by his
children Jesse, Zach, Nathan, Robbie, and Rosalie, as well as two grandchildren.

192
What do you think? Post a comment.

A woman who answered the phone at Lee Equity Partners declined to comment
Thursday afternoon.

If you are struggling with suicidal thoughts or are experiencing a mental health
crisis and live in New York City, you can call 1-888-NYC-WELL for
free and confidential crisis counseling. If you live outside the five boroughs,
you can dial the 24/7 National Suicide Prevention hotline at 988 or go
to SuicidePreventionLifeline.org.

Additional reporting by Josh Kosman

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