Albert O. "Ab" Nicholas (January 24, 1931 - August 4, 2016) was the chairman, CEO, and portfolio manager of Nicholas Company, Inc. founded in 1967 and based in Milwaukee, Wisconsin. In April 2010, he was one of four inducted into the Wisconsin Business Hall of Fame. According to Bloomberg Markets, "The Nicholas Fund, which he has run since 1969, has topped the Standard & Poor's 500 Index by an average of 2 percentage points a year for the past 40 years and has beaten it every year since 2008.
Video Albert Nicholas (CEO)
Education
Born on January 24, 1931 in Rockford, Illinois, Nicholas earned a Bachelor's in Economics at the University of Wisconsin-Madison and played guard for the Badgers men's basketball team. He spent two years in the military prior to returning for an M.B.A. in Finance and Investments.
Maps Albert Nicholas (CEO)
Early career
Nicholas began his career at the Northwestern National Insurance Company, where he worked as an investment analyst. He moved on to Marshall and Ilsley Bank before co-founding Nicholas Company.
Affiliations
He was a member of the Milwaukee Investment Analysts Society, and a Chartered Financial Analyst.
Charitable work
In March 2015, the Boys & Girls Clubs of Greater Milwaukee announced "that it has received a $2 million donation from longtime donor and trustee Albert "Ab" Nicholas to fund and develop a recreational basketball league within its clubs."
He also made significant contributions to the Milwaukee War Memorial Center as well as the University of Wisconsin. The donation of $50 million was made "to inspire other donors to create undergraduate and athletic scholarships and graduate fellowships for UW-Madison students. The gift will match, on a dollar-for-dollar basis, other donations made to support scholarship programs. The UW Foundation describes the Nicholas' donation as'the second-largest household gift in the university's history.'", Another contribution to the school endowed a deanship for the University of Wisconsin-Madison Business School which had previously been paid with university funds.
Nicholas died on August 4, 2016, at the age of 85. On January 12, 2017, the UW athletic department announced that the Kohl Center basketball floor would be renamed the "AB Nicholas Court" in his honor with the start of the 2017-18 season.
References
External links
- Money manager Ab Nicholas launching $50 million scholarship program for details on Basketball scholarship
- Sometimes confused with the securities finance firm A. B. Nicholas, though the two are completely separate
Source of article : Wikipedia
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