Introduction
John Adams Morgan is a prominent businessman, Olympic champion, and the founder of Morgan Joseph. With a complete net worth of $110 million, he is widely recognized as the ex-husband of Sonja Morgan.
Early Life and Biography
John Adams Morgan was born on September 17, 1930, in Oyster Bay, Long Island. He comes from a family of businessmen and aspired to become a successful entrepreneur from an early age. Morgan attended the Groton School and graduated in 1949. He then pursued a Bachelor of Arts degree from Yale University, graduating in 1953. Morgan has a sibling named Henry Sturgis Morgan Jr.
Personal Life
John Adams Morgan has been married multiple times in his life. Unfortunately, his previous four relationships ended in divorce. He is currently married to Connie H. Morgan since 2010. The couple has a daughter named Quincy Adams Morgan. Morgan owns a private island called Caritas Island, located in Stamford, Connecticut, spanning an area of 3.5 acres. The estimated value of this island is $19 million. Presently, Morgan resides on this island, which was built in 1906.
Age, Height, and Weight
As of today’s date, June 14, 2023, John Adams Morgan is 90 years old. He stands at a height of 5 feet 9 inches and weighs approximately 75 kg.
Life Events
Olympic Life
John Adams Morgan participated in the 1952 Summer Olympics held in Helsinki, where he achieved a remarkable feat. He won a gold medal in the 6-meter class sailing competition with his boat named Llanoria.
Business Life
Morgan’s business career spans several notable achievements. From 1956 to 1966, he served as a partner in Dominick and Dominick. Subsequently, from 1966 to 1982, he worked at Smith Barney, holding positions such as Senior Vice President in charge of the corporate finance department and Vice Chairman responsible for the firm’s mergers and acquisitions activities. He was also a member of the executive board and head of Smith Barney International Inc.
In 1982, John Adams Morgan, who is the great-grandson of J. P. Morgan, established his own retail and commercial firm known as Morgan Lewis Githens and Ahn, Inc. In 1985, the firm completed a leveraged buyout with the Olin Corporation, an industrial chemical company based in Stamford, Connecticut, acquiring Olin’s Ecusta cigarette paper business. In 1987, the firm facilitated the acquisition of Service America Corp. from Alleco Inc., formerly Allegheny Beverage Corporation, for a sum of $450 million in cash and securities.
In 2001, Morgan’s firm and broker-dealer license were acquired by the newly established MLGA Holdings. Alongside Fred Joseph, the former president and CEO of the investment bank Drexel Burnham Lambert during the 1980s, he co-founded the new entity, which became known as Morgan Joseph LLC in 2002. The firm aimed to engage in high-yield business for mid-sized companies and capitalize on investment bankers who were laid off during the technology stock bubble of 2000. Following the establishment of the new firm, Morgan served as the chairman of the board of directors of Morgan Lewis.
In December 2010, Morgan Joseph LLC merged with Tri-Artisan Partners LLC to form Morgan Joseph TriArtisan Group, Inc. In April 2011, Apollo Global Management invested in Morgan Joseph TriArtisan, and the company registered as a broker-dealer to seek clients and deals for its private equity and hedge funds.
Board of Trustees
John Adams Morgan has served on the board of trustees for various organizations throughout his career. Some notable positions he has held include:
- Groton School: Morgan served as a trustee for Groton School, his alma mater. The Groton School is a prestigious preparatory school located in Massachusetts.
- Mystic Seaport Museum: Morgan was a trustee of the Mystic Seaport Museum, an organization dedicated to preserving and promoting America’s maritime heritage.
- Intrepid Sea, Air & Space Museum: Morgan served on the board of trustees for the Intrepid Sea, Air & Space Museum, which is located in New York City and showcases the aircraft carrier USS Intrepid.
- American Museum of Natural History: Morgan has also been involved with the American Museum of Natural History in New York City, serving as a trustee.
Philanthropy
John Adams Morgan has been actively involved in philanthropic endeavors throughout his life. He has supported various charitable organizations and causes, including:
- Morgan Adams Foundation: Morgan and his ex-wife, Sonja Morgan, founded the Morgan Adams Foundation. The foundation is dedicated to raising funds and awareness for pediatric cancer research.
- American Red Cross: Morgan has been a supporter of the American Red Cross, an organization that provides disaster relief and humanitarian aid.
- Environmental Conservation: Morgan has expressed a deep interest in environmental conservation and has contributed to initiatives focused on preserving natural habitats and protecting endangered species.
Net Worth
As of the knowledge cutoff in September 2021, John Adams Morgan’s estimated net worth was $110 million. It’s important to note that net worth can fluctuate over time due to various factors such as investments, business ventures, and market conditions.
Please keep in mind that the information provided here is accurate up until September 2021, and there may have been developments or changes since then.