David O took an interest in the family business from a young age, working in a variety of roles around the dealerships as a teenager until he joined the company full-time in 2010. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Horatio Alger Association of Distinguished Americans, Inc. Frederic B. Luddy, Founder of ServiceNow, to Receive 2023 Horatio Alger Award, Michele Y. Kang, Owner of the Washington Spirit, Founder and CEO of Cognosante, to Receive 2023 Horatio Alger Award. At TEC, leadership positions are earned, not given. David Thomson, chairman of media and publishing group Thomson Reuters Corp., is again the wealthiest Canadian and ranks 27th globally with a net worth of US$32.5 billion. It was always important to David that his children played an integral role in shaping the future of TEC. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars., Thanks to the generosity of its Members, the Association awards need-based scholarships to outstanding high school students who are committed to pursuing higher education and giving back to their communities. Amid stock market weakness and global economic certainty, Forbes said the total wealth of its billionaires list declined about US$400 billion from 2018 to US$8.7 trillion. TEC Equipments growth in the dealership industry is unprecedented. David Thompson net worth, salary and career earnings: David Thompson is an American former professional basketball player who has a net worth of $1 million. When typing in this field, a list of search results will appear and be automatically updated as you type. Find low prices. mba The median net worth for the 35-44 group, $91,300, is still more than 16% below the pre-Recession median net worth of $109,430 in 2007. Thompson changed his business's name to TEC Equipment, Inc. in 1983, and through his leadership over the next several decades, it has become one of the top three dealers of new and used trucks and . After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. For more than 70 years, the Horatio Alger Award has been annually bestowed upon esteemed individuals who have succeeded despite facing adversities, and who have remained committed to higher education and charitable efforts in their communities. Benzinga does not provide investment advice. Earlier this year, through hard work, she finally reached that goal. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. David is now joined by his three sons, David O, Chris and William. TEC Equipment was born from an entrepreneurial mindset and tremendous moxie, CEO and president Thompson said. TEC also operates a finance company, insurance brokerage, a truck leasing and rental fleet, collision centers, fuel sales and Wabash Trailer franchises. Swathi Veldandi Design Studio. 750 NE Columbia Blvd, Portland, Oregon, 97211, United States. Our focused strategy has yielded over 40 years of market share growth and financial stability. Horatio Alger Association of Distinguished Americans, Inc. http://www.prnewswire.com/news-releases/david-a-thompson-president-and-ceo-of-tec-equipment-inc-to-receive-2020-horatio-alger-award-300972345.html, Do Not Sell My Personal Data/Privacy Policy. After a few years of studying stand-up comedy . David expanded the business in 1990 by purchasing a factory-owned Mack franchise in Portland, Oregon, then acquired the Volvo franchise four years later. "I have admired the Association's work for years and I'm continuously impressed by the incredible impact a scholarship from this organization can have on the lives of inspiring young people," said Mr. Thompson. The safe play was to pass, Thompson recalled. . About Horatio Alger Association of Distinguished Americans: Founded in 1947, the Horatio Alger Association of Distinguished Americans, Inc. is dedicated to the simple but powerful belief that hard work, honesty and determination can conquer all obstacles. The crew of four comprises two NASA astronauts, a Russian cosmonaut and an astronaut from the UAE. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. Last Updated: February 2023. For more information about Horatio Alger Association and its Member Class of 2022, please visit www.horatioalger.organdfollow the organization onFacebook,TwitterandInstagram. Previously, David was the Remote Vfx Composito r at Ratchet Digital and also held positions at Henningsen Cold Storage Co., Take 5 Productions, Technicolor, Dufferin Gate Productions, Invisible . Four-time NBA All-Star who was selected first overall in the 1975 NBA Draft. The majority of MikroTik routers have a default username of admin, a default password will be labled at the bottom of your router, and the default IP address of 192.168. Recruitment Collateral.TEC Equipment, Inc. matches 60% of your first $4,000 As of today, we have now hired 146 new employeesin contributions each year - if you took full advantage of through the TEC JOB CENTER since our April 11thTEC's 401k Plan match that would be an additional $2,400 launch!per year. Since the scholarship program was established in 1984, the Horatio Alger Association has provided more than $180 million to 27,000 students in need, all of which has been funded solely through the generosity of Association Members and friends. Estate estimated net worth: US$400-500 million Estimated net worth at time of his death: US$20 million (technically his net worth was US$5 million at the time, before inflation. Mr. Thompson and the Member Class of 2020 will be formally inducted into the Association on April 2-4, 2020, during the Association's 73rd Horatio Alger Award Induction Ceremonies in Washington, D.C. David Thompson is an iconic basketball player who has had a long and successful career. Enter the email address you signed up with and we'll email you a reset link. 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. Their proposition centered around the company and family mission for growth and their capacity to shoulder additional responsibility. About the author David I. Bainbridge is Emeritus Professor of Business Law at Aston Business School, Aston University and an honorary member of Hardwicke Building, Lincoln's Inn. We are thrilled to welcome David as a Member.". 2014 Thomson Reuters sales reach $12.6 billion for the year. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. When not buried in data, William takes to the sky, flying following in his fathers footsteps in more ways than one, having obtained his pilots license and enjoying flying planes. He built his business repairing and selling used trucks on a few simple ideas: teamwork, entrepreneurship and being customer-driven. Lea Thompson is a popular actress, director, and television producer from America. Today he oversees TECs full-service real estate development division, leading design and construction through to full occupancy, developing functional, comfortable spaces for TEC. Chris plays a key role in growing Mack and Volvo sales throughout Oregon and Washington while also shaping the future of TEC. David A. Thompson founded TEC Equipment in 1976. Fiber and Copper Multi Tester. . David Thompson was inducted into the Basketball Hall of Fame and the College Basketball Hall of Fame. David Thompson net worth, salary and career earnings: David Thompson is an American former professional basketball player who has a net worth of $1 million. Net worth is the amount by which assets exceed liabilities. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". The family also holds a stake in telecom giant Bell Canada and own the Toronto-based Globe and Mail newspaper. 2022 Acquired the Volvo franchise rights in Omaha and Lexington, NE; Sioux City, IA; and Sioux Falls, SD. Mr. Thompson was just 15 years old when he lost his father. Soon after, he had an opportunity to join Market Transport, a trucking company owned by Peter Stott, a Horatio Alger Association member from the class of 2014. For more information, please visitwww.horatioalger.org. He and his wife Ann established a major annual scholarship program at Oregon State University, providing two four-year scholarships that include coverage for tuition, room, board and senior-year study abroad for students in need. News, articles, and interesting stuff from the College of Business. SEATTLE -- At 32, his professional basketball career apparently over -- partly because of a knee injury -- Thompson resides in King County's North Rehabilitation Facility, serving a 180-day. WASHINGTON, D.C. Horatio Alger Association of Distinguished Americans, Inc., a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, today announced thatDavid A. Thompson,president and CEO ofTEC Equipment, Inc.,has been selected for membership in this prestigious organization. , In addition to his professional success, h, e is a pillar in his community, providing, providing those in need with valuable opportunities and support, established a major annual scholarship program. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. Description: TEC Equipment was founded in 1976 by David Thompson. 2014 Acquired Wabash Trailer franchises in Portland, OR and Fontana and Sacramento, CA. In 2008, he became the chairman of the merged entity, Thomson Reuters. When not at the office, Chris dedicates himself to giving back to his community and getting outside whether traveling, golfing, snowboarding or boating. "It was clear from their nomination that David Thompson and his team at TEC have made a commitment to their employees and the communities they serve," said Jason Cannon, Successful Dealer online editor. * #26 David Thomson & family on the 2022 Billionaires - David Thomson and his family control a media and publishing empire founded by his grandfather Roy . In 1997 TEC expanded into California with the purchase of a used truck center in Fontana. During those early days in Portland, Oregon, TEC Equipment was known as Thompson Equipment Company and its business was buying and selling used trucks and trailers. 2015 Added Wabash Trailer franchise in Stockton, CA, building a new state of the art facility. The annual three-day event honors the achievements of both Members and National Scholars, affording both groups the opportunity to meet and interact as well as exchange stories of hardships and triumphs. He signed with the Denver Nuggets and played from 1975 to 1982 before playing for the Seattle SuperSonics from 1982 to 1984. Heandhis wife Annestablished a major annual scholarship programat Oregon State University, providing two four-year scholarships that include coverage for tuition, room, board and senior-year study abroad for students in need. For more than 70 years, the Horatio Alger Award has been annually bestowed upon esteemed individuals who have succeeded despite facing adversities, and who have remained committed to higher education and charitable efforts in their communities. at Oregon State University, providing two four-year scholarships that include coverage for tuition, room, board and senior-year study abroad for students in need. Sep 1976 - Present46 years 6 months. 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