Billionaire computer magazine publisher Patrick McGovern dies
McGovern is said to have been worth $5.7 billion, ranking 244 on the list the world's billionaires published by Forbes magazine.
He founded IDG after paying his way through school by working on the first U.S. computer magazine, Computers and Animation. He founded IDG five years later by selling his car for $5,000. His first inspiration was to persuade big computer makers such as Xerox, Burroughes and Univac (hark back to those names!) to pay him to conduct a census of computers around the U.S.
IDG grew to $3.55 billion in annual sales and McGovern retained an 84% stake in the company until his death. Among other legacies, he and his wife Lore gave $350 million to create and fund the McGovern Institute for Brain Research at MIT.
Labels: obituary
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