BillionaireNet
Brown
J. Hyatt Brown
Rank #1276
UNITED STATESFinance & InvestmentsInsurance

J. Hyatt Brown

Net Worth
$3.171B
+0.51% (24h)
J. Hyatt Brown, born in 1937, is an 88-year-old American billionaire businessman and politician from the US. His source of wealth stems from the insurance industry. Brown's career began in the insurance sector before founding Brown & Brown in 1961, which grew into a major insurance brokerage. He served in the Florida House of Representatives from 1972 to 1980, including a term as Speaker. Today, he is the chairman of Brown & Brown, holding an estimated net worth of $3.1 billion.

The Full Dossier

Early Life

J. Hyatt Brown was born on July 12, 1937, in Orlando, Florida, and grew up in Daytona Beach. He attended the University of Florida. His early life set the stage for his future involvement in both business and politics, shaping his career path and community contributions.

Rise to Success

Brown began his career in the insurance industry. In 1961, he founded Brown & Brown, Inc., which grew from a local, family-owned business into a firm with over 15,000 employees and 500 locations worldwide. The company's success is attributed to strategic acquisitions and a focus on client relationships. Brown's leadership turned Brown & Brown into one of the largest independent insurance brokerages in the U.S.

Key Business Strategies

Brown's business strategies included aggressive commercial account acquisition. Under his guidance, the firm adopted a decentralized model in 1980, empowering local teams and fostering an entrepreneurial culture. This approach, coupled with a commitment to integrity, innovation, and employee empowerment, drove Brown & Brown's sustained growth.

Philanthropy

J. Hyatt Brown has made significant philanthropic contributions, including donations to Stetson University and Daytona Beach's Museum of Arts and Sciences. He has consistently supported educational and cultural initiatives, demonstrating a commitment to community development.

Career Timeline

2009

Retired as CEO of Brown & Brown

Retired from the CEO position, remaining as chairman.

1978-1980

Speaker of the Florida House

Served as the Speaker of the Florida House of Representatives.

1972-1980

Florida House of Representatives

Served as a member of the Florida House of Representatives for the 31st district.

1961

Founded Brown & Brown

Established Brown & Brown as an insurance agency.

Philanthropic Impact

Arts & Culture$13M

Museum of Arts and Sciences

Donated to the Museum of Arts and Sciences in Daytona Beach for the construction of the Brown Museum.

Education$18M

Stetson University

Made a substantial donation to Stetson University.

Community Development$15M

Daytona Beach Riverfront Park

Pledged funds to improve Daytona Beach's Riverfront Park.

Wealth Trajectory