BillionaireNet
Jacobson
Mitchell Jacobson
Rank #2199
UNITED STATESManufacturingIndustrial equipment

Mitchell Jacobson

Net Worth
$1.712B
+0.07% (24h)
Mitchell Jacobson, a prominent figure in the industrial equipment sector, is the Non-Executive Chairman of MSC Industrial Direct Co., Inc.. Born in 1950, he is 74 years old as of December 17, 2024. His source of wealth is industrial equipment, with his career beginning in 1976 at MSC Direct, an office and industrial equipment distributor founded by his father. He served as CEO from 1995 to 2005 and has been the non-executive chairman since 2013. Jacobson's achievements include leading MSC Industrial Direct to become a major distributor of industrial equipment. With a net worth of $1.7 billion as of December 2024, he continues to be a key figure in the industry.

The Full Dossier

Early Life and Education

Mitchell Jacobson was born in 1950. He earned a Bachelor of Arts/Science degree from Brandeis University and a law degree from New York University.

Rise to Success

Jacobson's career began in 1976 at MSC Direct, an industrial equipment distributor founded by his father, Sidney Jacobson. He took over as CEO of the Melville, N.Y.-based firm in 1995 and held the position until 2005. Under his leadership, MSC Industrial Direct became a significant player in the distribution of industrial and office equipment worldwide. Currently, he serves as the non-executive chairman of the company.

Key Business Strategies

Jacobson's focus on expanding the client base through catalog sales and, later, through worldwide distribution, were key strategies for MSC Industrial Direct's growth. He has been instrumental in the company's sustained expansion, bringing his experience in industrial distribution and strategic insight.

Philanthropy

Information on Jacobson's specific philanthropic initiatives and amounts is not readily available through the search results.

Career Timeline

2013

Non-Executive Chairman

Became the non-executive chairman of MSC Industrial Direct.

2005

Stepped down as CEO

Concluded his tenure as CEO.

1995

Became CEO of MSC Direct

Took over as CEO of the Melville, N.Y.-based firm.

1976

Began working at MSC Direct

Joined the industrial equipment distributor founded by his father.

Philanthropic Impact

N/A$0

Information not found

Philanthropic details not available.

Wealth Trajectory