Thomas Lee, a prominent American billionaire and private equity pioneer, died by suicide at his Manhattan office at the age of 78, according to a report in the New York Post. The businessman was found dead at his Fifth Avenue office on Thursday morning, where he ran his investment firm, Lee Equity.
He was found by a female assistant, lying on the bathroom floor with a self-inflicted gunshot wound to the head. Thomas Lee is survived by his wife and children, who issued a statement expressing their sadness over his death. The statement highlighted his devotion to family, friends, and philanthropy.
Thomas Lee was a renowned figure in the private equity world, having founded Lee Equity in 2006 and Thomas H. Lee Partners in 1974. Over his 46-year career, he invested over $15 billion in hundreds of deals, including the purchase and sale of well-known brands like Warner Music and Snapple Beverages.
He was considered one of the pioneers of leveraged buyouts, a method of purchasing companies using borrowed money. Lee also served on the boards of several institutions, including the Lincoln Center, the Museum of Modern Art, Brandeis University, Harvard University, and the Museum of Jewish Heritage.
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