I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". Mr.Thompson and the Member Class of 2022 will be formally inducted into the Association on April 7-9, 2022, during the Associations 75thHoratio Alger Award Induction Ceremonies in Washington, D.C. 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. As of 2022, David Thompson's net worth is $1 million. Ikkat Pure Silk Pochampally Lehanga Designs Online Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, TEC Equipment headquarters are located in 750 NE Columbia Blvd, Portland, Oregon, 97211, United States, TEC Equipments main industries are: Automobile Dealers, Retail, Consumer Services, Car & Truck Rental, Retail, Automobile Parts Stores, TEC Equipment appears in search results as Tec Equipment, Tec Equipment Inc, TEC Inc, International Organization for Standardization, Web Hypertext Application Technology Working Group, Get Free Access to TEC Equipment Contacts Info. We have estimated David Thompson's net worth , money, salary, income, and assets. Following his honorable discharge from the Army, Mr. Thompson returned to work at Midwest Coast Transport, Inc. as a sales representative, and was transferred to Portland, Oregon. With 30+ locations along the I-5 corridor, throughout the Midwest and beyond. Through the generosity of its Members and friends, in 2019, the Association awarded more than $21 million in undergraduate and graduate need-based scholarships to 2,500 students across the United States and Canada, and provided college support and mentoring services to its Scholars. David is now joined by his three sons, David O, Chris and William. For more information, please visit www.horatioalger.org. David Thompson founded TEC Equipment in 1976. Biden said he believes his plan to forgive millions of borrowers student loans is on the right side of the law, a day after the courts conservative majority seemed highly skeptical of the Bidens Administrations argument for the debt relief program. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. 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. He also worships the God and participates in all festivals. 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. "In addition to his professional success, he is a pillar in his community, providing those in need with life-changing opportunities through his philanthropic efforts and generous contributions. David expanded the business in 1990 by purchasing a factory-owned Mack franchise in Portland, Oregon, then acquired the Volvo . The safe play was to pass, Thompson recalled. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) 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. However, there is an industry that might be most affected . Mr. Thompson was just 15 years old when he lost his father. 2022 Acquired two leasing locations in Seattle, WA and Kent, WA. Their proposition centered around the company and family mission for growth and their capacity to shoulder additional responsibility. "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. Long Dress made out of Managalagiri saree. David A. Thompson founded TEC Equipment in 1976. In calculating net worth, Bloomberg . Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest people. He signed with the Denver Nuggets and played from 1975 to 1982 before playing for the Seattle SuperSonics from 1982 to 1984. Following his honorable discharge from the Army, Mr. Thompson returned to work at Midwest Coast Transport, Inc. as a sales representative, and was transferred to Portland, Oregon. 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. She receives most of her income from her diverse, well-paying career. Learn more. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.. Over 1,000 Low Everyday Prices, now locked until Easter. The family's biggest holding: more than 320 million shares of Thomson Reuters, where Thomson serves as chairman. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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 Equipment, Inc. is proud to representVolvoandMack trucks, and Wabash Trailers, as a franchise dealer in key markets across the West. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. Get the latest business insights from Dun & Bradstreet. David A. Thompson, President and CEO of TEC Equipment, Inc., to Receive 2022 Horatio Alger Award . David Thompson was born in Shelby . 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. David Anthony Thompson (born 12 September 1977) is an English football pundit currently working for the BBC. The second generation started working at TEC as teenagers doing menial labor. May 4, 2022. Mr.Thompsonis passionate aboutbetteringhiscommunityandproviding those in need with valuable opportunities and support. as of 2/28/23 . Here's a list of some of the top trending technologies and APIs used by TEC Equipment. Thomson has a diverse art portfolio reported to include pieces from Pablo Picasso and the world's top collection of English romantic painter John Constable. 86% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our. 2003 Purchased the Volvo and Mack franchises for Eugene, OR and Medford, OR. CAUTION - Before you proceed, please note: By clicking accept you agree that our review of the information contained in your e-mail and any attachments will not create an attorney-client relationship, and will not prevent any lawyer in our firm from representing a party in any matter where that information is relevant, even if you submitted the information in good faith to retain us. Hints and clues to help you with today's Wordle. Following his honorable discharge from the Army, Mr. Thompson returned to work at Midwest Coast Transport, Inc. as a sales representative, and was transferred to Portland, Oregon. He pledged $5 million to Legacy Health for the construction ofitscardiologyand patientcenter,andhas made contributions toOregon Harbor of Hope and the Oregon Food Bank. Corvallis, Oregon 97331 Salary in 2022. 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. Thompson played as a midfielder, though he had to retire aged 29 through an osteochondral defect of the left knee sustained at age 25. Horatio Alger Members are part of a select group of individuals who have experienced a wide spectrum of what life can offer. David O'Neil Thompson (born July 13, 1954) is an American former professional basketball player. TEC Equipment was born from an entrepreneurial mindset and tremendous moxie, CEO and president Thompson said. In this third program of the Family Business Study Group Series, we heard from David Thompson, CEO of TEC Equipment, Inc., and each of his sons about how his focused strategy has yielded over 30 years of profitability, market share growth, and financial stability and the planning that has supported this growth. David Thomson's net worth as of February 2023 is a massive $32 billion. Search and display advertising arent the only parts of the marketing landscape that have changed over the past three years. SpaceX Rocket Launches Crew Of Four To International Space Station, Newcastle United Target FC Barcelona Raphinha Signing In $320 Million Spending Spree - Reports, Philippine Tycoon Edgar Saavedras Megawide To Build $300 Million Data Center In Digital Pivot. TECs expansion from a single used truck center to 22 franchised dealerships and three used truck centers and 1,000 employees has not followed a traditional path. 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. Experience everything from fine dining and historic restaurants to local cafes and neighborhood eateries. And the portfolio of investments is $50,000. Thompson was drafted #1 overall by the Atlanta Hawks in the 1975 NBA Draft and was also #1 in the ABA draft. 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. This sparked his interest in the automotive industry, and a year later, he became a junior mechanic at a Chevrolet dealership and got a job as a truck driver. Linda also bags quite vast amounts of money from her endorsements and making public appearances as well as monetizing herself on social media platforms. We are thrilled to welcome David as a Member.". mba View David O. Thompson's profile on LinkedIn, the world's largest professional community. The acquisition also includes the rights for TEC to take over as Omahas Hino dealer in the, Julie Sandoval has spent her entire career working towards one goal, becoming parts manager of our Oakland location. WASHINGTON, Dec. 10, 2019 /PRNewswire/ --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 that David A. Thompson, president and CEO of TEC Equipment, Inc., has been selected for membership in this prestigious organization. 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. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. The story illustrates why TEC Equipment was chosen as the winner for Generational Development in the 2021 Excellence in Family Business Awards. Since the scholarship program was established in 1984, the Horatio Alger Association has provided more than $1235 million to 35,000 students in need, all of which has been funded solely through the generosity of Association Members and friends. He played with the Denver Nuggets of both the American Basketball Association (ABA) and National Basketball Association (NBA), as well as the Seattle SuperSonics of the NBA. TEC Equipment. In addition to new and used truck and trailer sales, parts, and service, our dealerships provide truck leasing and rental, financing, insurance, and auto transport equipment sales and service. *All monies raised between 20 February and 5 March 2023 will be split equally amongst the three charities. Todays Wordle #621 Hint, Clues And Answer For Thursday, March 2nd, AEW Dynamite Results: Winners And Grades On March 1, 2023, What Brands Need To Know: Social Marketing In 2023, Teslas Investor Day Is Long On Time, Short On Useful New Details, Biden Not Confident Supreme Court Will Uphold Student Debt Cancellation, Celta Vigo Star Gabri Veiga Is Alerting Wealthy Teams In The Premier League, RFK Killer Sirhan Sirhan Denied Parole For 16th TimeReversing 2021 Decision, 2022 Billionaires: Cities With The Most Billionaires, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Mr. 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 trailers in the country. He was a 6'4 shooting guard and small forward who played at Crest High School. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. I imagine that business will continue that way for generations to come., Number of generations to work in the family business: 2, Number of family members working in the business: 4, Last family vacation destination: Palm Springs, Favorite restaurant for family dinner: RingSide Steakhouse, Name and firm of most helpful family business professional that you would recommend to other family businesses: Pat Green, attorney, Best business decision: Buying property versus leasing, alumni awards Review this Movie. 2023 Celebrity Net Worth / All Rights Reserved. William joined TEC in 2014 after earning a degree in Business Administration from Oregon State University and a degree in Supply Chain Management from Lund University in Lund, Sweden. Attorney Advertising. a UEFA A and B licensed coach working towards his professional licence. CONTACT: David Thompson's income source is mostly from being a successful Player. Today, with 25 facilities in 21 cities, TEC Equipment owns all the Volvo & Mack Truck franchises in Oregon, Washington, Nevada and California (except Sacramento), making TEC the largest multi-point Volvo, Mack, and GMC Truck dealership group in the United States, and 5th largest of all U.S. truck dealers. "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. Michael Jordan asked David Thompson to introduce him for him his NBA Hall of Fame induction. 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. 1999 Acquired the Mack Los Angeles, CA franchise. Oregon business After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. The TEC network consisted of 28 locations across five states until in 2022, TEC made its first foray into the Midwest, acquiring four Volvo dealership locations in Nebraska, Iowa and South Dakota. TEC Equipment has focused its growth strategy along the Interstate 5 corridor. 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. As of February 2023, Linda Thompson has a calculated net worth of more than $30 million. David Thompson played his college basketball at NC State and his #44 was retired. as a truck driver for Midwest Coast Transport, Inc. completion of his bachelors degree in business, Mr. Thompson served in the U.S. Army, where he was assigned to the Armys Provost Marshalls Office inVietnam, andserved one and a half tours as a criminal investigator. In 2020, he was listed as the wealthiest person in Canada. Fax: 541-737-4890, Phone: 541-737-2551 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. Good Bye Lenin! Since 1984, the Association has awarded more than $235 million in undergraduate, graduate, military veteran and career and technical education scholarships to more than 35,000 deserving students. For more information about TEC Equipment, visit theirwebsite. Total Liabilities = $258.6 Bn. David A. Thompson founded TEC Equipment in 1976. Through an economy collapse in 1981 and impending company foreclosure, Mr. Thompson prevailed and purchased a repossessed fleet of 102 trucks, which he resold for a profit to save Thompson Equipment Company. Industry: Vehicle Dealers. 1998 Acquired the Mack Ontario, CA franchise. David Thompson founded TEC Equipment in 1976. About Us; Staff; Camps; Scuba. All rights reserved. What would be his net worth at this juncture? Reflects change since 5 pm ET of prior trading day. Fake Nationality: The actors playing West Germans Denis and Rainer are from East Germany, while those playing Alex and Arianne are from West Germany, and the actor playing "Sigmund Jhn" is Swiss. 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. During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. by Sabine Bickford. "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. Through the generosity of its Members and friends, in 2019, the Association awarded more than $21 million in undergraduate and graduate need-based scholarships to 2,500 students across the United States and Canada, and provided college support and mentoring services to its Scholars. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. A negative net worth suggests there are parts of your financial life you. To build on their outside exposure and experience, all three participate in other civic activities, including serving on boards, associations and professional groups. David Thompson started buying and selling used trucks out of a small building in Portland in 1976. The Association honors the achievements of outstanding leaders who have accomplished remarkable successes in spite of adversity by bestowing upon them the Horatio Alger Award and inducting them as lifetime Members. The TEC Oakland site was purchased by TEC in 2005. 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. 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