Satya Nadella went from an H-1B worker to Microsoft CEO. The Trump administration just shut that path for his employees China’s debt interest costs are soaring above U.S. levels and growing faster than any other budget category as Beijing struggles to prop up growth Michigan Senate debate spotlights increase in anti-Muslim rhetoric as midterms race heats up OpenAI publishes solutions to more than 370 outstanding math challenges. The results divide mathematicians but most agree: math will never be the same It’s ‘more likely than not’ humanity loses control: Former AI insiders testify safety fixes may be ‘duct tape that will fall off later’ MAGAnomics is starting to look uncomfortably like Bidenomics Trump reiterates pledge to send $5,000 checks, and hands out smaller payments, as midterm elections loom Respect and laughs as Fury and Joshua face off After months of ‘hell,’ an OpenAI safety researcher suggests way to prevent more rogue AI incidents New Lancashire CEO Kenyon to lead review of club

Larry Gies

Larry Gies

Larry Gies (#831)

Global Rank #831
Country Rank #336
Country United States

Larry Gies is listed among the world billionaires tracked by Iconic Billionaires.

  • $ 5 B
  • private equity
  • United States
  • M
  • 60 Years

Snapshot

Quick Facts

Global Rank #831
Country Rank #336
Net Worth $5.2B
Previous Worth $5.2B
Worth Change +$0.0B
Country United States
Industry private equity
Age 60 Years
Gender M
Last Refreshed 12 Sep 2026, 12:00 AM
Residence Geneva, Illinois
Citizenship United States
World Billionaires List United States Billionaires private equity

Profile Data

Personal Stats

Age 60
Source Of Wealth private equity, Self Made
Self Made Score 9
Philanthropy Score 1
Residence Geneva, Illinois
Citizenship United States
Net Worth Change +$0.0B +0.0% from previous worth
Previous Net Worth $5.2B
Current Net Worth $5.2B

About Me

Larry Gies is the founder and CEO of Chicago-based Madison Industries, a private equity firm he has built through dozens of acquisitions and rollups across the industrial sector. Gies was born in Mendota, Illinois, to a father who worked at a manufacturing company and a Dutch mother who was orphaned during World War II. Gies started his career as an accountant at Touche Ross (now Deloitte) before working under investor Michael Heisley, where he learned how to acquire and run underperforming companies. He started PE firm Madison Capital Partners in 1994 by maxing out ten credit cards and taking a $50,000 loan from a high school friend while his wife worked three jobs. He has invested in everything from air filtration systems to medical simulation companies, and is chairman of HVAC company Madison Air, which went public in 2026 in the largest industrial IPO in decades.

Insights

Did You Know?

Gies gave $150 million to his alma mater, the University of Illinois, which renamed its business school for him in 2017. He also gave Illinois $100 million in 2025.

Wealth Growth

Net Worth Growth Over Time

Tracking Larry Gies's net worth journey over the years, highlighting key growth phases and financial milestones.

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