British army told to stop non-essential training exercises to save money Hugging Face goes from a ‘scrappy’ startup named after an emoji to $13 billion Nvidia acquisition AI visionary Ray Kurzweil is joining a Silicon Valley startup developing a brain computer system that involves snorting nano particles The IRS slashed its staff. One result? More taxes going uncollected Big tech is investing millions in data centers and saving a quick tax buck while doing it—leaving some states collecting revenue loss GoPro joins AI bonanza with pivot into data centers as shares skyrocket 38% The Pentagon is giving 3 million military and civilian workers access to ChatGPT and Grok through a secure AI platform built for ‘warfighter needs’ Penn. Gov. Shapiro says too many data center developers 'don't care about our communities' OpenAI to end model access to Cursor after acquisition by Elon Musk's SpaceX The $40 trillion national debt is growing while Social Security goes broke—because wealthy Boomers are collecting over $100k in benefits per year

Larry Gies

Larry Gies

Larry Gies (#813)

Global Rank #813
Country Rank #318
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 #813
Country Rank #318
Net Worth $5.3B
Previous Worth $5.3B
Worth Change +$0.0B
Country United States
Industry private equity
Age 60 Years
Gender M
Last Refreshed 24 Aug 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
Residence Geneva, Illinois
Citizenship United States
Net Worth Change +$0.0B +0.0% from previous worth
Previous Net Worth $5.3B
Current Net Worth $5.3B

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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