The $40 trillion national debt is growing while Social Security goes broke—because wealthy Boomers are collecting over $100k in benefits per year SpaceX shares are doing something very unusual. Options traders are taking note Anthropic and Nscale strike $45 billion cloud deal, sources say A troubling recent rogue AI incident is just one reason why the U.K. AI Security Institute deserves far greater scrutiny Manga-inspired theme park to be built near Paris The Iran war could last ‘deep into 2027’ as the Strait of Hormuz isn’t that closed, allowing more oil to leak out—but major escalation is likely soon Forget AI, debt has become the main character on Wall Street as markets just now decided that it’s gotten out of control after years of warnings Tariff refunds are juicing corporate profits and GDP as more tailwinds converge to propel growth to a blistering 4.3% pace, top economist says ‘If your tariff was 0%, there’s no need to commit fraud’: The White House is sounding off on a $112 billion tariff-dodging scheme it made worse U.S. stocks fall after Iran says Strait of Hormuz will remain shut

Larry Gies

Larry Gies

Larry Gies (#807)

Global Rank #807
Country Rank #314
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 #807
Country Rank #314
Net Worth $5.3B
Previous Worth $5.4B
Worth Change -$0.1B
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 -$0.1B -1.9% from previous worth
Previous Net Worth $5.4B
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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