This article needs additional citations for verification. (September 2024) |
Neil S. Hirsch (June 7, 1947 – June 24, 2021) was an American businessman, entrepreneur and philanthropist. He was the founder of Telerate, a pioneering global financial communications network, as well as Loanet, a securities-tracking firm.
Neil S. Hirsch | |
|---|---|
 Hirsch in February 2005 | |
| Born | June 7, 1947 St. Louis, Missouri |
| Died | June 24, 2021 (aged 74) Wellington, Florida |
| Occupation | Entrepreneur |
| Spouse | |
| Parent(s) | Harold Hirsch, Ida Bell Hirsch |
| Relatives | Emmett Shear |
Hirsch was a prominent figure in the equestrian world, owning the Black Watch Polo Team and co-founding the Bridgehampton Polo Club.
Career
editAt the age of 21, Hirsch dropped out of the University of Bridgeport to pursue his entrepreneurial ambitions. In 1969, Hirsch founded Telerate, a global communications network that provided real-time financial information to institutions worldwide.[1] Under Hirsch's leadership as president and chief executive, Telerate became a crucial platform in the financial services industry.[2] By 1990, the company was sold to Dow Jones & Company for over $1.5 billion, marking one of the most successful business deals of its time.[1]
Hirsch later founded Loanet, a firm that specialized in securities-tracking, and served as its chairman.[3] Loanet had become a dominant player in the US securities lending market by the time Hirsch sold to SunGard Data Systems in 2001,[4] bolstering Hirsch’s reputation as an innovator in financial technology.
In December 2013, Hirsch expanded his business portfolio by purchasing Backstage magazine and Sonicbids, companies that served the entertainment and music industries. Hirsch's RZ Capital sold its share of these ventures in 2018.
Personal life
editIn 1973, he married Caroline Hirsch. In 1981, the couple acquired Carolines on Broadway, a former New York comedy club. After a 14-year union, they separated and divorced in 1988.[5]
In 1999, Hirsch purchased the Player's Club Restaurant in Wellington, Florida.[6]
Polo
editIn 1995, Hirsch co-founded the Bridgehampton Polo Club with his childhood friend Peter M. Brant.[7][8] The club quickly attracted top players.[9] Hirsch served as its president for many years, until he sold his share to Peter Brant in 2011.[citation needed]
Hirsch also founded the Black Watch Polo Team, which became notable for star players such as Nacho Figueras, Facundo Pieres and Mariano Aguirre.[10] Ralph Lauren became the team's corporate sponsor in 2007, following Figueras' role as the face of Ralph Lauren's Black Label clothing line and the Polo Black fragrance line.[11]
Hirsch's impact on polo, particularly in Bridgehampton and Wellington, helped elevate the sport’s visibility in the U.S. Hirsch was also an advocate for anti-doping legislation in equestrian sports.[12]
Philanthropy
editHirsch was a notable philanthropist recognized for his significant contributions to the Wellington community. In 2012, Hirsch donated $1.5 million to help build the village's Neil S. Hirsch Family Boys & Girls Club.[13]
References
edit- ^ a b Leitzes, Adam & Joshua Solan "A Pioneer's Perspective", Forbes Magazine, December 28, 2000.
- ^ Reuters, "The Media: Dow Jones Makes an Offer for Remainder of Telerate", The Los Angeles Times, September 22, 1989.
- ^ Stern, Jared Paul Stern "Hamptons Heat Wave: The Mile-High Club", New York Magazine; accessed September 15, 2016.
- ^ Natarajan, Niki (June 11, 2001). "SunGard grows with Loanet deal". Financial News London.
- ^ Gallo, Hank (March 1, 1992). "Caroline's". Daily News. pp. 14–16.
- ^ Park, Louis Hillary (March 11, 2001). "Polo fans game for Hirsch's Players Club". Palm Beach Daily News. pp. A1, A12.
- ^ Bensimon, Kelly Killoren (August 17, 2010). "My Polo – Mercedez Benz Bridgehampton Polo". kellykillorenbensimon.com. Archived from the original on 2016-09-19.[better source needed]
- ^ "They've Got Game". New York Magazine. August 19, 2002.
- ^ Sicha, Choire (July 25, 2005). "The Polo Crashers". The New York Observer.
- ^ Webbe, Alex (February 25, 2007). "Whitney showdowns today to decide semifinal lineup". Palm Beach Daily News. pp. A6.
- ^ Tschorn, Adam (July 25, 2010). "Polo's Advocate". Los Angeles Times. pp. P2.
- ^ Padgett, Tim (April 23, 2009). "The Dead Polo Ponies and Their Millionaire Owner". Time. Archived from the original on 2009-04-26.
- ^ Malek, Mitra. "Polo team founder donates $1.5 million to new Wellinton Boys & Girls Club". The Palm Beach Post. Retrieved 2024-09-18.