Chairman, Winnick & Co.
THE LATEST: After acquiring a minority stake in digital entertainment company Qello in 2017, Winnick & Co. spun off the app-maker’s live-music streaming subsidiary Qello Concerts last year to Montreal-based Stingray Digital Group Inc.
BACKGROUND: Winnick founded his private investment firm in 1985. The firm works with entrepreneurs and early stage businesses in sports, digital media, entertainment, technology, software, financial services, telecommunications, health care and real estate. Winnick was No. 45 on the Business Journal’s 2018 list of Wealthiest Angelenos with an estimated net worth of $1.5 billion. In 2002, Winnick made $734 million from the sale of stock in Global Crossing, a telecommunications company he founded. He started his career at Drexel Burham Lambert.
WORTH NOTING: Winnick is on the boards of the Simon Wiesenthal Center and the Museum of Modern Art. He also chairs the Winnick Family Foundation. His wife, Karen Winnick, is the author of nine children’s book. The couple supports a number of environmental, animal-rights, health care and Jewish causes.
YEARS ON THE LA500: 4
