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Cincinnati financier Carl Lindner Jr. dies

October 19, 2011 • National News


Carl Lindner Jr., chairman of American Financial Group Inc., shown acknowledging the crowd at the Western & Southern Open tennis tournament, Saturday, Aug. 20, 2011 in Mason, Ohio. Lindner has died at the age of 92. (AP Photo/Al Behrman)

CINCINNATI (AP) — Carl Lindner Jr., a publicity-shy Cincinnati financier known for a shrewdness that forged a business empire, was praised Tuesday for his willingness to help worthy causes and for never forgetting his roots.

Linder, whose wide range of businesses over the years included baseball, insurance and banks, died Monday at age 92.

Lindner was surrounded by his wife, sons and other family members when he died of causes related to age, his Cincinnati-based company, American Financial Group Inc., said in a statement Tuesday. A person close to the family told The Associated Press that Lindner had been taken to a hospital gravely ill Monday morning.

Lindner was chairman of American Financial Group, a publicly traded financial holding company now reporting more than $30 billion in assets. In 2009, Forbes magazine estimated Lindner’s personal wealth at $1.75 billion, placing him among the 400 richest Americans.

“We’ve lost a giant,” Ohio Gov. John Kasich said Tuesday.

Lindner doled out millions of dollars to both political parties and to issue campaigns and hosted lavish fundraisers at his Ohio and Florida homes — including one for presidential candidate George H.W. Bush at his home in 1988. He also played host to Bush and Francois Mitterand, then president of France, at his vacation home in Ocean Reef, Fla.

“He was arguably the most politically influential person from the private sector that I’ve ever encountered in politics,” said Curt Steiner, a Republican consultant who served in the administration of former Ohio Gov. George Voinovich.

Lindner became controlling partner and Login to read more

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