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Herbert Wertheim

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Herbert A. Wertheim
Born (1939-05-23) May 23, 1939 (age 85)
Philadelphia, Pennsylvania, U.S.
EducationUniversity of Florida
Southern College of Optometry
OccupationBusinessman
Known forFounder of Brain Power Incorporated

Herbert A. Wertheim (born May 23, 1939) [1] is an American optometrist, inventor, billionaire businessman, and philanthropist. He is the founder and president of Brain Power Incorporated (BPI).

He has been chairman of the Dr. Herbert and Nicole Wertheim Family Foundation since 1977. Wertheim serves as the Founding Chairman of the FIU Herbert Wertheim College of Medicine, as advisor to The Nicole Wertheim College of Nursing and Health Sciences at Florida International University, and as honorary chairman of The Herbert Wertheim College of Engineering at the University of Florida.

Early life (1939–1957)

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Wertheim was born on May 23, 1939, in Philadelphia to Jewish parents. His father immigrated from Europe in 1907 while his mother was born in Brooklyn. In 1945, he and his family moved to Miami Beach, Florida. They later moved to an apartment above the family's bakery. He was diagnosed with dyslexia. At age 16, he faced a judge on truancy charges before enlisting in the United States Navy and being stationed in San Diego.[1][2] He studied physics and chemistry in the Navy before working in naval aviation. It was here where he made his first investment, buying stock in the aviation company Learjet. Wertheim is married to his wife, Nicole, for 50 years.[3] Wertheim has two children, Erica Wertheim and Vanessa Wertheim.[4]

Education

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Wertheim is a graduate of Brevard Community College (now Eastern Florida State College) and the University of Florida, where he studied electrical engineering. He also received a B.S. in optical engineering and a Doctor of Optometry from the Southern College of Optometry.[2] He has nine patents.[5]

Philanthropy

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Florida International University

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Wertheim was chairman of the Florida International University Foundation from 1988 through 2001. He was a founding member of the Florida International University board of trustees at its establishment by the Florida Legislature in 2000 and was reappointed for a second term in 2003. As chairman of FIU's Academic Affairs Committee he won approval of the University's Trustees for the Medical College and was asked to chair the Medical College Initiative. After a multi-year legislative campaign including community and university involvement, the FIU Medical College was established.

FIU College of Medicine Logo

In May 2009, the Dr. Herbert and Nicole Wertheim Family Foundation made a $20 million contribution[6][7] which becomes $40 million with state matching funds to establish multiple endowments including eight endowed chairs for the Medical College. In June 2009, the FIU Board of Trustees named the new college the Herbert Wertheim College of Medicine in his honor and named him Founding Chairman of the College of Medicine and Trustee Emeritus of the University.

Wertheim and his wife Nicole have enabled gifts of millions of dollars to the University's music, theater, dance, and business educational programs. These include the 585-seat Concert Hall and a 300-seat mainstage theatre at the Herbert and Nicole Wertheim Performing Arts Center (WPAC) at FIU.[8] In September 2013, FIU named the Nicole Wertheim College of Nursing and Health Sciences in honor of Wertheim's wife Nicole.[9][10]

University of Florida

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In October 2015, the University of Florida announced the naming of the Herbert Wertheim College of Engineering in honor of the Wertheim Family Foundation's gift of $50 million, which will, among other things, fund an 80,000 sq.ft. Engineering Innovation building and foster collaboration between the University of Florida and Florida International University.[11][12][13][14]

In October 2022, he donated $100 million to the University of Florida Health's Scripps Institute, and it was renamed Herbert Wertheim UF Scripps Institute for Biomedical Innovation & Technology.[15]

University of California San Diego

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In 2018, the Herbert and Nicole Wertheim Family Foundation made a $25 million donation to the University of California San Diego to establish a school of public health.[16] As a result, The Hubert Wertheim School of Public Health and Human Longevity Science was founded in 2019.[17]

Other charitable activities

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Wertheim has served as a member of the University of Miami Citizens Board, Dade County Zoological Society, American Heart Association, Lighthouse for the Blind and the Boy Scouts of America. He was a founder of the Friends of Vail and the Vail Valley Citizen of the Year awards. He has also been a board member of the Vail Valley Foundation. He served on the board of the International SeaKeepers Society, an organization of yacht owners that collect scientific data using their boats and crew and then broadcast the data by satellite to universities and governments around the world.[citation needed]

He has served as chairman of the Dr. Herbert and Nicole Wertheim Family Foundation since 1977. It has supported hundreds of local and international educational, cultural, sporting and health care organizations around the world with millions of dollars in financial aid and grants. In 1987 the Foundation was the founding benefactor of the Koala and Asian River Otter projects at Miami MetroZoo.[18] It funded the building of the public radio station in Vail, Colorado and educational TV repeaters in the Vail Valley. The Wertheim Foundation was the first to fund a five-year PBS contract for National Geographic and ten other science and cultural programs for WPBT Miami Public Television.[citation needed]

Awards and recognition

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In April 2011, Wertheim was inducted into the Horatio Alger Association in recognition of his personal and professional successes despite his humble and challenging beginnings.[19]

The La Jolla Institute for Allergy and Immunology elected Wertheim to serve as a director and research advisor in July 2013.[20]

References

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  1. ^ a b Berg, Madeline (February 19, 2019). "The Greatest Investor You've Never Heard Of: An Optometrist Who Beat The Odds To Become A Billionaire". Forbes.
  2. ^ a b "Herbert Wertheim - University of Florida Alumni Association". connect.ufalumni.ufl.edu. Retrieved 2024-02-15.
  3. ^ Berg, Madeline. "The Greatest Investor You've Never Heard Of: An Optomestrist Who Beat the Odds to Become a Billionaire". Forbes.com. Retrieved 2020-05-20.
  4. ^ Cohen, Howard. "Florida International University receives record $10 million gift for its music school". Miami Herald. Retrieved 2020-05-20.
  5. ^ admin (2018-04-10). "Herbert Wertheim". Florida Inventors Hall of Fame. Retrieved 2024-05-12.
  6. ^ Vasquez, Michael (June 12, 2009). "FIU's $20M gift finally within sight". The Miami Herald. p. 1A Front.
  7. ^ Meadows, Gail (August 9, 1998). "Entrepreneur's Generosity Makes Wishes Come True At FIU". The Miami Herald. p. 1I Arts.
  8. ^ "History". FIU: The Herbert and Nicole Wertheim Performing Arts Center. Florida International University. Retrieved February 5, 2018.
  9. ^ "A gift of love: His and hers health colleges". FIU News. Florida International University. September 25, 2013.
  10. ^ Nicole Wertheim College of Nursing & Health Sciences, Annual Report, 2013–14, Florida International University, January 12, 2016
  11. ^ UF College of Engineering (October 1, 2015). "$300 million University of Florida College of Engineering transformation begins with $50 million naming gift". UF News. University of Florida.
  12. ^ "Herbert Wertheim uses family's philanthropy to spur collaboration between Florida's two major research universities". UF News. University of Florida. October 15, 2015.
  13. ^ Teproff, Carli (September 29, 2015). "Miami philanthropist donates $50 million to UF's College of Engineering". The Miami Herald. p. Miami Dade section.
  14. ^ "Local Philanthropist Donates $50M to UF". The Miami Herald. September 30, 2015.
  15. ^ Greenberg, Susan H. (13 October 2022). "$100 Million Gift for U of Florida Biomedical Research". Inside Higher Ed. Retrieved 13 October 2022.
  16. ^ City News Service (23 October 2018). "UC San Diego receives $25 million to start School of Public Health". ABC 10 News San Diego. Scripps Media, Inc. City News Service. Retrieved 13 October 2024.
  17. ^ "Who We Are". UC San Diego. Regents of the University of California. Retrieved 13 October 2024.
  18. ^ Dunlop, Beth (August 3, 1990). "What's New At The Zoo: Amid The Mist And The Sounds Of The Jungle, You'll Discover The Fun Of Asian River Life". The Miami Herald. p. 13G Amusements.
  19. ^ Tasker, Georgia (December 11, 2005). "FIU's Biggest Donor Was a Boy with Holey Shoes". The Miami Herald. p. 1A.
  20. ^ "La Jolla Institute elects esteemed optometry industry leader to board of directors" (Press release). San Diego, California: La Jolla Institute for Allergy and Immunology. July 17, 2013. Archived from the original on April 19, 2016. Retrieved May 23, 2016.
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