Walter Scott Jr. American businessman

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Walter Scott Jr.
Engr2-scotts.jpg
Suzanne and Walter Scott
Born (1931-05-21) May 21, 1931 (age 89)
Omaha, Nebraska, United States
NationalityAmerican
EducationColorado State University
OccupationFormer CEO, Peter Kiewit Sons' Incorporated
Net worth$4.5 billion (November 2019)[1]
Children6

Walter Scott Jr. (born May 21, 1931)[2] is an American civil engineer, philanthropist, and former CEO of Peter Kiewit Sons' Incorporated.

Education

He graduated from Colorado State University in 1953 with a bachelor's degree in civil engineering.[3]

Career

Scott was first elected to the Peter Kiewit Sons' Incorporated board in 1964. In 1979, he was elected president. When Peter Kiewit died later that same year, Scott was selected to succeed him as chairman.

He sits on the board of Berkshire Hathaway, and is a childhood friend of Warren Buffett.[1] He is also on the board of directors of Burlington Resources, Commonwealth Telephone Enterprises, Level 3 Communications Inc., MidAmerican Energy Holdings, RCN Corporation, Valmont Industries, and Peter Kiewit Sons' Inc, and is the chairman of the Open World Leadership Center at the Library of Congress.[4] He is a director of the Joslyn Art Museum, Nebraska Game and Parks Foundation, and the Omaha Development Foundation. Nationally, he is a director of the Horatio Alger Association and the National Forest Association.

Scott is chairman of Level 3 Communications.[5] The corporation is one of the firms created by the 1998 separation of the two operating divisions of Peter Kiewit Sons' Inc. Since the split-off, Scott now serves as chairman Emeritus of Peter Kiewit Sons', Inc.

Philanthropy

Scott consistently ranks among the wealthiest Americans. With his wife, Suzanne, he founded the public, non-profit Suzanne and Walter Scott Foundation which has funded the Scott Atrium & Education Center at University of Nebraska Medical Center,[6] the Scott Technology Center[7] in Omaha, and The Summit: Bechtel Family National Scout Reserve.[8]

In June 2010, when Warren Buffett appealed to him to join the Giving Pledge, he partially accepted, stating that after his death his remaining estate will go into his eponymous foundation.[9]

In 2011 he committed $10 million to the construction of Engineering II, a $70 million, 122,000 square feet (11,300 m2) building which will house interdisciplinary energy, environment and health programs at Colorado State University.

In November 2016 it was announced Scott would be donating $53.3 million to Colorado State University School of Engineering, CSU's largest ever gift, and that the College of Engineering at CSU will be renamed the Walter Scott Jr. College of Engineering, becoming the only named college of engineering in the state of Colorado.[10]

Collector

In 1996 Scott acquired the original sales document of the Louisiana Purchase for his private collection.[11]

Honors and awards

He became an Eagle Scout in 1946 and is a recipient of the Distinguished Eagle Scout Award.[8]

He received the Golden Plate Award of the American Academy of Achievement in 1991, presented by Awards Council member Dennis Washington.[12] Scott was the Host of the 1998 Achievement Summit in Jackson Hole, Wyoming.

Personal life

Scott's second wife Sue Scott had been a good friend of his first wife, Carolyn, who died in 1983, but did not know Walter. They married in 1987 at their place of worship, Countryside Community Church. Suzanne died in 2013.[13]

References

  1. ^ a b "Walter Scott, Jr". Forbes. Retrieved 26 November 2019.
  2. ^ "Mr. Walter Scott, Jr". Open World Leadership Center. Retrieved 16 March 2018.
  3. ^ "Walter Scott Jr, Biography" (PDF). Colorado State University. Retrieved 15 April 2011.
  4. ^ "Archived copy". Archived from the original on 2011-07-27. Retrieved 2013-01-27.CS1 maint: archived copy as title (link)
  5. ^ "Archived copy". Archived from the original on 2008-05-15. Retrieved 2008-05-28.CS1 maint: archived copy as title (link)
  6. ^ "Archived copy". Archived from the original on 2008-05-17. Retrieved 2008-05-28.CS1 maint: archived copy as title (link)
  7. ^ "Scott Data Center". Archived from the original on 2008-05-23. Retrieved 2008-05-28.
  8. ^ a b Sendor, Julia (October 23, 2010). "Boy Scouts of America New major donors and jamboree dates announced". Raleigh Register-Herald. Retrieved October 29, 2010.
  9. ^ "The Giving Pledge". Givingpledge.org. Retrieved 2016-11-15.
  10. ^ Whaley, Monte. "Colorado State gets record $53 million donation from graduate Walter Scott Jr". The Denver Post. Retrieved 2016-11-15.
  11. ^ "Louisiana Purchase Manuscript Goes on Public Display". News.nationalgeographic.com. Retrieved July 29, 2010
  12. ^ "Golden Plate Awardees of the American Academy of Achievement". www.achievement.org. American Academy of Achievement.
  13. ^ "Suzanne Scott, 'intelligent and energetic philanthropist,' dies at 83". Omaha.com. 2013-09-09. Retrieved 2016-11-15.
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