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{{Short description|American businessman}}
{{Infobox person
{{Infobox person
| name = Brendan Kennedy
| name = Brendan Kennedy
Line 10: Line 11:
* [[Yale University]] }}
* [[Yale University]] }}
| known for = CEO and co-founder, [[Privateer Holdings]]<br /> CEO, [[Tilray]]
| known for = CEO and co-founder, [[Privateer Holdings]]<br /> CEO, [[Tilray]]
| networth = US$2.4 billion (September 2018)<ref name="bloomberg.com"/>
| children = 2
| children = 2
}}
}}


'''Brendan Kennedy''' (born {{birth based on age as of date|46|2018|09|20|mos=1|noage=1}})<ref>{{cite web|url=https://www.afr.com/news/world/peter-thiels-privateer-holdings-wins-big-with-76pc-stake-in-pot-producer-tilray-20180919-h15m4i|title=Peter Thiel rakes in billions with stake in Canadian marijuana company Tilray|author=|date=20 September 2018|website=afr.com|accessdate=20 September 2018}}</ref> is an American [[billionaire]] businessman, CEO and a co-founder of [[Privateer Holdings]], along with [[Michael Blue]] and [[Christian Groh]], and the CEO of [[Tilray]].
'''Brendan Kennedy''' (born {{birth based on age as of date|46|2018|09|20|mos=1|noage=1}})<ref>{{cite web|url=https://www.afr.com/news/world/peter-thiels-privateer-holdings-wins-big-with-76pc-stake-in-pot-producer-tilray-20180919-h15m4i|title=Peter Thiel rakes in billions with stake in Canadian marijuana company Tilray|author=|date=20 September 2018|website=afr.com|access-date=20 September 2018}}</ref> is an American businessman, [[Chief executive officer|CEO]] and a co-founder of [[Privateer Holdings]], along with [[Michael Blue]] and [[Christian Groh]], and the former CEO of [[Tilray]].


==Early life==
==Early life and education==
Kennedy is the sixth of seven children of a [[San Francisco]]-based family.<ref name="moneyinc">{{cite web |last1=Parker |first1=Garrett |title=Brendan Kennedy: The Marijuana Billionaire Who Doesn't Smoke |url=https://moneyinc.com/brendan-kennedy-the-marijuana-billionaire-who-doesnt-smoke/ |website=moneyinc |date=26 January 2019 |access-date=8 February 2021}}</ref>
Kennedy earned a BA from the [[University of California, Berkeley]], an MS in Engineering from the [[University of Washington]], and an MBA from [[Yale University]].<ref>{{cite web|url=https://www.tilray.com/brendan-kennedy/|title=Brendan Kennedy|author=|date=|website=Tilray|accessdate=20 September 2018}}</ref><ref name="bloomberg.com"/>

Kennedy earned a [[Bachelor of Arts|BA]] in architecture from the [[University of California, Berkeley]] in 1993,<ref name="Berkeley">{{cite web |title=From Construction to Cannabis: Alum Brendan Kennedy Leads First Medical Marijuana Company to Go Public |url=https://ced.berkeley.edu/events-media/news/arch-alum-brendan-kennedy-from-construction-to-cannabis |website=Berkeley |access-date=8 February 2021}}</ref> an [[Master of Science|MS]] in Engineering from the [[University of Washington]] in 1995, and an [[MBA]] from [[Yale University]] in 2005.<ref>{{cite web|url=https://www.tilray.com/brendan-kennedy/|title=Brendan Kennedy|author=|date=|website=Tilray|access-date=20 September 2018}}</ref><ref name="bloomberg.com"/><ref name="The Marque">{{cite web |title=Brendan Kennedy |url=https://www.themarque.com/profile/brendan-kennedy |website=The Marque |access-date=8 February 2021}}</ref>


==Career==
==Career==
Kennedy previously worked at SVB Analytics, an affiliate of [[Silicon Valley Bank]], as did [[Christian Groh]].<ref name="bloomberg.com">{{cite web|url=https://www.bloomberg.com/news/articles/2018-09-19/these-three-buds-are-now-billionaires-after-betting-big-on-pot |title=The Pot Rally Just Minted Three New Billionaires |author= Tom Metcalf, Reade Pickert, and Craig Giammona |date=19 September 2018 |website=www.bloomberg.com |accessdate=20 September 2018}}</ref>
Kennedy previously worked at SVB Analytics, an affiliate of [[Silicon Valley Bank]], as did [[Christian Groh]].<ref name="bloomberg.com">{{cite web|url=https://www.bloomberg.com/news/articles/2018-09-19/these-three-buds-are-now-billionaires-after-betting-big-on-pot |title=The Pot Rally Just Minted Three New Billionaires |author= Tom Metcalf, Reade Pickert, and Craig Giammona |date=19 September 2018 |website=www.bloomberg.com |access-date=20 September 2018}}</ref>

He "experimented with cannabis" before founding [[Privateer Holdings]] in 2011.<ref name="moneyinc" /><ref>{{cite web|url=https://www.forbes.com/sites/irisdorbian/2019/12/17/tilray-closes-merger-with-privateer/|title=Tilray Closes Merger With Privateer|website=Forbes|date=December 17, 2019|author=Iris Dorbian|access-date=September 21, 2024}}</ref>

Kennedy founded [[Tilray]] in 2014, originally incorporated under Privateer Holdings and as one of Canada's first licensed producers.<ref name=":2">{{Cite web |title=Tilray's Takeover |url=https://www.cannabisbusinesstimes.com/article/tilray-cannabis-canada-international/ |access-date=2022-03-04 |website=Cannabis Business Times |language=en}}</ref><ref name="hall">{{cite news |author1=Derek Hall |date=20 June 2018 |title=Seattle's Privateer launches $100M IPO for its Canadian marijuana company |work=Seattle Times |url=https://www.seattletimes.com/business/seattles-privateer-launches-100m-ipo-for-its-canadian-marijuana-company/ |access-date=15 January 2021}}</ref> In 2019, Privateer Holdings was merged with Tilray.<ref>{{cite press release | url=https://www.businesswire.com/news/home/20191213005056/en/Tilray-Inc.-Completes-Merger-With-Privateer-Holdings-Inc | title=Tilray, Inc. Completes Merger with Privateer Holdings, Inc | date=13 December 2019 | access-date=17 September 2022 | archive-date=20 September 2022 | archive-url=https://web.archive.org/web/20220920171355/https://www.businesswire.com/news/home/20191213005056/en/Tilray-Inc.-Completes-Merger-With-Privateer-Holdings-Inc | url-status=live }}</ref>


Kennedy is the CEO of [[Tilray]].<ref>{{cite web|url=https://www.forbes.com/sites/irisdorbian/2018/07/20/canadas-tilray-pops-in-milestone-u-s-ipo-debut/|title=Canada's Tilray Pops In Milestone U.S. IPO Debut|first=Iris|last=Dorbian|date=|website=forbes.com|accessdate=20 September 2018}}</ref>
Kennedy served as Tilray's CEO until 2020, when he announced his resignation.<ref>{{cite web|url=https://www.forbes.com/sites/irisdorbian/2018/07/20/canadas-tilray-pops-in-milestone-u-s-ipo-debut/|title=Canada's Tilray Pops In Milestone U.S. IPO Debut|first=Iris|last=Dorbian|date=|website=forbes.com|access-date=20 September 2018}}</ref><ref>{{cite web|url=https://www.sec.gov/Archives/edgar/data/1731348/000119312520323291/d93911dex502.htm|title=Resignation Letter and Release|website=SEC|date=December 15, 2020|author=Brendan Kennedy|access-date=September 21, 2024}}</ref>


==Personal life==
According to [[Bloomberg L.P.]], as of September 2018, Kennedy has a net worth of at least US$2.4 billion.<ref name="bloomberg.com"/>
Kennedy has two children, and lives in Seattle.<ref name="Fortune">{{cite news |last1=Wieczner |first1=Jen |title=The marijuana billionaire who doesn't smoke weed |url=https://fortune.com/longform/marijuana-weed-cannabis-tilray-stock/ |access-date=8 February 2021 |work=Fortune |date=January 16, 2019}}</ref> He has said that "probably the hardest thing" about becoming rich was telling his in-laws.<ref name="The Times">{{cite news |last1=Rhys Blakely |first1=Rhys Blakely |title=Brendan Kennedy: from Silicon Valley to legal cannabis billionaire |url=https://www.thetimes.co.uk/article/brendan-kennedy-from-silicon-valley-to-legal-cannabis-billionaire-mdkqndl6h |access-date=8 February 2021 |work=The Times |date=October 26, 2019}}</ref>
===Net worth===
According to [[Bloomberg L.P.]], as of September 2018, Kennedy has a net worth of at least US$2.4 billion.<ref name="bloomberg.com"/> In 2019, his total compensation from Tilray was $3.48 million, down from $31.82 million in 2018.<ref name="marketwatch">{{cite news |last1=Kilgore |first1=Tomi |title=Tilray CEO Brendan Kennedy gets a 35% raise in base pay in 2019, but total compensation tumbles |url=https://www.marketwatch.com/story/tilray-ceo-brendan-kennedy-gets-a-35-raise-in-base-pay-in-2019-but-total-compensation-tumbles-2020-04-30 |access-date=8 February 2021 |work=marketwatch |date=April 30, 2020}}</ref> Tilray stock later collapsed and as of February 2021, Kennedy is worth $238 million.<ref>{{Cite web|title=Brendan Kennedy Net Worth (2021) – wallmine.com|url=https://wallmine.com/people/64826/brendan-kennedy|access-date=2021-02-02|website=wallmine.com|language=en}}</ref>


==References==
==References==
{{Reflist}}
{{Reflist|2}}


{{Authority control}}
{{Authority control}}

Latest revision as of 04:46, 22 September 2024

Brendan Kennedy
Born1971 or 1972 (age 52–53)
NationalityAmerican
Education
Known forCEO and co-founder, Privateer Holdings
CEO, Tilray
Children2

Brendan Kennedy (born 1971 or 1972)[1] is an American businessman, CEO and a co-founder of Privateer Holdings, along with Michael Blue and Christian Groh, and the former CEO of Tilray.

Early life and education

[edit]

Kennedy is the sixth of seven children of a San Francisco-based family.[2]

Kennedy earned a BA in architecture from the University of California, Berkeley in 1993,[3] an MS in Engineering from the University of Washington in 1995, and an MBA from Yale University in 2005.[4][5][6]

Career

[edit]

Kennedy previously worked at SVB Analytics, an affiliate of Silicon Valley Bank, as did Christian Groh.[5]

He "experimented with cannabis" before founding Privateer Holdings in 2011.[2][7]

Kennedy founded Tilray in 2014, originally incorporated under Privateer Holdings and as one of Canada's first licensed producers.[8][9] In 2019, Privateer Holdings was merged with Tilray.[10]

Kennedy served as Tilray's CEO until 2020, when he announced his resignation.[11][12]

Personal life

[edit]

Kennedy has two children, and lives in Seattle.[13] He has said that "probably the hardest thing" about becoming rich was telling his in-laws.[14]

Net worth

[edit]

According to Bloomberg L.P., as of September 2018, Kennedy has a net worth of at least US$2.4 billion.[5] In 2019, his total compensation from Tilray was $3.48 million, down from $31.82 million in 2018.[15] Tilray stock later collapsed and as of February 2021, Kennedy is worth $238 million.[16]

References

[edit]
  1. ^ "Peter Thiel rakes in billions with stake in Canadian marijuana company Tilray". afr.com. 20 September 2018. Retrieved 20 September 2018.
  2. ^ a b Parker, Garrett (26 January 2019). "Brendan Kennedy: The Marijuana Billionaire Who Doesn't Smoke". moneyinc. Retrieved 8 February 2021.
  3. ^ "From Construction to Cannabis: Alum Brendan Kennedy Leads First Medical Marijuana Company to Go Public". Berkeley. Retrieved 8 February 2021.
  4. ^ "Brendan Kennedy". Tilray. Retrieved 20 September 2018.
  5. ^ a b c Tom Metcalf, Reade Pickert, and Craig Giammona (19 September 2018). "The Pot Rally Just Minted Three New Billionaires". www.bloomberg.com. Retrieved 20 September 2018.{{cite web}}: CS1 maint: multiple names: authors list (link)
  6. ^ "Brendan Kennedy". The Marque. Retrieved 8 February 2021.
  7. ^ Iris Dorbian (December 17, 2019). "Tilray Closes Merger With Privateer". Forbes. Retrieved September 21, 2024.
  8. ^ "Tilray's Takeover". Cannabis Business Times. Retrieved 2022-03-04.
  9. ^ Derek Hall (20 June 2018). "Seattle's Privateer launches $100M IPO for its Canadian marijuana company". Seattle Times. Retrieved 15 January 2021.
  10. ^ "Tilray, Inc. Completes Merger with Privateer Holdings, Inc" (Press release). 13 December 2019. Archived from the original on 20 September 2022. Retrieved 17 September 2022.
  11. ^ Dorbian, Iris. "Canada's Tilray Pops In Milestone U.S. IPO Debut". forbes.com. Retrieved 20 September 2018.
  12. ^ Brendan Kennedy (December 15, 2020). "Resignation Letter and Release". SEC. Retrieved September 21, 2024.
  13. ^ Wieczner, Jen (January 16, 2019). "The marijuana billionaire who doesn't smoke weed". Fortune. Retrieved 8 February 2021.
  14. ^ Rhys Blakely, Rhys Blakely (October 26, 2019). "Brendan Kennedy: from Silicon Valley to legal cannabis billionaire". The Times. Retrieved 8 February 2021.
  15. ^ Kilgore, Tomi (April 30, 2020). "Tilray CEO Brendan Kennedy gets a 35% raise in base pay in 2019, but total compensation tumbles". marketwatch. Retrieved 8 February 2021.
  16. ^ "Brendan Kennedy Net Worth (2021) – wallmine.com". wallmine.com. Retrieved 2021-02-02.


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