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Capital One Financial Corporation is an American bank holding company founded on July 21, 1994, and specializing in credit cards, auto loans, banking, and savings accounts, headquartered in McLean, Virginia with operations primarily in the United States. [2]
Richard Dana Fairbank (born September 18, 1950) [1] is an American billionaire businessman who co-founded Capital One with Nigel Morris in 1988. [2] [3] He was on the board of directors of MasterCard International from 2004 to 2006.
Nigel William Morris was born in Billericay, Essex, the son of an army sergeant, [1] in June 1958. [2] He came from a working-class Welsh family: his mother was a fluent Welsh speaker from Blaenau Ffestiniog [3] and his father was born in Essex to a family from Port Talbot.
He founded Thiel Capital Management in 1996 and co-founded PayPal with Max Levchin and Luke Nosek in 1998. He was the chief executive officer of PayPal until its sale to eBay in 2002 for $1.5 billion. Following PayPal, Thiel founded Clarium Capital, a global macro hedge fund based in San Francisco. [7]
His son, Jon B. Lovelace Jr., [1] a Hotchkiss School 1944 graduate, [2] served as an executive at Capital Group Companies. In 2007, his son and family were ranked #840 on the Forbes Billionaires List worth $1.1 billion. [3] As of 2019, grandson Rob Lovelace serves as an investment manager for a Capital Group fund. [4]
The company's initial partner was Capital One in order for its customers to arrange financing, access upfront pricing, and locate inventory online. [6] Other noted co-founders include Jim Nguyen, Oded Noy, and Bernie Brenner. [7] [8]
This page was last edited on 24 December 2009, at 03:10 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Capital Group is an American financial services company. It ranks among the world's oldest and largest investment management organizations, with over $2.6 trillion in assets under management . Founded in Los Angeles , California in 1931, it is privately held and has offices around the globe in the Americas , Asia , Australia and Europe .