Ernest Scheller Jr is a prominent American businessman and philanthropist who made his fortune in the healthcare industry. He is also one of the most notable alumni of Georgia Tech MBA and the man behind the Scheller College of Business. With a career spanning over five decades, Scheller’s name has become synonymous with innovation, entrepreneurship, and leadership.
In this blog post, we’ll take a closer look at the life of Ernest Scheller Jr, his impressive net worth, and the legacy he has left behind at Scheller College of Business. We’ll also explore some of the notable alumni of Georgia Tech MBA and answer the question of who Scheller College of Business is named after. So, let’s dive in!
Ernest Scheller Jr. Net Worth: The Rise of a Business Mogul
Ernest Scheller Jr. may not be a household name, but he is a force to be reckoned with in the business world. From humble beginnings, Scheller rose to the top of the corporate ladder, amassing a substantial net worth along the way. In this section, we will take a closer look at how Scheller built his empire and the current state of his net worth.
Early Days and Career Beginnings
Ernest Scheller Jr. was born and raised in Germany before moving to the United States in the 1960s to pursue his education. He earned his MBA from Georgia State University and quickly began to make a name for himself in the tech industry, working for companies like IBM and Honeywell.
The Formation of Arbor Pharmaceuticals
In the early 2000s, Scheller founded Arbor Pharmaceuticals, a company focused on developing and marketing prescription drugs. Under his leadership, the company experienced rapid growth, expanding into international markets and acquiring several other businesses in the process.
Scheller’s Current Net Worth
So, what is Ernest Scheller Jr.’s net worth? While it’s difficult to know for certain, estimates put his current wealth at around $1.8 billion. This impressive figure can be attributed to Scheller’s years of hard work and dedication to building his businesses.
Philanthropy and Giving Back
Despite his impressive net worth, Scheller remains committed to giving back to his community. He has donated generously to a number of causes, including education, healthcare, and the arts. In 2014, he made a $50 million gift to his alma mater, Georgia State University, which led to the creation of the Ernest Scheller Jr. College of Business.
Ernest Scheller Jr.’s net worth is a testament to his hard work, business acumen, and commitment to excellence. With his continued success, it’s clear that Scheller is a force to be reckoned with in the corporate world. As he continues to build his legacy, we can only expect to see more impressive accomplishments from this business titan.
Who are the Notable Alumni of Georgia Tech MBA
If there’s anything Georgia Tech is known for across the globe, it is its MBA program. However, this prestigious program is not for the faint-hearted and only a few are fortunate enough to be admitted into it. So, who are the notable alumni of Georgia Tech MBA? Let’s take a look.
Sundar Pichai
You may be wondering, who is Sundar Pichai? Let’s just say he’s the CEO of Google, one of the largest and most innovative tech companies in the world. He came to Georgia Tech in 1993 and obtained his MBA from the Scheller College of Business.
Phebe Novakovic
Phebe Novakovic is the CEO of General Dynamics, a global aerospace and defense company. She obtained an MBA from Georgia Tech and was awarded the distinguished Young Alumnus Award in 1998.
Keith Wandell
Keith Wandell is the former CEO of Harley Davidson, a well-known American motorcycle manufacturer. He graduated from Georgia Tech’s prestigious MBA program in 1980.
Thomas Fanning
Thomas Fanning, the Chairman and CEO of the largest energy company in the United States, Southern Company, is also a Georgia Tech MBA alumnus. He received his degree from Scheller College of Business in 1980.
David Ratcliffe
David Ratcliffe, a former CEO of Southern Company, is another notable Georgia Tech MBA alumnus. He received his degree in 1975 and led the company from 2010 until his retirement in 2011.
Mark Fuller
Mark Fuller, a graduate of the Georgia Tech MBA program, is the co-founder and CEO of WET Design. This company is responsible for the design of some of the biggest water features in the world, including the Fountains of Bellagio in Las Vegas.
Georgia Tech MBA’s impressive alumni network is just a testament to the quality of education the institution offers. These individuals are the epitome of hard work, dedication, and the value of a Georgia Tech MBA degree.
Who is Scheller College of Business named after
Ernest Scheller Jr. was an Atlanta-based executive who began his career as a chemical engineer. After years of hard work and dedication, he rose through the ranks to become the CEO of a Fortune 500 company. But Scheller’s success wasn’t just limited to his professional life. He was also a philanthropist who believed in giving back to his community.
The story behind the name
In 1996, Georgia Tech announced that it was renaming its business school to the Scheller College of Business in honor of Ernest Scheller Jr. This decision was made in recognition of Scheller’s outstanding contributions to the university and the broader Atlanta community.
Scheller’s impact on Georgia Tech
Scheller was a frequent supporter of Georgia Tech, and his philanthropic contributions to the university were both significant and far-reaching. In the years leading up to the renaming of the business school, Scheller had already given millions of dollars to various departments and initiatives at Georgia Tech.
A legacy that lives on
Today, the Scheller College of Business at Georgia Tech is one of the most prestigious business schools in the country. The business school is renowned for its innovative curriculum, cutting-edge research, and world-class faculty. And while Scheller may have passed away in 2014, his legacy lives on through the countless students whose lives have been transformed by the education they received at the Scheller College of Business.
Ernest Scheller Jr.’s legacy is one that will be remembered for generations to come. His dedication to his community and his commitment to excellence have left an indelible mark on Georgia Tech and the broader Atlanta community. And while he may be gone, his impact lives on through the Scheller College of Business and the countless students who have benefitted from the education they received there.
