Dean Metropoulos


Charles Dean Metropoulos is an American billionaire investor and businessman of Greek descent. He was the owner of Pabst Brewing Company, which was founded by Jacob Best in 1844.
On the Forbes 2019 list of the world's billionaires, he was ranked #962 with a net worth of US$2.4 billion.

Early life

Metropoulos was ten years old when he and his parents emigrated from Greece to the US and came to Watertown, Massachusetts.
Metropoulos has a bachelor's degree and an MBA from Babson College, located in Wellesley, Massachusetts.
At age 25, he went to Geneva, Switzerland, to become a financial director for GTE International's European, Middle Eastern and African operations. Later he returned to the U.S. as the company's youngest controller.

Career

Some of the buy-build private equity transactions of Metropoulos have included Pinnacle Foods, Ghirardelli Chocolate Company, International Home Foods, Pabst Brewing Company, The Morningstar Group, Inc., Solar Marine, and Mumm's/Perrier-Jouët champagnes.
Metropoulos is the executive chairman and chief executive officer of C. Dean Metropoulos & Company. The company was founded in 1993 and is based in Greenwich, Connecticut. As of 2011, C. Dean Metropoulos & Co. has been involved in over 72 acquisitions with over $12 billion in invested capital. The company jointly owns Hostess Brands along with Apollo Global Management.
In September 2014 American entrepreneur Eugene Kashper, backed by TSG Consumer Partners, announced an agreement to acquire Pabst Brewing from C. Dean Metropoulos & Co for $700 million. The sale represented a gain of $550 million more than what the company paid for it in 2010. Bumble Bee Tuna is another brand owned by a company "bought and flipped" by the firm.
On July 7, 2015 there were rumors of a Hostess Brands IPO. Metropoulos has stated that there is no plan for an IPO. In July 2016, a Hostess IPO was announced.

Personal life

Metropoulos lives in Palm Beach, Florida, with his wife Marianne, who in 2011, was President and Principal of Aegean Entertainment, a movie production company in Beverly Hills. They are parents of sons Evan and Daren. Daren purchased the Playboy Mansion for $100 million in 2016.