The Bronx borough in New York City is one tough place. There are many stories of people who just couldn’t get out of there and make a name for themselves. There are a few who have managed to move out and lead better lives. Fewer still are people like William E. Macaulay who really soared in their careers.
William didn’t move into the Bronx from another place; he was born there on May 2, 1947. He had his share of rough days. William was determined and also had good intelligence he earned a B.B.A degree in Economics from the City College of New York graduating Magna Cum Laude. He went on to get his M.B.A. degree from the Wharton School of Economics of the University of Pennsylvania.
Good academic credentials can open many doors. From 1972 to 1982 William worked at Oppenheimer & Co., Inc. There he served as Director of Corporate Finance with responsibility for investing the company’s capital in private equity transactions. At Oppenheimer he also served as General Partner and member of the Management Committee and was President of Oppenheimer Energy Corporation.
This exposure to energy led him to founding and being the largest stockholder of Peppermill Oil Company. William was also a co-founder of private equity buyout firm Meridian Capital Company.
His biggest move came in 1983 when he acquired First Reserve in 1983 with a partner. Today William is the Chairman and CEO of the company. First Reserve is a global energy-focused private equity and infrastructure investment firm with $23.1 billion of raised capital since the firm was established. The success of the company has made William a billionaire.
This is certainly not a bad achievement for the guy born in the Bronx.