Walter Scott Jr.

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Walter Scott Jr.
Engr2-scotts (cropped).jpg
Born(1931-05-21)May 21, 1931
DiedSeptember 25, 2021(2021-09-25) (aged 90)
Omaha, Nebraska, US
EducationColorado State University
OccupationCEO, Kiewit Corporation
Spouse(s)Carolyn Scott (died 1983)
Suzanne Scott
(m. 1987; died 2013)
Children6

Walter Scott Jr. (May 21, 1931 – September 25, 2021)[1] was an American billionaire businessman, civil engineer, philanthropist, and CEO of Kiewit Corporation. At the time of his death, his net worth was estimated at US$4.2 billion.[2]

Education[edit]

He graduated from Colorado State University in 1953 with a bachelor's degree in civil engineering.[3]

Career[edit]

Scott was first elected to the Kiewit Corporation board in 1964. In 1979, he was elected president. When Peter Kiewit died later that same year, Scott was selected to succeed him as chairman.[citation needed]

He sat on the board of Berkshire Hathaway, and was a childhood friend of Warren Buffett.[2] He was also on the board of directors of Burlington Resources, Commonwealth Telephone Enterprises, Level 3 Communications Inc., MidAmerican Energy Holdings, RCN Corporation, Valmont Industries, and Peter Kiewit Sons' Inc, and was the chairman of the Open World Leadership Center at the Library of Congress.[4] He was a director of the Joslyn Art Museum, Nebraska Game and Parks Foundation, and the Omaha Development Foundation. Nationally, he was a director of the Horatio Alger Association and the National Forest Association.[citation needed]

Scott was chairman of Level 3 Communications.[5] The corporation is one of the firms created by the 1998 separation of the two operating divisions of Peter Kiewit Sons' Inc. Since the split-off, Scott served as chairman Emeritus of Peter Kiewit Sons', Inc.[citation needed]

Philanthropy[edit]

Scott consistently ranked among the wealthiest Americans. With his wife, Suzanne, he founded the public, non-profit Suzanne and Walter Scott Foundation which has funded the Scott Atrium & Education Center at University of Nebraska Medical Center,[6] the Scott Technology Center[7] in Omaha, and The Summit: Bechtel Family National Scout Reserve.[8]

In June 2010, when Warren Buffett appealed to him to join the Giving Pledge, he partially accepted, stating that after his death his remaining estate will go into his eponymous foundation.[9]

In 2011, he committed $10 million to the construction of Engineering II, a $70 million, 122,000 square feet (11,300 m2) building which will house interdisciplinary energy, environment and health programs at Colorado State University.[citation needed]

In November 2016, it was announced Scott would be donating $53.3 million to Colorado State University School of Engineering, CSU's largest ever gift, and that the College of Engineering at CSU will be renamed the Walter Scott Jr. College of Engineering, becoming the only named college of engineering in the state of Colorado.[10]

Collector[edit]

In 1996, Scott acquired the original sales document of the Louisiana Purchase for his private collection.[11]

Honors and awards[edit]

Scott became an Eagle Scout in 1946 and was a recipient of the Distinguished Eagle Scout Award.[8]

He received the Golden Plate Award of the American Academy of Achievement in 1991, presented by Awards Council member Dennis Washington.[12] Scott was the Host of the 1998 Achievement Summit in Jackson Hole, Wyoming.

Personal life[edit]

Scott's second wife Suzanne Scott had been a good friend of his first wife, Carolyn, who died in 1983, but did not know Walter. They married in 1987 at their place of worship, Countryside Community Church. Suzanne died in 2013.[13]

Scott died on September 25, 2021 at the age of 90.[14]

References[edit]

  1. ^ "Mr. Walter Scott, Jr". Open World Leadership Center. Retrieved March 16, 2018.
  2. ^ a b "Forbes profile: Walter Scott, Jr". Forbes. September 25, 2021. Retrieved September 26, 2021.
  3. ^ "Walter Scott Jr, Biography" (PDF). Colorado State University. Retrieved April 15, 2011.
  4. ^ "Archived copy". Archived from the original on July 27, 2011. Retrieved January 27, 2013.{{cite web}}: CS1 maint: archived copy as title (link)
  5. ^ "Archived copy". Archived from the original on May 15, 2008. Retrieved May 28, 2008.{{cite web}}: CS1 maint: archived copy as title (link)
  6. ^ "Archived copy". Archived from the original on May 17, 2008. Retrieved May 28, 2008.{{cite web}}: CS1 maint: archived copy as title (link)
  7. ^ "Scott Data Center". Archived from the original on May 23, 2008. Retrieved May 28, 2008.
  8. ^ a b Sendor, Julia (October 23, 2010). "Boy Scouts of America New major donors and jamboree dates announced". Raleigh Register-Herald. Retrieved October 29, 2010.
  9. ^ "The Giving Pledge". Givingpledge.org. Retrieved November 15, 2016.
  10. ^ Whaley, Monte. "Colorado State gets record $53 million donation from graduate Walter Scott Jr". The Denver Post. Retrieved November 15, 2016.
  11. ^ "Louisiana Purchase Manuscript Goes on Public Display". News.nationalgeographic.com. Retrieved July 29, 2010
  12. ^ "Golden Plate Awardees of the American Academy of Achievement". www.achievement.org. American Academy of Achievement.
  13. ^ "Suzanne Scott, 'intelligent and energetic philanthropist,' dies at 83". Omaha.com. September 9, 2013. Retrieved November 15, 2016.
  14. ^ "Former Kiewit CEO Walter Scott, Jr. dead at 90". KMTV. September 25, 2021. Retrieved September 25, 2021.