Barre Seid
Barre Seid | |
|---|---|
| Born | 1932 Chicago, Illinois, U.S. |
| Occupation(s) | Entrepreneur, philanthropist |
| Known for | Principal owner of Tripp Lite; major donor to Marble Freedom Trust |
Barre Seid (born 1932) is a Chicago-based American entrepreneur. He was the principal owner of Tripp Lite, a company specializing in electrical equipment manufacturing. Seid transferred his entire stake in the business to Marble Freedom Trust, a transaction likened to Patagonia founder Yvon Chouinard’s $3 billion endowment to an environmental organization. The Marble Freedom Trust, known for its support of conservative initiatives, subsequently sold Tripp Lite to the Irish multinational Eaton for $1.6 billion in 2021.
Early life and education
Born in 1932 to Russian Jewish immigrants Reuben and Anne Seid, he was raised on Chicago’s South Side alongside two brothers. Seid attended the University of Chicago through a specialized undergraduate program.
Career
Following his university studies, Seid completed a two-year service period in the U.S. Army before returning to Chicago. There, he worked as an assistant to investor Graham Trippe, owner of Trippe Manufacturing. By the mid-1960s, Seid had ascended to president of Trippe Manufacturing, which was eventually rebranded as Tripp Lite. He maintained this leadership role for over five decades and held full ownership of the company.
Awards and recognition
In 2010, Bar-Ilan University in Israel honored Seid with an honorary degree.
Philanthropy
From 1996 through 2018, Seid contributed at least $775 million via both public and private avenues, including donations through the Barbara and Barre Seid Foundation. Many of these contributions were reportedly made anonymously. In 2020, he gifted his entire Tripp Lite shareholding—valued at about $1.6 billion—to the Marble Freedom Trust, a conservative "dark money" entity headed by Leonard Leo. This donation stands as the largest single known political nonprofit gift as of 2022 and has been compared to Yvon Chouinard’s transfer of Patagonia ownership—estimated at $3 billion—to a trust dedicated to global climate mitigation and land preservation.
Political
Seid was opposed to the prohibition of DDT and financially supported activists and researchers challenging it. His contributions reflect skepticism toward the view that human emissions drive global warming. Reportedly, he invested $17 million to facilitate distribution of the documentary Obsession: Radical Islam's War Against the West during the 2008 presidential election. The Clarion Fund disseminated this film on DVD to 28 million homes and religious organizations. Additionally, Seid has funded the University of Chicago’s Becker Friedman Institute for Economics and the Heartland Institute.
In 2020, he donated all Tripp Lite shares to Marble Freedom Trust, a nonprofit directed by conservative legal advocate Leonard Leo. By March 2021, Marble Freedom Trust sold these shares to Eaton Corporation for $1.65 billion. Although initially anonymous, Seid’s identity became public through financial disclosures. This contribution ranks among the largest individual gifts ever made to a politically oriented nonprofit.
Educational
Seid is a patron of Hillsdale College. He is also believed to have anonymously donated $20 million enabling George Mason University School of Law’s renaming as the Antonin Scalia Law School, as confirmed by public records.
Between 2007 and 2008, Seid provided anonymous funding amounting to $825,000 to Shimer College via his foundation. In 2009, Thomas Lindsay assumed presidency with objectives including raising the institution’s profile and expanding its board with 13 new members many financially linked to Seid. The conservative affiliations of these additions raised concerns among alumni and faculty regarding potential ideological shifts. Lindsay sought to revise the school’s mission statement in 2010 but encountered significant resistance. Although trustees approved the new mission statement, they voted narrowly (18–16) to remove Lindsay by April that year.
Personal life
Seid was previously married to Adrienne Gruber Seid, in whose honor he created the Adrienne Gruber Seid Memorial Scholarship at the School of the Art Institute of Chicago. He is now wed to Barbara Landis, who has held the roles of general and artistic director at Chamber Opera Chicago, an ensemble that Seid himself founded.
Identifying as a libertarian, Seid has contributed over $775 million anonymously to various nonprofit organizations from 1996 through 2018. Additionally, he has operated under the aliases Ebert and Elbert Howell.
Further reading
- Articles with short description
- Articles with hCards
- No local image but image on Wikidata
- Living people
- Philanthropists from Illinois
- University of Chicago alumni
- People associated with Bar-Ilan University
- Shimer College people
- 1932 births
- American billionaires
- American libertarians
- Businesspeople from Chicago