Christopher Goldsbury | $1B+
Get in touch with Christopher Goldsbury | Christopher “Kit” Goldsbury is the San Antonio–based billionaire who built his wealth through Pace Foods—taking over the company in 1977, buying it outright in the early ’90s, and selling it in 1994 to Campbell Soup for $1.1 billion. Today he leads Silver Ventures, the investment firm behind San Antonio’s revitalized Pearl Brewery district, and supports education and culinary causes through the Goldsbury Foundation. He keeps a famously low public profile.
Christopher "Kit" Goldsbury's fortune comes from selling salsa maker Pace Foods to Campbell Soup for $1.1 billion in 1994.
Goldsbury worked on the assembly line at Pace in 1969, two years after marrying founder David Pace's daughter Linda. He became president in 1977.
After Goldsbury and Linda separated in 1987, Goldsbury purchased her half for $95 million, a fraction of what he sold it for seven years later.
The San Antonio billionaire is backing the revitalization of the downtown Pearl neighborhood through his private equity firm Silver Ventures.
Born in 1942 in San Antonio, Texas, Christopher Goldsbury was raised in a family with deep roots in the local community. His father, a successful businessman, instilled in him the values of hard work and entrepreneurship. Goldsbury attended Trinity University in San Antonio, where he earned a Bachelor of Arts/Science degree, laying the foundation for his future endeavors.
In 1967, Goldsbury married Linda Pace, the daughter of David Pace, the founder of Pace Foods, a company renowned for its Pace Picante Sauce. This union not only expanded his family but also introduced him to the food industry, setting the stage for his entrepreneurial journey.
Career Beginnings and Key Milestones
Goldsbury’s career commenced in 1969 when he joined Pace Foods as an assembly line worker. His dedication and business acumen quickly propelled him through the ranks. By 1977, he had ascended to the position of president. In 1987, following his separation from Linda Pace, Goldsbury acquired her half of the company for $95 million. Seven years later, he sold Pace Foods to Campbell Soup for $1.1 billion, marking a significant milestone in his career.
Notable Works and Achievements
After the sale of Pace Foods, Goldsbury founded Silver Ventures, a private equity firm specializing in the food industry. Under his leadership, Silver Ventures has been instrumental in developing the Pearl Brewery district in San Antonio, transforming it into a vibrant mixed-use community that has revitalized the area.
Goldsbury’s philanthropic efforts are noteworthy. In 2007, he made a record $35 million donation to the Culinary Institute of America to establish a campus on the site of the former Pearl Brewery. Additionally, he created a $20 million scholarship fund, El Sueño, to support low-income students at the institute.
His ongoing projects, particularly the development of the Pearl Brewery district, continue to have a significant impact on San Antonio’s urban landscape.
Personal Life and Relationships
Goldsbury’s personal life has been marked by both joy and tragedy. His son, David Christopher “Chris” Goldsbury, tragically passed away in 1997 at the age of 24. Despite this loss, Goldsbury has remained a prominent figure in San Antonio, dedicating time to community development and philanthropic endeavors.
Net Worth and Lifestyle
Goldsbury’s substantial wealth is primarily derived from his successful ventures in the food industry and real estate development. His investments in the Pearl Brewery district and other projects have not only bolstered his financial standing but also contributed to the economic growth of San Antonio.
Interesting Facts and Trivia
Goldsbury’s philanthropic contributions have significantly impacted the culinary arts, education, and community development in San Antonio.
His transformation of the Pearl Brewery site into a thriving urban district has been recognized as a model for urban revitalization.
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Charitable Work and Legacy
Goldsbury’s legacy is characterized by his commitment to philanthropy and community development. His substantial donations to the Culinary Institute of America and the revitalization of the Pearl Brewery district underscore his dedication to enhancing education and urban spaces.
Future Plans and Impact on Culture
Looking ahead, Goldsbury continues to focus on projects that promote sustainable urban development and support the culinary arts. His ongoing work in transforming San Antonio’s urban landscape reflects his vision for a vibrant and thriving community.
Christopher “Kit” Goldsbury’s life story is a testament to the power of entrepreneurship, vision, and philanthropy. His journey from assembly line worker to billionaire businessman and philanthropist highlights his significant contributions to the food industry and urban development, leaving an indelible mark on San Antonio and beyond.
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