OMAHA, Neb. — Billionaire Walter Scott, the previous prime govt of Peter Kiewit Sons Inc. development agency who helped oversee Warren Buffett’s conglomerate and donated to varied causes, significantly development initiatives round Omaha, has died. He was 90.
The Suzanne and Walter Scott Basis that Scott based stated Scott died Saturday. The muse didn’t point out a reason behind dying.
Scott served as a board member of Buffett’s Berkshire Hathaway conglomerate from 1988 till his dying, and even invested alongside Berkshire within the firm’s utility and power unit. Scott held about 8% of Berkshire Hathaway Vitality’s inventory and 105 Class A Berkshire shares with Buffett’s Berkshire holding practically all the remaining.
Scott, who grew up throughout the Nice Melancholy after being born in Omaha in 1931, spent his whole profession working for the Peter Kiewit Sons’ Inc. — the Omaha-based development firm, which builds main initiatives all around the world. He labored his approach up from overseeing development initiatives in California and New York to grow to be the corporate’s govt vice chairman in 1965.
When Peter Kiewit died in 1979, Scott succeeded him as Chairman and CEO and led the corporate till 1998. He additionally went on to function chairman of a Kiewit spin-off, Degree 3 Communications till that agency was purchased in 2014.
The wealth Scott accrued allowed him to grow to be a philanthropist. Scott and his late spouse Suzanne gave giant sums to the College of Nebraska at Omaha, the College of Nebraska Medical Heart and Colorado State College. One of many primary buildings at UNMC’s new Fred and Pamela Buffett Most cancers Heart is known as the Suzanne and Walter Scott Most cancers Analysis Tower due to their donations.
Sections of the Joslyn Artwork Museum and Holland Performing Arts Heart in Omaha are additionally named in honor of the Scotts’ giving. Scott was additionally a longtime supporter of the famend Omaha zoo, the place the big aquarium is known as in honor of him and his spouse.
Scott had advised the Omaha World-Herald that he supposed for practically all of his private property to be donated to his private basis, which helps initiatives in Omaha.
“My youngsters have been taken care of way back — what they make of their lives is now their very own duty,” Scott stated to the World-Herald. “Finally, practically all the pieces will go to the inspiration, with the hopes it can profit my hometown for a lot of generations to return.”
Walter has been a director of quite a few charitable and academic organizations and served as chairman of the boards of the Omaha Zoological Society, Omaha Zoo Basis, Joslyn Artwork Museum, Horatio Alger Affiliation, Heritage Companies and the Board of Coverage Advisors for the Peter Kiewit Institute.