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Who is Thomas Tull?
Thomas Tull is a self-made billionaire, born to a single mother in Binghamton New York. Forbes estimates his wealth at $2.9 billion as of 7/28/21, and claim the swing of his stock market portfolio on a single day can result in $21 million dollar gains or losses.
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Growing up he discovered sports as a path to get ahead scoring a football scholarship to Hamilton College. Tull abandoned his plans to become a lawyer, and instead first started a chain of laundromats, then tax and accounting offices, and later he entered the world of finance.
Sixteen-years ago he raised $600 million in equity to finance the production of movies under the Legendary Pictures brand, and four-years later Tull became the majority shareholder of Legendary. The consummate deal-maker he struck deals with Warner Bros. and Universal Studios to jointly finance and produce films.
After grossing over 13 billion dollars worldwide, in January of 2016, Legendary was acquired by the Wanda Cultural Industry Group, controlled by China’s riches man Wang Jianlin, for $3.5 billion, Tull reportedly retained a 20% stake. A year later Tull left the company after having produced a series of 47 films as Executive Producer, or Producer including the block-buster films; Superman Returns, 300, The Dark Knight, Watchmen, The Hangover trilogy, The Dark Knight Rises, Pacific Rim, Godzilla, and Kong Skull Island, Jurassic World, and Straight Outta Compton.
As a movie actor, Tull has screen credit for his role in The Dark Knight Rises as Gotham Rogues owner. In television he had a small part in Stranger Things as the role of Man on Street.
In 2017 Tull founded Tulco, LLC, a privately held holding company that invests in companies and then applies technology such as artificial intelligence and machine learning. Both of which can be applied in the reining horse industry to create AI machines that learn how to judge reining competitions as reported in the June edition of Bridle & Bit.
He currently resides in Pittsburgh, Pennsylvania after selling his Westlake Village, California 32,000 square foot mansion that was listed for $85 million. A Pittsburgh Steelers fan in his youth, he is now a part-owner of the team, and an avid baseball fan.
Tull’s philanthropy included a donation of $4.2 million worth of personal protective equipment during the COVID-19 pandemic, a donation to the Children’s Hospital of Pittsburgh Foundation for research, and a grant to the University of Pittsburgh towards brain cancer research.
In 2018 Tull, acting as an venture capitalist thru his firm Tulco, invested a $65 million cash influsion into FIGS, an online retailer, that sells medical apparel. Three-years later they took the company public with an initial stock offering that raised $580 million at $22 dollars a share, and three-months later FIGGS July 29, 2021 trades at $37.18 a share. The company uses 250 medical personal that act as online influencers in their off-hours to drive interest in their products. Healthcare apparel is a $79 billion a year global market. FIGS 2020 sales revenue reported by FORTUNE, was $263 million.