George Lane. Chicago, IL 60601 The "buy high and sell higher" Driehaus manner has been labeled "nosebleed strategy," but he's classed with super stock-pickers Warren E. Buffett and Peter Lynch. Richard Driehaus outside the Driehaus Museum in 2012. A legend as an investor and donor, Richard Driehaus dies at 78 Starting on the South Side, he saved, mastered the stock market, and backed causes that ranged from excellence in architecture and fashion to education and good government. [43] Driehaus donated $30 million to DePaul University in 2012the largest gift DePaul has ever received. Special exhibitions, books and films memorializing architects and architectural achievements. Whether you knew him personally, or only knew of him . His 2019 version with a James Bond theme and an appearance by Diana Ross was a particular hit. From Beverly Area Planning Association to the St. Petersburg International Center for Preservation. University of Illinois at Chicago College of Architecture and the Arts Suite 3200 He told the Chicago Sun-Times in 1996 that he saved $1,000 from his paper route in Brainerd on the citys Far South Side and, at 13, invested in stocks recommended by financial columnists. Richard was an inspirational member of the DePaul University community who devoted so much of his life's focus to the university and our students. Mr. Driehaus, 78, died Tuesday night at Northwestern Memorial Hospital, Boufis said. [3] His firm had $13.2 billion in assets under management as of March 2021. This is when he purchased his first shares of stock using money saved from his paper route. Restore America Hero Award, National Trust for Historic Preservation, 2008 Driehaus (rhymes with treehouse) is a stock-market high-flier who manages more than $3 billion in investment funds. Joseph Paul Barnas Mar 19, 2021. This is the 14th year that the U.S. Virgin Islands has celebrated the parade and it is also the first in two years since the pandemic.Watch: youtu.be/-6EofNFxiQY..#VISource #thesource #usvi #LocalNews #news [36] Driehaus said of the proposed memorial, "Architecturally, it didnt speak to me. Richard Driehaus is generally reported to live downtown, near the Driehaus Museum (which is inside the Samuel M. Nickerson Mansion at 40 East Erie Street) and the headquarters of his $8 billion firm, Driehaus Capital Management (inside the Ransom R. Cable House at 25 East Erie). He also was instrumental in the reconstruction of Roosevelt Park in St. Thomas. "He's concerned about Chicago from the ground up," says Fischer. It is presented annually through the University of Notre Dame School of Architecture to honor a major contributor in the field of traditional and New Classical architecture. Yes, I do have a thirst for beauty. We want something more representational,"[36] but he has also criticized the closed selection process. I bent her ear for two hours.". . "Don't give me anything for Christmas," she suggested to her hesitating son. Illinois Arts Legend Award, Illinois Arts Alliance Foundation, 2005 Driehaus thought about it. The capital management business is in a Romanesque building at 25 E. Erie St. Mr. Driehaus lovingly preserved the Chicago landmark, originally home to a 19th century railroad magnate. Mr. Driehaus also conveyed his gratitude to other educational institutions and religious orders focused on education, such as Holy Trinity High School, Cristo Rey Jesuit High School, St. Bedes Grammar School, as well as Loyolas St. Joseph Seminary, Christ the King College Preparatory School and the University of the Virgin Islands. The newly chosen combatants in Round Two of the mayoral sweepstakes are off and running. Friends of Lincoln Park Honorary Doctorate, DePaul University, 2002, CORPORATE CITIZENSHIP Ferreras, his neighbor for 20 years, added she joyfully reaped the benefits of the twice-nightly waterfall and hologram display presented solely for the entertainment of departing cruise ship passengers and nighttime kayak tours in the harbor. Mr. Driehaus support of the performing and visual arts was based on his belief that they provide much-needed balance to peoples busy lives. It only works when its open, said Eli Boufis, who worked with Mr. Driehaus for 20 years and with him started Driehaus Private Equity. He funded scholarships for international MBA students and a virtual stock portfolio contest for DePaul finance students. He requested that a hospitality curriculum be established for students to learn restaurant management, service industry skills and bottom line financial responsibility. Can this be slam-bang Chi-town? "I didn't give that quote," Wall says, smiling. Driehaus' wife, Kristyna, is said to be some three decades younger than he is, and hails from Prague. window.__mirage2 = {petok:"W_9XxYFgJJOIQbC7FrphQVkZWwtdsq7998IuFlMsb9A-43200-0"}; One account has Driehaus seeking romance at Wall's church socials. A hard worker since his youth as a newspaper carrier, he attained a life of privilege without forgetting how to have a good time or help others. This is ambience without apologies. Since 1999 the Virgin Islands Source the only online newspaper of general circulation in the U.S. Virgin Islands has been providing the community with reliable, accurate and balanced local journalism. A devoted philanthropist as well, he saw philanthropy as a form of inquiry. He then worked at various brokerage firms before he founded Driehaus Capital Management LLC in 1982. From Old Town School of Folk Music to the Sherwood Conservatory of Music. Corporate Award for Excellence in the Arts, DePaul Theatre School, 2000, EDUCATION After the house went on the market December 20, it received four bids, all above the asking price. [10] In 1979, he set up Driehaus Securities, a research broker that provided ideas to a select group of accounts, followed by Driehaus Securities LLC in 1980. He had $50,000 or $100,000 in mind. Partners for Sacred Places Driehaus urges design competitions "for almost any significant building: firehouses, police stations, public schools." Billionaire J. Christopher Reyes purchases Driehaus Estate for $36 million . Richard Herman Driehaus (/drihas/; July 28, 1942 March 9, 2021)[1][2] was an American fund manager, businessman and philanthropist. [9] He also was a major supporter of Catholic Extension, which builds churches in under-served communities. By David Roeder Mar 10, 2021, 4:05pm PST A legend as an investor and donor, Richard Driehaus dies at 78 Pocket Phone: (708) 448-6000. They stare, they wonder. Movies. And he made another donation this year." The annual Driehaus Awards for Fashion Excellence, sponsored by Driehaus Design Initiative, a 501(c)(3) nonprofit organization, is hosted each spring. The philanthropic activities of the Richard H. Driehaus Foundation and the Charitable Trust are widely acknowledged in the fields of culture, arts, heritage protection, journalism and architecture, including the renowned global Driehaus Architecture Prize for new classical architecture. His mansion sits amid an urban free-for-all, where zoning, such as it is, must fend with both undergrowth and overgrowth. Honorary Doctorate of Public Service, Saint Xavier University, 2009 There was no better role model in investing than Richard Driehaus. The mansion is his workplace, ripely furnished in his own choice of Victorian opulence, with salon piling on salon. [9] He described the museum as his "gift to the city. //