founder philanthropist vice president business executive
Raymond Jones Harbert was born in December 1958 and grew up in Birmingham, Alabama. His father, John M. Harbert, founded Harbert Corporation, a large multinational construction company, in 1949. His mother, Marguerite Harbert, was a billionaire philanthropist.
Harbert was appointed as Vice President of Business Development at Harbert International, a subsidiary of his father"s company, Harbert Corporation, in 1982.
He graduated from Auburn University, where he received a Bachelor of Science in Industrial Management in 1982.
He donated United States$25 million to Auburn University as part of a United States$40 million donation pledge. Later, he was appointed as the President of its real estate subsidiary, Properties Corporation. From 1988 to 1990, he served as the Vice President of Corporation, with responsibility for all investment activities.
In 1990, he was elected as its Chief Executive Officer, taking over all executive responsibilities from his father.
In 1993, borrowed United States$3 million from his inheritance and founded Management Corporation, a global investment management firm headquartered in Birmingham. Over the next 20 years, HMC expanded and grew, opening offices around the United States and Europe.
The firm manages money for a wide variety of clients ranging from public endowments and foundations to high Netto worth individuals and family offices. HMC invests in real estate, energy, private equity and debt, venture capital, and the public markets.
After a strong 10 year run under the HMC umbrella, Falcone became the majority owner of Harbinger, though remained a personal investor.
Gray"s claims mischaracterize relevant details and are without merit. serves on the Board of Trustees of his alma mater, Auburn University. In 2013, he pledged a United States$40 million donation to its College of Business. donated United States$25 million and agreed to donate United States$15 million more should the university fundraise United States$15 million on top of its donations. As a result, the Board of Trustees renamed it the Raymond J. College of Business.
The donation helped fund professorial chairs, a doctoral program in finance, and the establishment of the Investments Center, a research center within the business school in conjunction with the Samuel Ginn College of Engineering.
lieutenant was the largest charitable contribution ever made to Auburn University. served on the Board of Directors of the Alabama Trust Fund. He also served on the Liberal Arts Advisory Council of Wake Forest University.
He now serves on the Board of Trustees of Children"s of Alabama, a children"s hospital in Birmingham. He also serves on the Executive Committee of the Birmingham Business Alliance.
