Patrick Joseph McGovern
Patrick Joseph McGovern Jr. was an American businessman, and chairman and founder of International Data Group, a company with subsidiaries in technology publishing, research, event management and venture capital.
In September 2013, he was listed on the [Forbes 400|Forbes 400] list of the wealthiest Americans, with a net worth of $5.1 billion.
Biography
Forbes magazine wrote that in the 1950s, McGovern earned a college scholarship by designing an unbeatable tic-tac-toe program. During his sophomore year, he worked at the MIT student newspaper The Tech on the features staff. McGovern received a degree in course 7, or biology/life sciences, from MIT, in 1959.After graduating, his first job was writing for a pioneering computer magazine, Edmund C. Berkeley's Computers and Automation. In 1964, McGovern founded International Data Corporation, which produced a computer-industry database and published the newsletter EDP Industry & Market Report. After three years, the company was losing money, and McGovern contemplated liquidating it. In 1967, he hit on the idea of making the newsletter into a weekly newspaper, Computerworld. After failing to wrest control of Computer and Automation from his friend and mentor Ed Berkeley, he subsequently started the magazine PC World.
In 1980, he created one of the first American-Chinese joint ventures, and in 1997, Forbes estimated that "Pat McGovern has more readers in China than the People's Daily does." In 1991, his company published "DOS For Dummies", the first of the very popular "For Dummies" series of books explaining various subjects to the layperson. Bloomberg News reported that IDG had 280 million regular readers of its publications, and annual revenues of $3.6 billion.
Personal life
Although he was born in Queens, New York, his family moved when he was a child to Philadelphia, where he delivered newspapers at the age of eight. He was divorced once. He was the father of two children and two stepchildren, and divided his time between Hillsborough, California and Hollis, New Hampshire. He and his second wife donated $350 million to MIT to found the McGovern Institute for Brain Research. He was a trustee of MIT and of MIT's Whitehead Institute for Biomedical Research. He also served on the board of trustees Society for Science & the Public.At the time of his death, surviving family members included his wife, Lore Harp McGovern, a son, Patrick McGovern, daughter Elizabeth McGovern, stepdaughters Michelle Harp Bethel and Dina Jackson, and nine grandchildren.