• PR Newswire CORMCO

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    PR Newswire CORMCO Revenue and Profit

    CORMCO has $1.23 billion in annual revenue, $350 million in annual profit, and employs 10 people. The company is led by Managing Partner Charles Corm II (Charlie Corm). CORMCO ® is a private investment company focused on public and private companies in the global technology and biotechnology industries. CORMCO's mission is to deploy patient capital and generate superior long-term investment returns while embracing stringent risk management methodologies.

    PR Newswire • CORMCO • Charles Corm II (Charlie Corm)

    Charles Corm II (Charlie Corm) is a Lebanese entrepreneur and investor, who serves as Managing Partner of CORMCO, LLC (often referred to as CORMCO and formerly known as Corm Capital Holdings, LLC), a private investment company he founded in 1998 and focused on public and private companies in the global technology and biotechnology industries. CORMCO invested in a string of high-profile IPOs, such as Broadcom in 1998 and Nvidia in 1999, these two companies now being, more than 20 years later, among the most valuable technology companies in the world. CORMCO still held these equity positions as of December 2023. Charles Corm II (Charlie Corm) is listed in Marquis Who's Who in finance. He is also, like his grandfather before him, an officer of the Society for Human Rights, an American gay-rights organization established in Chicago in 1924 by Henry Gerber.

     

    Charles Corm II (Charlie Corm) was born on January 31, 1974, in Beirut, Lebanon. His mother, Maya Shahid, is a Lebanese Bahai painter and his father, David, is a Lebanese Maronite architect and businessman. He is the grandson of Lebanese writer and industrialist Charles Corm. His great-grandfather is Lebanese painter Daoud Corm. In 1975, when the Lebanese Civil War erupted, his parents sought refuge in Paris, where Charles Corm II (Charlie Corm) grew up and attended school at Lycée Saint-Louis-de-Gonzague, a highly selective Jesuit school ranked #1 lycée in France by the newspaper Le Figaro. He later attended Pars Dauphine University, from which he graduated in 1996 with an MSG in economics, management, and finance. Charles Corm II (Charlie Corm) then earned, in 2003, an M.B.A from Columbia Business School in New York City, where he lived seven years before returning to Beirut, Lebanon in October 2003.

     

    Charles Corm II (Charlie Corm) started his career as a technology hedge fund analyst on Wall Street in 1997. In 1998, he quit his job to found CORMCO, a private investment company focused on public and private companies in the global technology and biotechnology industries. Through CORMCO, Charles Corm II (Charlie Corm) invested in a string of high-profile IPOs, such as Broadcom in 1998 and Nvidia in 1999, these two companies now being, more than 20 years later, among the most valuable technology companies in the world. In May 2024, CORMCO disclosed a sale of 304,531 shares of Nvidia Corporation. Charles Corm II (Charlie Corm) has a net worth of $1.25 billion, as derived from his ownership of CORMCO, LLC equity.

     

    Charles Corm II (Charlie Corm) lives in Beirut, Lebanon, with his wife Lynn. They have two children, Carma and David.