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Patrick Ryan

Patrick Ryan

P. Ryan
-0.05% | - $-3.82M
$8.1 B ₹ 73,687 Cr
Real Time Net Worth #438 Ranking as of 21 Feb 2026 By Forbes

More on Patrick Ryan

Gender

Male

Age

89Y

Country

United States

Born On

January, 1937

Deceased

No

Relationship Status

Married

Children

3

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Insurance)

Primary Organization

Ryan Specialty Group

Titles

Founder, Chairman & CEO

Sources of Wealth

Ryan Specialty Group, Aon

Industry

Insurance, Finance

About Patrick Ryan


P atrick Ryan is a self-made American billionaire who is a giant in the insurance industry. He is the founder and former chairman and CEO of Aon Corporation, one of the largest insurance brokerage firms in the world. He founded his first insurance company in the 1960s and, through a series of mergers and acquisitions, built it into the global powerhouse, Aon. He served as the company's CEO for over 40 years, building a reputation as a brilliant dealmaker and a leader in the industry.

After retiring from Aon, he founded his second major company, Ryan Specialty Group, where he serves as chairman and CEO. Ryan Specialty is a wholesale brokerage and specialty insurance firm that has also become a major, multi-billion dollar player in its field. In addition to his insurance empire, he is a prominent figure in his hometown of Chicago. He is the chairman of the board of trustees for Northwestern University, his alma mater, and was the lead owner of the Chicago Bears of the NFL for many years. He is also a major philanthropist.

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Quick Reads


  • Founder of two major insurance companies: Aon and Ryan Specialty Group.
  • Served as the CEO of Aon for over 40 years, building it into a global giant.
  • Now the Chairman and CEO of Ryan Specialty Group.
  • Former lead owner of the NFL's Chicago Bears.
  • He is the chairman of the board of trustees for Northwestern University.

Early Life and Background


Patrick 'Pat' G. Ryan, Jr., is an American businessman, the self-made billionaire Founder, Chairman, and CEO of Ryan Specialty Group (NYSE: RYAN) and the Founder and former Chairman/CEO of Aon Corporation. His career is rooted in elite finance, insurance brokerage, and serial entrepreneurial disruption.

Ryan holds a B.A. in Business Administration from Northwestern University (1959). His philosophical approach centers on scale, risk management, and vertical integration in the essential insurance and financial services sector.

  • Ryan Specialty Group (RSG) (Founder, Chairman & CEO): The core publicly traded asset, a major provider of specialty insurance products and wholesale brokerage services.
  • Aon Corporation (Founder & Former Chairman/CEO): The global insurance brokerage and consulting firm he founded (growing it to become one of the world's largest insurers).
  • Sports Ownership: He was a former minority owner of the Chicago Bears (NFL).
  • Philanthropy: He is a major donor to educational and medical research initiatives (funding the Ryan Center for the Mathematical Sciences at Northwestern).

Career Journey of Patrick Ryan


Patrick Ryan's strategic genius was his commitment to scale through M&A. He founded Ryan Insurance Group in 1964, recognizing the immense, untapped domestic demand for corporate insurance brokerage. He orchestrated the merger of his company with Combined International in 1982, creating Aon Corporation, which became the largest insurance broker in the world through aggressive global acquisitions. His structural contribution is immense: pioneering the consolidation and globalization of the insurance brokerage sector.

He retired from Aon in 2008 (receiving a $64 million severance). 2010: RSG. He founded Ryan Specialty Group (RSG), successfully entering the high-growth specialty insurance market. His wealth is secured by the colossal, long-term, stable profitability of the global insurance and financial services sector.

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Patrick Ryan's Timeline


1964:

Founds Ryan Insurance Group (Founding 1).

1982:

Orchestrates the merger that creates Aon Corporation (Corporate Apex 1).

2008 (July):

Retires from Aon (Executive Transition 1).

2010 (October):

Founds Ryan Specialty Group (RSG) (Founding 2).

2021 (July):

RSG executes its successful IPO on the NYSE (Financial Milestone).

Ongoing:

Continues as Founder, Chairman, and CEO, guiding the global financial giant (Executive Oversight).

Major Business Ventures and Investments


Patrick Ryan's wealth is concentrated in his founding equity and continued executive leadership of the publicly traded financial giant, Ryan Specialty Group (NYSE: RYAN), and his prior gains from Aon.

  • Ryan Specialty Group (RSG) (Founder, Chairman & CEO): The core publicly traded asset, a major provider of specialty insurance products and wholesale brokerage services.
  • Aon Corporation (Founder & Former Chairman/CEO): The global insurance brokerage and consulting firm he founded (growing it to become one of the world's largest insurers).
  • Academic Background: He holds a B.A. in Business Administration from Northwestern University.
  • Philanthropy: He is a major donor to educational and medical research initiatives (funding the Ryan Center for the Mathematical Sciences at Northwestern).

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Philanthropy and Social Impact


Patrick Ryan's social impact is structural, stemming from Aon's and RSG's roles in providing essential risk management and insurance services for corporations globally. His personal philanthropy is massive, donating $120 million to Northwestern University (funding the Ryan Center). His structural contribution is tied to the successful industrialization and scale of the global insurance brokerage sector.

His personal philanthropy supports various community and educational initiatives.

Fashion, Style, and Lifestyle


Patrick Ryan maintains the professional, composed style of a financial executive. His attire is consistently bespoke, favoring dark, tailored suits. His aesthetic reflects serious authority and stability, typical of a pioneer in the global financial sector.

Residing in Chicago, Illinois, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to investment strategy, risk management, and philanthropy.

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Quotes and Philosophy


“We believe in creating sustainable value for all of our stakeholders.”

Fun Facts & Trivia


  • He is the Founder of Aon Corporation and Ryan Specialty Group (RSG).
  • He was a minority owner of the Chicago Bears (NFL).
  • He donated $120 million to Northwestern University (his alma mater).
  • He retired from Aon in 2008 and immediately started RSG (his new company).
  • Aon became the largest insurance broker in the world under his leadership.
  • He holds a B.A. in Business Administration.
  • His wealth is tied to the successful monetization and scale of the global insurance brokerage sector.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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