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Billionaire Profile
Mitchell Jacobson
Global Rank
#2118

Mitchell Jacobson

CEO, Industrial equipment
Locust Valley, New York
Real-Time Net Worth
$1.97B
Estimated based on Industrial equipment stock value as of September 10, 2026
-0.37% (24h)
Age
75
Source
Industrial equipment
Industry
Manufacturing
Citizenship
United States

Biography

Mitchell Jacobson, a prominent figure in the industrial equipment sector, is an American businessman with an estimated net worth of $1.8 billion. His wealth stems from his involvement with MSC Industrial Direct Co., Inc., a major distributor of industrial equipment founded by his father. Jacobson served as CEO of MSC Industrial Direct from 1995 to 2005 and as Non-Executive Chairman since 2013, playing a pivotal role in the company's growth. His career reflects a long-standing commitment to the industrial supply industry.

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Data Updated
Sep 10, 2026
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Wealth Over Time

Net Worth History

YearNet Worth
2026$1.97B
2025$1.80B
2024$1.53B
2023$1.30B
2022$1.33B
2021$1.18B
2020$1.10B

Portfolio Holdings

MSC Industrial Direct Co., Inc.

MSC Industrial Direct Co., Inc.

MSMservice
$219M
Holdings Value
Market Cap
$4.20B
Stock Price
$87.18
Revenue
$3.20B
Melville, New York
7,300 employees
Founded 1941

In-Depth Profile

Early Life

Mitchell Jacobson was born into a family with deep roots in the industrial supply business. His father, Sidney Jacobson, founded Sid Tool Co. in 1941 in New York City, laying the groundwork for what would become MSC Industrial Direct. Mitchell graduated from Brandeis University and holds a law degree from New York University School of Law. His educational background provided a solid foundation for his future career in business.

Rise to Success

Jacobson joined MSC Industrial Direct in 1976, initially working to implement best practices in industrial supply. He rose through the ranks, becoming CEO in 1995. Under his leadership, the company expanded significantly, becoming a major player in the distribution of industrial and office equipment. Jacobson oversaw the company's growth and its transition into a publicly traded company, further solidifying his success in the industry. He served as CEO until 2005 and then became the Non-Executive Chairman in 2013.

Key Business Strategies

Jacobson's tenure as CEO was marked by strategic moves that enhanced MSC's operational efficiency, customer service, and shareholder value. His focus on customer service and efficient logistics led to consistent operational performance. He has also made strategic investments in other companies and served on the board of directors for various organizations. He is currently the Chairman of MSC Industrial Direct Co., Inc.

Philanthropy

Mitchell Jacobson and his wife, Kathy, are involved in philanthropic activities, with their family foundation supporting various causes. They have given millions to AIPAC and also support the UJA Federation and Friends of Israel Defense Forces.

Career Milestones

1976

Joined MSC Industrial Direct

Began his career at the family business.

1982

Became President of the company

Replaced his father, Sidney Jacobson as president.

1995

CEO of MSC Industrial Direct

Took over as CEO of MSC Industrial Direct.

2013

Non-Executive Chairman of MSC Industrial Direct

Assumed the role of Non-Executive Chairman.

Philanthropy & Social Impact

Philanthropy

AIPAC

$2M+

Donations to the American Israel Public Affairs Committee since 2015

Philanthropy

Lincoln Center

$5.3M

Donation to the Zionist theater in 2021

Billionaires Connected to Mitchell Jacobson

Peers in Manufacturing

All Manufacturing billionaires

Richest in United States

All billionaires from United States

Adjacent Global Ranks

Full global ranking

Frequently Asked Questions

What is Mitchell Jacobson's net worth in 2026?
As of 2026, Mitchell Jacobson's estimated net worth is $1.97 billion, ranking #2118 among the world's billionaires. The estimate is based on publicly available shareholding data and market prices, updated daily.
How did Mitchell Jacobson make their money?
Mitchell Jacobson's wealth primarily comes from Industrial equipment, most notably through Industrial equipment.
Where is Mitchell Jacobson from?
Mitchell Jacobson is from United States.
How old is Mitchell Jacobson?
Mitchell Jacobson is 75 years old.

Sources & References

  1. Mitchell Jacobson — Forbes profile Forbes