Mark Gordon Biography
Mark Gordon is an American politician serving as the 33rd Governor of Wyoming. He previously served as Wyoming’s treasurer. He is a Republican, who was appointed to the position of Treasurer by Governor Matt Mead on October 26, 2012, to fill the vacancy of the late Joseph B. Meyer. In 2018, he won the state’s gubernatorial election, defeating Democratic state representative Mary Throne.
Mark Gordon Age
Mark Gordon was born on March 14, 1957, in New York, New York, United States.
Mark Gordon Net worth
Mark Gordon earns his income through his businesses and other organizations across Wyoming. He also got his money soon after he won the election for Governor seat. Mark ran several successful businesses in Buffalo and Sheridan including two operations focused on outdoor recreation and tourism which generated his income at a high rate. He later worked in the oil and gas industry. His net worth is under review.
Mark Gordon Family
Mark Gordon was born in Johnson County located in northern Wyoming to Mr. and Mrs. Crawford Gordon. His parents Reared cattle on the Gordon Ranch, Gordon is still affiliated with the 48 Ranch Partnership in Kaycee.
Mark Gordon Education
Mark Gordon graduated from St. Paul’s School, an Episcopalian boarding school in Concord, New Hampshire, and Middlebury College in Middlebury, Vermont, where he met his first wife, the former Sarah Hildreth Gilmore. After he graduated from college in 1979, he returned to Wyoming and worked on his family ranch before starting his own operation.
Mark Gordon Wife
Mark Gordon met his first wife, the former Sarah Hildreth Gilmore in Middlebury College in Middlebury, Vermont. The couples married on March 7, 1981, in the Second Congregational Church in Greenfield, Massachusetts, where her parents resided. But his wife died on an automobile accident and Mark focused on raising his two daughters who were four and two-years-old at the time. He later married another wife Jennie Muir Young whom he met in 1998 and they were married in 2000.
Mark Gordon Governor
Mark Gordon declined to run for Cynthia Lummis’s seat in the U.S. House of Representatives in 2016, the same seat he ran for in 2008, and instead ran for Governor of Wyoming in 2018. He won the Republican primary and then the general election. Mark Gordon and his wife Jennie Muir Young owns the Merlin Ranch east of Buffalo, also in Johnson County, Wyoming. In 2009, their ranch received the Society for Range Management Wyoming Section “Excellence in Rangeland Stewardship” award. They have four grown children: two sons and two daughters. He has been volunteering and serving in leadership positions for important Wyoming causes for nearly forty years.
He now serves on the boards of Volunteers of America Northern Rockies, Ucross Foundation and Willow Park Reservoir Company. He was previously on the Johnson County School Board, Wyoming Wildlife and Natural Resource Trust, Wyoming Stock Growers Tax Committee, Wyoming Environmental Quality Council, Wyoming Council for the Humanities, Northern Wyoming Mental Health Center, Powder River Conservation District, Johnson County Republican Party and the University of Wyoming College of Agriculture Sheridan Research and Extension Center Advisory Board.
Mark Gordon Congressional race
In 2008, Mark Gordon was an unsuccessful candidate in the Republican primary for the United States House of Representatives. His fellow Republican Cynthia Lummis is a former state treasurer and the wife of former Democratic state representative, Alvin Wiederspahn. Former U.S. Senator Alan K. Simpson of Cody, considered a moderate Republican, defended Gordon’s candidacy though he stopped short of an outright endorsement because he is also friendly with Lummis.
Nevertheless, former U.S. Senator Malcolm Wallop did endorse Gordon as he did to the late Joseph B. Meyer, who was serving as a state treasurer at the time. In the primary, he garnered the endorsements of Wyoming’s two most prominent statewide newspapers: The Casper Star-Tribune and the Wyoming Tribune Eagle. Though polls and the financial advantage rested with Gordon in the primary campaign, he nevertheless lost the party nomination to Lummis.
Mark Gordon State Treasurer
Mark Gordon was sworn in as treasurer on November 1, 2012, by Wyoming Supreme Court Justice William Hill. Gordon was elected to a full term as treasurer in the 2014 Republican primary election. Under Gordon’s leadership, Wyoming’s portfolio grew from $15 billion to nearly $21 billion. Nationally, Mark was elected to serve as Western Regional Vice President of the National Association of State Treasurers. He has earned recognition three years running for his leadership and expertise. The Sovereign Wealth Fund Institute named him one of the “Top 100 Most Significant and Impactful Asset Owners and Public Executives.
” In 2016, under Gordon’s leadership, Wyoming’s portfolio was ranked 3rd in the world for transparency by the Peterson Institute for International Economics. As a State Treasurer, he had a success on modernizing the professionalizing Office of State Treasurer. Working with voters and the Wyoming Legislature, Gordon helped craft an amendment to Wyoming’s Constitution which would allow the Legislature to designate certain funds of the State to be invested in stocks as well as bonds. The amendment passed in 2016.
Mark Gordon to raise $500 million for new hotel development fund
Tribeca Associates’ Mark Gordon has announced plans to launch a new hotel-focused fund. According to The Real Deal, Gordon is looking to raise nearly $500 million in debt and equity for the fund. “We see opportunity in acquiring existing, income-producing hotels that are already performing well but where we can effectuate enhanced cash flow…through a combination of change of management, brand, physical improvements, creative food and beverage concepts and the like,” he told The Real Deal. “The acquisition strategy is all about minimizing risk while generating core-plus returns.”
Gordon has partnered with Joe Vassallo, formerly of Deutsche Bank and Natixis, to head the new Intrinsic Hotel Capital fund, which will be separate from Tribeca Associates. They plan to purchase about 10 U.S. hotels within the next two years in both the select- and full-service sectors. “It’s really an asset-specific hotel strategy,” Gordon said. “I’ve found that there are good opportunities in bad markets and bad opportunities in good markets.” The U.S. hotel market has remained strong although New York has experienced low RevPAR and escalating expenses over the last few years.
As of May, 191,832 new guestrooms were under construction nationwide, according to a recent STR report—a 16.4-percent increase year-over-year. However, the industry continues to struggle with various challenges, including serious competition from short-term rental company Airbnb, which is backed by more than $3 billion in venture capital. In April, various documents were leaked showing that the hotel industry has been pushing for anti-Airbnb legislation. Gordon launched the Tribeca Associates development firm with Bill Brodsky and Elliott Ingerman in 2010.
The developer is known for constructing the Baccarat Hotel and Residence in New York City with Starwood Capital Group. Chinese insurer Sunshine Insurance Group acquired the hotel component in 2015 for $230 million, $2.1 million per key, a record price for a U.S. hotel at the time. Gordon also held a position at Sonnenblick-Goldman. Afterward, he led Cushman & Wakefield’hotel practice. The property only has two condo units remaining on the residential side. Gordon still runs four active projects with Tribeca, including the renovation of two office buildings at 30 Broad Street and 130 West 42nd Street.