Charles Corm II
Charles Corm II | |
|---|---|
| Born | Charles David Corm January 31, 1974 |
| Education | Lycée Saint-Louis-de-Gonzague, Paris Dauphine University (MSG), Columbia Business School (MBA) |
| Occupations |
|
| Known for | Founding CORMCO |
| Title | Founder and Managing Partner of CORMCO |
| Spouse | Lynn Dagher |
| Children | Carma, David |
| Parent(s) | David Corm, Maya Shahid |
| Relatives | Charles Corm (grandfather), Daoud Corm (great-grandfather), Georges Corm (cousin), Jamil Baroody (uncle) |
Charles Corm II (born January 31, 1974) is a Lebanese entrepreneur and investor who serves as Managing Partner of CORMCO, a private investment company he founded in 1998 and focused on public and private companies in the global tech, biotech, and real estate industries.[1][2][3] From 1998 to 2005, 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 25 years later, among the 10 most valuable companies in the world and two of the leaders of what has been called the AI revolution.[4][5][6] Charles is also a Board Member of the Charles Corm Foundation, a non-profit foundation guided to by the humanist vision of writer and industrialist Charles Corm, founded to promote and support Lebanon's cultural and natural heritage in partnership with Saint-Joseph University of Beirut.[7]
Early life
[edit]Charles was born on January 31, 1974, in Beirut, Lebanon into the prominent, wealthy, and influential Corm family. His mother, Maya Shahid, is a Lebanese painter and his father, David, is a Lebanese architect and businessman who played a significant role in Saudi Arabia's economic boom in the 1960s, before the kingdom became the world's largest oil producer in 1976.[8] He is the grandson of Lebanese writer and industrialist Charles Corm. His great-grandfather is Lebanese painter Daoud Corm.[8]
In 1975, when the Lebanese Civil War erupted, his parents sought refuge in Paris, where Charles grew up and attended school at Lycée Saint-Louis-de-Gonzague, a highly selective Jesuit school. He later attended Paris Dauphine University, from which he graduated in 1996 with an MSG in economics, management, and finance. During university, Charles briefly worked as a barman and fashion model.[8][9]
Charles then earned, in 2003, an MBA from Columbia Business School in New York City, where he lived seven years before returning to Beirut, Lebanon in 2003.
Career
[edit]Charles started his career in 1997 as a hedge fund analyst, covering US technology and biotechnology stocks on Wall Street.[9][4] In 1998, he quit his job to found CORMCO.[9][1][4]
Through CORMCO, Charles 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 10 most valuable companies in the world, and two of the leaders of what has been called the AI revolution.[9][5][10] Other notable investments include Emaar Properties in 2000, Qualcomm in 2003, and Biogen in 2005.[1][3] CORMCO was an early proponent of patient capital, whereas an investor is willing to forgo an immediate return in anticipation of more substantial returns down the road. This strategy helped CORMCO achieve superior investment returns from its inception in 1998 throughout 2024.[4][11][12]
Personal life
[edit]Charles now lives in Beirut, Lebanon. He is married to Lynn Dagher. They have two children, Carma and David. Charles is also, in his free time, an exhibited digital designer and yoga enthusiast.
References
[edit]- ^ a b c Electronic Data Gathering, Analysis, and Retrieval (EDGAR). "EDGAR". www.sec.gov. Retrieved 2024-05-25.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ^ Ginsberg, Ari. Investing in New Information Technology: The Role of Competitive Posture and Issue Diagnosis (Classic Reprint). FB&C Limited. ISBN 978-0-243-07486-0.
- ^ a b Bushnell, Mitch. "CORMCO - About". New York City: CORMCO LLC.
- ^ a b c d Huisman, Kuno J. M. Technology Investment. Springer Science & Business Media. ISBN 978-0-7923-7487-9.
- ^ a b Taggart, Crystal (2018). The AI Revolution: The Future of Profit. ISBN 978-1720461913.
- ^ Sahota, Neil (2019). Own the A.I. Revolution (1st ed.). McGraw Hill. ISBN 1260458377.
- ^ Zalzal, Zena. "Inside the Corm Building, a newly revived Beirut architectural icon". L'Orient Today.
- ^ a b c Franck Salameh Charles Corm: An Intellectual Biography
- ^ a b c d Kwatinetz, Mike; Wood, Danielle Kwatinetz. The Big Tech Score: A Top Wall Street Analyst Reveals Ten Secrets to Investing Success. John Wiley & Sons. ISBN 978-0-471-43665-2.
- ^ Huang, Ken (2023). Beyond AI: ChatGPT, Web3, and the Business Landscape of Tomorrow. Springer. ISBN 978-3031452819.
- ^ Hall, Tony (2016). "Best Financial Assets Management Company 2016". MEA Markets.
- ^ Wilson, Richard (2010). The Hedge Fund Book: A Training Manual for Professionals and Capital-Raising Executives. Wiley. ISBN 0470520639.