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One on One with Buddy Fletcher

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Buddy Fletcher Biography
Buddy Fletcher Biography

Born on December 19, 1965, Alphonse Fletcher Jr., famously known as Buddy, was brought up in Waterford, Connecticut. During his childhood, Alphonse Sr., his father, worked for the Electric Boat Corporation as a technician while Bettye, his mother, was a teacher and later a social worker. He has two younger brothers, Todd, now a composer, and Geoffrey, a film director, screenwriter, and an Academy Award winner.

Marriage

Buddy Fletcher, an African American, married Ellen Pao, a Silicon Valley venture capitalist, in 2007 when he was a junior partner at a venture capital firm Kleiner Perkins Caufield & Byers. The two have a daughter together. They met while Aspen Institute fellows and have lived in different states, including San Francisco, over the years. The couple also has several houses in New York City. Before he married Pao, Fletcher was in a long-term relationship with Hobart V. Fowlkes J., commonly referred to as Bo.

Education

Fletcher, 53, graduated from Waterford High School at the top of his class. He later joined Harvard College in 1983, and in 1987, he was awarded a degree in Applied Mathematics. He also attended the Yale School of Forestry and Environmental Studies and attained a Master’s degree in Environmental Management in 2004.

Career

Named by Forbes in 2009as one the United States’ richest African Americans, with a net worth of approximately 150 million dollars, Fletcher began his career on Wall Street as an equities trader at Bear Stearns. Two years later, he joined Kidder after he was lured by the company’s huge compensation package, which included a basic salary of 100,000 thousand dollars and a bonus of 20-25 percent of his trading profits. He also founded Fletcher Asset Management (F.M.M), and by the time he was resigning from Kidder for what he termed as “racial discrimination,” his company had in business for about five years.

Foundation and Philanthropy

Fletcher has been generous with his health. Over the years, he has donated millions of dollars to different institutions such as the Metropolitan Museum of Art. In 1993, after the death of Reginald Lewis, his friend and adviser, Fletcher bequeathed one million dollars to the Reginald F. Lewis Memorial Endowment. The National Association of the Advancement of Colored People created the endowment after Lewis had requested his wife to give two million dollars to the organization. Another notable Fletcher’s major contributions includes creating the Alphonse Fletcher University Professor Fellowship program in 2004 to support professors in Harvard to improve race relations.

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