Price was born on July 3, 1951,[1] to a Jewish family[2] in Glen Cove, New York.
In 1995, with his mutual fund, he famously took a position in Chase Manhattan Bank of 11 million shares or 6.1% of their stock to force them "to sell divisions or take other actions" to find a buyer to elevate the value of their stock.
Chase ultimately was sold to Chemical Banking Corp. on August 28, in a deal valued at more than $10 billion and 70% higher than his initial purchases.
[7][8] Price donated tens of millions of dollars to his alma mater, the University of Oklahoma.
[10] The CGTM, which officially opened in June 2008 at the Albert Einstein College of Medicine in the Bronx, bears his name too.