Pearse Lyons Net Worth 2024

Thomas Pearse Lyons^[1] (3 August 1944 – 8 March 2018) was an Irish businessman and the founder and President of Kentucky-based Alltech Inc., an American animal health and nutrition company that is centred on innovation, research and development.^[2] Lyons was considered an "entrepreneur, salesman, marketer and scientist all rolled into one", and was widely regarded in the agribusiness sector as an innovator and industry leader.^[2]

Lyons was born and raised in Dundalk, County Louth.^[3] He graduated from University College Dublin (UCD) with a first class honours degree in biochemistry.^[2] He worked in Harp Lager in Dundalk while at college. Lyons also graduated with a Master of Science in Brewing Science from the British School of Malting and Brewing (now the School of Biochemistry^[4]), University of Birmingham in 1968.^[5] In 1971 Lyons received a PhD Biochemistry, also from the University of Birmingham.^[5] He later started an MBA at UCD, but didn't complete it.^[6] He moved to Irish Distillers, which he described as his 'dream job'.^[6]

Lyons received an Honorary Doctorate from Heriot-Watt University in 2004.^[7]

In October 1980, Lyons set up Alltech in his garage, with an initial investment of $10,000.^[3][8] Lyons used his fermentation expertise to continue helping brewers,^[3] and the business was profitable by Christmas.^[6] Within the first year, Alltech did a million dollars' worth of business.^[6]

A few years later, Lyons turned his attention to animal feed in the belief that yeasts, enzymes and certain bacteria could help animals use feed more efficiently.^[9]

In May 2009, Alltech and the Muhammad Ali Center announced the creation of a joint charitable fund, the Alltech-Muhammad Ali Center Global Education and Charitable Fund.^[10]

In 2011, Alltech invested $9.5 million in its Tianjin facility.^[11] Alltech was the title sponsor of the 2010 FEI World Equestrian Games held in Lexington, Kentucky.^[12][13] Alltech also committed to sponsor the Alltech FEI World Equestrian Games™ 2014 in Normandy.^[14] In 2011, Alltech opened the Alltech Algae facility, located in Winchester, Ky. and the company is pursuing algae's applications in animal and human nutrition.^[15]

In 2012, Alltech was named to a top-10 Best Companies Supporting the Arts in America by the Americans for the Arts. The company received the award for its support of the local arts, its statewide music festival – the Alltech Fortnight Festival – in conjunction with the Games, its annual Alltech Vocal Scholarship Competition and its incorporation of the arts into its Sustainable Haiti Project.^[16]

Lyons also established Alltech's Lexington Brewing and Distilling Company, which includes a line of beers and spirits. In 2012, Alltech partnered with Ireland's Carlow Brewing Company to begin distilling its first genuine Irish whiskey.^[17]

The Pearse Lyons Distillery opened in St James' Church on Dublin's James's Street in September 2017.^[18][19]

Lyons met Deirdre Byrne when he was 17 and they were married in 1972.^[8] They had a daughter, Aoife, in 1973 and a son, Mark, in 1977.^[8]

In 2012, Lyons’ wealth was estimated to be in the region of €1.5bn^[20] and according to the Sunday Times Rich List^[21] he was the sixth richest Irish person.

Lyons authored more than 20 books and many research papers for scientific journals.^[22]

Lyons was named Business Person of the Year in 2012 by Business and Finance in Ireland.^[23] Also in 2012, Lyons received the Ireland-US Council's Award for Outstanding Achievement for strengthening economic ties between the United States and Ireland.^[24]

Lyons died on March 8, 2018,^[8] after which his son Mark took on the roles of President and chairman at Alltech.^[8] His daughter Aoife Lyons, Alltech's director of educational initiatives and engagement, died on April 18, 2019.^[25]

• Alltech
• Pearse Lyons – Alltech Symposium 2010 on YouTube