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David Murdock, North Carolina Businessman, Passes Away at 102

  • David H. Murdock, a billionaire entrepreneur and philanthropist, passed away at the age of 102 on Monday at his property located in Thousand Oaks, California.
  • Murdock rose from humble beginnings, dropped out of school at 14, served in World War II, and built his fortune through real estate and corporate acquisitions including Dole Foods and Cannon Mills.
  • He transformed Kannapolis by buying Cannon Mills and the city property, then launched the North Carolina Research Campus in 2005 on the mill site to focus on nutrition research.
  • In September 2014, Murdock committed to providing $15 million annually in perpetuity to fund the David H. Murdock Research Institute, which is utilized by eight universities to conduct research in agriculture and health.
  • Murdock’s legacy includes revitalizing Kannapolis and advancing research on nutrition, with community leaders crediting him for the city's transformation and lasting impact.
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The Independent Tribune broke the news in on Wednesday, June 11, 2025.
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