US Billionaire financier Thomas Lee dies at 78, family says

According to his relatives, a US billionaire banker who helped pioneer the debt-fueled company takeover known as a leveraged buyout has died.

Thomas H. Lee’s family issued a statement saying they were “very devastated” by the 78-year-old’s

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According to the New York Post, he died in his Manhattan office from a self-inflicted gunshot wound.

According to the New York Police Department, an unidentified 78-year-old male was discovered deceased at 767 Fifth Avenue on Thursday morning.

The location is where Thomas H. Lee Capital LLC’s offices are listed.

The police spokeswoman would not confirm that the guy died from a self-inflicted gunshot wound, stating that the cause of death will be determined by a medical examiner.

A statement by family friend and spokesman Michael Sitrick said: “While the world knew him as one of the pioneers in the private equity business and a successful businessman, we knew him as a devoted husband, father, grandfather, sibling, friend and philanthropist who always put others’ needs before his own.”