Officials believe Jacobs, a millionaire, shot and killed his wife, Alexandra, before killing himself in their $22 million home in Lake Minnetonka, reported the Minneapolis Star-Tribune.
Officials did not identify the two bodies in the home, but people close to the couple said that he shot her before turning the gun on himself, reported the Star-Tribune.
Family friend Dennis Mathisen described Jacobs as “upbeat” three days before the incident took place.
Businessman Irwin Jacobs, Wife Found Dead In Suspected Murder-Suicide https://t.co/NX6XdpYC2e
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“I talked with his son Mark yesterday, and he talked to both of them,” Mathisen told the newspaper. “He said Irwin seemed up.”
Jacobs and his wife were both 77, and they were married for 57 years.
In a statement, his children said that they “are heartbroken by this loss, and we ask that our privacy be respected as we grieve during this very difficult time,” reported Minnesota Public Radio (MPR), adding that the “family is shocked and devastated by the death of our parents.”
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Hennepin County emergency dispatchers received a call of a man and woman who was found dead in a bed at their home. A handgun was on the bed, Orono Chief Correy Farniok told MPR.
According to the Star-Tribune, Jacobs made his millions by purchasing and liquidating failed companies. At one point, he was worth $200 million.
“Critics branded Jacobs as ‘Irv the Liquidator’ for the way he took apart companies that he acquired, sometimes leaving big job cuts in his wake,” the public broadcaster said.
Jacobs, in 1985, said he had no regrets about how he handled his business.
The bodies were discovered in a bed next to a handgun by a routine visitor of the Minnesota residence.
“From my own personal accomplishments, I’m beyond whatever I dreamt I would be in my life. More important than that I feel good about what I do and I love what I do,” he said.
Meanwhile, Jacobs said at the time that he didn’t take offense to the “liquidator” moniker.
“We don’t buy companies, tear them down and sell them to the scrap mills. We have 500 locations throughout the world, 46 countries, 60,000 employees, $2 billion in revenues,” he was quoted by MPR as saying. “And I’m a raider. And that’s OK. I got no problem with it. Matter of fact, somebody said to me one time, ‘Are you offended by the [label] raider?’ I said, ‘It’s a very elite group.'”
Police said the two dead bodies were found in bed with a gun.
Two years later, Fortune magazine called him one of the top biggest corporate raiders, saying he had a $750 million “war chest” to work with, reported MPR.
“My love is not raiding. It’s creating. All my life, I’ve been looking for value where other people can’t find it,” he also said.
Jacobs also had a stake in the Vikings in the 1980s before selling off his share, noted MPR.
He’s not the same as Irwin M. Jacobs, the 85-year-old co-founder and former chairman of Qualcomm.
If you are in an emergency in the United States or Canada, please call 911. You can phone the National Suicide Prevention Lifeline on 1 800 273 8255. Youth can call the Kids Help Phone on 1800 668 6868.
In Australia, the suicide prevention telephone hotline at Lifeline is 13 11 14. You can also visit the Lifeline website at lifeline.org.au. Youth can contact the Kids Helpline by phoning 1800 551 800 or visiting headspace.org.au/yarn-safe