Michael Heisley, Sr.’s profile picture

Michael Heisley, Sr.

Michael Heisley, Sr.’s profile picture
Net worth 2018: $1.9 Billion
Industry: Manufacturing
Country: United States
Children: 5
Education: Bachelor of Arts / Science, Georgetown University
BIOGRAPHY

Michael Heisley, Sr. was born in United States. Former billionaire Michael Heisley passed away in late April 2014 at age 77. He founded Heico Companies, a Chicago holding company that specialized in buying underperforming or bankrupt companies to turn them around. He started in 1979 by buying Conco, a maker of sewer and drain equipment, with $150,000 in profit from selling his home and $10 million in bank loans. Heico expanded and bought several struggling Rust Belt manufacturers. He bought the Vancouver Grizzlies NBA basketball team and moved them to Memphis. He sold the team to a group led by technology billionaire Robert Pera in 2012. The Grizzlies made the playoffs in 2011. Heisley was last on the Forbes Billionaires list in 2012. He fell off the list the following year.

NET WORTH STATISTIC
2010

$1.6 Billion

2011

$1.5 Billion

2012

$1.9 Billion

2018

$1.9 Billion

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