Craig McCaw Net Worth

Table – Craig McCaw Net Worth

What is Craig McCaw’s Net Worth?

Craig McCaw is an American businessman with a net worth of $2 billion. He has been one of the richest residents of Washington state for most of his adult life.

Highlights

– Craig McCaw has a net worth of $2 billion.
– He founded McCaw Cellular, which became the largest cellular phone company in the United States.
– McCaw Cellular was sold to AT&T for $12.6 billion in 1994.
– Craig McCaw founded the Clearwire Corporation, a national broadband company, in 2004.
– He is known for his philanthropic activities, including the Free Willy Foundation.

Early Life

Craig McCaw was born on August 11, 1949, in Centralia, Washington. He was the second of four boys in his family. His father, Bill McCaw, was a successful businessman who owned a chain of radio and television stations. Despite struggling with dyslexia, McCaw overcame his learning disability through hard work. He graduated from Stanford University in 1973.

Career

In the early 1980s, Craig McCaw saw the potential of the cellular phone industry and transformed his family’s struggling cable business into McCaw Cellular. Leveraging emerging technologies, McCaw Cellular became the largest cellular operator in the US. In 1994, he sold the company to AT&T for a staggering $12.6 billion. McCaw later founded Clearwire Corporation, focusing on wireless broadband services.

Personal Life

Craig McCaw was married to Wendy McCaw, a fellow Stanford alumna, for 21 years before their separation. They had a shared interest in entrepreneurship and philanthropy. After their divorce in 1997, Wendy received a $460 million settlement. Craig McCaw later married Susan Rasinski, with whom he shares a passion for environmental conservation.

Net Worth Over Time

Craig McCaw’s net worth skyrocketed in 1994 when he sold McCaw Cellular to AT&T for $12.6 billion. Since then, he has continued to invest in various ventures and his net worth has remained stable at around $2 billion.

Components of Net Worth

Craig McCaw’s net worth primarily consists of the proceeds from the sale of McCaw Cellular to AT&T. He also has investments in Clearwire Corporation and other ventures. Additionally, his net worth includes various properties, luxury vehicles, and philanthropic endeavors.

In conclusion, Craig McCaw is an American businessman with a net worth of $2 billion. He made his fortune by founding and selling McCaw Cellular, the largest cellular phone company in the United States. McCaw’s net worth remains stable due to his investments in Clearwire Corporation and other ventures. Through his philanthropic activities, such as the Free Willy Foundation, he has shown a dedication to making a positive impact beyond the business world. Craig McCaw’s success exemplifies his visionary leadership and strategic business acumen.

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