Michael Krasny Net Worth

Michael Krasny Net Worth

What is Michael Krasny’s Net Worth?

Michael Krasny is an American businessman with a net worth of $1.2 billion. As a self-made billionaire, he secured his place among the world’s richest individuals through his role as a founder and former CEO of CDW Corporation. CDW Corporation, established in 1984, is a provider of technical gadgets, including computers and networking equipment.

Highlights

– Michael Krasny has a net worth of $1.2 billion.
– He is the founder and former CEO of CDW Corporation.
– Krasny is a self-made billionaire.
– He sold CDW to Madison Dearborn Partners for $7.3 billion.
– Krasny is the President of Sawdust Investment Management Corp.
– He has donated over $350 million in shares to charity.

Early Life

Michael Krasny, of Jewish descent, was born in the United States. Unfortunately, specific details about his birthdate and birthplace are not available.

Krasny graduated from the University of Illinois at Urbana–Champaign. After completing his education, he initially worked as a Toyota car salesman at his father’s auto dealership. However, he was not satisfied with this job and decided to pursue computer programming. Financial constraints forced him to sell his own computer and recognize the growing demand for computers in the market.

This realization led Krasny to start buying and reselling computer units, which eventually led to the establishment of Computer Discount Warehouse (CDW) in 1984.

Career

After starting CDW, Michael Krasny transformed the company into a successful provider of technical gadgets, specializing in computers and networking equipment. His entrepreneurial spirit and business acumen contributed to CDW’s significant growth over the years.

In 1993, Krasny took CDW public, and the company continued to expand its operations under his leadership. In 2006, he sold CDW to Madison Dearborn Partners for a staggering $7.3 billion, further solidifying his financial success.

Currently, Krasny serves as the President of Sawdust Investment Management Corp., a position that allows him to continue utilizing his business expertise.

Personal Life

Michael Krasny is married and has one child. He currently resides in Highland Park, Illinois. Additionally, he is known for his philanthropic efforts, having donated more than $350 million worth of shares to various charitable causes.

Krasny focuses his charitable endeavors on supporting Jewish and medical causes, reflecting his commitment to making a positive impact beyond his financial success.

Net Worth Over Time

Michael Krasny’s net worth has consistently grown over time. Starting as a self-made billionaire, his success as the founder and former CEO of CDW Corporation significantly contributed to his current net worth of $1.2 billion.

Components of Net Worth

The main component of Michael Krasny’s net worth comes from his ownership stake in CDW Corporation. Additionally, his net worth is further enhanced by the sale of CDW to Madison Dearborn Partners for $7.3 billion.

Furthermore, Krasny’s successful investment management endeavors and his other financial ventures contribute to his overall net worth.

In conclusion, Michael Krasny is an American businessman who has achieved remarkable success in the world of business. From his early days as a car salesman to his founding and eventual sale of CDW Corporation, Krasny’s entrepreneurial journey exemplifies determination and vision. With a net worth of $1.2 billion, he continues to make a positive impact through his philanthropic endeavors while maintaining his financial success.

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