Michael Heisley Sr

Computer salesman became turnaround whiz. Used $150,000 profit from selling home and $10 million in bank loans to acquire Conco, maker of sewer and drain equipment. Expanded holdings; bought several near-bankrupt Rust Belt manufacturers. Today Heico operates 40 companies. Earnings generated through steel, construction, equipment. Founded private equity firm Stony Land Partners 2007; returned investors' money 2008 after credit crunch hit. Owns pro basketball's Memphis Grizzlies despite several efforts to sell team.