Sam Wyly

@Entrepreneurs, Timeline and Life

Sam Wyly is an American entrepreneur who has converted several small business ventures into billion dollar companies

Oct 4, 1934

BillionairesAmericanUniversity Of MichiganBusiness PeopleLibra Celebrities
Biography

Personal Details

  • Birthday: October 4, 1934
  • Nationality: American
  • Famous: Entrepreneurs, Billionaires, University Of Michigan, Business People
  • Spouses: divorced) Cheryl Wyly, divorced) Victoria Steele Wyly (married 1978), Rosemary Wyly (married 1960-1976)
  • Siblings: Charles Wyly
  • Known as: Samuel E. Wyly
  • Universities:
    • University Of Michigan
    • University of Michigan
    • Louisiana Tech University
    • Ross School of Business

Sam Wyly born at

Louisiana, USA

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Birth Place

In 1960, Wyly married a lady named Rosemary but the couple separated after approximately fifteen years of being together.

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Personal Life

The ‘Sam Wyly Foundation’ was established by him in 1968, to help entrepreneurs who owned startup companies with their endeavors.

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Personal Life

In 1978, he married a woman named Victoria L. Steele, but this relationship too did not last long.

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Personal Life

Sam was born to Charles Wyly, Sr. and Flora Wyly on 4th October, 1934, in Lake Providence, Louisiana. He belonged to a poor family and provided a helping hand in his parents’ printing press.

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Childhood & Early Life

The boy completed his schooling and enrolled at the ‘Louisiana Tech University’, and after completing graduation, he joined the ‘Ross School of Business’ of the ‘University of Michigan’. He then completed his MBA in 1957, from this prestigious university.

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Childhood & Early Life

Soon after completing his post-graduation, this young man travelled to Dallas and got employed at the ‘Service Bureau Corporation’ of the world-renowned firm ‘IBM’ as a salesman.

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Career

He joined the ‘Honeywell International, Inc.’, after working at ‘IBM’ for about three and a half years as an area sales manager.

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Career

In 1963, he founded the computer service providing company named ‘University Computing Company’ (UCC). The initial investment in the company was just $1,000 and it dealt with only three customers. The following years saw rapid increase in company’s sales.

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Career

Sam, along with his brother Charles Wyly, purchased the chain of restaurants named ‘Bonanza Steakhouse' in 1967. After about twenty five years, they sold the chain and at that time it included around 600 restaurants.

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Career

He bought the company ‘Gulf Insurance’ in 1968, and around the same time, he co-founded the firm ‘Earth Resource Company’, where he remained the Executive Committee Chairman for more than twenty decades.

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Career

He founded a company named ‘University Computing Company’ in 1963. This firm was later renamed as ‘UCCEL Corp’. This was one of Wyly’s first investments which began with $1,000 dollars and rose to $1 billion in the following years with the capable entrepreneur’s witty strategies.

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Major Works