Sam Wyly

@Entrepreneurs, Timeline and Life ★ ★ ★ ★ ★ Sam Wyly is an American entrepreneur who has converted several small business ventures into billion dollar companies Billionaires American University Of Michigan Business People Libra Celebrities Sam Wyly is undoubtedly one of the most significant names in contemporary American business history. His life is an incredible rags to riches story, which inspires many people today. He was born to a working class family and from a tender age sought to help his parents in their business of printing press. He apparently developed an interest in entrepreneurship and learnt the tricks of the trade while working with his parents. At a time when a degree like Master of Business Administration was not really popular, this man completed his schooling and earned an MBA degree. He earned a scholarship and this helped Wyly complete higher studies in spite of belonging to a poor family. His capabilities earned him a job of a salesman at ‘IBM’. He enhanced his skills while working at the company and later got another job as an area sales manager. However, his innate entrepreneurship quality led him to establish his own firm named ‘University Computing Company’ which was formed with minimum investment. In due course of time, the same company established itself as one of the most renowned business ventures owing to the management and operating skill of Wyly. He has incorporated all the knowledge he gained at the university and at his work places into his business ventures and has been instrumental in building many companies through strategic investments

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 Information Detail 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 Humanitarian Works Founder of ‘Sam Wyly Foundation’ Notable Alumnis University Of Michigan Founder / Co-Founder Green Mountain Energy Sterling Software Uccel Birth Place Louisiana, USA Gender Male Father Charles, Sr Mother Flora Wyly Net Worth $20 Million as of Jan 3,2017 Sun Sign Libra Born in Louisiana, USA Famous as Entrepreneur

Louisiana, USA

Sam Wyly born at Unsplash Birth Place

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

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

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

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

Information	Detail
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
Humanitarian Works	Founder of ‘Sam Wyly Foundation’
Notable Alumnis	University Of Michigan
Founder / Co-Founder	Green Mountain Energy Sterling Software Uccel
Birth Place	Louisiana, USA
Gender	Male
Father	Charles, Sr
Mother	Flora Wyly
Net Worth	$20 Million as of Jan 3,2017
Sun Sign	Libra
Born in	Louisiana, USA
Famous as	Entrepreneur

Sam Wyly

American

Oct 4, 1934

Biography

Personal Details

Louisiana, USA