How rich is Michael Heisley?
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He orchestrated the move of the group from Vancouver in 2001, after swearing to maintain the franchise in Vancouver when he bought it in 2000. In 2012 Heisley made a decision to sell the Grizzlies and step aside from every one of his corporate interests on account of his advancing age. The team declared on June 11, 2012, that Ubiquiti Networks creator Robert J. Pera would be buying the team, but Heisley will stay on board until the deal is finalized. Heisley expired on April 26, 2014, of complications of a stroke. He was 77.
Heisley, was created in Washington, D.C., grew up in Alexandria, Virginia, and had homes in Chicago, Illinois, and Jupiter Island, Florida. He appeared repeatedly to the Forbes rich list. Heisley was additionally involved in multiple business ventures, including: Heico Holding, Inc. After Heisley enlarged his holdings throughout the purchase of several close-insolvent Rust Belt manufacturing companies. As of 2009, Heico runs 40 firms, mainly in steel, building, and gear. He was instrumental in creating and running the Heisley Family Foundation.