Richest MU alums?

[PBRme]

I beleive one of the founders of the Weather Channel, weather.com et al is a grad and donated a pile to the communication department

[PBRme]

Also Michael Cudahy sold Marquette Electronics to GE for somewhere around $400 Mill.  That should at least put him on the leader board

[bma725]

Also Michael Cudahy sold Marquette Electronics to GE for somewhere around $400 Mill.  That should at least put him on the leader board

He's got to be fairly high on the leaderboard, given that he was already very rich before starting Marquette Electronics due to his family's wealth from the meat packing business.  Not only that, but after he sold out to GE, he invested some of his money in another medical company called TomoTherapy, that is worth close to $100 million.

[muballer10]

Is Dick Strong (voluntarily or otherwise) retired?  Based on seeing him on TV at, I believe, three different college basketball games in the last week, I don't know how he would have time to do any actual work.

Retired would be a good word for it. I believe his career options are severely limited at the moment, and have been for years now. His Strong funds were always around Milwaukee primarily, so I would assume that might have something to do with his MU connection.

[GGGG]

Retired would be a good word for it. I believe his career options are severely limited at the moment, and have been for years now. His Strong funds were always around Milwaukee primarily, so I would assume that might have something to do with his MU connection.

People that wealthy create their own career options.  It's not as though he's sitting around waiting for someone to hire him.  He can always start his own company if he wants to work.

[muballer10]

People that wealthy create their own career options.  It's not as though he's sitting around waiting for someone to hire him.  He can always start his own company if he wants to work.

Do you know who Dick Strong is?

http://money.cnn.com/magazines/fortune/fortune_archive/2003/11/24/353793/index.htm

I repeat...I do not see him pushing suitors away by the dozens. He was a fund manager investigated by the SEC. That would essentially be like allow Bernie Madoff to start another fund (not nearly as bad as him, but same idea of distrust).

[GGGG]

Do you know who Dick Strong is?

http://money.cnn.com/magazines/fortune/fortune_archive/2003/11/24/353793/index.htm

I repeat...I do not see him pushing suitors away by the dozens. He was a fund manager investigated by the SEC. That would essentially be like allow Bernie Madoff to start another fund (not nearly as bad as him, but same idea of distrust).

Who said that he would have to start another mutual fund?  In my line of work, I know a number of wealthy people including some who came from "disgraced" situations.  Many of them cash out and retire.  Many more don't like sitting still and put their money to work in all sorts of ways. 

Look at this quote from the article you posted:  "Dick is the only man he knew who finds work, rather than rest, to be the perfect remedy for exhaustion."

I mean, do you really think that he is sitting there with his tens of millions of dollars looking for something to do...but not finding anything???

[muballer10]

"Putting your money to work" is not the same thing as working. I'm sure he is not just sitting on his money.

Dick Strong's "work" has been in the investment industry for over 30+ years. He was caught manipulating the system, and screwing his investors out of their own money to put into his own pocket. Do you think he is working again? That stink does not go away. He could surely "put his money to work" somewhere, invest it in a business, take on an owership role, etc...but "work" in his capacity is out of the question. No one in the investment industry would touch him. Even outside of it, would you trust someone who so publically stole from his clients?

[GGGG]

"Putting your money to work" is not the same thing as working. I'm sure he is not just sitting on his money.

Dick Strong's "work" has been in the investment industry for over 30+ years. He was caught manipulating the system, and screwing his investors out of their own money to put into his own pocket. Do you think he is working again? That stink does not go away. He could surely "put his money to work" somewhere, invest it in a business, take on an owership role, etc...but "work" in his capacity is out of the question. No one in the investment industry would touch him. Even outside of it, would you trust someone who so publically stole from his clients?

He can take ownership in a business but not "work?"  LOL...OK....   

[muballer10]

ummmm....yes. I'm not sure what is funny about that. You can purchase a portion, or even all, of a company and keep the current management structure in place.

[GGGG]

ummmm....yes. I'm not sure what is funny about that. You can purchase a portion, or even all, of a company and keep the current management structure in place.

No one at that level just purchases a significant portion of a business without being involved in some way.  That's just silly.

[muballer10]

I was just trying to portray that "work" as he had known it for 30+ years was over. He was banned from the industry because of his misdeeds.

He actually has started his own "fund", if you could call it that. It is called Baraboo Growth and I think it is in Mequon. Him and his wife started it to manage their own money, which I'm assuming is all that he is legally allowed to do. You were correct, he is certainly keeping busy.

[THEbig0]

The wealthiest alum is Saudia Arabian.  I can't remember the name, but he is one of the top people in the Saudi government in charge of the oil industry.

[Ari Gold]

I thought I remember hearing that the heir to Wal-Green's $ was an MU attendee. but I'm not sure what he's up to now, besides sitting on a trust fund. he'll be rich one day?

StrongFunds used to be close to my house. it's a wells fargo now. I'm with MUballer - Dick Strong at 68 years old won't be relevant in a business sense ever again.

[PBRme]

Right Warren Buffet at alost 80 is completely irrelevant

[muballer10]

I hate to speak for other, but pretty sure Ari was focusing on Dick being 68 AND starting over....not him just being 68.

If you give Buffett the bad PR Strong had and forced him to sell everything he built up and told him to start over....then ya, he would be done.

[Tugg Speedman]

Here is my guess of Alumni that have a larger net worth than D. Wade, in no particular order ....
(remember that many of these guys have had 40+ years to invest their earnings in the market.  40 years ago the Dow Jones was less than 1000.  D. Wade has probably lost a third of his 2003 to 2007 earnings in the market decline of the last three years.)

Dan Fuss, Vice Chairman of Loomis Sayles (Boston)
Tom Warner, CEO of Sun Power (Silicon Valley)
Saeed Mubarak Al-Muhannadi, Deputy Chairman, Gulf International Services (Doha Qatar)
Turki Bin Nasir Moha Al Mutawa, Director, Yamahmah Saudi Cement (Saudi Arabia)
Nassar Al Muttawa, Director Almarai Co Ltd (Saudi Arabia)
Dr. William F Banholzer, Chief Technology Officer, Dow Chemical
Greg Casciaro, CEO Xtent (Menlo Park, CA)
Robert Conway, CEO Array BioPharmia Inc (Boulder CO)
Todd Cozzens, CEO PICIS (Wakefield MA)
Bob Deuster, CEO Newport Corp (Irvine CA)
John Drecoll, CEO Broadwind Energy (Naperville IL)
Chris Ebert, CEO Bikers Dream (Riverside CA)
John Flaherty, Carlyle Group Global Infrastructure Buyout Group (Washington DC)
Darren Jackson, CEO Advanced Autoparts (Roanoke VA)
Jeff Joerres CEO Manpower Inc (Milwaukee)
John Kucharski, Former Chairman Nashua Corp (Nashua NH)
John Langdon, CEO Hickory Farms (Maumee OH)
Jim Keyes, Former Chairman LSI (Milpitas CA)
Brian Kristofek, CEO of Upshot Corp (Mountain View CA)
Chris McGuire, CIO Phalanx Capital (Chicago)
John Mikulsky, CEO of Endwave (San Jose CA)
Tom Paprocki, CEO Ziegler (Chicago)
Wilmer Pergande Chairman, Consolidated Water (Cayman Islands)
Beth Prtichard Former CEO Dean & Deluca, Bath and Body Work, Victoria Secret Stores (NYC)
Askok Rao, Vice-Chairman Intelli-check (Prt Townsend WA)
Wayne Sanders, CEO Dr. Pepper Snapple Group (Plano TX)
Bill Schroeder, Founder Priam, CEO Oxford Semi (Milpitas CA)
Bill Stone, CEO/Founder SS&C Technologies (Windsor CT)
Charles Swoboda, CEO Cree (Durham NC)
Bob Trussell, Vice Chairman, Tempur-Pedic (Lexington KY)
Bob Van Schoonenberg, Chairman/CEO Baypoint Capital (Boston)
John Zillner CEO Univar NV (Netherlands)

[muballer10]

You forgot one

Jim Bianco, president of Bianco Research, LLC.

[Tugg Speedman]

You forgot one

Jim Bianco, president of Bianco Research, LLC.

I wish

[Sir Lawrence]

Should Eckstein be on your list? 

[4everwarriors]

Add EAT---Chief cook and bottle washer, occasional ticket taker,--- Badger Bus Depot (Madison, WI)

[Tugg Speedman]

No list can ever be complete but I think their is enough names out their that Wade is not (yet?) in the top 10.

My guess as to the richest alumni might be the two saudis that studied engineering in the 1980s in the list above.  I believe they are members of the royal family.  If so, they might be richer than Bill Gates (Forbes once did a story saying the royal family essentially owns Saudi Arabia.  If you believe this, they put the family's net wealth at well over $1 trillion.)

[Warriors4ever]

What I want to know is, how come I never met any of these people?

[PBRme]

Maybe they didn't spend much time in the GYM?

[mugrad99]

Here is my guess of Alumni that have a larger net worth than D. Wade, in no particular order ....
(remember that many of these guys have had 40+ years to invest their earnings in the market.  40 years ago the Dow Jones was less than 1000.  D. Wade has probably lost a third of his 2003 to 2007 earnings in the market decline of the last three years.)

Dan Fuss, Vice Chairman of Loomis Sayles (Boston)
Tom Warner, CEO of Sun Power (Silicon Valley)
Saeed Mubarak Al-Muhannadi, Deputy Chairman, Gulf International Services (Doha Qatar)
Turki Bin Nasir Moha Al Mutawa, Director, Yamahmah Saudi Cement (Saudi Arabia)
Nassar Al Muttawa, Director Almarai Co Ltd (Saudi Arabia)
Dr. William F Banholzer, Chief Technology Officer, Dow Chemical
Greg Casciaro, CEO Xtent (Menlo Park, CA)
Robert Conway, CEO Array BioPharmia Inc (Boulder CO)
Todd Cozzens, CEO PICIS (Wakefield MA)
Bob Deuster, CEO Newport Corp (Irvine CA)
John Drecoll, CEO Broadwind Energy (Naperville IL)
Chris Ebert, CEO Bikers Dream (Riverside CA)
John Flaherty, Carlyle Group Global Infrastructure Buyout Group (Washington DC)
Darren Jackson, CEO Advanced Autoparts (Roanoke VA)
Jeff Joerres CEO Manpower Inc (Milwaukee)
John Kucharski, Former Chairman Nashua Corp (Nashua NH)
John Langdon, CEO Hickory Farms (Maumee OH)
Jim Keyes, Former Chairman LSI (Milpitas CA)
Brian Kristofek, CEO of Upshot Corp (Mountain View CA)
Chris McGuire, CIO Phalanx Capital (Chicago)
John Mikulsky, CEO of Endwave (San Jose CA)
Tom Paprocki, CEO Ziegler (Chicago)
Wilmer Pergande Chairman, Consolidated Water (Cayman Islands)
Beth Prtichard Former CEO Dean & Deluca, Bath and Body Work, Victoria Secret Stores (NYC)
Askok Rao, Vice-Chairman Intelli-check (Prt Townsend WA)
Wayne Sanders, CEO Dr. Pepper Snapple Group (Plano TX)
Bill Schroeder, Founder Priam, CEO Oxford Semi (Milpitas CA)
Bill Stone, CEO/Founder SS&C Technologies (Windsor CT)
Charles Swoboda, CEO Cree (Durham NC)
Bob Trussell, Vice Chairman, Tempur-Pedic (Lexington KY)
Bob Van Schoonenberg, Chairman/CEO Baypoint Capital (Boston)
John Zillner CEO Univar NV (Netherlands)

Not every CEO is a multi-millionaire. There are a couple on this list I know personally, that are nowhere near D-Wade money.