How rich is Sam Wyly?
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Sam Wyly net worth: Sam Wyly was born in Louisiana, in October 1934. He’s also a philanthropist and is an important contributor for Republican campaigns and candidates. Sam and his brother Charles Wyly, Jr. have frequently been referred to as the Wyly brothers. Sam Wyly graduated from Louisiana Tech University, the University of Michigan, as well as the Ross School of Business. In 1963 Wyly founded University Computing Company. He began the business with $1,000 and it went public in 1985 wand has $125 million in sales by 1971. Sam and his brother Charles purchased the restaurant chain Bonanza Steakhouse in 1967. Wyly obtained Gulf Insurance in 1986 and co-founded Earth Resources Company. He bought Computer Technology in 1970 and co-founded Sterling Software in 1981. In 1982 he bought controlling interest in the arts and crafts shop Michaels and in 1986 he bought the retail chain Frost Bros. Wyly co-founded the hedge fund Maverick Capital in 1990. His memoir 1,000 Dollars & an Thought: Entrepreneur to Billionaire was printed in 2008. The Internal Revenue Service filed claims for $3.2 billion dollars against Wily in April 2015.