Michael Krasny (businessman)
Michael Krasny | |
|---|---|
| Born | 1952 or 1953 (age 71–72)[1] |
| Nationality | American |
| Education | University of Illinois |
| Occupation | Businessman |
| Known for | Founder of CDW Corporation |
| Spouse | Janet Krasny [2] |
| Children | 1 |
Michael Krasny (born 1952/1953) is an American billionaire businessman from Illinois. He is the founder and former chief executive officer of CDW Corporation, a direct seller of technical gadgets including computers and networking equipment.
Early life
[edit]Krasny grew up in a Jewish family in Illinois.[3][4] He graduated from the University of Illinois Gies College of Business in 1975.[1] He worked as a Toyota car salesman at his father's auto dealership in Arlington Heights, Illinois. In 1981, he quit his job as a car salesman and took some classes in computer programming but being unsuccessful in finding steady work, Krasny was forced to sell his own computer for cash. He placed a $3 ad in the Chicago Tribune and ended up selling his computer for a $200 profit.[4]
Career and retirement
[edit]Seeing the great demand for computers, Krasny began buying computers to resell them eventually forming MPK Computers. A year later he changed the name to Computer Discount Warehouse (CDW) and steadily grew the business. In 1993, he took CDW public.[4] Krasny retired in 2007 after selling the company to Madison Dearborn Partners for $7.3 billion.[1] According to Forbes, his first caller from 1982 was still a customer as of 2000.[1] Since 2009, as a hobby, Krasny has operated a woodworking shop in Northbrook, Illinois called Custom Woodworking Design, making plaques and awards.[4]
Personal life
[edit]Krasny is married, with one child. He lives with his family in Highland Park, Illinois.[1]
References
[edit]- ^ a b c d e "Forbes profile: Michael Krasny". Forbes. Retrieved October 17, 2019.
- ^ Profile, insidephilanthropy.com. Accessed December 27, 2023.
- ^ Jacob Berkman "At least 139 of the Forbes 400 are Jewish", Jewish Telegraph Agency, October 5, 2009.
- ^ a b c d CRN: "Michael Krasny – IT Sales Innovator" by Jeff O'Heir Archived September 30, 2012, at the Wayback Machine November 13, 2002