Sam Wyly

Sam Wyly
Sam Wyly in 2022
Born
Samuel Evans Wyly[1]

(1934-10-04) October 4, 1934 (age 90)
Alma materLouisiana Tech University
University of Michigan, MBA
Occupation(s)Businessman, philanthropist, author
Political partyRepublican
Spouses
Rosemary Wyly
(m. 1960⁠–⁠1976)
Victoria Steele Wyly
(m. 1978, divorced)
Cheryl Wyly
(m. 1994, divorced)
Children6
Parent(s)Charles Sr. and Flora Wyly
RelativesCharles Wyly (brother)
Kimbal Musk (son-in-law)

Samuel Evans Wyly (born October 4, 1934) is an American businessman. He first appeared on Forbes's list of richest Americans in 2000 with a net worth of $750 million, and he remained on that list throughout 2010 with a net worth of $1 billion. His initial wealth was acquired following the public offering of University Computing Company.

Wyly's recent wealth stems from ownership stakes from Sterling Software and Michael's, an American art supply store.[2] In 2010 following a series of investigations, Wyly was charged with federal tax fraud by the SEC and IRS. Following his settlement with federal authorities, he declared bankruptcy in 2014.

  1. ^ Cite error: The named reference High School was invoked but never defined (see the help page).
  2. ^ Debter, Lauren. "Bankrupt Ex-Billionaire Sam Wyly Settles A $1.3 Billion Tax Bill—For Just $500 Million". Forbes. Retrieved April 6, 2022.