Age, Biography and Wiki

Sam Wyly (Samuel Evans Wyly) was born on 4 October, 1934 in Lake Providence, Louisiana, U.S., is an American businessman. Discover Sam Wyly's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 89 years old?

Popular As Samuel Evans Wyly
Occupation Businessman, philanthropist, author
Age 89 years old
Zodiac Sign Libra
Born 4 October 1934
Birthday 4 October
Birthplace Lake Providence, Louisiana, U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 4 October. He is a member of famous businessman with the age 89 years old group.

Sam Wyly Height, Weight & Measurements

At 89 years old, Sam Wyly height not available right now. We will update Sam Wyly's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Sam Wyly's Wife?

His wife is Rosemary Wyly (m. 1960-1976) Victoria Steele Wyly (m. 1978) Cheryl Wyly (m. 1994)

Family
Parents Charles Sr. and Flora Wyly
Wife Rosemary Wyly (m. 1960-1976) Victoria Steele Wyly (m. 1978) Cheryl Wyly (m. 1994)
Sibling Not Available
Children 6

Sam Wyly Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Sam Wyly worth at the age of 89 years old? Sam Wyly’s income source is mostly from being a successful businessman. He is from United States. We have estimated Sam Wyly's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income businessman

Sam Wyly Social Network

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Timeline

1934

Samuel Evans Wyly (born October 4, 1934) is an American businessman.

Sam Wyly was born in 1934, to parents Flora and Charles Wyly Sr. of Lake Providence, Louisiana.

His ancestors included Presbyterian and Episcopalian ministers, college founders, and teachers.

Wyly's paternal grandfather was a lawyer who managed plantation assets and helped poor Black convicts get paroled from Angola Prison.

His maternal grandfather was a doctor.

He began working at an early age, helping his parents publish a weekly newspaper titled The Delhi Dispatch in Richland Parish.

He sold advertising, wrote stories, sent telegrams for oil and gas workers, folded and addressed the finished papers, delivered daily newspapers from the bus stop on Highway 80, and cleaned the printing presses.

He spent his summers working in the Delhi Oil field.

1952

Wyly attended Delhi High School, graduating in 1952.

During his senior year, he served as student body president.

He played nose guard on his high school football team.

Wyly attended Louisiana Tech University where he studied journalism and accounting.

During this time he sold class rings.

Wyly was elected class president and student senate president.

1957

Wyly earned an MBA at the University of Michigan in Ann Arbor in 1957, where he chose the nickname "Sam".

After Michigan, Wyly went to Air Force Boot Camp in San Antonio and to Dallas for a job with IBM.

He and Ross Perot were classmates at IBM's education center.

Three and a half years later, Wyly left IBM for Honeywell, establishing their computer business in Dallas, Ft. Worth, and Oklahoma.

When Honeywell rejected his plan for a new technology computing center to replace the obsolete Univac at SMU, he quit.

1963

In 1963 Wyly founded University Computing Company (UCC), to serve engineers, scientists, and researchers.

He capitalized the company with $1,000 and commitments from customers including Sun Oil Company, Texas Instruments and SMU, and $650,000 borrowed from the First National Bank in Dallas.

1965

The company went public in September 1965, the month his twin daughters, Laurie and Lisa, were born.

In four years, UCC stock gained 100–1 over its IPO price.

Many employees and early investors became millionaires.

1967

In 1967 he bought the ten-store restaurant chain Bonanza Steakhouse which served steak and potatoes and salad for $2.

Wyly ran TV ads using the actors who played "Hoss", "Little Joe" and "Pa Cartwright" from the TV series Bonanza.

Bonanza grew from 10 to 600 restaurants[3] when he sold it to John Kluge.

1968

In 1968 he acquired Gulf Insurance to help fund his ambition of a nationwide digital network to compete with AT&T, then the national telephone monopoly.

Gene Bylinsky of Fortune wrote, "Sam Wyly builds a telephone company for computers."

In his 1968 keynote speech to the Spring Joint Computer Conference in Atlantic City, Wyly said, "The computer user has dialed into a Busy Signal.".

Also in 1968 he co-founded Earth Resources Company, an oil-refining and silver-mining company, that built a refinery in North Pole, Alaska to make jet fuel for airplanes flying to Asia over the Arctic Sea for overnight air mail delivery.

1969

By 1969, it was one of only five companies headquartered in Texas with a market capitalization of $1 billion or more.

2000

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.

His recent wealth stems from ownership stakes from Sterling Software and Michael's, an American art supply store.

2007

Cheryl and Sam Wyly purchased Explore Booksellers and Bistro in January 2007.

2008

Wyly's memoir, 1,000 Dollars & an Idea, was published in September 2008.

2010

In 2010 following a series of investigations, Wyly was charged with federal tax fraud by the SEC and IRS.

2011

His illustrated biography, Beyond Tallulah, How Sam Wyly Became America's Boldest Big-Time Entrepreneur, by Dennis Hamilton (Melcher Media) was published in 2011.

2014

Following his settlement with federal authorities, and declared bankruptcy in 2014.