Owner: George Shinn

Wealth: Business Colleges

Shinn graduated from Evans Business College in Concord, NC, in 1963. He liked the school so much, he bought it. He continued his buying spree, buying multiple 2 year colleges in the Southeast and consolidating them under the name Rutledge Education Systems. He sold these schools in 1985 for $30M. He bought the Charlotte expansion team for $32.5M a few years later.

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