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2931
In the world today
Michael Dunlap

Michael Dunlap

M. Dunlap
-0.51% | - $-6.05M
$1.18 B ₹ 10,750 Cr
Real Time Net Worth #2931 Ranking as of 21 Feb 2026 By Forbes
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More on Michael Dunlap

Gender

Male

Age

62Y

Country

United States

Born On

January, 1964

Deceased

No

Relationship Status

Unknown

Children

Unknown

Education

University Of Nebraska-Lincoln - Bachelor'S & JD

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Finance)

Primary Organization

Nelnet

Titles

Executive Chairman

Sources of Wealth

Student Loans

Industry

Finance, Service

About Michael Dunlap

M ichael S. Dunlap is the Executive Chairman and co-founder of Nelnet, a prominent American conglomerate that deals in student loan servicing, education technology, and payment processing. He founded the company in 1996 with Stephen Butterfield, building it into a major player in the education finance sector. Dunlap served as CEO for many years, guiding Nelnet through its IPO in 2003 and diversifying its business model beyond student lending.

A graduate of the University of Nebraska-Lincoln with both undergraduate and law degrees, Dunlap is deeply rooted in the Lincoln business community. He also serves as a director for Union Bank & Trust, which is controlled by his family. His strategic vision has expanded Nelnet into renewable energy and telecommunications (ALLO Communications), ensuring the company's adaptability in a changing market.

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Quick Reads

Early Life and Background

Michael Dunlap is an American businessman, the cofounder and executive chairman of Nelnet (NYSE: NNI), a loan servicing and payment processing company based in Lincoln, Nebraska.

He started the company in the late 1990s with Stephen Butterfield (d. 2018). Dunlap is a graduate of the University of Nebraska-Lincoln and serves on the board of the Raikes School of Computer Science and Management.

  • Core Company: Nelnet, a loan servicing and payment processing company.
  • Founding: Started in the late 1990s.
  • Family Governance: His son Matthew is the chief business development officer; his nephew Jason Muhleisen is the president and CEO of the family-owned Union Bank & Trust.

Career Journey of Michael Dunlap

Michael Dunlap co-founded Nelnet and successfully guided it through its 2003 IPO. The company focuses on the financial technology and student loan servicing market.

His structural contribution is tied to building a massive financial servicing platform. The Dunlap family also owns Union Bank & Trust. His son, Matthew, serves as the chief business development officer, ensuring generational continuity.

  • IPO: Took the company public in 2003.

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Michael Dunlap's Timeline

Late 1990s:

Started Nelnet with Stephen Butterfield.

2003:

Took the company public.

Ongoing:

Continues as Executive Chairman.

Major Business Ventures and Investments

Michael Dunlap's wealth is concentrated in his founding equity in the publicly traded firm, Nelnet, and his family's private financial holdings.

  • Nelnet (NYSE: NNI): Cofounder and Executive Chairman.
  • Union Bank & Trust: Family-owned bank where his nephew serves as president and CEO.
  • Education: Graduate of the University of Nebraska-Lincoln.

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Philanthropy and Social Impact

Fashion, Style, and Lifestyle

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Quotes and Philosophy

No publicly available quotes.

Fun Facts & Trivia

  • He is the cofounder and executive chairman of Nelnet.
  • He cofounded the company in the late 1990s.
  • His nephew is the president and CEO of the family-owned Union Bank & Trust.
  • He is a graduate of the University of Nebraska-Lincoln.

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Sources & References

This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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