M ichael Krasny is a self-made American billionaire who founded the technology reseller CDW, now known as CDW Corporation. His entrepreneurial journey began in 1984 when he took out a small newspaper advertisement to sell his own used computer. The response was so overwhelming that he spotted a business opportunity. From his kitchen table, he started Computer Discount Warehouse, a direct marketer of computers, peripherals, and other technology products to businesses, government agencies, and educational institutions.
Krasny's direct sales model, which bypassed traditional retail channels, allowed him to offer competitive prices and build a highly efficient business. He grew CDW into a massive enterprise and took the company public in 1993. He served as the company's CEO until 2001 and as chairman until 2007, when he sold the company to the private equity firm Madison Dearborn Partners in a $7.3 billion leveraged buyout. This deal cemented his billionaire status. He has since focused on managing his wealth through his family office, and has also invested in professional sports as a minority owner of the NHL's Chicago Blackhawks.
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Michael Krasny is an American businessman, the self-made billionaire Founder and former Chairman/CEO of CDW Corporation (NASDAQ: CDW), a major provider of technology products and services for business, government, and education. His career is rooted in education, technology sales, and entrepreneurial ingenuity.
Krasny holds a B.A. from Roosevelt University and an M.A. in Education from Northeastern Illinois University. His entrepreneurial journey began with a gamble: he quit his job as a high school teacher and started CDW (Computer Discount Warehouse) in 1984 in his Chicago-area home, recognizing the immense, untapped domestic demand for discounted computer equipment through direct-to-consumer sales.
Michael Krasny's strategic genius was his commitment to the direct sales model (using phone sales and catalogs to bypass costly retail markups). He founded CDW in 1984, successfully building it into a dominant force in IT product distribution. The company successfully executed its IPO on the NASDAQ.
The pinnacle of his financial career was the $7.3 billion sale of CDW to the private equity firm Madison Dearborn Partners in 2007. This sale secured his multi-billion dollar fortune. His structural contribution is immense: pioneering the high-volume, low-cost IT distribution model that provided essential technology products to thousands of U.S. businesses and schools.
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Quits his high school teaching job; founds CDW (Computer Discount Warehouse) in his home (Founding).
CDW executes its successful IPO on the NASDAQ (Financial Milestone 1).
Sells his stake in CDW to Madison Dearborn Partners for $7.3 billion (Major Exit).
Continues as Founder and major investor, managing his liquid wealth (Executive Oversight).
Michael Krasny's wealth is concentrated in the liquid capital generated from the $7.3 billion sale of CDW to Madison Dearborn Partners and his private investments.
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Michael Krasny's social impact is structural, stemming from CDW's role in providing essential IT products and services to businesses and educational institutions globally. His personal philanthropy supports various community and educational initiatives (reflecting his background as a teacher).
His structural contribution is tied to the successful monetization of the direct sales model and the professionalization of IT product distribution.
Michael Krasny maintains the professional, pragmatic style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global technology and finance sectors.
Residing in Highland Park, Illinois, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to investment strategy, technology management, and philanthropy.
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-0.19% | -$2.50M
-0.25% | -$14.23M
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All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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