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Michael Krasny

Michael Krasny

M. Krasny
0% | + $0.00M
$1.29 B ₹ 11,733 Cr
Real Time Net Worth #2780 Ranking as of 21 Feb 2026 By Forbes

More on Michael Krasny

Gender

Male

Age

72Y

Country

United States

Born On

October, 1953

Deceased

No

Relationship Status

Married

Children

1

Education

University Of Illinois At Urbana-Champaign

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (IT Retail)

Primary Organization

CDW

Titles

Founder (Former)

Sources of Wealth

CDW (Sold)

Industry

Retail, Technology, Investments, Distribution

About Michael Krasny


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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Quick Reads


  • Founder of the technology reseller CDW (Computer Discount Warehouse).
  • Started the company in 1984 by selling his own computer through a newspaper ad.
  • Sold CDW to private equity in 2007 for $7.3 billion.
  • He pioneered the direct sales model for IT products to businesses.
  • He is a minority owner of the Chicago Blackhawks hockey team.

Early Life and Background


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.

  • CDW Corporation (Founder & Former Chairman/CEO): The core publicly traded asset, a major provider of technology products and services (IT infrastructure, hardware, software).
  • Retail Disruption: His success is built on pioneering the low-cost, direct-to-consumer model for computer hardware and software distribution.
  • Academic Background: He was a high school teacher and holds an M.A. in Education.
  • Strategic Exit: He sold his stake in CDW to Madison Dearborn Partners for $7.3 billion in 2007 (a major monetization event).

Career Journey of Michael Krasny


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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Michael Krasny's Timeline


1984:

Quits his high school teaching job; founds CDW (Computer Discount Warehouse) in his home (Founding).

1993:

CDW executes its successful IPO on the NASDAQ (Financial Milestone 1).

2007 (October):

Sells his stake in CDW to Madison Dearborn Partners for $7.3 billion (Major Exit).

Ongoing:

Continues as Founder and major investor, managing his liquid wealth (Executive Oversight).

Major Business Ventures and Investments


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.

  • CDW Corporation (Founder & Former Chairman/CEO): The core publicly traded asset, a major provider of technology products and services (IT infrastructure, hardware, software).
  • Retail Disruption: His success is built on pioneering the low-cost, direct-to-consumer model for computer hardware and software distribution.
  • Academic Background: He was a high school teacher and holds an M.A. in Education.
  • Strategic Exit: He sold his stake in CDW to Madison Dearborn Partners for $7.3 billion in 2007 (a major monetization event).

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Philanthropy and Social Impact


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.

Fashion, Style, and Lifestyle


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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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Founder of CDW Corporation (IT products and services).
  • He quit his high school teaching job to found the company in his home.
  • He sold his stake in CDW for $7.3 billion in 2007.
  • His company pioneered the low-cost, direct-to-consumer model for computer hardware and software.
  • He holds an M.A. in Education.
  • He is known for maintaining a private profile despite his vast corporate interests.
  • His wealth is tied to the successful monetization of IT product distribution.

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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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