Michel H. Heisley is the billionaire owner of the NBA's Memphis Grizzlies. The team announced on June 11, 2012, that Ubiquiti Networks founder Robert J. Pera would be purchasing the team, but Heisley will remain on board until the sale is finalized.
A computer salesman by trade, he used $150,000 from selling his home and $10 million in bank loans to acquire Conco, maker of sewer and drain equipment. Later Heisley expanded his holdings through the purchase of several near-bankrupt Rust Belt manufacturers. As of 2009, Heico operates 40 companies, largely in steel, construction, and equipment.
In 2012, Forbes put his net worth at $1.9 billion. Several other homes of his are mapped on this site.