Name: John Sperling
Fortune: Self Made (Apollo Group)
Net Worth: 1.5 Billion
Industry: Service
Billionaire World Rank: #512
Book: Rebel with a Cause - The Entrepreneur Who Created the University of Phoenix and the For-Profit Revolution in Higher Education
Amazon.com Rate:
Price: $24.50 - Buy Now At Amazon.com
From Forbes:
"Risked creation of for-profit University of Phoenix 1976 after bosses at San Jose State University turned down proposal. Today nation's largest private university system allows working adults to complete bachelor's, master's degrees in classroom or online. Went public as Apollo Group in 1994. Announcement last month that enrollment is slowing triggered massive selloff; shares down 15.5% in one day, wiping out $1.6 billion in value (market cap, at $17 billion two years ago, now hovering at $8.7 billion). John resigned as chairman in 2004; son Peter serves as Apollo senior vice president."
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