BillionaireNet
family
Jeffrey Michael & family
Rank #2323
UNITED STATESTechnologyData management

Jeffrey Michael & family

Net Worth
$1.602B
-0.72% (24h)
Jeffrey Michael, born in 1955 or 1956, is a prominent figure in the technology industry, known for co-founding CorVel Corporation in 1987. His wealth originates from his involvement in data management and his stake in CorVel Corporation. As of April 2022, Forbes estimated his net worth to be $1.1 billion USD. In recent times, his net worth has been reported to be $1.58 billion USD. Michael and his family reside in Minnetonka, Minnesota.

The Full Dossier

Early Life

Jeffrey Michael was born in either 1955 or 1956. Little is publicly available about his early life, but he went on to become a significant entrepreneur and investor in the healthcare technology sector.

Rise to Success

In 1987, Jeffrey Michael co-founded CorVel Corporation, initially named FORTIS, alongside Gordon Clemons and Jim Michael. The company started as a consolidation of three small vocational rehabilitation firms. Under his leadership, CorVel grew significantly, becoming a leading provider of workers' compensation solutions. As of 2022, Michael held a 38% stake in CorVel through Corstar Holdings, Inc..

Key Business Strategies

Michael's key business strategy involved the consolidation and growth of vocational rehabilitation firms into a national provider of risk management solutions. He focused on expanding CorVel's services and client base within the healthcare technology industry. His primary source of wealth is data management in the technology industry.

Philanthropy

Jeffrey Michael is known for his philanthropic efforts and has made significant contributions to various charitable organizations. Specific amounts and details of his philanthropy are not readily available through search results.

Career Timeline

1987

Co-founded CorVel Corporation (originally FORTIS)

Co-founded CorVel Corporation, a consolidation of vocational rehabilitation firms.

Philanthropic Impact

Charity$XB

Unknown

Made significant contributions to various charitable organizations.

Wealth Trajectory