American businessman Michael Heisley has an estimated net worth of $1.9 billion according to Forbes. He is known to be the former majority owner of the NBA franchise, Memphis Grizzlies. In 2006, he decided to sell his controlling shares in the Memphis Grizzlies to a consortium which include Brian Davis and Christian Laettner for $300 million. However, the consortium failed to meet the deadline.

Michael E. Heisley Sr. was born on March 13, 1937 in Washington, D.C. USA. He is an alumnus of Georgetown University. He is currently married and has five children.

Currently, he is involved into several business ventures which include the Stony Lane Partners, Heico Acquisitions, The Heico Companies, LLC, and the Heico Holding, Inc.. As of 2009, Heico operated 40 companies which largely involved construction, equipment and steel.