Charles Wyly, Jr. | |
---|---|
Born |
Lake Providence East Carroll Parish Louisiana, USA |
October 18, 1933
Died | August 7, 2011 Aspen, Colorado |
(aged 77)
Cause of death | Automobile accident |
Residence | Dallas, Texas |
Alma mater | University of Michigan |
Occupation | Businessman; Philanthropist |
Political party | Republican |
Spouse(s) | Caroline "Dee" Wyly |
Children | Four children |
Parent(s) | Charles, Sr., and Flora Wyly |
Relatives | Sam Wyly (brother) |
Charles Wyly, Jr. (October 13, 1933 – August 7, 2011), was an American entrepreneur and businessman, philanthropist, civic leader, and a major contributor to Republican causes and art projects in Dallas, Texas. This included $20 million to build a performing arts center in Dallas. In 2006, Forbes magazine estimated his net worth at $1 billion. His younger brother, Sam Wyly, is nearly equal in wealth; the two brothers were close with their business affairs, and were often referred to as the "Wyly brothers". Together the brothers had donated almost $2.5 million to more than two hundred Republican candidates and committees at the federal level over the past two decades. Wyly was inducted into the Louisiana Tech University Athletic Hall of Fame in 2003; he was a Bulldogs football player.
Born during the Great Depression, Charles Wyly was a child when the collapsed economy forced the surrender of his family's cotton farm in Lake Providence in East Carroll Parish in northeastern Louisiana. He and his younger brother went on to attend Louisiana Tech University in Ruston in the 1950s and then to work for IBM. Charles Wyly helped his brother, Sam, run their startup computer software company, University Computing, and later founded and led several other companies. He also was a former member of the White House Advisory Council for Management Improvement. During their lifetime, the Wyly brothers together gave more than ninety million dollars to a wide range of charities.