andrew beal
Wednesday, September 30th, 2009He made his fortune in banking and real estate, and is the founder and chairman of Beal Bank and Beal Aerospace Technologies Beal is also known for his high-stakes poker and mathematics activities. [...] After the September 11, 2001 attacks, Beal once again went against what some call “common business sense”, and began buying aircraft debt. [1]
He made his fortune in banking and real estate, and is the founder and chairman of Beal Bank and Beal Aerospace Technologies. [...] A blackjack player in his youth, in 2001 Beal began visiting the Bellagio in Las Vegas to participate in high stakes poker games, especially heads-up Texas hold ‘em. [2]
At age 19, Beal bought a house for $6,500 (USD) and started renting it for $119 per month, which eventually led to his first net gain as a businessman. [...] During his years in high school, he would earn money by fixing televisions and installing apartment alarms, and with his friends he began to relocate dislodged houses. [...] During several visits between 2001 and 2004, Beal played a syndicate of professional poker players known as “The Corporation”, which included Doyle Brunson, Chip Reese, Todd Brunson, Ted Forrest, Jennifer Harman, Howard Lederer, Phil Ivey, Gus Hansen, Barry Greenstein, Chau Giang, and others. [1]
During several visits between 2001 and 2004, Beal played a syndicate of professional poker players known as “The Corporation”, which included Doyle Brunson, Todd Brunson, Ted Forrest, Jennifer Harman, Howard Lederer, Phil Ivey, Gus Hansen, Barry Greenstein, Chau Giang, and others. [2]
These included loans made to businesses in Palau, and the United States Virgin Islands, where some local businesses had borrowed money from American institutions after Hurricane Hugo. [...] Beal, who had excelled on his high school debate team, enrolled at Michigan State University and subsequently attended Baylor University in Texas. [...] His business strategy paid off, and in 1988, he was able to open his first bank in Dallas. [1]
Opponents included Todd Brunson, Jennifer Harman, Ted Forrest, and others. [2]
Passion for poker: has gone head to head with pro players Doyle Brunson and Phil Ivey in some of the highest-stakes private games ever played. [3]
He figured the airlines would recover from the tragedy; aircraft debt prices were very low at the time following the attacks, and Beal bought them expecting to sell them once they rebounded in price. [1]
Bought New Jersey rental home at age 19. [3]
Sources:
[1] Andrew Beal - Wikipedia, the free encyclopedia
[2] Andrew Beal - PokerWiki
[3] #317 Andrew Beal - Forbes.com