StartupsFortuneabout 3 hours ago
Sprecher turned $1,000 Buffett buyout into $85B ICE
5 min read
Jeffrey Sprecher bought near-bankrupt Continental Power Exchange from Warren Buffett's MidAmerican Energy for $1,000 in 1997, then founded Intercontinental Exchange in 2000. The company now has an $85 billion market cap, over 12,000 employees, and owns the NYSE. Sprecher's net worth is $1.2 billion.
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