David H. Murdock

David Howard Murdock (born April 10, 1923 in Ohio) is an American businessman. Forbes ranks him as the 130th-richest person in the "Forbes 400" list and 376th in the "World's Billionaires" list, with a net worth of US$3 billion as of March 2011. Murdock grew up in Montgomery Township, Ohio and dropped out of high school in the 9th grade. He was drafted by the U.S. Army in 1943 during World War II. After relocating to Detroit after the war, Murdock was homeless and destitute. However, due to a chance encounter with a good samaritan, he got a $1,200 loan to buy a closing diner, flipping it for a $700 profit ten months later. He moved to Arizona and began working there first in housing and then commercial real estate. When the real estate...