Michael E. Heisley is an American

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 businessman who is the majority owner of the Memphis Grizzlies

Memphis Grizzlies

The Memphis Grizzlies are a professional basketball team based in Memphis, Tennessee, USA. The team is part of the Southwest Division of the Western Conference in the National Basketball Association . Along with the Toronto Raptors, the Grizzlies were established in 1995 as part of the NBA's...

. He orchestrated the move of the team from Vancouver in 2001, after promising to keep the franchise in Vancouver when he purchased it in 2000. He agreed in 2006 to sell his 70% controlling stake in the Grizzlies to a consortium including Christian Laettner

Christian Laettner

Christian Donald Laettner is a retired American professional basketball player and entrepreneur. He had a distinguished college and national career, and played in the National Basketball Association for thirteen seasons, from 1992–2005. He is presently a minority holder for the Major League...

 and Brian Davis

Brian Davis (basketball)

Brian Keith Davis is an American former college and professional basketball player who was selected by the Phoenix Suns in the 2nd round of the 1992 NBA Draft...

, but the group missed a deadline for the purchase and Heisley found no other bidder willing to meet the team's $300M asking price.

Personal life

Heisley, a computer salesman by background, was born in Washington, D.C.

Washington, D.C.

Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....

, grew up in Alexandria, Virginia

Alexandria, Virginia

Alexandria is an independent city in the Commonwealth of Virginia. As of 2009, the city had a total population of 139,966. Located along the Western bank of the Potomac River, Alexandria is approximately six miles south of downtown Washington, D.C.Like the rest of northern Virginia, as well as...

, and has residences in Chicago, Illinois, and Jupiter Island, Florida

Jupiter Island, Florida

Jupiter Island is a town on the barrier island of Jupiter Island in Martin County, Florida, United States. It has no post office and all mail comes from Hobe Sound on the mainland. The population was 620 at the 2000 census. It is part of the Port St. Lucie Metropolitan Statistical Area. In 2004,...

. He ia a graduate of Georgetown University

Georgetown University

Georgetown University is a private, Jesuit, research university whose main campus is in the Georgetown neighborhood of Washington, D.C. Founded in 1789, it is the oldest Catholic university in the United States...

, and is married with five children. He has appeared several times on the Forbes

Forbes

Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...

rich list.

Heisley is also involved in multiple business ventures, such as:

• Heico Holding, Inc.
• The Heico Companies, LLC
• Heico Acquisitions
• Stony Lane Partners

He is involved with the Heisley Family Foundation.