Now a billionaire several times over, Harold Simmons grew up in the extremely rural town of Golden, Texas, where he lived in a “shack” that had no plumbing or electricity. He still managed to make it to the University of Texas, and graduated Phi Beta Kappa with a B.A. and masters in Economics.
His first venture was a series of drugstores, the first of which was almost entirely financed with a loan. That became a 100 store chain that he sold to Eckerd for $50 million. From there he went on to become a master of the corporate buyout. He currently owns 6 companies traded on the NYSE, including Titanium Metals Corporation, the world’s largest producer of titanium.