Meet The Skydiving Billionaire With Sky-High Returns [Forbes]
International Business Machines Corporation (IBM)
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Source: Forbes
t's a cloudy day in late January in Dayton, Ohio, and Larry Connor is rifling through a stack of property reports in his office, which overlooks Wright Brothers Airport's runway and a hangar that houses a replica of the Model B, one of the first airplanes. The walls are lined with framed mementos of his own firsts: a skydive out of a balloon at a record-breaking 38,139 feet; a mission to the International Space Station as one of the world's first private astronauts ; and a pioneering plunge to the bottom of the Mariana Trench, at 35,876 feet below sea level the deepest point on Earth. “You've got to be willing to take calculated risk, not stupid risk,” Connor says. That has been a winning strategy for him and his real estate firm, the Connor Group, which has led to three decades of astronomical returns and a $2 billion personal fortune. Since he cofounded the business in 1991, its investments in luxury apartments have generated an annual rate of return of 30.4%. That's almost unh
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