David G. Hanna, 34 – Wealth: $291.5 million

August 25, 2006 at 10:25 pm 4 comments

CEO of CompuCredit Corp.  http://www.compucredit.com/


David Hanna’s wealth is estimated on the basis of a prospectus that the company filed on April 23. The document showed he owned 13.8 million shares of the company, which sells credit cards to people whom traditional card issuers may deem too risky.

Based on a computer scoring program, CompuCredit identifies consumers who may have had credit problems in the past but who have recovered and now make reliable risks.

Hanna’s $291.5 million in estimated wealth was made on the basis that his company’s stock was selling for slightly more than $21 per share. Hanna founded the company in 1996 with the help of his brother Frank J. Hanna III, a money manager.

He basically started the company at 24

Entry filed under: Internet Startup.

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About Biz News

My Name is Bisi and this is my blog This blog features stories that I have read that I think are interesting . I usually bookmark the stories that I find interesting but they are getting too many . I have decided to catalog and share them on this site . I am not really promoting the site so you might have accidentally stumbled on it . Thanks for visiting .
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