Three years later he sold the building for more than $1 million. In 1976, he attended an auction of federal properties in Washington, DC and bid on an apartment building in Waco, TX.

Beal became known for buying properties, renovating them, and selling them. Business ventures and investments Real estate investing Īt age 19, Beal became a real estate investor when he bought a house in Lansing for $6,500 and started leasing it for $119 per month. īeal excelled on his high school debate team at Lansing Sexton High School and went on to enroll at Michigan State University, where he studied mathematics. He also started a business moving houses and managed rental properties. While attending high school he also installed apartment security systems. As a teenager, Beal began earning money by fixing and reselling used televisions with the help of his uncle. His siblings include an older brother and a younger sister. Early life and education īeal grew up in Lansing, Michigan, where his mother worked in state government, and his father was a mechanical engineer. Beal participated in some high-stakes poker games in the mid-2000s that were the subject of a book. His banks sponsor two annual science and technology fairs affiliated with the International Science & Engineering Fair. He has funded a $1 million standing prize for its proof or disproof. Ī number theorist, Beal is also known for the Beal conjecture, a mathematical generalization of Fermat's Last Theorem. According to Bloomberg Billionaires Index, Beal has an estimated worth of US$9.49 billion as of December 2021. Born and raised in Lansing, Michigan, Beal is founder and chairman of Beal Bank and Beal Bank USA, as well as other affiliated companies. He is a Dallas-based businessman who accumulated wealth in real estate and banking. Daniel Andrew Beal (born Novem) is an American banker, businessman, investor, and amateur mathematician.

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