Craig McCaw Success Story

Craig McCaw is an American telecom entrepreneur who is listed in the Forbes List ofBillionaires ranked #1054th Billionaire for 2015 and ranked as #373rd in United States. He is the founder of the McCaw Cellular (now known as New Cingular Wireless Services) also part of AT & T Wireless in its previous form. Craig McCaw is called the pioneer in the cellular phone industry in the United States. He was instrumental in expanding the wireless broadband internet services across the length and breadth of United States through his company Clearwire Corporation by deploying broadband networks in markets ranging from major metropolitan areas to small rural communities. Craig McCaw Real Time Net Worth stands at $1.85 billion as on 28 August. 2015. 

Early Life :

Craig McCaw is born on August 11, 1949 in Centralia – Washington and is the second son of four sons of Marion and John Elroy McCaw. Craig’s father was a broadcasting magnate and was involved in the business of buying and selling of Radio Stations that earned him enormous wealth. John Elroy McCaw (Craig’s father) died in 1969 leaving with him huge debts. Craig McCaw took over his father’s cable TV business known with the name of Centralia Cable Company (the only company that was not sold to repay the debt) and ran it from his Stanford dorm room. Craig was in his senior year at Stanford University when he took over the cable TV business of his father and he has a firm desire of rebuilding his family name. 

Achievements :

Craig McCaw along with his brothers were able to expand the small cable subscription company named McCaw Cablevision into a profitable conglomerate by using the cash flows to purchase other cable companies and by the 1980’s – McCaw Cablevision emerged as the 20th largest cable carrier in the United States.  Early 1980’s saw Craig McCaw expanding the cable business and with the help of established firms, he acquired a credit line worth more than a billion dollar. Later on during the cellular licensing boom in United States, Craig switched into untested new business of cellular telephone services by incorporating a company known as McCaw Cellular in 1987.