Billionaire Profile

Global Rank

#2851

Image: U.S. Navy photo by Mass Communication Specialist 1st Class Brien Aho | Public domain | via Wikimedia Commons

Jeffrey Michael & family

CEO, Data management

UNITED STATES

Real-Time Net Worth

$1.224B

Estimated based on Data management stock value as of March 6, 2026

+2.86% (24h)

Age

Source

Data management

Industry

Technology

Citizenship

UNITED STATES

Biography

Jeffrey Michael, born in 1955/1956, is a prominent figure in the data management and healthcare technology sectors. Co-founding CorVel Corporation in 1987, he played a pivotal role in transforming the company into a leading provider of risk management solutions. His family holds a significant 38% stake in CorVel through Corstar Holdings, Inc. Residing in Minnetonka, Minnesota, Michael is known for his strategic investments and leadership. As of April 2022, his net worth was estimated at $1.1 billion USD. In 2024, CorVel generated $795 million in revenue.

Fact Checked

Verified by Editorial Team

Live Data

Updated 3/6/2026

Wealth Over Time

Portfolio Holdings

CorVel Corporation

In-Depth Profile

Early Life

Born around 1955 or 1956, Jeffrey Michael's early life details are limited. However, he is known for his entrepreneurial spirit and his drive to create successful ventures.

Rise to Success

Jeffrey Michael co-founded CorVel Corporation (originally named FORTIS) in 1987 with Gordon Clemons and Jim Michael. The company started as a consolidation of three small vocational rehabilitation firms. Under Michael's leadership, CorVel grew into a national provider of risk management solutions for payors and employers. Michael and his family hold a significant stake in CorVel through Corstar Holdings, Inc.

Key Business Strategies

Michael's key strategy revolved around identifying and capitalizing on opportunities in the healthcare technology and data management sectors. By focusing on providing solutions for workers' compensation and risk management, he positioned CorVel for sustained growth. His involvement in the company's strategic direction and investment decisions through Corstar Holdings, Inc. has been pivotal in its success.

Philanthropy

Specific details on Jeffrey Michael's philanthropy are not readily available. However, he is known for his contributions to charitable organizations.

Career Milestones

1987

Co-founded CorVel Corporation

Co-founded CorVel Corporation (originally named FORTIS), a healthcare technology company.

Philanthropy & Social Impact

Philanthropy

Charitable Contributions

Undisclosed

Made significant contributions to various charitable organizations.

Business Philosophy & Leadership

Notable Quotes

"Specific quotes are unavailable in the search results."

Leadership Principles

Strategic Vision

Identifying and capitalizing on opportunities in the data management and healthcare technology sectors.

Investment Acumen

Making strategic investment decisions through Corstar Holdings, Inc., to foster growth.

Controversies & Challenges

N/A

No specific controversies

No specific controversies found in the search results.

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