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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Ira Leon Rennert (born 1934, Brooklyn, New York) is a American investor and businessman. Using junk bonds to finance his acquisitions of companies, often in bankruptcy, Rennert has amassed significant holdings in basic, cyclical industries, such as mining and metals, including lead smelters, coal mines, magnesium producers and vehicle assembly lines. Today he controls one of the nation's largest privately held industrial empires, and his personal fortune is estimated to be $20.3 billion. Rennert is a graduate of Brooklyn College. He earned his master's degree from New York University's Stern School of Business, where he is currently on the Board of Overseers. Rennert started his career as a credit analyst on Wall Street in 1956. He also served briefly as a salesman for a typewriting company and a stock brokerage, before launching his own business, I.L.Rennert & Co. in 1962 based at a Beaver Street office in Lower Manhattan. At this time he was censured by the NASD for operating without enough capital. This occurred again in 1963 and his licence was revoked on November 29, 1964 and he was effectively banned from the securities industry.

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