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Phil Falcone

Phil Falcone

(Photo by Fernando Leon/Getty Images for Haute Living)
(Photo by Fernando Leon/Getty Images for Haute Living)
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Chisholm Native Phil Falcone Buys Fredericks Of Hollywood

Even though he was born and raised in Chisholm, Minnesota - a lot of folks in the Northland might not recognize the name Phil Falcone;  But on Wall Street and in New York, he's made quite a name for himself.  As one of the nation's most-powerful investment bankers, Falcone is the founder of Harbinger Capitol and LightSquared - the company that got involved in Obama's solar-subsidies.  He also owns 40% of the Minnesota Wild hockey team.  As far as personal finances go, Falcone is ranked as the U.S.'s 188th richest person - with a personal net worth of $2.2 billion.

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