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J.R.Simplot: At 14, Jack, by his own account, left home after his father refused to let him attend a basketball game. His mother gave him $20 in gold coins, and he moved into a $1-a-night hotel in a nearby town. There were teachers living in the hotel who were being paid in interest-bearing scrip. Jack bought them at 50 cents on the dollar and sold them to a bank for 90 cents on the dollar.

He used this profit to buy a rifle, an old truck and either 600 or 700 hogs (accounts vary) at $1 a head. He used the rifle to shoot wild horses, which - after stripping the hides for future sale at $2 each - he mixed with potatoes and cooked on sagebrush-fueled flames. The hogs ate the result. When he sold the fattened pigs, Mr. Simplot made more than $7,000.

That gave him capital to buy farm machinery and six horses and become a potato farmer. [...] A $1 million investment in two engineers working in the basement of a dentist's office in Boise made Mr. Simplot the largest shareholder in Micron Technology Inc., a major manufacturer of computer memory chips. [...] In 1977, he and his company each paid $40,000 in penalties for failing to report income to the Internal Revenue Service, and for claiming false deductions.
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