Ben Navarro

About Ben Navarro

A former Citigroup vice president, Ben Navarro founded Sherman Financial Group in 1998 and built it into a credit card and debt collection empire.

One of Sherman's key assets is the Las Vegas-based lender Credit One, which says it has doled out more than 18 million credit cards to date.

Despite a nearly identical name and logo to the better known Capital One Bank, Navarro's firm is entirely separate and caters mainly to low-credit borrowers.

The Charleston, South Carolina-based billionaire tried to buy the Carolina Panthers in 2018, but lost out to hedge fund mogul David Tepper.

Since 2021, he's spent more than $350 million buying up property around Charleston, including a stadium and the city's biggest hotel.

He also forked out nearly $300 million in 2022 to buy the Western & Southern Open, a major tennis tournament.