Meet the self-made billionaire who bought a nearly bankrupt company off Warren Buffett for $1,000 and turned it into a $85 billion giant

Jeffrey Sprecher, the founder and CEO of Intercontinental Exchange, made a $1,000 investment in 1997 that launched his business into a $85 billion company. At the time, Sprecher witnessed Continental Power Exchange, owned by Warren Buffett's MidAmerican Energy, teetering on bankruptcy. Despite this, Sprecher saw an opportunity and purchased the company for a dollar a share, investing $1,000.

He used this as the foundation to build Intercontinental Exchange. To sustain the company during its early years, Sprecher lived in a small apartment and drove a used car. Despite the modest beginnings, Intercontinental Exchange now boasts a market cap of $85 billion and employs over 12,000 people.