Detroit Tigers owner Mike Ilitch ranked No. 238 on the 2010 Forbes Magazine "400 Richest Americans" list. Last year, the net worth of the fast-food magnate was estimated to be $1.7 billion.
A Marine veteran who played three seasons of minor league baseball after the service, Ilitch was not born wealthy. In 1959, he and his wife opened a pizza joint outside Detroit. The place eventually expanded into the Little Caesars chain that today serves customers everywhere from Guam to Turkey.
Given Ilitch's status as a self-made billionaire -- and mine as a bargain-hunting connoisseur of thrift shops -- I have no more room to criticize the man's business decisions than berate Brad Pitt's brand of sunglasses.
But, wow, that was one dumb deal Ilitch made Tuesday.