King of Art Van Furniture Creating Investment Company

Van Elsander

Van Elsander, who announced last week the sale of his furniture empire, Art Van, isn't ready to fade away.

He's launched a new, for-profit company, Van Elslander Capital LLC, to make targeted investments and acquisitions, reports Sherri Welch of Crain's Detroit Business. He also plan to expand his generosity through a new foundation, A.A. Van Elsander Foundation.

Van Elslander tells Crain's he has a soft spot for entrepreneurs and helping make "their dreams come true." 

"I'm certainly not going to get in a rocking chair; I'm not ready," he says.