Morgan is founder of a real estate investment, development and management company -- Morgan Properties -- that has 500 employees, 17,000 apartment units and real estate worth more than $1 billion. After receiving his accounting degree, he enrolled in Law School night classes, not because he wanted to be a lawyer but because he thought a legal education would be helpful in a business career. While studying law at night, Morgan took a huge pay cut and left the shoe store for a $1.65-per-hour accounting job, just to get the two years of work experience necessary to become a certified public accountant. After finishing at the Law School, he worked briefly for an international accounting firm and then for a client in the apartment business, before striking out on his own in 1985. In February 2026 Morgan announced is formally handing over the business. The company announced that he would step down as CEO and promote his two sons, Jonathan and Jason, to co-CEOs.