Ernst & Young has awarded James E. Stowers, Jr. as the nation's top financial services entrepreneur, the Kansas City Star reports. Stowers is the founder of American Century Investments and the Stowers Institute for Medical Research.

Stowers was competing against Layne Sapp, founder and CEO of online mortgage Mila Inc., and Robert L. Riter, chairman of Chicago's American Chartered Bank.

Jay Leno hosted the awards presentation in Palm Springs, Calif. The Ewing Marion Kauffman Foundation of Kansas City, which encourages entrepreneurship, is sponsor of the program.

The top winner of the program was Arthur Blank, co-founder of Home Depot and owner of the Atlanta Falcons football team.

The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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