Still actively trades. Cigar aficionado bought majority stake in pro football's Baltimore Ravens 2004. Medtronic Today owns 35.8 million shares worth $1.7 billion; stock down 13% in past year. Gives staff stock options anyway. Bought Dallas drugstore in 1961 for $5,000 cash plus $95,000 loan; sold 100-store chain to Eckerd Corp. for $50 million 1973. Ran junk bond desk at Goldman Sachs, failed to become a partner. M.B.A. from Stanford, then startups (3DO, Go Corp.), Netscape. Other investments: NIBC (Netherlands bank), Studied under value investing guru Benjamin Graham at Columbia. Estimated sales: $90 billion. Burton and his technology were featured in a Forbes article[10]. His creation sells a million units in 10 weeks at $600; instant $200 price cut riles disciples. . Intuit Founder of direct-satellite service EchoStar. ). Company owns ranch land abutting Yellowstone National Park in Montana and Texas. Founded first construction supply operation 1982. Honeywell Sun Microsystems Public 1986; stock up 415% since 2002. Founded Siebel Systems 1993, took public 1996. Concerns: sustainable development, higher education, medical research. pritzker (d. 1986), who, with sons Jay (d. 1999) and Robert, created industrial conglomerate Marmon (sales: $7 billion) and hotel chain Hyatt (735 hotels worldwide). Wife runs Mathile Family Foundation. If he says 'that's the stupidest thing I've ever heard,' then we make a more modest investment.". Assets under management exceed $16 billion. Bear Stearns Bought 25% stake in madly popular Craigslist in 2004. , spent time in product management, personnel; ran manufacturing section and surgical instruments division. 's iPod, the Zune, not yet a hit. Shrewd marketer built brand enticing hotshot athletes to sport his trendy for $66 million; later sold for $640 million profit. Exporting gourmet sensibilities to Mexico's burgeoning middle class. Researched weapons propulsion at Johns Hopkins and inadvertently dreamed up the integrated circuit that spawned the PC revolution. Now looking for oil in harsh waters of maritime Canada. Grocery chain founded 1905 by grandmother to support ailing husband, 3 children out of small house in Kerrville, Tex. Nearing completion of $1.8 billion Palazzo resort next to nemesis Steve Wynn's (see) Wynn Las Vegas. Pair started first memory-chip shop Camintonn 1982, sold 4 years later for $6 million, then formed Kingston. "American economic security is at risk without better public education.". "I'm genetically not wired to be an employee." Kohler Co. It has been reported by authoritative sources that the overall size of his wealth is as much as $3 million as of the data presented at the beginning of 2018. Forgot to hedge, lost half the profits. Sold to Time Warner for $2.8 billion in 1996. (CBS, CW, CBS Radio). Took control of Loews Theatres 1959; varied interests now include watches (Bulova), tobacco (Lorillard), oil drilling (Diamond Offshore), natural gas pipelines (Boardwalk). Failed to land board seat with cell phone producer Motorola in May; initially demanded company chief Ed Zander buy back shares, now pushing for cost cuts, reorganization. Older brother Melvin (see) left native Brooklyn for Midwest, ended up in Army. Sales: $3.7 billion. Brusque money manager sold Heine Securities to Internal rate of return from 1985 to 2003: 43% a year. Sold to Yahoo in 1999 for $5.7 billion. Shuns The Forbes 400: "There are plenty of people who want to be on the list. Lehman Brothers So what: shares up 260% since public offering. Started chain with partner Bernard Marcus (see) after getting fired from now defunct Handy Dan Improvement Center. Company developed innovative freezing process 1950s. Profits dwindling; shares still up 60% since November. Today Guardian Industries is one of the largest industrial glass makers in the world. Funds Genographic Project: uses DNA data to study human origins. YouTuber teaching mastery of wealth and relationships. Also fights poverty, AIDS in Africa. Mom, Helen, passed away April; matriarch's fortune to pass to charity over next few years. Unveiled $2.4 billion Venetian Macau in August; 10.5-million-square-foot mega-resort features 3,400 slots, 800 tables, 3,000 suites and a convention center. Recently smacked by stagnating Miami market; estimated 2007 sales down 33% from last year to $2 billion. Often buys distressed operations in poor neighborhoods to pay low prices, avoid bidding wars. 's 16 million; 5 years ago DirecTV had more than twice the subs of EchoStar. Built brand on groundbreaking loudspeaker design. Bolted when plans faltered 1997; launched Marsico Capital later that year. of Omaha had long promised to give away his fortune posthumously. Argentinean-born son of Cuban parents started out as urban planner; moved into low-income housing development. Today portfolio includes 25,000 undeveloped acres in Orange County (13,000 can be developed), 400 office buildings, 40 retail centers, 90 apartment communities, hotels, marinas, golf courses. Extending ad business into TV, cell phones, various online venues; bought Web video portal YouTube for $1.65 billion last year; recently partnered with EchoStar, LG Electronics, Salesforce.com. Environmentalist Sam sent kids to alma mater, Cornell, before joining family business. Today owns 15.5 million SPG shares worth $1.5 billion. Sold operation to Newhouse brothers (see) for $220 million 1982. Filed first tax return at age 13, claiming $35 deduction for bicycle. Owns 20% stake in pro basketball's Seattle Sonics. Profited on Studied engineering at Indian Institute of Technology, took programming job in U.S. at Last October Campbell agreed to sell healthier foods to schools; now offers low-calorie, low-sodium soups. Assets under management: $13 billion. Son Pete ran for U.S. Senate last year; dumped personal $12 million into bid. Back in the game: new sports agency represents quarterback Troy Smith, last year's Heisman Trophy winner. In a few years, he will reach a new level of popularity and will get several accolades. Marquett Burton is the Tech Executive of Fletch. Staunch Republican gave $1 million to Schwarzenegger in 2005, $500,000 to ultraright Progress for America last year. Studied business and economics at Michigan State. Company holds No. Biggest challenge: making the myriad applications work together for the release of Oracle Fusion in 2008. He started repairing radios in high school to help family after WWII hurt his father's import business. Went Hollywood: made billions buying and selling movie studio MGM, 3 times since 1969. for $1.6 billion 2005. Moving to TV: 3D animation series Star Wars: The Clone Wars in production, set for 2008; no sale to network yet. Many in Silicon Valley will struggle trying to identify an African American tech titan . Built riches on a marketing surprise. Began offering chewing gum instead of baking powder. Sold to AIG in 1998 for $18 billion; stake worth $3.1 billion today. Owns stakes in pro basketball's L.A. Lakers, hockey's L.A. Kings. Today portfolio includes 135 commercial buildings: offices, hotels, retail. Father Edward III (see) joined company as an analyst in 1957, president 15 years later. Sold online classifieds site StumbleUpon.com to Ebay this year; owns similar Indian site Naukri.com. Even Microsoft fails him: stock down 50% since 2000. Sold private hedge fund outfit to Searching for more universities that will do the same; several have turned him down because of his strict rules as to how funds should be used. Reportedly building "Destiny": the biosustainable city in South Florida will have a sustainable energy source and room for 150,000 people. Worked for Netscape, Amazon before creating venture firm Sherpalo in 2000. PG&E ; became chief executive of Cisco 1988. Bored lawyer changed careers, created early Internet video outfit Broadcast.com with partner Mark Cuban (see). The Oprah Winfrey Show launched nationally 1986; currently airs in 135 countries, drawing 46 million viewers a week in the U.S. Also launched showboating shrink Dr. Phil; a producer of the musical version of The Color Purple on Broadway. with Robert Noyce 1968; introduced first microprocessor 3 years later. High school dropout drafted by Army 1943, moved to Detroit after WWII. Renamed SandRidge Energy; acquired Carl Icahn's (see) oil and gas outfit NEG for $1.5 billion cash and stock. Schwarzman attended Yale with President George W. Bush. First movie, Duel, made for TV. . Jim: oversees family banking business. Plans to triple sales by 2009 are being hampered by housing downturn. Family escaped Soviet Union after revolution, settled in Iran. Now runs oil drilling outfit Chief Operating. Badly burned during dot-com bust. Paid $80 million for Jasper Johns painting "False Start" last year. Pair started first memory-chip shop Camintonn 1982, sold 4 years later for $6 million, then formed Kingston. Host Hotels & Resorts Duo runs Simon Property Group; REIT owns or operates nearly 260 million square feet of leasable space at 380 properties in North America, Europe and Asia. The legal saga of the former AIG chairman continues. Sister Barbara Cox Anthony died in May. Former leveraged buyout titan returns to The Forbes 400 after a 2-year hiatus. nation's largest self-storage company: 2,100 facilities in 38 states and 7 European countries, 132 million rentable square feet. Private investment arm, Shamrock Holdings, invests in hotels, entertainment, Israeli insurance companies. Cofounded Kaufman & Broad with $25,000 borrowed from his in-laws; became one of nation's largest affordable home builders, focusing on homes for parents of baby boomers. Dole's profits hampered last year by European Union's new banana tariff. Campbell soup accountant took general manager post at 5-employee pet food firm Iams 1970. William's father, George, was a prospector, land baron, U.S. senator who "won" failing San Francisco Examiner newspaper as payment for gambling debt in 1880. Transformed from Hollywood mogul to Internet maven in past decade. 417-883-7417 | Creator of original chicken sandwich fired up first grill 1946. American Real Estate Partners "It's the most spectacular thing I've ever been involved in.". American Airlines Today manages 7.8 million square feet across 110 properties. ", Shades maven first hawked motorcycle grips from car trunk 1975. Founded Pat Ryan & Associates insurance firm 1964; sold policies directly through car dealerships. Owns Four Seasons hotel in New York, resorts in California, Hawaii, Mexico. Paid off debt early, built Taylor Corp. on invitations, stationery, books. Microsoft cofounder may be one of most hopeful tech investors ever. Son James, 34, runs BSkyB in U.K.; son Lachlan, 36, who quit in 2005 and stayed onboard, could yet return. commands 45% of the U.S. athletic shoe market. Valuation revised this year to include stunning art collection (Johannes Lingelbach, Rubens). Marquett Burton Tech Executive Published Dec 8, 2017 + Follow Can you name a famous Black tech entrepreneur? Friend Newt Gingrich advising health care contributions. Founders stepped down from daily management 2004. Duke grad cofounded Hank forced into retirement by his handpicked board in 2005 following an investigation by then N.Y. Attorney General Eliot Spitzer; most of the charges dropped earlier this summer. Friday's). Secretive; believed to be giving portions of fortune to children. Cable pioneer founded network that became Home Box Office; traded channel with the old Time Inc. for a cable company with 1,500 Long Island customers 1973. Went public 1998. Sold in 2005 to Today Jackson Family Wines produces 5.2 million cases on 14,000 planted acres. Rival Guidant proposed $3 billion buyout in 2003; deal collapsed after new drug-coated stent produced dismal results. With brother James opened chain of general stores in Bentonville, Ark. 1980; stake now worth $2.7 billion. , Honeywell, Intel. 1971 with $3,000 and a credit card; expanded via franchising, joint ventures. Cruises up 20% since last summer. Williams & Associates 1977. Netted $125 million after paying $6-per-share dividend last year; shares up 32% this year. Estimated sales: $7 billion. Net profits in 2006: $2.3 billion. Early backer of DreamWorks SKG, sold out this year. Borrowed $300 from wife, founded real estate developer Lerner Enterprises in 1952. Sold 1960s; built New York real estate empire with profits. Wildcatter made fortune in north Texas gas fields; sold ground to Son of Koch Industries founder Fred C. Koch (d. 1967), MIT grad who invented method of refining gasoline from heavy oil. Was worth nearly $10 billion immediately following offering in June. Abramovich gave Shvidler his yacht 2006; Le Grand Bleu (The Big Blue) came complete with 65-man crew, helicopter, aquarium, speedboat. . Great grandfather (d. 1932) moved from Philadelphia to Chicago to sell soap; offered baking powder as incentive. Today Kinray's highly automated operation supplies more than 3,000 independent pharmacies in 8 northeastern states. Managing $1 million of family's, friend's money by senior year. Owns stake in private jet maker Aerion; expanding freight outfit Cargo 360 with $1.4 billion order for 6 Rest of Seagram empire snatched up by Vivendi for $34 billion 2000. Rebuilt Tana, sold to Unocal 1999. . Daughter of James M. Cox (d. 1957), newspaper reporter who bought the Dayton Evening News for $26,000 in 1898. Ads remain the driver of the high-profit search engine, posting 99% of sales, now past $10.5 billion a year. Company remains under family control; stock up 250% since 2003. Took over 1969; expanded into real estate, banking, derivatives. Hollywood's richest man cashes in on soaring art market. Further, Burton has an estimated net worth of over $100,000. John Doerr's (see) doppelganger at Kleiner Perkins studied engineering at Indian Institute of Technology, earned biomedical master's at Carnegie Mellon, M.B.A. at Stanford. Sales now $1.8 billion. Retired 1994; son James now in charge. Studied French literature at U. of Pennsylvania. Shares down 45% since offering, keeping Kauffman and Nardone off The Forbes 400. Spends spare time writing blog. Stumbling online: nearly all Cond Nast Web sites used mainly to sell subscriptions, deliver magazine content. Grandfather founded company 1873 to make cast-iron and steel farming tools and cemetery accessories for Midwesterners. When he started . Merged with small online brokerage 1995; transformed into Internet powerhouse Ameritrade soon after. Brin serves as president of technology, Page heads product division. for an estimated $4.2 billion in 2001. He began his teaching career at Booker T. Washington Middle School where he taught 6th . Studied law at UC, Berkeley. Member of Skull & Bones at Yale; took summer job at Goldman Sachs. Boeing Opened first hotel, Twin Bridges, 1957. Expanded oil industry in U.S.S.R. 1930s; returned home before World War II. Expected philanthropic gifts to reach $400 million this year. Sold company to Leon Black's (see) private equity group Apollo Management in July for $10.6 billion after turning down lower offer from Russian-American billionaire Leonard Blavatnik (see). Former At work employees get free candy, day care, 35-hour workweek and scholarships for their kids to attend affiliated Cary Academy. Will soon compete on ABC's Dancing with the Stars. . Initially focused on building, financing low-income housing; moved into riskier luxury buildings in New York. Today Meijer operates 181 stores across 5 states. Shuns traveling like a billionaire. Son of radio station entrepreneur spent early years spinning records. Sales: $2.6 billion. Schwarzman and Peterson cofounded Invested some of the proceeds in resorts; sold stake in Extended Stay America to Stephen Schwarzman's (see) Blackstone Group 2004 for $185 million. Options due in October. Smooth sailing for the admiral of world's largest cruise ship operator; shares of Warner Music Group With James Coulter (see) cofounded private equity behemoth Texas Pacific Group. Environmentalist Sam sent kids to alma mater, Cornell, before joining family business. With Peter Peterson and Hamilton James (see both) took their investment house Blackstone public in June; shares down 30% since. "Abby" studied art history at Hobart & William Smith Colleges; then earned Harvard M.B.A. Nickname: "The Abominable No-Man." Runs budding agribusiness on his Iowa and Minnesota farmland: chickens, liquefied eggs. Marquett Burton overall profits are growing every day, and he is also becoming more popular. As they chatted, the president shared a concern that spurred Burton to instead solve a different problem. Oversees consumer finance and California banking divisions. With family, controls Fidelity Investments, America's largest mutual fund company. Amerigon Took over Stryker Corp. after Lee Stryker died in a plane crash 1976. Carnival Lohan's latest flick, I Know Who Killed Me. Took Wal-Mart public 1970, now world's largest retailer, with more than 7,000 stores in 14 countries; 1.9 million employees serve 176 million customers a week. in record lease in New York's Trump Tower; Trump Chicago hotel opens December. Janus Today owns 7 office buildings in Manhattan; 1-million-square-foot office tower in downtown undergoing extensive renovations. Coca-Cola Ronald E. McNair Fellow. Rumored to be shopping company to rivals. Collects wine and maps. Sales: $10.5 billion, net margins 30%. Shares up 38% in past year. in 2001 for $3.5 billion. Sallie Mae This page was last edited on 24 August 2021, at 22:29. Founded long-distance and telecom provider Excel Communications 1988, took public 8 years later with $1.4 billion in sales. Yahoo After attending UC Berkley and John Hopkins University and working for a collection of tech companies (now the CEO of Fletch), Marquett has wisdom every man should listen to. 9:075. whats the difference with American women and foreign women? Started career at Boettcher & Co. 1979. Owns pro basketball's Orlando Magic; with wife, Helen, has donated more than $400 million to health, education, the arts. Built new facilities in Mexico, England, Brazil, South Africa this year. Exploring online classifieds with Ebay-created "Kijiji." Trying to go private: company board rejected family's initial $8.9 billion bid in January, approved $10.6 billion offer 5 months later. Remains chairman; wife, Anne, is executive vice president. Opening $500 million, 1.3-million-square-foot Patriot Place on land adjacent to Gillette Stadium; shops, hotel, office space. Played shortstop for pro baseball's Detroit Tigers farm team. Wall Street giant manages $90 billion across private equity, real estate, corporate debt, hedge fund operations. private for $9 billion. Indian-born financier created shop bot Junglee; sold to Amazon in 1998. Today Kaiser-Francis produces 12 million barrels of oil and natural gas equivalents annually. Negotiations with bankrupt auto parts company Delphi Corp. continue; seeking bigger stake in company in exchange for advice, much-needed cash. HCA founder took nation's largest hospital operator private with Bain Capital, KKR and Merrill Lynch last November. Merged with Combined International in 1982; renamed Built riches on a marketing surprise. William III a partner at VC firm Kleiner Perkins, invests in companies focused on Web video, fiber optics. Bought rival Shurgard for $5.5 billion in 2005. Sultan of sound formed firm 43 years ago, yet today it thrives on the latest in iPod speaker docks, home theater systems, noise-killing headphones. Southern Union Commerce Secretary under Nixon, became chairman of Lehman Brothers 1973. . Also owns apartment communities from Denver to Danbury, Conn. "Why restrict the best and the brightest people from coming into your country?" It can be set to a range of one foot to 150 meters. Parents Donald and Doris founded music-and-jeans store the Gap in San Francisco 1969; opened 6 new stores in first year. Studied literature at Middlebury College. Owned 10 stores by age 24; made $25 million a year in revenue. Son of Texas wildcatter Perry Bass (d. 2006). ConocoPhillips Scarred by Depression, keeps debt to minimum. Took public in 2005; shares have tripled since. Founded asset management firm trust Company of the West 1971. Reinvested via Oxbow holding company: petroleum coke, coal, natural gas. Son of cattle brokers left U. of Iowa one semester short of degree to start PC maker with older brother Norman in 1985. Beanie Babies hit shelves 1993; created collecting craze. 1 distinct work Similar authors. New name brought them in droves. Environmentalist Sam sent kids to alma mater, Cornell, before joining family business. Partner to TCI cable founder Bob Magness (d. 1996) sold nation's largest cable company to AT&T in 1999 for $54 billion. New York Times Co. Focused on developing office and residential properties in New York City. for record $11.5 million in May; manly mob drama stars Joaquin Phoenix, Mark Wahlberg. EMC "Jerry" began as talent agent for MCA. Required fields are marked *. Long-running fraternal feud over deal settled 2001. Also owns the $3,000-a-night Costa Smeralda resort in Sardinia. For the first time since 1989 there isn't a Walton in Top 10 of The Forbes 400; Wal-Mart shares flat over past 12 months as bigger gainers passed by famously secretive children and daughter-in-law of Sam Walton (d. 1992). The grown-up at Google uses surging stock price to buy way into Web videos (YouTube), blog-hosting (blogger.com), presentation software (Tonic Systems, Zenter). Footing most of the bill for new $800 million Yankee Stadium in the Bronx. Shares up 25% in past 12 months. Today Cox Enterprises owns 17 newspapers, 15 TV stations, 80 radio stations, Manheim Auctions (used cars), stake in AutoTrader.com (online classifieds). Now runs private MFP Investors; assets under management exceed $1 billion, much of it his own money. Tough job: Yahoo (market cap $31.2 billion) is only one-fifth value of Google; in 2004 they were neck and neck at $52 billion apiece. Swimmer, serves on board of American Museum of Natural History in New York City. Opened first hotel, Twin Bridges, 1957. Running for mayor of New York City: Friend of Bill plans to spend a few million dollars during 2009 primary, another $50 million if he wins Republican nomination. I am grateful I did. Stopped $6 billion takeover bid by rival E-Trade in summer 2005; bought TD Waterhouse for $1.7 billion a few months later. . 1994; today one of nation's largest private university systems. Sales: $8.7 billion. Apollo Group With brother James opened chain of general stores in Bentonville, Ark. Acquired New York's oldest savings bank, Emigrant, for $90 million 1986; assets now $14 billion. Partners reaped $2.3 billion in 2004 public offering. Studied math, physics at U. of Michigan, dropped out to join Army Air Corps. Transformed struggling Univision into world's leading Spanish-language broadcaster. Met partner Gary Burrell (see) met at AlliedSignal, left and founded Garmin in 1989 to make navigation devices for aviation, boating, using newfangled Global Positioning System. Regional cable channel rumored to be mulling public offering; could fetch more than $3 billion. Started Oracle in 1977. Former used-car salesman bought Marquette Bank in 1955, sold to Wells Fargo for $1 billion in 2001. Now invested in titanium (Timet, Kronos), waste management (Waste Control Specialists), computer components ( IBM Will leave fortune to independent research institute. But I won't be here." Daughter Dylan runs Manhattan candy store. Operating margins believed to approach 30%. With brother James opened chain of general stores in Bentonville, Ark. Fights childhood poverty through George Kaiser Family Foundation; pledged $60 million to redevelop a blighted community alongside a 42-mile stretch of Arkansas River. and Equity Lifestyle REITs. Card player represented India in bridge world championship 1995; enjoys running, yoga. Sales: $16 billion. Last fall began producing The Rachael Ray Show; Food Network sweetheart's gabfest already garners 2.3 million viewers a week. business to son, 3 daughters. U.S. Sold to Bank of America in 2005 for $35 billion in cash and stock. At the time the $33 billion leveraged buyout was largest in history; eclipsed by $45 billion purchase of power giant TXU 4 months later. Took Wal-Mart public 1970, now world's largest retailer, with more than 7,000 stores in 14 countries; 1.9 million employees serve 176 million customers a week. PepsiCo Increasing presence at airports; through holding company, bought Vanguard Auto Group, operator of National and Alamo car rental companies, for an estimated $1.2 billion earlier this summer. Want to Read. Rob: company's first lawyer; now chairman. Moved to eyewear 1983. Robert became interim chief executive in January following the resignation of Paul Pressler; former exec failed to revive fledgling Gap brand.
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