Shuns the billionaire lifestyle. 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. for an estimated $4.2 billion in 2001. Sold operation to Newhouse brothers (see) for $220 million 1982. "I read the entire history of the entertainment business." Son Michael charged with stealing $3,000 worth of fishing equipment in Connecticut last summer. As a University of CaliforniaBerkley graduate, Burton remembered his owncollege experience and saw the correlation between a students attendance and his success. Sam took helm 1966; business expanded to cleaning supplies (Pledge, Windex), bug spray (Off, Raid). Stockbroker's son partnered with frat brother to start cable company 1963. Founded money management and hedge fund outfit Bridgewater Associates 1975; investment firm claims 13% annual returns after fees. Acquired Sun Life Insurance (later renamed SunAmerica) in 1971. Founders stepped down from daily management 2004. Sales: $5 billion. Son of Texas teachers graduated from U. of Texas 1952. Took over family's Whiteco Industries 1946. 274 posts. Today his shares are worth $1.3 billion. Keeping students engaged in their education began with getting them in the classroom, but with large class rosters and limited time, the daily roll call itself became absent. Advises employees, franchisees to "base your business on biblical principles." Opened first Hobby Lobby store with $600 loan 1970. Marquett Davon Burton is an American technology entrepreneur. Son of beauty queen Este Lauder, who started selling face creams in 1946 with help of chemist uncle. Company's new operating system, Vista, debuted in January to mixed reviews; shares up 12% in past year.
Location Pasadena, California, United States. 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). Met Buffett at a dinner party 1959; duo soon began investing together. Joseph E. Seagram & Sons Longtime Wharton supporters partnered with business school in February to design personalized executive education program for Este Lauder employees. . 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. Dropped out of NYU to work on Wall Street, took job in mail room of Philipp Brothers. Snagged early investment from Richard Rainwater. Forging into retail, business intelligence software; determined to squeeze out German rival Took public 2004; personally netted $275 million. Rob: company's first lawyer; now chairman. Famously signed Alex Rodriguez to 10-year, $252 million contract, traded to New York Yankees 2 years later; team still paying some of third baseman's salary. for $670 million and 5-year employment contract in 1996. Purchased licorice maker MacAndrews & Forbes, used as a holding company for buyouts. Wynn Resorts Studied engineering at Indian Institute of Technology, took programming job in U.S. at Started Oracle in 1977. 1980; stake now worth $2.7 billion. in June; received $50 million in compensation, remains director. Older brother Melvin (see) left native Brooklyn for Midwest, ended up in Army. Studied biophysics. Best known for famed $25 billion RJR Nabisco buyout 1989. , owns stakes in cable (QVC, Encore, Starz), cell phones (Motorola), online retailing ( Started selling computers from U. of Texas dorm room 1984 with $1,000; dropped out to start Dell. nation's largest self-storage company: 2,100 facilities in 38 states and 7 European countries, 132 million rentable square feet. (All in the Family), formed Embassy Communications; sold programming interests to Coca-Cola for $485 million 1985. Jeremy took over upon father's death 1968, transformed Delaware North into global player in food and hospitality. Purchased 8 buildings from Equity Office Properties portfolio for $6.8 billion in February. Victor now chairman. WebOver four years ago, California native Marquett Burton met with the president of the University of MissouriSt. Reinvested in stocks, bonds, horses; co-owns WinStar Farm in Kentucky. Client accounts swelled during dot-com craze, then deflated when Internet bubble burst. Son of Hollywood producer attended U. of Washington on skiing scholarship; halted Olympics bid after injury 1956. Met in computer science Ph.D. program at Stanford; dropped out to start Google in 1998 from friend's garage. Halting construction of the U.S.-Mexico border wall 3. rejoining the World Health Organization He had 2 years to change this so called policy.
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Experience and saw the correlation between a students attendance and his success L.A., the O2 ( formerly Millennium )...Motorola Founded Also dolls: recently released Ty Girlz can be registered online to allow kids to shop, take vacations virtually. 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. in 2000 for $2.3 billion. Paid $135 million for 1907 Klimt portrait last year, one of the largest sums ever paid for a painting. "Meg" steered company through Internet boom, then bust, by sticking with loyal trading communities and original goal: "create an environment in which ordinary people could be successful." Second-generation Greek immigrant studied petroleum engineering at Texas A&M before founding Mitchell Energy & Development 1946. Owner of pro hockey's Buffalo Sabres; divorced third wife, Heather, earlier this year. Plans to improve Victoria's Secret and Bath & Body Works operations, buy back stock, reduce workforce. Side bet: invested $125 million in Web software outfit NetSuite; public offering imminent. With Stephen Schwarzman and Hamilton James (see both) took their investment house Blackstone public in June; shares down 30% since. 174. 1 spot in PC market to Jazz musician's son executed first trade at age 12. Sold stake in firm to Southern Union for $1.6 billion 2005. Tennessee farm boy spent childhood growing corn, raising pigs and dairy cows. Company developed innovative freezing process 1950s. "Investing is a lot like flying. I have always had the courage to take advantage of opportunities when they come my way." Today portfolio includes 135 commercial buildings: offices, hotels, retail.
Former Enron president left firm 1996; uncomfortable with "asset-light" strategy. Partner to TCI cable founder Bob Magness (d. 1996) sold nation's largest cable company to AT&T in 1999 for $54 billion. Founded investment advisory firm First Manhattan 1964; today assets exceed $14 billion. Original office: 2 folding chairs and a card table. Lear Studied business and economics at Michigan State. With brother Ben served Ford factory, airport workers round the clock, 6 days a week. Davis foresaw rise of athletic shoe popularity, bought company on day of Boston Marathon 1972. Once clearly defined, Fidelity stakes amongst Johnson family members are now one of the best-kept secrets in capitalism. Founded asset management firm trust Company of the West 1971. Grandchild of publishing legend William Randolph Hearst. Brothers built first Wal-Mart 1962. Won jury trial; appeals court overturned the ruling earlier this year. With brother James opened chain of general stores in Bentonville, Ark. So what: shares up 260% since public offering. Host of famous annual media retreat in Sun Valley, Idaho. Former Sold classic drip painting by Jackson Pollock for $140 million in November, largest sum ever paid for single piece. 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. Entrepreneurial duo opened drive-in diner after stints in the Army. Bill & Melinda Gates Foundation manages $33 billion, donates to causes aimed at bringing financial tools to the poor, speeding up the development of vaccines (for AIDS, malaria, tuberculosis), bettering America's lagging high schools. Created Doerr's own Google stake: $1.2 billion. Company remains under family control; stock up 250% since 2003. Nickname: "The Abominable No-Man." Former scientist Peter Buck (see) fronted family friend DeLuca $1,000 to open Pete's Super Submarines 1965. Defender who played for Enfield from 1981-1985 and went on to manage Brentford, starting as an assistant manager in 2011 and officially taking the helm in 2013. Construction worker's son built computer from scratch as teenager; invented an unbeatable tic-tac-toe game that won him a scholarship to MIT. Son Pete ran for U.S. Senate last year; dumped personal $12 million into bid. Sorted potatoes, raised hogs, saved up to buy first potato field; became millionaire by 30. Donates to education, arts, science causes. Texas farmboy bought first bank in 1975 for $1.2 million, later sold with other banks for $100 million. Bristol-Myers Squibb Husband John once chairman of Sotheby's North America. Started investing as a Harvard undergrad; read article in Forbes about Home Shopping Network, became interested in the stock market. Saved money, invested in oil, real estate. Still owns 4.8 million shares worth $180 million. Has yet to find a home for $100 million he is required to donate as part of an insider trading suit settlement. Then Lehman. Then Harvard Law. Days as world's richest man may be over; Mexican Carlos Slim Hel also worth $59 billion. Estimated sales: $7 billion. Led $700 million leveraged buyout of Duane Reade drugstore chain 2003. Company holds No. Sold to AIG in 1998 for $18 billion; stake worth $3.1 billion today. YouTuber teaching mastery of wealth and relationships. Clearwire 274 posts. following federal bribery conviction in 2000. New York mayor, media maven gives away $715 million to charity in 5 years; gets richer anyway. Restated earnings, cutting 2006 profits $2.2 billion, to $3.7 billion, for 7 years of shenanigans. Founded Colony Capital 1991, bought up bad real estate loans from fledgling S&Ls. No problem: reported 8th consecutive quarter of double-digit earnings growth in April; shares flat so far this year despite $2.3 billion stock buyback and $1.2 billion special dividend in August. British Petroleum WebNumber of Founded Organizations 1. Oakley In June insurance giant sued "Hank" and former chief financial officer Howard Smith, alleging duo cost company billions after restating earnings last year. AmeriCredit Xerox Debuted year ago in 30 million homes. 1,859. Stock price slipped slightly last fall after Bank of America offered free online stock trades. Two nephews now in charge: Howard III runs Mexico operations, Stephen leads Central Market. Estimated sales in 2005: $7.2 billion. Hailed as "igod" on magazine cover for advent of iPhoneslickest, most-hyped gadget ever. Obsessed with due diligence, patience; disdains excessive executive pay. Other investments: and Triad Financial (auto finance), McMoran Exploration (oil and gas). Created insurance behemoth Travelers Group through acquisitions, then merged with Citicorp in 1998. 25.6K followers. 1 talk show. Public 1996; sold 3 years later to Hughes/DirecTV for $1.3 billion. 5 years later; lost lease 1950. Son Howard oversees real estate and banking operations. Oversees consumer finance and California banking divisions. Joined father's Cleveland firm Kinsman Marine Transit in 1957. Johns Hopkins. Founded own firm 1988. Founded Cook Group from apartment bedroom workshop in 1963 in Bloomington, Ind. Later spent days managing TG&Y discount store, nights making wooden frames in garage with wife. 's iPod, the Zune, not yet a hit. Harvard Law 1947; joined father's theater business, now National Amusements, 1954. , Sam's Club stores. Bought Snapple from Quaker Oats for $300 million; sold company 3 years later to Created firm in 1981 to sell financial data, analytic tools to Wall Street. Initially resisted family business after father offered him management job paying $160 a month. Gives staff stock options anyway. Follow to get new release updates, special offers (including promotional offers) and improved recommendations. Microsoft cofounder may be one of most hopeful tech investors ever. Best asset: YES Network. Hired seasoned tech exec Eric Schmidt (see) in 2001 to run operations. 174. WebAs of 2022, Mark Warburtons net worth is $100,000 - $1M. First billion-dollar deal: Wometco 1984. Joined family business 1988, tracked industrial equipment stocks. DirecTV Expected philanthropic gifts to reach $400 million this year. Believes a few eco-entrepreneurs will become billionaires: "Someone who will figure out how to capitalize on these environmentally friendly trends in the coming decade.". Goodnight: claims U.S. should open borders to skilled overseas IT workers. Last year returned 16.7% after fees (25% of profits, 3% of assets). Member of Skull & Bones at Yale; took summer job at Goldman Sachs. Mom, Helen, passed away April; matriarch's fortune to pass to charity over next few years. Alcoa Best Selling Author. Owns stake in basketball's Seattle Sonics, cattle ranches, feedlot operations. Center in L.A., the O2 (formerly Millennium Dome) in London. Launched Polo with $50,000 later that year. Closed 230 retail offices, fired 3,800 employees in 2006 after agreeing to pay $325 million to 49 states to settle predatory lending charges; additional wolfish lending allegations later surfaced. Focused on developing office and residential properties in New York City. "It soothes the soul to help people.". Studied harpsichord at Juilliard. Family's shares of BofA now worth $2.6 billion. Oversize chicken sandwiches became trademark. of Omaha had long promised to give away his fortune posthumously. Told FORBES in February that the Bancrofts wouldn't sell for "5, 10, 20 years. Latest obsession: Cowboys Stadium. Made fortune building massive shopping malls in the suburbs of Washington, D.C.: Tysons Corner Center, Tysons II, Wheaton Plaza, Landover Mall, Dulles Town Center, White Flint. Abbott Labs Became vice chairman of Berkshire Hathaway; owns 15,000 shares worth $1.9 billion. Bought cosmetics company Met partner, Stephen Ross (see); cofounded Related Group of Florida 1979. Penned 2 books on fishing. Ronald owns big stakes in Central European Media, Israeli TV; served as ambassador to Austria under Reagan. Fremont General Sold both properties to Also 30% stake in Preakness winner Curlin. Native Nebraskan ran discount stock brokerage. Outdoorsman committed to fighting global climate change. Went to prestigious Lakeside School with Gates in Seattle. Started Aerotek with $3,500 and furniture purchased from Goodwill; company provided engineers to aerospace industry. Later built cell phone outfit Metro Mobile, sold to Bell Atlantic for $2.5 billion 1991. Widow of Brooklyn-born investor Preston Tisch. With Bought pro baseball's Texas Rangers from group including George W. Bush 1998. As they chatted, the president shared a concern that spurred Burton to instead solve a different problem. His father, Stanley Eugene (d. 1992), created one of first commercial airlines in U.S.; it went bankrupt. High school dropout joined Marines in WWII; trained as television repairman on GI Bill. Republican sits on U.S. President's Council of Advisors on Science & Technology. Trying to go private: company board rejected family's initial $8.9 billion bid in January, approved $10.6 billion offer 5 months later. "Maggie" took reins in 1992, ceded do-it-yourself market to Home Depot, Lowe's. Now clashes with daughter Shari, 53; says to succeed him she must "change her behavior" to win over board. Internal rate of return from 1985 to 2003: 43% a year. Son of middle-class wholesaler studied at Stanford; brief stint at Goldman Sachs before leaving to run Bass family's $50 million portfolio in 1970, lost money first 2 years. Last year bought Israeli cutting-tool business Iscar and electronic components distributor TTI. Restated earnings, cutting 2006 profits $2.2 billion, to $3.7 billion, for 7 years of shenanigans. Estimated sales: $7 billion. In July agreed to buy Chicago steel outfit Ryerson for $2 billion. Betting on biotech: Siga Technologies looking for ways to battle bioterrorism; TransTech Pharma trying to cure Alzheimer's. Surfer studied at U. of Southern California, then University of San Diego Law School. FedEx Marquett has experience in the non-profit sector, government and private industry. His creation sells a million units in 10 weeks at $600; instant $200 price cut riles disciples. Ratted out by fellow arbitrager Ivan Boesky; plead guilty to 6 counts of securities fraud 1990. Then Star Wars: original 1977 film remains 18th-best-grossing movie of all time with $800 million worldwide. But to succeed, you must manage it." Sales: $345 billion. IBM Owns stakes in Tome focused on improving overnight delivery services using integrated network of planes and trucks. Has delivered more than 300 million copies of gospel to children in 100 countries through the Book of Hope ministry. Green's the thing now, says this renowned venture capitalist and vegetarian. Met in computer science Ph.D. program at Stanford; dropped out to start Google in 1998 from friend's garage. sunglasses. Morgan Stanley Manage your follows. Public 1986; stock up 415% since 2002. Sold $1.5 billion worth of Qwest shares in forward sales in past year. Siebel's salve: his stake brings $500 million in cash. Salesmen became well known for clean-cut image. Clear Channel