Page 125 - Forbes - USA (October 2019)

paign to tackle climate change
6. LARRY PAGE
$55.5 BILLION S
SELF-MADE SCORE: *
SOURCE: GOOGLE
AGE: 46 RESIDENCE: PALO ALTO, CA
PHILANTHROPY SCORE:
In a year when Alphabet dealt
with employee protests, secu-
rity bugs and fines from the
European Union and the FTC,
DAVID PAUL MORRIS/BLOOMBERG; PETER BARRERAS/INVISION/AP; MATT ROURKE/AP; PATRICK T. FALLON/BLOOMBERG; RICK T. WILKING/GETTY IMAGES
CEO Page was called out for
avoiding public appearances.
In September 2018 he declined
to show up at a Senate intelli- lated to Parkinson’s research,
gence committee hearing; in
June he skipped Alphabet’s an-
nual shareholders’ meeting.
Outside the company, he’s re-
portedly funding two “flying
car” startups, Kitty Hawk and
Opener. Named after his late
father, his Carl Victor Page
Memorial Foundation, which
last reported $2 billion in as- PHILANTHROPY SCORE:
sets, funded flu vaccines for
students.
7. SERGEY BRIN
$53.5 BILLION S
SELF-MADE SCORE: (
SOURCE: GOOGLE
AGE: 46 RESIDENCE: LOS ALTOS, CA
PHILANTHROPY SCORE:
Amid Google’s difficult year, Al-
phabet president Brin—like his
Google cofounder Page—has
stayed out of public view and
reportedly even stopped regu-
larly attending the weekly in-
ternal “TGIF” staff meetings,
where he used to be a main-
stay. He focuses much of his
time on the Alphabet subsid-
iaries he’s most interested in,
like “moonshot” research lab
X, and is reportedly funding a
high-tech airship. Most of the
giving from his family founda-
tion, which last disclosed near-
ly $1.4 billion in assets, goes
to donor-advised funds, but he
has also made donations re-
O C T O B E R 3 1 , 2 0 1 9
social justice and immigrant
rights.
8. MICHAEL BLOOMBERG
$53.4 BILLION S
SELF-MADE SCORE: *
SOURCE: BLOOMBERG LP
AGE: 77 RESIDENCE: NEW YORK CITY
The former New York City
mayor announced in March
that he would not run for
president in 2020, instead
launching Beyond Carbon,
“the largest coordinated cam-
ever undertaken in the Unit-
ed States.” Long before he was
developing geopolitical policy,
Bloomberg got his start work-
ing at an electronics compa-
ny in Cambridge, Massachu-
setts, during high school. His
first foray into finance was un-
glamorous: After earning his
M.B.A. from Harvard, he got a
job in “The Cage” at Salomon 121
Brothers, where he counted
out securities by hand. “We
[toiled] in our underwear . . . T
in an unair-conditioned bank E
H
vault, with an occasional six-
L
pack of beer to make it more I
bearable,” he wrote in his au- early glimpse of such inequi- T
S
tobiography. He worked his ties: His first job was as a golf
way up to general partner be- caddie at Franklin Hills Coun-
T
fore getting fired in 1981. try Club in Michigan. The Har- O
Bloomberg then cofounded a vard classmate of Gates and P
former long-term CEO of Mi- 1
firm of his own, which turned 0
into financial information and crosoft retired in 2014 and
media giant Bloomberg LP. bought the NBA’s L.A. Clippers
for $2 billion that same year.
9. STEVE BALLMER
$51.7 BILLION S
SELF-MADE SCORE: ^
SOURCE: MICROSOFT
AGE: 63
RESIDENCE: HUNTS POINT, WA
PHILANTHROPY SCORE:
Ballmer Group, which he and
his wife, Connie, set up in
2014 to improve economic mo-
bility in the U.S., is teaming
with Mike Bloomberg’s and
Bill Gates’ foundations to pilot
community programs in ten
cities that will address income
inequality. The groups an-
nounced in June that they are
investing $12 million in such
cities as Newark, New Jersey,
and Detroit over 18 months.
Ballmer may have gotten an 10. JIM WALTON
$51.6 BILLION S SELF-MADE SCORE: @
SOURCE: WALMART
AGE: 71 RESIDENCE: BENTONVILLE, AR
PHILANTHROPY SCORE:
Despite giving away $1.2 bil-
lion in Walmart stock this sum-
mer in the largest donation he
has ever publicly made, Jim re-
mains the richest member of
the Walton family. That’s main-
ly due to his estimated 44%
stake in Arvest Bank, where he
was the longtime CEO. The Fay-
etteville, Arkansas-based bank
has over 275 branches in four
states with assets of more than
$19 billion. The youngest son
of Walmart founder Sam Wal-
ton, Jim sat on Walmart’s board
for over a decade before yield-
ing his seat to his son, Steuart,
in 2016.
F O R B E S . C O M