Page 130 - Forbes - USA (October 2019)

• B E G I N N I N G S •
coming even better known 41. THOMAS FRIST JR.
thanks to a string of lavish real
estate purchases totaling some & FAMILY
$700 million. In Palm Beach he
$11.5 BILLION T SELF-MADE SCORE: &
just spent another $99 million
SOURCE: HOSPITALS
for a home on the beach next to
AGE: 81 RESIDENCE: NASHVILLE
his other property. He is the ma-
jority owner of Citadel Securi- PHILANTHROPY SCORE:
ties, one of Wall Street’s biggest The former Air Force flight sur-
market-making firms, respon- geon cofounded HCA Healthcare
sible for one of every five stock with his father in 1968. Frist is no
126 trades in the U.S. and 40% of re- longer an executive at HCA but
tail equity volume. Griffin’s first still owns a 20% stake in the com-
job was selling Franklin Mint pany, which owns and operates
T collectibles. 185 hospitals.
S
I
L
41. JOHN MENARD JR.
E 39. DAVID TEPPER
H
T
$12 BILLION S SELF-MADE SCORE: * $11.5 BILLION S SELF-MADE SCORE: (
36. PIERRE OMIDYAR SOURCE: HEDGE FUNDS SOURCE: HOME IMPROVEMENT
STORES
AGE: 62 RESIDENCE: MIAMI BEACH
AGE: 79 RESIDENCE: EAU CLAIRE, WI
$13.1 BILLION S SELF-MADE SCORE: * PHILANTHROPY SCORE:
SOURCE: EBAY, PAYPAL Tepper’s Appaloosa hedge fund PHILANTHROPY SCORE:
AGE: 52 RESIDENCE: HONOLULU Menard was still in college when
firm manages $13 billion, down
PHILANTHROPY SCORE: from a peak of $20 billion, most- he started building agricultural
Omidyar and his wife Pam’s philanthropic and impact investing arm ly because he’s been returning structures near his hometown of
Omidyar Network spun off its decade-old citizen engagement group capital to clients in recent years Eau Claire, Wisconsin. After col-
in October 2018. Renamed Luminate, it promotes democratic insti- with an eye toward one day con- lege, he turned down a job offer
tutions around the world by investing in press freedom, government verting it into a family office. at IBM to stick with his own busi-
transparency and digital rights. Since its launch it has doled out He also moved from New Jersey ness; it’s now a 300-store, $10.7
$326 million to 251 organizations in 18 countries. His fortune comes to Florida and, in a $2.3 billion billion (est. sales) home improve-
from eBay, the online auction house he founded in 1995. The compa- deal, bought the Carolina Pan- ment chain, Menards.
ny took off after he brought on Meg Whitman (No. 217) as CEO thers football team. Tepper’s first
three years later. She stayed for a decade. Omidyar is still a director job was shoveling snow in the 44. CHARLES ERGEN
at eBay, which has 182 million active buyers. cold winters of Pittsburgh, where
he grew up. $10.8 BILLION WX
SELF-MADE SCORE: *
SOURCE: SATELLITE TV
40. DUSTIN MOSKOVITZ AGE: 66 RESIDENCE: DENVER
33. ERIC SCHMIDT charges. His new firm, Point72 $11.6 BILLION S SELF-MADE SCORE: * PHILANTHROPY SCORE:
Asset Management, manages
SOURCE: FACEBOOK The pending Sprint and T-Mobile
$14.2 BILLION T SELF-MADE SCORE: ^ over $5 billion in investor funds AGE: 35 RESIDENCE: SAN FRANCISCO merger would allow Ergen to re-
SOURCE: GOOGLE plus Cohen’s personal fortune. alize his ambitions to make Dish
AGE: 64 RESIDENCE: ATHERTON, CA PHILANTHROPY SCORE: a wireless provider. If approved,
Despite being Facebook’s first chief
37. DONALD NEWHOUSE technology officer—after drop- Sprint would sell its prepaid
PHILANTHROPY SCORE:
The former Google CEO left the & FAMILY ping out of Harvard with for- phone businesses and other assets
board of parent company Al- to Dish. Ergen stepped down as
mer roommate Zuckerberg—he is
phabet in June after serving as CEO of Dish in 2017 and serves as
$12.8 BILLION S SELF-MADE SCORE: % far removed from the social net-
a director for 18 years. He is still SOURCE: MEDIA work these days. He holds an esti- chairman. He once made money
a technical advisor. He’s spend- AGE: 90 RESIDENCE: NEW YORK CITY mated 2% stake but left in 2008 to playing blackjack and worked as
ing time at the Massachusetts an analyst for Frito-Lay.
PHILANTHROPY SCORE: found Asana, a work management
Institute of Technology, where
His family’s nearly century-old Ad- software firm. A November 2018
he’s a visiting innovation fellow. round of funding valued the com- 45. DAVID DUFFIELD
He also chairs the Department vance Publications continues to di- pany at $1.5 billion.
versify, announcing in March that
of Defense’s innovation board. $10.7 BILLION S SELF-MADE SCORE: *
it would acquire plagiarism-detec- SOURCE: BUSINESS SOFTWARE
tion software company Turnitin 41. PHILIP ANSCHUTZ AGE: 79 RESIDENCE: INCLINE
35. STEVE COHEN for a reported $1.7 billion. He runs VILLAGE, NV
Advance as co-president alongside $11.5 BILLION S SELF-MADE SCORE: %
$13.6 BILLION S SELF-MADE SCORE: * SOURCE: INVESTMENTS PHILANTHROPY SCORE:
his son Steve. The bulk of his for-
SOURCE: HEDGE FUNDS AGE: 79 RESIDENCE: DENVER Duffield’s first job as a systems en-
AGE: 63 RESIDENCE: GREENWICH, CT tune is a stake in cable TV giant gineer at IBM after college made
Charter Communications. PHILANTHROPY SCORE:
PHILANTHROPY SCORE: a lasting impression. He found-
Anschutz is pumping money from
The hedge fund billionaire is 38. KEN GRIFFIN his diversified holdings into what ed three fairly successful software
having a pop culture moment he hopes will be one of the world’s companies, the first at age 28, but
of sorts: The character Bobby left all three due to bureaucracy or
$12.7 BILLION S SELF-MADE SCORE: * biggest wind farms on his Wyo-
Axelrod on Showtime’s hit show SOURCE: HEDGE FUNDS ming ranch. He grew up a cou- infighting. At his fourth, People-
Billions is reportedly based AGE: 51 RESIDENCE: CHICAGO ple states away in Kansas, where Soft, he created a corporate cul-
loosely on Cohen. He returned ture modeled after the one at IBM. RANDI LYNN BEACH-AP
PHILANTHROPY SCORE: as a 6-year-old he sold Kool-Aid on
to managing investors’ money a nearby college campus until he Oracle bought PeopleSoft in 2005.
in late 2018 after a two-year ban One of the biggest forces in fi- He then started enterprise soft-
nancial markets, Griffin is be- was chased away.
resulting from insider trading ware company Workday.

O C T O B E R 3 1 , 2 0 1 9
F O R B E S . C O M
WEALTH INHERITED VS. SELF-MADE CHANGE IN WEALTH KEY: S UP T DOWN SIGNATORY OF THE PHILANTHROPY SCORE
! @ # $ % ^ & * ( ) WX UNCHANGED Ì NEW TO LIST 3 RETURNEE GIVING PLEDGE