Page 134 - Forbes - USA (October 2019)

• B E G I N N I N G S •
stake in candy and pet-care tical software firm SAS in 1976.
company Mars after their fa- Today it’s a $3.3 billion (reve-
ther, Forrest Mars Jr., died in nues) company with software
2016. Together they own an es- used by more than 83,000 or-
timated one third of the $35 ganizations around the world.
billion (est. sales) company, In March it announced it was
which has recently taken an in- investing $1 billion in AI over
terest in helping food-based the next three years, including
startups through its newly funds for an accelerator pro-
launched Seeds of Change ac- gram that offers training and
celerator. Pamela works as a certification programs to busi-
130 company ambassador to the ness leaders and data scientists.
Mars pet-care division, and
Marijke and Victoria (who was 77. HERBERT KOHLER JR.
T formerly chairman) both sit on
S & FAMILY
I the board.
L

E $7.2 BILLION T SELF-MADE SCORE: $
H 75. JOHN MALONE SOURCE: PLUMBING FIXTURES
T
AGE: 80 RESIDENCE: KOHLER, WI
61. SHAHID KHAN $7.3 BILLION T SELF-MADE SCORE: *
SOURCE: CABLE TELEVISION PHILANTHROPY SCORE:
$7.8 BILLION S SELF-MADE SCORE: ) AGE: 78 RESIDENCE: ELIZABETH, CO He is the chairman of Kohler,
SOURCE: AUTO PARTS PHILANTHROPY SCORE: his family’s plumbing-fixture
AGE: 69 RESIDENCE: NAPLES, FL company. He ran the compa-
The cable magnate started his
PHILANTHROPY SCORE: career in 1963 at Bell Labs, ny, which was founded by his
The Pakistan native arrived in the U.S. at 16 with $500 in his pock- where he worked in econom- grandfather in 1873 to make
farm tools, for 43 years; his son
et; to make ends meet in college he washed dishes, delivered piz- ic planning and research and de- David became CEO in 2015.
zas and then landed a job at auto parts manufacturer Flex-N-Gate, velopment. He has since orches-
where he stayed on to oversee production as an engineering man- trated numerous media deals.
ager. While there, he came up with a revolutionary design for a He sold TCI to AT&T for more 79. DIANE HENDRICKS
single-piece bumper and struck out on his own in 1978 with Bum- than $50 billion in 1999, and last
per Works; the business made enough money for Khan to buy out year merged Discovery Inc. and $7 BILLION S SELF-MADE SCORE: (
SOURCE: ROOFING
his former employer two years later. Today Flex-N-Gate makes 84% Scripps. Malone, who stepped AGE: 72 RESIDENCE: AFTON, WI
of the metal bumpers for trucks and SUVs in North America. Khan, down from the boards of Lions
who also owns the NFL’s Jacksonville Jaguars, launched All Elite Gate Entertainment and Char- PHILANTHROPY SCORE:
Wrestling, a competitor to WWE, in January with his son Tony. ter Communications in 2018, America’s richest self-made
still chairs Liberty Media, which woman grew up on a Wiscon-
owns the Atlanta Braves, For- sin dairy farm and did stints as
mula One racing, and SiriusXM. a waitress and as a pen-facto-
67. ANN WALTON KROENKE the Museum of the Bible, which ry worker before meeting her
opened in 2017. He worked as a 75. DAVID SHAW roofer husband, Ken Hendricks
$7.5 BILLION S SELF-MADE SCORE: ! stock boy at a general store dur- (d. 2007), while selling custom
SOURCE: WALMART ing high school. $7.3 BILLION S SELF-MADE SCORE: * homes. Together, the couple
AGE: 70 RESIDENCE: ELECTRA, TX SOURCE: HEDGE FUNDS renovated and rented out apart-
70. MARIJKE MARS
PHILANTHROPY SCORE: AGE: 68 RESIDENCE: NEW YORK CITY ments. They founded ABC Sup-
She inherited her fortune when PHILANTHROPY SCORE: ply in Beloit, Wisconsin, in 1982.
her father, Bud Walton, broth- $7.4 BILLION S SELF-MADE SCORE: @ Originally an academic, Shaw It’s now the nation’s largest dis-
er of Walmart founder Sam, died SOURCE: CANDY, PET FOOD worked at Columbia U’s com- tributor of roofing. Under Hen-
AGE: 55 RESIDENCE: LOS ANGELES dricks, who is chairperson, the
in 1995. She is married to Stan- puter-science department be-
ley Kroenke (No. 49) and is not in- PHILANTHROPY SCORE: N.A. fore leaving to explore com- business surpassed $10 billion
volved with the family business. putational finance in 1986. He in annual sales for the first time
70. PAMELA MARS started his firm D.E. Shaw a in 2018.
70. DAVID GREEN $7.4 BILLION S SELF-MADE SCORE: @ couple years later. He stepped 79. EDWARD JOHNSON III
& FAMILY SOURCE: CANDY, PET FOOD away from management of the
firm in 2002 to return to re-
AGE: 59 RESIDENCE: ALEXANDRIA, VA
search; he now leads a group $7 BILLION T SELF-MADE SCORE: %
$7.4 BILLION S SELF-MADE SCORE: ) PHILANTHROPY SCORE: N.A. SOURCE: MONEY MANAGEMENT
of scientists studying compu-
SOURCE: RETAIL AGE: 89 RESIDENCE: BOSTON
AGE: 77 RESIDENCE: OKLAHOMA CITY 70. VALERIE MARS tational biochemistry. He still PHILANTHROPY SCORE:
has a stake in the hedge fund he
PHILANTHROPY SCORE: created. “Ned” joined mutual fund giant
$7.4 BILLION S SELF-MADE SCORE: @
While other brick-and-mor- SOURCE: CANDY, PET FOOD Fidelity, founded by his father,
tar retailers struggle to keep AGE: 60 RESIDENCE: NEW YORK CITY 77. JAMES GOODNIGHT in 1957 as an analyst. He took
the lights on, Hobby Lobby has over as chairman and CEO in
PHILANTHROPY SCORE: N.A.
opened nearly 50 new stores 1977 and held those roles for
$7.2 BILLION T SELF-MADE SCORE: *
in 2019. Green set up his first 70. VICTORIA MARS SOURCE: SOFTWARE nearly 40 years before passing
crafts shop—a 300-square-foot AGE: 76 RESIDENCE: CARY, NC them to daughter Abigail (No.
store in Oklahoma—in 1970. $7.4 BILLION S SELF-MADE SCORE: @ PHILANTHROPY SCORE: 34). An enthusiastic art collec-
Today his Hobby Lobby has SOURCE: CANDY, PET FOOD tor, his Brookfield Arts Founda-
850 locations in 46 states and AGE: 62 RESIDENCE: PHILADELPHIA After the North Carolina State tion buys art and loans it to mu-
University professor met stu-
$5 billion in sales. Green, a de- PHILANTHROPY SCORE: N.A. dent John Sall (No. 225) in the seums and institutions like the
vout Christian, and his fami- The sisters inherited their Museum of Fine Arts, Boston.
ly donated $500 million to fund 1960s, the two cofounded statis-

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