Page 136 - Forbes - USA (October 2019)
P. 136
• B E G I N N I N G S •
2018. Its next project: the Bob 85. JUDE REYES Abraxis and American Phar-
Dylan Center, which will open maceutical Partners, for a com-
in Tulsa in 2021 and display the $6.7 BILLION S SELF-MADE SCORE: * bined $9.1 billion by 2010. He
songwriter’s extensive archive. SOURCE: FOOD DISTRIBUTION bought the Los Angeles Times
AGE: 64 RESIDENCE: PALM BEACH, FL and the San Diego Tribune
82. STEVEN RALES PHILANTHROPY SCORE: for $500 million in June 2018.
The brothers agreed to sell their When he was 14, he earned
$6.9 BILLION S SELF-MADE SCORE: & food-service distributor Rein- money by distributing copies of
SOURCE: MANUFACTURING hardt for $2 billion in July. That the Evening Post in Port Eliza-
AGE: 68 RESIDENCE: same month, their $32.5 bil- beth, South Africa.
SANTA BARBARA, CA
lion (revenues) Reyes Holdings
132 PHILANTHROPY SCORE:
said it would acquire a North- 91. ISRAEL ENGLANDER
Wes Anderson’s Isle of Dogs, ern California beer distributor,
which Rales coproduced, came up adding nearly 14,000 new re- $6.6 BILLION S SELF-MADE SCORE: (
T SOURCE: HEDGE FUNDS
S short in February at the Academy tail accounts, in a deal valued
I AGE: 71 RESIDENCE: NEW YORK CITY
L Awards after being nominated for at roughly half a billion. Reyes
PHILANTHROPY SCORE:
E best animated feature. Rales was Holdings is already the larg-
H 84. ELI BROAD probably too preoccupied to care: est beer distributor in the U.S. Englander’s $39 billion (assets)
T
Hours after the film lost out, Da- and owns two Coca-Cola bot- firm, Millennium Management,
$6.8 BILLION S naher—the industrial conglom- tlers and distributors. It also is known for its strategy of re-
SELF-MADE SCORE: (
erate he and his brother Mitchell owns Martin Brower, a food dis- warding its highest perform-
SOURCE: INVESTMENTS (No. 154) cofounded—announced
AGE: 86 RESIDENCE: LOS ANGELES tributor to McDonald’s, Panera ing trading teams with more
that it would acquire GE’s bio- and Chick-fil-A. Chris and Jude capital and cutting off or firing
PHILANTHROPY SCORE:
pharma business for $21.4 billion started the business in 1976. those who lose money. Known
The son of Lithuanian im- in cash. The deal hasn’t closed Younger brother Duke, who is as Izzy, Englander founded the
migrants got his first job at yet, but Danaher’s stock price has now CEO, is worth $1.5 billion. firm in 1989.
a Detroit outlet of A.S. Beck risen by nearly one fourth since.
Shoes at 17. Broad made his 91. REINHOLD
first million in his mid-twen- 85. JIM DAVIS & FAMILY 85. JOHN A. SOBRATO
ties after cofounding home & FAMILY SCHMIEDING
builder Kaufman & Broad $6.7 BILLION S SELF-MADE SCORE: *
in 1957 (pictured above SOURCE: NEW BALANCE $6.7 BILLION S SELF-MADE SCORE: & $6.6 BILLION S SELF-MADE SCORE: *
in that company’s early AGE: 76 RESIDENCE: NEWTON, MA SOURCE: REAL ESTATE SOURCE: MEDICAL DEVICES
years). He later bought Sun PHILANTHROPY SCORE: AGE: 80 RESIDENCE: ATHERTON, CA AGE: 64 RESIDENCE: NAPLES, FL
Life Insurance, transforming Davis owns an estimated 95% of PHILANTHROPY SCORE: PHILANTHROPY SCORE: N.A.
it into annuities giant Sun- sneaker giant New Balance, which Sobrato worked summers at a Michigan-born Schmieding
America, before selling it to he bought in 1972 for $100,000. It hardware store starting at age first worked at a medical device
AIG for $18 billion in stock 12, going on to join the carpen- company. That gave him the
now has $4.1 billion in sales. He
in 1998. In June, Broad pub- ter’s union as an apprentice and know-how to found Arthrex, an
started working for his father’s
lished an opinion piece in restaurants as a “lumper” carrying then build his family’s real es- orthopedic surgical tools com-
the New York Times support- tate holdings into the sprawl- pany, in Naples, Florida. The
trays. At college he studied biology
ing a wealth tax for the top ing Sobrato Organization. Ten- private company has estimated
and chemistry, thinking he’d work
1%. He and his wife, Edythe, ants at its Silicon Valley office revenues of more than $2 bil-
in medicine, until one of his pro-
have two philanthropic fessors suggested his talent might buildings include Amazon, lion and about 30% of the mar-
foundations and recent- Google, Facebook and Netflix. ket for sports medicine surgical
be in sales. That led to a job as a
ly celebrated more than 50 sales rep for a high-tech medical He stepped down from daily op- tools, according to competitor
years of grant-making. erations in 2013. Smith & Nephew.
electronics firm.
85. NANCY 85. PATRICK 93. MARC BENIOFF
WALTON LAURIE SOON-SHIONG $6.5 BILLION S SELF-MADE SCORE: *
79. GEORGE KAISER SOURCE: BUSINESS SOFTWARE
$6.7 BILLION S SELF-MADE SCORE: ! $6.7 BILLION T SELF-MADE SCORE: ( AGE: 55 RESIDENCE: SAN FRANCISCO
SOURCE: PHARMACEUTICALS
$7 BILLION T SELF-MADE SCORE: % SOURCE: WALMART AGE: 67 RESIDENCE: LOS ANGELES PHILANTHROPY SCORE:
SOURCE: OIL & GAS, BANKING AGE: 68 RESIDENCE: HENDERSON, NV The Salesforce cofounder
AGE: 77 RESIDENCE: TULSA PHILANTHROPY SCORE: PHILANTHROPY SCORE: turned local politics into na-
PHILANTHROPY SCORE: The daughter of Bud Walton, Soon-Shiong took heat this tional news this year, support-
spring when Sorrento Thera-
Kaiser started working for who helped his brother Sam ing a ballot measure to raise
his family’s Kaiser-Francis Oil build Walmart into a retail jug- peutics filed a lawsuit accus- taxes on San Francisco’s largest
Co. in Tulsa after earning an gernaut. She inherited a stake ing him of a “catch and kill” companies to finance homeless
scheme that ultimately prevent-
M.B.A. at Harvard in 1966. He in Walmart that has made both programs; he chastised folks
ed a cancer drug from reaching
took control of the company her and her sister Ann Walton like Jack Dorsey (No. 169) who
three years later. He plowed Kroenke (No. 67) billionaires. the market. Sorrento alleges opposed the measure, which
this happened in the years fol-
profits into acquiring a major- voters approved. In May Be-
lowing the sale of Sorrento’s
ity stake in the Bank of Okla- 85. J. CHRISTOPHER REYES nioff, whose first job was work-
homa and investments in nat- cancer drug Cynviloq to his ing at a jewelry store in high
ural gas carriers and the NBA’s $6.7 BILLION S SELF-MADE SCORE: * NantPharma in 2015. This past school, announced a $30 mil-
Oklahoma City Thunder. His SOURCE: FOOD DISTRIBUTION April Soon-Shiong told Forbes lion gift to University of Cal-
the allegations were false. A
foundation donated funds to AGE: 65 RESIDENCE: HOBE SOUND, FL ifornia San Francisco to fund
create the Gathering Place, a PHILANTHROPY SCORE: medical doctor, he founded research into ending home-
park in Tulsa that opened in and sold two drug companies, lessness.
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
