Page 150 - Forbes - USA (October 2019)
P. 150

•   B E G I N N I N G S   •
                                               131. JEFF SKOLL                  131. DIRK ZIFF                    140. CHARLES B. JOHNSON


                                               $5 BILLION S  SELF-MADE SCORE: ^  $5 BILLION S SELF-MADE SCORE: $  $4.9 BILLION T SELF-MADE SCORE: %
                                               SOURCE: EBAY                     SOURCE: INVESTMENTS               SOURCE: MONEY MANAGEMENT
                                               AGE: 54  RESIDENCE: PALO ALTO, CA  AGE: 55 RESIDENCE: NORTH PALM   AGE: 86  RESIDENCE: PALM BEACH, FL
                                                                                BEACH, FL
                                               PHILANTHROPY SCORE:                                                PHILANTHROPY SCORE:
                                               His Participant Media backed     PHILANTHROPY SCORE:               Johnson became CEO of Frank-
                                               several notable productions re-                                    lin Resources, the investment
                                               leased this year, including docu-  131. ROBERT ZIFF                management firm founded
                                               mentary American Factory, about                                    by his father, at age 24. Re-
                                                                                $5 BILLION S SELF-MADE SCORE: $
                                               a glass factory opened by a Chi-                                   tired since 2013, he is its larg-
      146                                                                       SOURCE: INVESTMENTS
                                               nese billionaire in Ohio (which   AGE: 53 RESIDENCE: NEW YORK CITY  est shareholder, with just over
                                               Netflix and Barack and Michelle                                     20%. According to the Yale
                                                                                PHILANTHROPY SCORE:
                                               Obama acquired at Sundance),                                       Daily News, he waited tables
       T                                                                        In March the media-shy brothers
       S                                       and Ava Duvernay’s Netflix se-                                      and played football while at-
       I                                                                        were mentioned in special counsel
       L                                       ries When They See Us, about the                                   tending the college on a schol-
                                                                                Robert Mueller’s report detailing
       E                                       wrongly convicted teenagers in                                     arship.
       H                                       the Central Park jogger case. Skoll   Russian interference in the 2016
       T                                                                        election. According to the report, a
                                               grew up in Montreal; at age 11 he                                  140. TERRENCE PEGULA
                                               had a paper route and shoveled   Russian lawyer met with some of-
                                               snow. At 12, he sold door-to-door   ficials from the Trump campaign   $4.9 BILLION S SELF-MADE SCORE: (
                131. ROCCO COMMISSO            for Amway. He made his fortune   in June 2016 and alleged that the   SOURCE: NATURAL GAS
                                                                                Ziffs engaged in tax evasion and
                                               as the first president of online                                    AGE: 68 RESIDENCE: BOCA RATON, FL
                $5 BILLION S                                                    money laundering in Russia. The
                SELF-MADE SCORE: )             auction firm eBay.                                                  PHILANTHROPY SCORE:
                SOURCE: TELECOM                                                 profits, the lawyer claimed, helped   Pegula’s decision to switch col-
                AGE: 69 RESIDENCE: SADDLE      131. ROBERT F. SMITH             fund either the Democratic Na-    lege majors from math to petro-
                RIVER, NJ                                                       tional Committee or the Clinton
                                                                                campaign. The report did not offer   leum engineering paid off, land-
                PHILANTHROPY SCORE:            $5 BILLION S SELF-MADE SCORE: *                                    ing him a Getty Oil job after
                                                                                evidence of the claims; the Ziffs
                After failing to acquire AC    SOURCE: PRIVATE EQUITY                                             graduation. A decade later, he
                                               AGE: 56 RESIDENCE: AUSTIN, TX    declined to comment. Their for-
                Milan last summer, Commis-                                      tune stems from their late father’s   founded oil producer East Re-
                so scooped up Italian football   PHILANTHROPY SCORE:            publishing empire and was ex-     sources, selling most of it to
                club Fiorentina for a price re-  Smith gave one of the most mem-                                  Royal Dutch Shell in 2010 for
                                                                                tended through hedge funds.
                portedly between $150 mil-     orable commencement speeches                                       $4.7 billion. The Buffalo Bills,
                lion and $200 million. Com-    of all time in May at the all-male,                                which he bought in 2014, are re-
                misso immigrated to the U.S.   historically black Morehouse Col- 140. ROBERT BASS                 portedly exploring plans to build
                from Italy at age 12; his first   lege. He vowed to wipe out all the                              a new stadium.
                                                                                $4.9 BILLION T SELF-MADE SCORE: $
                job in his new country was     student debt of the class of 2019,   SOURCE: OIL, INVESTMENTS
                playing the accordion dur-     an estimated $30 million. The na-  AGE: 71 RESIDENCE: FORT WORTH, TX  144. LEONARD STERN
                ing movie theater intermis-    tion’s wealthiest African Amer-
                                                                                PHILANTHROPY SCORE:
                sions in the Bronx. He later   ican, Smith is founder of Vista                                    $4.8 BILLION WX
                                                                                Bass has invested millions in su-
                got a scholarship to Columbia   Equity Partners, a private equi-                                  SELF-MADE SCORE: %
                University, where he played    ty firm that exclusively invests   personic-private-jet startup     SOURCE: REAL ESTATE
                                                                                Aerion, which in February attract-  AGE: 81 RESIDENCE: NEW YORK CITY
                soccer. After working in the   in enterprise software deals and
                                                                                ed a “significant” investment from
                cable industry for years, he   manages $50 billion. In high                                       PHILANTHROPY SCORE:
                founded cable firm Media-       school, Smith got an internship at   Boeing. The jet, which will be sold   Stern’s Hartz Mountain owns
                com, the main source of his    the Denver branch of Bell Labora-  for $120 million, promises to zip   over 260 properties, many in
                                                                                people from New York to London
                fortune.                       tories after persistent cold calling.                              northern New Jersey. Plans for an
                                                                                in four hours, but the first flight   apartment development in Wee-
                                                                                is not expected to happen before
                                               131. HARRY STINE                 2025. Bass has been an investor   hawken have reportedly stalled in
                                                                                                                  the township’s planning commit-
              131. KAREN PRITZKER              $5 BILLION S SELF-MADE SCORE: )   ever since he and his three broth-  tee. Stern worked for his father’s
                                               SOURCE: AGRICULTURE              ers inherited a small fortune from   pet-supply business, which Stern
              $5 BILLION T SELF-MADE SCORE: #  AGE: 77 RESIDENCE: ADEL, IA      their oil tycoon great-uncle more   pivoted into real estate after get-
                                                                                than four decades ago.
              SOURCE: HOTELS, INVESTMENTS      PHILANTHROPY SCORE:                                                ting an M.B.A.
              AGE: 61 RESIDENCE: BRANFORD, CT
                                               Stine says he started farming at
              PHILANTHROPY SCORE:              5 years old in Iowa and drove a   140. TILMAN FERTITTA             145. JOHN BROWN
              Her father, Robert, ran fami-    tractor to pick up straw bales.
              ly manufacturing firm Marmon      Always scrappy, the young Stine   $4.9 BILLION S SELF-MADE SCORE: (   $4.7 BILLION S SELF-MADE SCORE: ^
                                                                                SOURCE: HOUSTON ROCKETS,
              Group. Karen always had a cre-   gathered, hulled, dried and sold   ENTERTAINMENT                   SOURCE: MEDICAL EQUIPMENT
              ative bent. In the fourth grade,   black walnuts to the local grocery   AGE: 62 RESIDENCE: HOUSTON  AGE: 85 RESIDENCE: ATLANTA
              she started a magazine, selling   store for five cents a pound. Today   PHILANTHROPY SCORE:          PHILANTHROPY SCORE:
              it to friends on the school bus,   his Stine Seed is the nation’s larg-                             Brown, who ran medical-de-
              and she went on to write for     est independent seed company.    The founder of restaurant and     vice manufacturer Stryker Corp.
              various publications including                                    entertainment group Landry’s      for 32 years, retired a decade ago
              Seventeen and Newsday as well    131. DANIEL ZIFF                 lost a bid for Caesars Entertain-  but still owns about 5% of Stryk-
              as serve as an editor for Work-                                   ment in June. After a stint as a   er stock. He donated $57 million
                                                                                lifeguard in Galveston, he made
              ing Mother from 1980 to 1986.    $5 BILLION S SELF-MADE SCORE: $                                    to his alma mater Auburn in 2015,
              Since 2012, she has produced     SOURCE: INVESTMENTS              his first million at 29 by starting   the largest gift in the university’s
              three documentary films, two of   AGE: 47 RESIDENCE: NEW YORK CITY  Landry’s, which now owns Bubba   history, but otherwise keeps a low
                                                                                Gump Shrimp Co., the Rainforest
              which were featured at the Sun-                                                                     profile.
                                               PHILANTHROPY SCORE:              Cafe and Golden Nugget casinos.
              dance Film Festival.

                                                                                                                             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
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