Page 170 - Forbes - USA (October 2019)

225. MARC ROWAN 225. LYNSI SNYDER users surpassed 200 million and battle spearheaded by activist
the company hit $388 million in investor Daniel Loeb’s (No. 306)
$3.6 BILLION S SELF-MADE SCORE: * $3.6 BILLION S SELF-MADE SCORE: # revenue for the quarter through hedge fund Third Point in Sep-
SOURCE: PRIVATE EQUITY SOURCE: IN-N-OUT BURGER June, up 48% from the prior year. tember 2018. What started as
AGE: 57 RESIDENCE: NEW YORK CITY AGE: 37 RESIDENCE: GLENDORA, CA In December CEO Spiegel donated a campaign to replace the en-
PHILANTHROPY SCORE: PHILANTHROPY SCORE: $33 million worth of stock to the tire board ended in a settlement
Snap Foundation, a nonprofit sup- agreement to add three new
Rowan made news last October At 17, Snyder started working
porting Los Angeles youth; it is board members and give Loeb a
when his alma mater UPenn’s at her family’s In-N-Out Burg-
still in the exploratory stages and say in selecting the next CEO.
Wharton School announced his er, separating lettuce leaves and
$50 million gift. The donation— operating the register at a loca- has not made any grants. In high
Wharton’s largest single gift— tion in Redding, California. Not school, Spiegel promoted Red Bull 239. MICHAEL MORITZ
166 as an intern.
will go to the economic policy long after, her father died and
analysis program. Apollo Global, she became the chain’s sole heir- $3.5 BILLION S SELF-MADE SCORE: *
which he cofounded, manages ess. Over the next decade she re- 239. CHARLES COHEN SOURCE: VENTURE CAPITAL
T AGE: 65 RESIDENCE: SAN FRANCISCO
S over $300 billion in assets and ceived stakes in the company as
I
L is acquiring custom photo ser- part of a complex trust created by $3.5 BILLION S SELF-MADE SCORE: % PHILANTHROPY SCORE:
SOURCE: REAL ESTATE
E vice firms Shutterfly and Snap- her grandparents. She got the last Moritz, a longtime venture cap-
H fish and plans to combine them piece when she turned 35 in 2017 AGE: 67 RESIDENCE: NEW YORK CITY italist at Sequoia, has made re-
T
into one group. and today owns about 97%. As PHILANTHROPY SCORE: cent headlines for his work in
company president, she has over- While the bulk of his fortune— philanthropy. The former jour-
225. JOHN SALL seen careful expansion to Texas high-end office buildings in New nalist and Steve Jobs biogra-
and Oregon followed by Colora- York City and design centers in pher took over support of the
$3.6 BILLION T SELF-MADE SCORE: * do next year. several cities—remains steady, prestigious Booker Prize liter-
SOURCE: SOFTWARE Cohen continues to make eclec- ary award in June as part of a
AGE: 71 RESIDENCE: CARY, NC 225. EVAN SPIEGEL tic investments. In late 2018 he five-year sponsorship through
PHILANTHROPY SCORE: bought movie theater chain Land- his Crankstart foundation. In
Sall cofounded statistical software $3.6 BILLION S SELF-MADE SCORE: * mark Theatres from Mark Cuban August he wrote an op-ed in
firm SAS with James Goodnight SOURCE: SNAP (No. 179) and picked up Manhat- the Financial Times in support
AGE: 29 RESIDENCE: LOS ANGELES tan society magazine Avenue. He of direct listings as an alterna-
(No. 77), in 1976. The graduate stu-
dent met the then professor at PHILANTHROPY SCORE: already owns film producer Mer- tive to traditional IPOs, compar-
chant Ivory, luggage company T. ing investment banks to tick-
North Carolina State University. After a rocky period, Snap is on
an upswing; the number of daily Anthony and designer men’s foot- et scalpers.
wear firm Harrys of London.
239. GABE NEWELL
• B E G I N N I N G S • 239. TRAVIS KALANICK
$3.5 BILLION T SELF-MADE SCORE: *
$3.5 BILLION T SELF-MADE SCORE: * SOURCE: VIDEO GAMES
SOURCE: UBER AGE: 56 RESIDENCE: SEATTLE
AGE: 43 RESIDENCE: LOS ANGELES PHILANTHROPY SCORE: N.A.
PHILANTHROPY SCORE: For years, Newell and his com-
The former Uber CEO watched pany Valve Corp. have domi-
from the sidelines as the company nated online sales of PC games
went public in May. Kalanick’s net through Steam, its digital video
worth is down $2.4 billion since game distribution platform. Fac-
last year, partly because he put ing fresh competition, especial-
about $1 billion of his Uber shares ly from Fortnite creator Epic
into a charitable remainder trust Games, Valve has been forced to
and in part because of Uber’s cut its take on games sold via its
poor stock performance. He platform. Newell dropped out
remains on Uber’s board and is of Harvard to become an early
also CEO of City Storage Systems, Microsoft employee, before co-
which is working to create virtual founding Valve in 1996.
restaurants. In August he
reportedly purchased a $36.5 239. JAY PAUL
million penthouse in New York
City. $3.5 BILLION S SELF-MADE SCORE: *
SOURCE: REAL ESTATE
225. STEVEN SPIELBERG 239. MARY ALICE AGE: 72 RESIDENCE: SAN FRANCISCO
PHILANTHROPY SCORE: N.A.
$3.6 BILLION T SELF-MADE SCORE: * DORRANCE MALONE The Silicon Valley office devel-
SOURCE: MOVIES oper is on a mission to remake
$3.5 BILLION S SELF-MADE SCORE: @
AGE: 72 RESIDENCE: PACIFIC PALISADES, CA San Jose’s skyline, buying up
SOURCE: CAMPBELL SOUP
PHILANTHROPY SCORE: nearly $400 million worth of
AGE: 69 RESIDENCE: COATESVILLE, PA
The three-time Academy Award winner got his first job far away properties in the past year; he
PHILANTHROPY SCORE:
from the movie lots of Hollywood. At 13, he painted the trunks of cit- plans to put up new towers and
The granddaughter of the in-
rus trees in his native Scottsdale, Arizona, to keep them cool in the a sprawling tech campus. His
desert sun. He put that money into buying 8mm film and processing ventor of Campbell’s condensed real estate company also owns UNIVERSAL-GETTY IMAGES
equipment. Fast-forward about 60 years, and his films have grossed soup formula, Malone and her property in San Francisco, San
more than $10 billion worldwide. (Above, he’s on the set of Jaws in brother Bennett Dorrance (No. Diego and Santa Cruz and a
306) remain on the board of
1975.) He’s still making movies; his next turn in the director’s chair vineyard on a 1,134-acre ranch
will be to remake West Side Story. Campbell Soup after a proxy in the Santa Ynez Valley.

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