Page 173 - Forbes - USA (October 2019)

• B E G I N N I N G S •
250. RONALD WANEK major league sports team. The joined Goldman Sachs’ research
first in his family to attend col- department the day after grad-
$3.4 BILLION S SELF-MADE SCORE: & lege, he made his initial fortune uating from Columbia Business
SOURCE: FURNITURE selling his billboard advertising School and helped build the firm’s
AGE: 78 RESIDENCE: ST. PETERSBURG, FL company Outdoor Systems for over $1 trillion asset manage-
PHILANTHROPY SCORE: $8.7 billion in 1999. ment division. He founded hedge
fund Omega Advisors in 1991. In
Wanek grew up poor on a Minne-
sota dairy farm. By 10 he could op- 261. PATRICK RYAN 2018, after settling insider trad-
erate a tractor. He started his first ing charges brought by the SEC
furniture manufacturing business, $3.3 BILLION S SELF-MADE SCORE: * regarding a small pipeline stock,
Arcadia Furniture, in 1970 with a SOURCE: INSURANCE without admitting or denying
AGE: 82 RESIDENCE: WINNETKA, IL guilt, he converted Omega into a 169
loan from his father and money
he got from selling his home. Six PHILANTHROPY SCORE: family office.
years later, Wanek bought Ashley Ryan sold personalized college T
Furniture and turned it into the scrapbooks to students to help pay 268. EDWARD JOHNSON IV H
largest furniture company in the for his education at Northwestern E

country. He remains chairman; University. In 1964, at 26, he start- $3.2 BILLION T SELF-MADE SCORE: @ F
son Todd, also a billionaire, has ed Ryan Insurance, then merged it 239. REED HASTINGS SOURCE: MONEY MANAGEMENT O
R
been CEO since 2002. with another company in 1982 to $3.5 BILLION T AGE: 54 RESIDENCE: BOSTON B
create AON, one of the largest in- PHILANTHROPY SCORE: E
S
261. JOHN ARNOLD surance firms in the world. He left SELF-MADE SCORE: &
SOURCE: NETFLIX
4
in 2008 after 41 years as CEO, and 268. ELIZABETH JOHNSON 0
$3.3 BILLION WX founded wholesale brokerage and AGE: 59 RESIDENCE: SANTA 0
SELF-MADE SCORE: * specialty insurance firm Ryan Spe- CRUZ, CA $3.2 BILLION T SELF-MADE SCORE: !
SOURCE: HEDGE FUNDS cialty Group two years later. This PHILANTHROPY SCORE: SOURCE: MONEY MANAGEMENT
AGE: 45 RESIDENCE: HOUSTON Netflix, a pioneer in the AGE: 56 RESIDENCE: BOSTON
year he was inducted into the Au-
stream ing industry, faces PHILANTHROPY SCORE:
PHILANTHROPY SCORE: tomotive Hall of Fame.
frenzied competiton from The siblings of Abigail John-
Arnold got his start trading Amazon, Hulu, Apple and
sports cards, reportedly travel- 261. MARK SHOEN Disney. Its stock has fall- son (No. 34), the CEO of mu-
ing around Texas and neighbor- tual fund giant Fidelity, hold
en 25% since second-quarter an estimated 5.6% of the firm
ing states to buy cards and re- $3.3 BILLION S SELF-MADE SCORE: %
earnings were announced— each. Edward is president of
sell them, and shipping cards SOURCE: U-HAUL though the company spent
to Canada for resale at high- AGE: 68 RESIDENCE: PHOENIX $12 billion last year on pro- Pembroke Real Estate, which is
er prices. He went through col- PHILANTHROPY SCORE: N. A. owned by Fidelity’s parent com-
gramming in an effort to pany FMR and manages 8.6
lege in three years and later Shoen’s parents started U-Haul gain a bigger international
made a fortune trading natural 74 years ago with $5,000 in sav- following. Hastings cofound- million square feet of real es-
gas for Enron before it implod- ings; he and brother Joe (No. 319) ed Netflix in 1997, two years tate. Elizabeth trains horses for
ed. Over the past decade Ar- wrested control of its parent com- after the IPO of his trouble- show-jumping.
nold, who only invests his own pany Amerco in 1986, a move that shooting software company
money now, has bet on such big irrevocably split the family. He Pure Software. He’s pictured 268. DANIEL OCH
energy projects as natural gas was the president of U-Haul for 16 above amid a mountain of
storage caverns, solar farms and years and still owns a 21% stake DVDs in September 2001. $3.2 BILLION S SELF-MADE SCORE: &
deepwater drilling in the Gulf in Amerco, which had revenues of SOURCE: HEDGE FUNDS
of Mexico. $3.8 billion in 2018. AGE: 58 RESIDENCE: SCARSDALE, NY
PHILANTHROPY SCORE:
261. JOHN MIDDLETON 261. ROMESH T. Och stepped down as chairman
tate deals linked to CEO Walter re- of hedge fund firm Och-Ziff (now
$3.3 BILLION S SELF-MADE SCORE: % WADHWANI portedly ended in May with no called Sculptor Capital Manage-
SOURCE: TOBACCO penalty, and the firm’s assets have ment) in March, 25 years after he
AGE: 64 RESIDENCE: BRYN MAWR, PA $3.3 BILLION S SELF-MADE SCORE: * edged up to $270 billion from founded it. The firm was rocked
SOURCE: SOFTWARE
PHILANTHROPY SCORE: $265 billion last year. Meanwhile, by redemptions in 2017 after in-
AGE: 72 RESIDENCE: PALO ALTO, CA vestors were scared off by a cor-
Middleton sold his family’s Phil- an entity he controls received $231
PHILANTHROPY SCORE: ruption scandal in Africa dur-
adelphia-based tobacco business million in July as prepayment for
John Middleton Inc., the maker The Indian-born tech entrepre- the 2022 delivery of up to 4.3 mil- ing which one of its subsidiaries
of Black & Mild cigars, to Altria neur, who came to the U.S. with lion shares of online car vendor pleaded guilty in 2016 to a crim-
for $2.9 billion in cash in 2007. less than $2.50 in his pocket in Carvana, effectively locking in inal conspiracy charge. Och now
1969 to pursue a master’s degree post-IPO gains of 400%. He’s also invests through his family office.
261. ARTURO MORENO and then a Ph.D. at Carnegie Mel- invested in plant-based-beef firm 268. JEAN “GIGI” PRITZKER
lon, is now chairman and CEO
of Symphony Technology Group, Beyond Meat, whose shares have
$3.3 BILLION S SELF-MADE SCORE: * more than doubled since going
a private equity firm he founded $3.2 BILLION WX
SOURCE: BILLBOARDS, ANAHEIM public in May.
ANGELS in 2002. SELF-MADE SCORE: #
SOURCE: HOTELS, INVESTMENTS
AGE: 73 RESIDENCE: PHOENIX 268. LEON G. AGE: 57 RESIDENCE: LOS ANGELES
PHILANTHROPY SCORE: 261. MARK WALTER PHILANTHROPY SCORE:
The majority of Moreno’s for- COOPERMAN
$3.3 BILLION T SELF-MADE SCORE: * A Hyatt Hotels heir, Pritzker is a
tune comes from owning MLB’s SOURCE: FINANCE $3.2 BILLION T SELF-MADE SCORE: ( film producer. Her media and en-
PAUL SAKUMA-AP is worth $1.9 billion, more than AGE: 59 RESIDENCE: CHICAGO SOURCE: HEDGE FUNDS tertainment company, MWM,
Los Angeles Angels. The team
AGE: 76 RESIDENCE: BOCA RATON, FL
has backed niche films like Drive,
PHILANTHROPY SCORE:
ten times what he paid for it in
Ender’s Game and Hell or High
PHILANTHROPY SCORE:
An SEC probe into Guggenheim
2003 when he became the first
Water.
The son of a Bronx plumber
Mexican American to own a
O C T O B E R 3 1 , 2 0 1 9 Partners over controversial real es- F O R B E S . C O M