Page 174 - Forbes - USA (October 2019)

• B E G I N N I N G S •
268. DON VULTAGGIO in 1995, and he stepped down as
& FAMILY CEO when GLG was sold to Man
Group for $1.6 billion in 2010. He
now runs venture capital firm
$3.2 BILLION S SELF-MADE SCORE: )
Toms Capital.
SOURCE: BEVERAGES
AGE: 67 RESIDENCE: PORT
WASHINGTON, NY 275. RICHARD SANDS
PHILANTHROPY SCORE:
$3.1 BILLION WX
His AriZona Beverages is jump- SELF-MADE SCORE: $
ing on the cannabis bandwagon. SOURCE: LIQUOR
In August, AriZona announced AGE: 68 RESIDENCE: CANANDAIGUA,
170
a partnership with Denver- NY
based cannabis company Dixie PHILANTHROPY SCORE:
Brands to produce THC-infused
T In March Sands stepped down as
S products. Vultaggio’s first foray
I chairman of his family booze busi-
L into the beverage industry was
ness, Constellation Brands, ced-
E in the 1970s, when he sold beer
H and soda in Brooklyn’s toughest ing the role to his younger broth-
T er, Robert, who gave up the CEO
neighborhoods. He transitioned reins; Richard remains vice chair-
to selling iced tea, launching Ar- man. Constellation invested $4
iZona from a Brooklyn ware-
billion in Toronto-listed cannabis
house in 1992. In his early days,
firm Canopy Growth in November
he worked in a grocery store but eight months later ousted the
and as a stock boy.
firm’s co-CEO in a move aimed to
boost growth. Richard started at
275. SID BASS 268. DENISE YORK & FAMILY Constellation in 1979 in the com-
pany’s winemaking lab; the busi-
$3.1 BILLION T SELF-MADE SCORE: $ $3.2 BILLION S SELF-MADE SCORE: # ness was founded by his father. He
SOURCE: OIL, INVESTMENTS SOURCE: SAN FRANCISCO 49ERS worked as a delivery-truck driver
AGE: 77 RESIDENCE: FORT WORTH, TX AGE: 69 RESIDENCE: YOUNGSTOWN, OH
during a hiatus from college.
PHILANTHROPY SCORE: PHILANTHROPY SCORE:
Last year’s fires in Malibu The San Francisco 49ers owner previously served as president of 275. DONALD TRUMP
burned the home that Bass her family’s Pittsburgh Penguins and in 1991 became the third
had bought there in 2015 for woman to have her name engraved on the Stanley Cup. (Above, $3.1 BILLION WX
$15 million from actor Patrick she poses next to the trophy with father Edward John DeBarto- SELF-MADE SCORE: $
Dempsey. Bass has acquired a lo Sr. and husband John York.) York worked for years in her fam- SOURCE: REAL ESTATE
new property in nearby Point ily’s real estate and sports enterprises and became the controlling AGE: 73 RESIDENCE: WASHINGTON, D.C.
Dume. In 2017 he negotiated the owner of the 49ers in 2001. In high school, she worked at the cus- PHILANTHROPY SCORE:
sale of his family’s oilfields in tomer information desk at a Ohio mall. The president’s fortune lies large-
New Mexico to ExxonMobil for ly in Manhattan real estate, golf
$5.6 billion in stock and up to properties, hotels and brand li-
$1 billion in future payment. censing businesses. Since he en-
has since launched two 3D cell-
275. DAVID RUBENSTEIN phones under his ROKiT brand. tered the White House in 2017, his
275. GAYLE BENSON He purchased an 80-acre Illinois sons Eric and Don Jr. have been
$3.1 BILLION S SELF-MADE SCORE: ( running the Trump Organization,
campus formerly owned by Mc-
$3.1 BILLION S SELF-MADE SCORE: ! SOURCE: PRIVATE EQUITY employing a strategy quite differ-
SOURCE: PRO SPORTS TEAMS AGE: 70 RESIDENCE: BETHESDA, MD Donald’s for $40 million. Hair- ent from their father’s.
AGE: 72 RESIDENCE: NEW ORLEANS care company John Paul Mitchell
PHILANTHROPY SCORE: Systems, which DeJoria cofound-
PHILANTHROPY SCORE: N.A. The trio cofounded private equi- ed in 1980 and still owns a major- 275. HERBERT
Benson, who got her start work- ty firm The Carlyle Group in 1987 ity of, notched an estimated $900
ing for a costume jeweler in and ran the business for over 30 million in sales in 2018. His first WERTHEIM
New York City in the 1960s, in- years. In 2018 they stepped back job was selling Christmas cards $3.1 BILLION Ì SELF-MADE SCORE: )
herited NFL’s New Orleans into smaller roles. Conway and door-to-door at age 9. SOURCE: INVESTMENTS
Saints and NBA’s New Orleans Rubenstein, who were co-CEOs, AGE: 80 RESIDENCE: CORAL GABLES, FL
Pelicans from her husband, Tom are now co-executive chairmen. PHILANTHROPY SCORE:
Benson, after he died in March D’Aniello, who was chairman, is 275. NOAM GOTTESMAN
2018 at age 90. chairman emeritus. Raised by his Before becoming a Florida optom-
$3.1 BILLION S SELF-MADE SCORE: & etrist, Wertheim made beeswax
single mother, D’Aniello worked at
SOURCE: HEDGE FUNDS candles as a young NASA engineer
275. WILLIAM CONWAY, JR. a produce market from age 9 until AGE: 58 RESIDENCE: NEW YORK CITY
he finished college. at Cape Canaveral. He made his
PHILANTHROPY SCORE: first million dollars in 1975 after
$3.1 BILLION S SELF-MADE SCORE: *
SOURCE: PRIVATE EQUITY 275. JOHN PAUL DEJORIA Gottesman is the cofounder and founding Brain Power Inc., a man-
AGE: 70 RESIDENCE: MCLEAN, VA largest individual shareholder of ufacturer of eyeglass tints. For six
publicly traded Nomad Foods, Eu- decades he has invested the prof-
PHILANTHROPY SCORE: $3.1 BILLION S SELF-MADE SCORE: )
rope’s biggest frozen food compa- its from Brain Power into the
SOURCE: HAIR PRODUCTS, TEQUILA
275. DANIEL D’ANIELLO AGE: 75 RESIDENCE: AUSTIN, TX ny, with $2.4 billion in revenue. It stock market. He is the largest in-
sells Birds Eye brand and supplies
dividual shareholder in the aero-
PHILANTHROPY SCORE:
$3.1 BILLION S SELF-MADE SCORE: ) McDonald’s Norwegian business space firm Heico. Wertheim and
In spring 2018, DeJoria sold his re-
SOURCE: PRIVATE EQUITY with plant-based nuggets. He co- his wife Nicole’s foundation has
maining stake in Patrón Spirits to
AGE: 73 RESIDENCE: VIENNA, VA founded hedge fund GLG Partners given $50 million to the Universi-
Bacardí in a $5.1 billion deal. He
PHILANTHROPY SCORE: as a division of Lehman Brothers ty of Florida.
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