Page 175 - Forbes - USA (October 2019)
P. 175

275. STEVE WYNN                  287. JAMES IRSAY                 bled software reseller, for less than   credit analyst, he amassed a for-
                                                                                  $1 million in 1989. After gradu-  tune dealing in junk bonds in the
                $3.1 BILLION S SELF-MADE SCORE: *  $3 BILLION S SELF-MADE SCORE: @  ating from Amherst College, Lee   1980s and 1990s. Today his Renco
                SOURCE: CASINOS, HOTELS          SOURCE: INDIANAPOLIS COLTS       returned to South Korea, where   Group, an industrial empire, has
                AGE: 77 RESIDENCE: LAS VEGAS     AGE: 60 RESIDENCE: CARMEL, IN    she grew up, and worked at auto   estimated revenues of $5 billion.
                PHILANTHROPY SCORE:              PHILANTHROPY SCORE:              parts maker Daesung Industri-    Rennert is enmeshed in a legal
                                                                                  al in order to save money for her   battle with Ron Perelman (No. 63)
                The former casino mogul has      A guitar aficionado, Irsay bought
                                                                                  M.B.A.                           over ownership stakes in Humvee
                been laying low since 2018, when   Pink Floyd guitarist David Gil-
                                                                                                                   maker AM General.
                multiple Wynn Resorts em-        mour’s 1969 black Fender Strato-
                ployees alleged sexual miscon-   caster at auction this summer    287. JOSEPH LIEMANDT
                duct. He has denied the claims.   for $3.9 million. The Indianapo-                                 287. THOMAS SIEBEL
                In February of last year, Wynn   lis Colts owner inherited the NFL   $3 BILLION WX SELF-MADE SCORE: &                                  171
                stepped down as CEO and the      team from his father in 1997. Irsay   SOURCE: SOFTWARE            $3 BILLION S SELF-MADE SCORE: *
                next month sold all of his shares   has spent most of his life with the   AGE: 51 RESIDENCE: AUSTIN, TX  SOURCE: BUSINESS SOFTWARE
                in the company he started with   Colts, working in ticket sales and   PHILANTHROPY SCORE: N.A.     AGE: 66 RESIDENCE: WOODSIDE, CA      T
                ex-wife, Elaine Wynn (No. 388).   public relations before becoming   Liemandt runs ESW Capital, a   PHILANTHROPY SCORE:                 E
                                                                                                                                                        H
                Recently, he started an online   general manager in 1984 at age 24.  company that has purchased doz-  A former Oracle employee, Sie-
                                                                                                                                                        F
                art gallery, which he is reported-                                ens of small software firms. His   bel made his fortune from soft-     O
                ly using to sell some of his mu-  287. THAI LEE                   companies are well known for em-  ware firm Siebel Systems, which      R
                                                                                                                                                        B
                seum-quality pieces by the likes                                  ploying freelancers from outside   he started in 1993 and sold to Or-  E
                of Matisse, Picasso and Warhol.   $3 BILLION S SELF-MADE SCORE: (  the U.S. The investor hasn’t talk-  acle for $5.8 billion in 2006. These   S

                Wynn started working at age 15,   SOURCE: IT PROVIDER             ed to the press about his business   days he is focused on C3.ai, his AI   4
                                                                                                                                                        0
                selling Good Humor ice cream     AGE: 60 RESIDENCE: AUSTIN, TX    dealings in more than a decade.  startup. Before working in tech,     0
                from his bicycle.                PHILANTHROPY SCORE: N.A.                                          Siebel was a cowboy, moving cat-
                                                 Lee runs IT provider SHI Inter-  287. IRA RENNERT                 tle and baling hay at a ranch in
                287. ORLANDO BRAVO               national, which hit $10 billion                                   Idaho when he was 23 years old.
                                                 in revenue and 4,000 employees   $3 BILLION T SELF-MADE SCORE: *  “After graduation I got in a pick-
                $3 BILLION Ì SELF-MADE SCORE: *  in 2018, serving 15,000 custom-  SOURCE: INVESTMENTS              up truck and started driving west,”
                SOURCE: PRIVATE EQUITY                                            AGE: 85 RESIDENCE: NEW YORK CITY  Siebel says. “[I] stopped in Belle-
                                                 ers. She and her now ex-husband
                AGE: 49 RESIDENCE: SAN FRANCISCO                                  PHILANTHROPY SCORE:              vue, Idaho, and was hired on a
                                                 bought its predecessor, a trou-
                PHILANTHROPY SCORE:                                               A Brooklyn native and former     local ranch as a cowboy.” Today he
                                                                                                                   owns and operates the 71,000 acre
                Bravo’s firm Thoma Bravo has
                perfected the software buyout,                        •   B E G I N N I N G S   •                  Dearborn Ranch in Wolf Creek,
                making him the first billionaire                                                                    Montana.
                from Puerto Rico.
                                                                                                                   287. WILLIAM WRIGLEY JR.
                287. JIM DAVIS                                                                                     $3 BILLION S SELF-MADE SCORE: #

                                                                                                                   SOURCE: CHEWING GUM
                $3 BILLION S SELF-MADE SCORE: *
                                                                                                                   AGE: 55 RESIDENCE: NORTH PALM
                SOURCE: STAFFING & RECRUITING
                                                                                                                   BEACH, FL
                AGE: 59 RESIDENCE: COCKEYSVILLE,
                MD                                                                                                 PHILANTHROPY SCORE: N.A.
                PHILANTHROPY SCORE:                                                                                The chewing gum heir led a $65
                                                                                                                   million funding round in med-
                Davis is chairman of $13.4 bil-
                                                                                                                   ical cannabis startup Surter-
                lion (revenues) staffing busi-
                                                                                                                   ra Wellness in July 2018 and
                ness Allegis Group, which he
                and his cousin Stephen Bisciot-                                                                    became the CEO four months
                ti (No. 150) started when they                                                                     later. Wrigley, known as Beau,
                                                                                                                   ran his family business for al-
                were in their mid-20s. Through
                                                                                                                   most a decade before selling it
                Redwood Capital, he also in-
                vests in everything from retire-                                                                   to Mars for $23 billion in 2008.
                ment communities to propane
                  distribution.                                                                                    296. JIMMY HASLAM

                287. JOHNELLE HUNT                                                                                 $2.9 BILLION S SELF-MADE SCORE: #
                                                                                                                   SOURCE: GAS STATIONS, RETAIL
                                                                                                                   AGE: 65 RESIDENCE: KNOXVILLE, TN
                $3 BILLION T SELF-MADE SCORE: &
                SOURCE: TRUCKING                                                                                   PHILANTHROPY SCORE:
                AGE: 87 RESIDENCE: FAYETTEVILLE, AR                                                                In 2017, Berkshire Hathaway
                                                   275. DON HANKEY
                PHILANTHROPY SCORE:                                                                                bought a 39% stake of Pilot Fly-
                Johnelle and her husband, John-    $3.1 BILLION WX SELF-MADE SCORE: &                              ing J for a reported $2.8 billion.
                                                   SOURCE: AUTO LOANS                                              In 2023, Berkshire will acquire
                nie (d. 2006), cofounded J.B. Hunt
                                                   AGE: 76 RESIDENCE: MALIBU, CA                                   another 41.4% of the truck stop
                Transport Services in 1969 with
                five trucks. Today she owns 17%     PHILANTHROPY SCORE:                                             chain founded by Haslam’s fa-
                of the $8.6 billion (sales) compa-  Hankey’s father opened a Ford dealership in Los Angeles in 1958.   ther, Jim, in 1958. Pilot, which
                ny. Hunt is the chair of investment   Hankey started out washing and polishing cars in his dad’s lot as a   Haslam has run since 1996, has
                firm Hunt Ventures, which broke     teen and the next summer graduated to selling used cars. His father   more than 750 locations in 44
                ground on a $100 million retail    died in 1962, and ten years later Hankey (at left above) bought out   states and $29 billion in reve-
                and residential development in     his father’s partners and took control of Midway Ford on Vermont   nue in 2018. He owns a majority
                northwest Arkansas in February.    Avenue. He eventually focused on subprime car loans: Today his   stake in the Cleveland Browns,
                                                   auto services empire boasts nearly $2.1 billion in sales.       worth $1.2 billion.


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