Page 177 - Forbes - USA (October 2019)

306. B. WAYNE HUGHES investment in Sony and pushed ly 40% over the past year on the by insurance and healthcare
for the company to spin off its heels of its conversion from a companies.
$2.8 BILLION T SELF-MADE SCORE: ( semiconductor business. Loeb had limited partnership to a corpo-
SOURCE: SELF-STORAGE tried and failed to get Sony to split ration, a move that a number of 319. EDWARD
AGE: 86 RESIDENCE: LEXINGTON, KY up in 2013. private equity firms have done
to ramp up liquidity. A Columbia DEBARTOLO JR.
PHILANTHROPY SCORE:
The cofounder of Public Stor- 306. STEPHEN MANDEL JR. University grad who got his ca- $2.7 BILLION T SELF-MADE SCORE: %
age, the nation’s largest public- reer start as a lawyer at Cravath, SOURCE: SHOPPING CENTERS
ly traded self-storage REIT, was $2.8 BILLION S SELF-MADE SCORE: & Swaine and Moore, Ressler co- AGE: 72 RESIDENCE: TAMPA
outed by the L.A. Times in Sep- SOURCE: HEDGE FUNDS founded Ares in 1997. His broth-
AGE: 63 RESIDENCE: GREENWICH, CT er-in-law is Leon Black (No. PHILANTHROPY SCORE:
tember as the anonymous donor DeBartolo joined his dad’s real es-
of $400 million to his alma PHILANTHROPY SCORE: 63). His wife is TV actress Jami 173
Gertz. tate company in his 20s. A quar-
mater, the University of South- In January, Mandel stepped
ern California. He retired as down from overseeing invest- ter of a century later he directed
its merger with Simon Proper-
chairman of home-rental com- ments at Lone Pine Capital, the 306. ALAN TREFLER ty Group. An NFL Hall of Famer, T
pany American Homes 4 Rent hedge fund firm he founded in E
H
in May. 1997. Despite losing money last $2.8 BILLION S SELF-MADE SCORE: * he owned the San Francisco 49ers
F
year, he is considered one of his SOURCE: SOFTWARE from 1977 to 2000, a period when O
AGE: 63 RESIDENCE: BROOKLINE, MA the team won five Super Bowls. R
306. JAMES JANNARD generation’s best hedge fund in- B
vestors. PHILANTHROPY SCORE: E
$2.8 BILLION T SELF-MADE SCORE: ( Trefler, a world chess champi- 319. PETER GASSNER S

SOURCE: SUNGLASSES 306. RICHARD PEERY on in college, has an unusu- 0
4
AGE: 70 RESIDENCE: SAN JUAN al talent that helped his soft- $2.7 BILLION Ì SELF-MADE SCORE: * 0
ISLANDS, WA $2.8 BILLION WX ware firm Pegasystems nab one SOURCE: SOFTWARE
AGE: 54 RESIDENCE: PLEASANTON, CA
PHILANTHROPY SCORE: N.A. SELF-MADE SCORE: * of its first clients. He worked
SOURCE: REAL ESTATE PHILANTHROPY SCORE: N.A.
Red Hydrogen One, the much- in his family’s antique-restora-
AGE: 81 RESIDENCE: PALO ALTO, CA Gassner is cofounder and CEO of
hyped holographic smartphone, tion shop as a teen. Years later
had a disappointing launch in PHILANTHROPY SCORE: he offered to repair a Bank of Veeva, a software firm that helps
November 2018. After bad re- Peery’s entrepreneurial bent was America rep’s family heirloom. healthcare companies manage
views, Jannard blamed the clear in middle school, when he He did the restoration and got clinical trials and more. Shares
problems on the manufactur- owned every gumball machine on the client. Pegasystems’ soft- of Veeva, of which he owns about
er. He took sunglasses company the campus of Stanford University. ware helps businesses with cus- 9%, are up more than 50% in the
Oakley public and then sold it He later bought up Silicon Valley tomer engagement and is used past year amid soaring profits.
to Luxottica in 2007 for $2.1 bil- farmland with his business part-
lion. He then started Red Digi- ner John Arrillaga (No. 342) in the • B E G I N N I N G S •
tal Cinema, which manufactures 1960s, transforming it into a real
high-end digital cameras that estate empire that’s now home
have been used to shoot films to tenants such as Facebook and
like the Hobbit trilogy. Before Tesla. The two sold $250 million
dropping out of USC’s pharmacy worth of office buildings to Google
program, Jannard was known in April.
to take his Irish setter, named
Oakley, to class. 306. PENNY PRITZKER

306. WILLIAM LAUDER $2.8 BILLION S SELF-MADE SCORE: #
SOURCE: HOTELS, INVESTMENTS
$2.8 BILLION Ì SELF-MADE SCORE: $ AGE: 60 RESIDENCE: CHICAGO
SOURCE: ESTÉE LAUDER PHILANTHROPY SCORE:
AGE: 59 RESIDENCE: NEW YORK CITY U.S. secretary of commerce
PHILANTHROPY SCORE: N.A. during President Obama’s sec-
The Estée Lauder chairman ond term, the Hyatt heir is
joins four family members in back managing her invest-
the Forbes 400 ranks, thanks to ments through her firm, PSP
a nearly 50% jump in the value Partners. She got her law de-
of the makeup giant’s shares gree and M.B.A. from Stanford
since March. The elder son of and trained for an Ironman tri-
Leonard Lauder (No. 25) was athlon before joining the fam-
the company’s CEO from 2004 ily hotel business when she
to 2009. was 30. 306. ERIC LEFKOFSKY

306. DANIEL LOEB 306. ANTONY RESSLER $2.8 BILLION S SELF-MADE SCORE: *
SOURCE: GROUPON
$2.8 BILLION T SELF-MADE SCORE: & $2.8 BILLION S SELF-MADE SCORE: * AGE: 50 RESIDENCE: GLENCOE, IL
SOURCE: HEDGE FUNDS SOURCE: FINANCE PHILANTHROPY SCORE:
AGE: 57 RESIDENCE: NEW YORK CITY AGE: 57 RESIDENCE: LOS ANGELES
The Groupon cofounder’s latest startup, Tempus, is trying to use big
PHILANTHROPY SCORE: PHILANTHROPY SCORE: data to improve cancer treatment. The company, founded in 2015,
He and his $15 billion hedge The Atlanta Hawks are coming raised $200 million at a $3.1 billion valuation in May. Lefkofsky’s en-
fund, Third Point, are known for off a losing season, but majori- trepreneurial journey began while he was a student at the University
launching activist campaigns ty owner Ressler is still winning. of Michigan, where he started a carpet business that he estimates
against corporate boards. Earlier Shares of his Los Angeles-based generated hundreds of thousands of dollars in sales. He went on to
this year, Loeb made a $1.5 billion Ares Management are up near- found five companies, including Groupon and Tempus.

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