Page 184 - Forbes - USA (October 2019)

• B E G I N N I N G S •

370. JON YARBROUGH (No. 342) teamed up to raise $400
million through a public offering
$2.2 BILLION WX for a blank check company. Gores
SELF-MADE SCORE: * previously had invested along-
SOURCE: VIDEO GAMES side Metropoulos in Hostess in
AGE: 62 RESIDENCE: FRANKLIN, TN 2016. The Israeli-born Gores has
PHILANTHROPY SCORE: made more than 120 transactions
Last year the gambling-ma- through his Beverly Hills outfit
chine entrepreneur announced The Gores Group. He started in-
he would bankroll the Pamun- vesting after selling his comput-
key tribe’s effort to bring casinos er business in 1986. He launched
180 to Virginia, where commercial that business after lasting six
gambling has long been ille- months at a job at GM.
gal. In February, Virginia’s Gen-
T
S eral Assembly passed a bill that 388. JEFFREY
I might give voters in prospective
L
casino host cities the final say; GUNDLACH
E
H the Virginia Lottery Board must
T $2.1 BILLION Ì SELF-MADE SCORE: *
first deliver an analysis. Yar- SOURCE: INVESTMENTS
brough sold his gambling-ma-
AGE: 60 RESIDENCE: LOS ANGELES
chine maker Video Gaming Tech-
PHILANTHROPY SCORE:
nologies for nearly $1.3 billion
in 2014 to an Australian firm. In In September, Gundlach report-
middle and high school, he deliv- edly placed the odds of a reces-
ered newspapers mornings, af- sion before the 2020 election
388. TED TURNER ternoons and Sundays. at 75%. He has also sounded an
alarm on the boom in passive
$2.1 BILLION T SELF-MADE SCORE: % 388. JAMES CLARK investing. The founder of Dou-
SOURCE: CABLE TELEVISION bleLine Capital, whose flagship
AGE: 80 RESIDENCE: ATLANTA DoubleLine Total Return Fund
$2.1 BILLION T SELF-MADE SCORE: (
PHILANTHROPY SCORE: SOURCE: NETSCAPE, INVESTMENTS is up 5.5% year-to-date, warned
When Turner was 12, he worked for his father’s billboard company, AGE: 75 RESIDENCE: PALM BEACH, FL in July that recent central bank
Turner Advertising. He’s pictured in front of it above. After his fa- PHILANTHROPY SCORE: interventions are tantamount to
ther’s death in 1963, he took control of the business, then rebranded As a Stanford professor in the “trying to cure the sick patient
the firm as Turner Broadcasting. He launched CNN in 1980 but ’80s, Clark developed comput- . . . with more poison.” Gundlach
stepped away from the media industry after selling Turner to Time er image technology that revolu- went to Yale to get a math Ph.D.
Warner for $7.3 billion in 1996. Turner is now America’s second- tionized design. Since cofounding but left to do a stint as a punk
largest individual landowner, with 2 million acres of ranches in five Netscape, Clark has multiplied his rock drummer.
states. Turner has donated more than $1.3 billion to philanthropy. wealth through early investments
in tech giants like Apple, Facebook 388. STANLEY
and Twitter. A more recent bet is HUBBARD
coupon app Ibotta, which was val-
370. BRIAN SHETH runs Sherpalo Ventures, whose ued at $1 billion in August. $2.1 BILLION 3 SELF-MADE SCORE: %
portfolio includes online HR ser- SOURCE: BROADCASTING
$2.2 BILLION Ì SELF-MADE SCORE: ( vice provider Gusto and medical 388. GORDON GETTY AGE: 86 RESIDENCE: ST. PAUL
SOURCE: INVESTMENTS clinic startup Forward. Shriram PHILANTHROPY SCORE:
AGE: 43 RESIDENCE: AUSTIN, TX and his wife donated $57 million $2.1 BILLION WX In 1951, at 17, Hubbard start-
PHILANTHROPY SCORE: to Stanford University in 2014 for SELF-MADE SCORE: @ ed working as a prop person
the Shriram Center for Bioengi- SOURCE: GETTY OIL
He cofounded Vista Equity Part- for stations at the broadcasting
neering & Chemical Engineering. AGE: 85 RESIDENCE: SAN FRANCISCO
ners, which has conducted more company his father founded in
software acquisitions in the past PHILANTHROPY SCORE: 1925. Today he is at the helm of
decade than any other financial 370. VINCENT VIOLA Getty inherited a stake in his fam- Hubbard Broadcasting, which
investor. He grew up lower-mid- ily’s oil company after his father, J. owns 13 television stations and
dle class in a Boston suburb; his $2.2 BILLION T SELF-MADE SCORE: ( Paul Getty, died in 1976. He sold it 45 radio stations across the U.S.
father is an immigrant from India SOURCE: ELECTRONIC TRADING to Texaco for $10 billion in 1984. A
AGE: 63 RESIDENCE: NEW YORK CITY
and his mother Irish-Catholic. His classical music composer, his op- 388. BRADLEY
big break: meeting Robert Smith PHILANTHROPY SCORE: eras have been performed at New
(No. 131) and joining him at Gold- Viola has sold more than $530 York’s Carnegie Hall. He founded JACOBS
man Sachs and then cofounding million worth of shares in his PlumpJack Winery in 1995 with
Vista with him in 2000. electronic trading firm Virtu Fi- Gavin Newsom, now California’s $2.1 BILLION T SELF-MADE SCORE: *
nancial since May 2018. The governor. SOURCE: LOGISTICS
AGE: 63 RESIDENCE: GREENWICH, CT
370. KAVITARK RAM Brooklyn native heads Virtu as
executive chairman, but he’s ex- 388. ALEC GORES PHILANTHROPY SCORE: N.A.
SHRIRAM panding his horizons: He report- Shares of his XPO Logistics
edly dropped $108 million for $2.1 BILLION T SELF-MADE SCORE: ( fell by a third in the past year
$2.2 BILLION WX
SELF-MADE SCORE: ) Arizona’s tallest building in Oc- SOURCE: PRIVATE EQUITY amid short-seller attacks, cus-
AGE: 66 RESIDENCE: BEVERLY HILLS,
SOURCE: VENTURE CAPITAL, GOOGLE tober 2018 and earlier this year tomer cancellations and earn-
splurged on a Ft. Lauderdale CA ings misses. A trained pianist,
AGE: 62 RESIDENCE: MENLO PARK, CA
condo near the NHL’s Florida PHILANTHROPY SCORE: he dropped out of Benning-
PHILANTHROPY SCORE:
Panthers, which Viola has owned In May, Gores and private equi- ton College to start Amerex Oil
An early Google investor, he now since 2013. ty billionaire Dean Metropoulos in 1979.

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