Page 32 - Forbes - USA (October 2019)

Young 400
The Youngest
BINARY BILLIONS Evan Spiegel
AGE:
29
NET WORTH:
$3.6 BIL
28 SOURCE:
For decades now, one thing has held true: If you’re young and want to make a fortune, go SNAP
online. Thirteen members of The Forbes 400 are under age 40. Four are heirs. The other nine
created their wealth digitally—transforming everything from how we travel to how we buy a car. Bobby
R Murphy
E
N 31
N $3.7 BIL
U Ernest Garcia III SNAP
R
T Lukas Walton
N CARVANA AGE: 37
O In 2012, Ernest Garcia III had 33
R $18.1 BIL
F an idea, but his boss—his WALMART
father, Ernest II—had his
doubts. “I wasn’t sure people Julio Mario Santo
would buy a used car online Domingo III
without seeing it,” Ernie II 34
$2.1 BIL

says. “He felt very differ-
BEER
ently.” The Garcias were
already motor moguls, own- Dustin
ers of an empire of used-car Moskovitz
dealerships from Atlanta 35
to Albuquerque. Ernest III, $11.6 BIL
who let his father speak for FACEBOOK
him for this story, wanted to
begin selling those vehicles Mark
Zuckerberg
through Carvana.com. Ernie
35

III knew better than his old
$69.6 BIL
man: Today Carvana is a FACEBOOK
publicly traded, nearly $2
billion-in-sales business. Nathan
Ernie III is president, CEO Blecharczyk
and chairman; Dad is the 36
largest shareholder. With $4.2 BIL
AIRBNB
the stock more than doubling
since January, Wall Street Scott Duncan
is onboard. Ernie III “just 36
doesn’t stop,” gushes Ron $6.3 BIL
Josey, managing director at PIPELINES
JMP Securities. “It’s infec-
tious . . . and Ernie has sur- Lynsi Snyder
rounded himself with a group 37
$3.6 BIL
of really smart operators.”
IN-N-OUT BURGER
Ernest
Garcia III
The Haute List 37
$2.3 BIL
NFL DREAM BOATS USED CARS
Maybe they should call it the NF-Sea. Over
the past year, three billionaire NFL owners on Brian Chesky
The Forbes 400—Jerry Jones (Dallas Cowboys), 38
Dan Snyder (Washington Redskins) and Arthur $4.2 BIL
Blank (Atlanta Falcons)—purchased superyachts AIRBNB
that are each roughly the length of a football Joe Gebbia
field. Jones spent $250 million on the Bravo

Eugenia (at right)—$110 million more than he 38
paid for the team. And if you’re on the hunt $4.2 BIL
for a Super Bowl-worthy superyacht, Octopus, AIRBNB FRANCISCO MARTINEZ/OCEANCO
a 414-foot vessel that belonged to the late
Seattle Seahawks owner Paul Allen (No. 21 on Sean Parker BY CARTER COUDRIET

the 2018 Forbes 400) is now on the market for 39
$326 million. Before you ask: Yes, it comes with $2.7 BIL
its own submarine. FACEBOOK

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