Page 36 - Forbes - USA (October 2019)

The Forbes 400 Drop-Offs
Little Big Picture S. Daniel Abraham
$2 BIL
SELF-STARTERS DECLINED OR Glenn Dubin
Of the 254 members $2 BIL
of The Forbes 400 DECEASED
32 Kenneth Feld
who have started a
business, nearly half $2 BIL

founded their first Nick Caporella
company before
R $1.9 BIL

E age 30. More than You’re off The Forbes 400 this year if you have less than $2.1 bil-
N four fifths did so prior Frank Fertitta

N to turning 40. lion to your name. That minimum net worth for inclusion hasn’t $1.9 BIL
U changed since last year, but 22 billionaires dropped out of the ranks,
R Lorenzo Fertitta
T 29% more than in 2018. An additional 5 died. Some got burned $1.9 BIL
N
O in the markets. And others just gave a pile away. Two notables: Jorge Perez
R
F $1.9 BIL
Larry Robbins
$1.9 BIL
William Young
$1.9 BIL
Leslie Alexander
$1.7 BIL
Alexandra Daitch
$1.7 BIL
Phillip Frost
$1.7 BIL
Under 20: 4.7% 20 to 29: 39.4% 30 to 39: 40.2% 40 to 49: 11% 50 to 59: 4.7% Lucy Stitzer
Sarah MacMillan
$1.7 BIL

$1.7 BIL
Katherine Tanner
$1.7 BIL
Anita Zucker
Near Miss $1.7 BIL
JORDAN’S BEST SHOT Steve Conine
$1.6 BIL
If the Charlotte

Hornets’ value grows John Farber
at its current annual $1.6 BIL
rate, Michael Jordan Former bond trader Leslie Shares of Nick Caporella’s Niraj Shah
(worth $1.9 billion) $1.6 BIL
could join The Forbes Alexander (above) sold the National Beverage, which makes
400 next year. He can NBA’s Houston Rockets to LaCroix seltzer, sank 65% David Zalik
celebrate that rare air fellow billionaire Tilman this year. Increased competi- $1.6 BIL
with his new tequila, Drew Houston
Cincoro, launched in Fertitta in 2017. He then tion—including Pepsi’s Bubly— $1.4 BIL
September with four donated $400 million of the dented its sales, while erratic
other NBA owners. Osman Kibar
Cincoro’s Extra Añejo proceeds to his eponymous pronouncements from Caporella $1.4 BIL
retails for $1,600— foundation, which focuses and a dispute over LaCroix’s
meaning Jordan is the primarily on animal welfare. ingredients didn’t help matters.
equivalent of 100,000

bottles away.
In Memoriam HEATHER WALSH; TED THAI/THE LIFE IMAGES COLLECTION/GETTY IMAGES

Alexander Paul Robert H. Ross David
Spanos Allen McNair Perot Koch
95, died 65, died 81, died 89, died 79, died BY WILL YAKOWICZ AND JENNIFER WANG
Oct. 9, 2018 Oct. 15, 2018 Nov. 23, 2018 July 9, 2019 Aug. 23, 2019
Real estate, Microsoft, Energy, Computer Koch Industries
Los Angeles investments Houston Texans services, $53.5 BIL
Chargers $20.3 BIL $3.8 BIL real estate
$2.4 BIL $4.2 BIL

“In Memoriam” net worth figures as of the 2018 Forbes 400. O C T O B E R 3 1 , 2 0 1 9
F O R B E S . C O M
F O R B E S . C O M