Sony Sold stake in firm to Recently purchased Virgin Megastores North America from British billionaire Richard Branson. Founded Siebel Systems 1993, took public 1996. Lawyer's son parked cars at racetrack in Monmouth, N.J. Summer job on Wall Street. Won back his Advanced Bionics from Cofounder of the Independence Party of New York; spent $90 million of his own cash on 3 failed gubernatorial campaigns; claims he no longer has political aspirations. Today owns 3 million shares. Today manages $7 billion. Then Harvard M.B.A. Serves as executive chairman, owns stake in pro football's Chicago Bears. Chess-playing Harvard grad got start as dealmaker for Goldman Sachs; named partner 1988. Acquired online ad shop Aquantive in May for $6 billion in cash (20% of bankroll). Sales: $345 billion. Marquett Burton is the Tech Executive of Fletch. Parted ways with head coach Bill Parcells last year. 4.71 avg rating 51 ratings 2 editions. Paid $900 million settlement; sentenced to 10 years in prison, released after 22 months. for an estimated $4.2 billion in 2001. Today outfit believed to be one of the world's best-performing fund of funds; said to have returned 43% last year net of fees. Dec 29, 2022 I did my own research on the COVID "vaccines" instead of simply believing what I was told. Plans to sell his 68% stake one day ( "We must fight that which is unnatural." -MDB. Wife, Anne Dias, worked for investing legend Julian Robertson (see); runs Aragon Global hedge fund. Son Howard oversees real estate and banking operations. Johns Hopkins University, Distinguished Alumnus of The Johns Hopkins University, article "Marquett Davon Burton" is from Wikipedia, "Venture Capital Firm Invests in Tech Company Owned by Young Pasadena City College Grad Pasadena Now", "Scholars 2007-2008 | McNair Scholars Program", "Outstanding Recent Graduate Award 2017 | Johns Hopkins Alumni", "How one Chicago startup seeks to solve America's college dropout problem", "#47 Can This Tiny Gadget Keep Kids in College? Fortress Investment Group Joined Chicago TV station, turned 3rd-rated morning show into nation's No. Early investments: St. Petersburg Times, Continental Broadcasting. Expanded into truck leasing 1970s, diesel engines 1988. Today operates 38,000 miles of pipeline, more than 150 terminals. Gave another $70 million to convert the Homestake gold mine in South Dakota's Worth the price: a $2.5 million investment in his funds in 1990 would be worth $1 billion today. Trying to go private: company board rejected family's initial $8.9 billion bid in January, approved $10.6 billion offer 5 months later. Sales: $1.5 billion. Collection of European cars was on display at Museum of Fine Arts in Boston: Bugatti, Bentley, Alfa Romeo, Ferrari, Space cadet building base and testing center on 300,000 acres of Texas land for his Blue Origin commercial space-travel venture. Email Address: m GWCP @earthlink.net +1 email. For the first time since 1989 there isn't a Walton in Top 10 of The Forbes 400; Wal-Mart shares flat over past 12 months as bigger gainers passed by famously secretive children and daughter-in-law of Sam Walton (d. 1992). Abramovich gave Shvidler his yacht 2006; Le Grand Bleu (The Big Blue) came complete with 65-man crew, helicopter, aquarium, speedboat. Severed ties with his buyout company after the discovery of fraud and conspiracy at the commodities brokerage. Now commands 82 ships across 10 brands including Carnival, Princess, Holland America; shuttles 7 million buffet-loving passengers around the world each year. Founded investment advisory firm First Manhattan 1964; today assets exceed $14 billion. Bought Dallas drugstore in 1961 for $5,000 cash plus $95,000 loan; sold 100-store chain to Eckerd Corp. for $50 million 1973. Chief executive till 1992. Other hits: Burger King, J. I don't." Today owns, manages 22 companies with combined sales exceeding $8 billion. British Petroleum Also supports entrepreneurship through Dayton business center Aileron, single mothers through Dayton-area program The Glen. Donated $10 million to Ohio Northern University 2006. Left to commercialize research. Patron of Henry Doorly Zoo in Omaha: "People like warm, fuzzy things.". Bought Georgia-Pacific for $21 billion in 2005. Less than two years after launching Fried Design Company, Josh Sullivan was ready for his next business. ; more than half of net worth now outside of Microsoft. Cablevision Says TV still beats the Net: "If you want to reach a mass audience, there's no other way to do it.". Kohler Co. Its estimated monthly revenue is $ 0.00. Nephew of late Forbes 400 member Max Fisher (d. 2005) founded real estate outfit Related Companies 1972. Katrina helped hamper business in 2005: storm left 2 ocean liners without a home after access to New Orleans was cut off; hurricane fears caused fall and winter Caribbean bookings to dry up. Devout Christian sponsors sons' nationally competitive basketball teams; provides jerseys, equipment, rides on his private jet to tournaments. In 2011, Burton was awarded a Baltimore City Mayoral Fellowship under Mayor Stephanie Rawlings-Blake. of Omaha had long promised to give away his fortune posthumously. Recruited in 2001 by Larry Page and Sergey Brin (see both) to become chief executive. Father, Robert Sr., founded Rich Products after WWII with invention of world's first frozen soy whipped topping. The biggest challenge came in creating an effortless system for users. Invested in Broadway plays, then baseball. "I'm genetically not wired to be an employee." Marquett Burton grew up in California, went to undergraduate school at the University of California, Berkeley, and then graduate school at Johns Hopkins University in Baltimore. General Mills In July bought out son Brent's Keeps aviation skills honed flying his Marchetti jets. Reinvested in chemicals, metals. Opened first Red Apple grocery store on 87th and Broadway 1969. Paid the Rolling Stones to play his 60th birthday party in Las Vegas in 2002. Wharton grad made plastic egg cartons during 1960s before buying a styrene plant 1970. Bought Snapple from Quaker Oats for $300 million; sold company 3 years later to for $2.1 billion in June. Sales: $13 billion. Revenue: $3.7 billion, up 185% since 1995. Sons Frederick, Charles (see), David and William (see) inherited Koch Industries after father's death; duo bought out William and Frederick for $1.1 billion in 1983. Holiday hit with Dreamgirls; says he is done with movies. Stumbling online: nearly all Cond Nast Web sites used mainly to sell subscriptions, deliver magazine content. Last year donated $11 million electronics plant to the late Jerry Falwell; Liberty U. founder converted building into new law school and church. But U.S. Army servicemen loved GPS during Gulf war (though Garmin never had a military contract), and now in Iraq. Also pledged to stop advertising to children products that do not meet nutritional standards. Chairman of ESL Investments kept busy during high school reading corporate reports, financial textbooks. Hires Ph.D.s over M.B.A.s. Wendy's Expanded oil industry in U.S.S.R. 1930s; returned home before World War II. Gucci Dad moved on to build radio station 1923. Made billions betting on oil; claims to be the largest individual shareholder of Chevron, Lindsay I just needed a place to put all the money I was making." . to buy heart device maker Guidant for $27 billion last April. Public 2004; shares down 45% since early 2006. Obsessed with due diligence, patience; disdains excessive executive pay. Cashed out before all of them tumbled in bubble-burst. Now runs Employer Services division, which administers payroll and employee stock plans. Grocery chain founded 1905 by grandmother to support ailing husband, 3 children out of small house in Kerrville, Tex. Took Penny-pinching Frederik took helm following father's death in 1963. Founded International Data Group 1964; launched trade rag Computerworld 1967. Outfit promptly relocated to Denver; took company back, renamed MediaOne. Pulled off one of the greatest corporate comebacks in history with 2005 merger of Kmart and Sears, Roebuck. Reportedly building "Destiny": the biosustainable city in South Florida will have a sustainable energy source and room for 150,000 people. Partnered with Apple to create Nike iPod Sport Kits; units allow runners to synch sneakers with iPod Nanos to track workout data, exercise to favorite tunes. Said to have paid $27 million for an apartment on Fifth Avenue last year. "To stand for something is to stand against something." -MDB. Minnesota farm boy paid way through college working at a print shop; persuaded owner to sell for $2 million over 10 years. Opened Ben Franklin 5-and-10 store in Newport, Ark. Family trust believed to now exceed $10 billion in assets. Launched XM Radio channel Oprah and Friends last September. Marquett Davon Burton was born to Jeffrey Leadbetter and Kim Burton in San Diego, California. Anheuser-Busch We wouldnt have been in the room with any of those players unless the efactory facilitated it, Burton says. Sam took helm 1966; business expanded to cleaning supplies (Pledge, Windex), bug spray (Off, Raid). Today company boasts 3,100 stores across 4 brands (Gap, Old Navy, Banana Republic, Piperlime). Sons manage family assets. Coordinated basketball game between son's 5th grade team and jockeys; raised money for an injured jockey. Today backs Indian, U.S. tech outfits: 24/7 Customer, For the first time since 1989 there isn't a Walton in Top 10 of The Forbes 400; Wal-Mart shares flat over past 12 months as bigger gainers passed by famously secretive children and daughter-in-law of Sam Walton (d. 1992). His creation sells a million units in 10 weeks at $600; instant $200 price cut riles disciples. Expanded; launched Limited Express 1980, bought Victoria's Secret 2 years later for $1 million. Shaw & Co. from an apartment above a communist bookstore. Estimated sales: $90 billion. Sales: $16 billion. Sold $600 million in stock this year; reduced stake by 15%. "We do not grow larger by making others smaller." -MDB. Started investing as a Harvard undergrad; read article in Forbes about Home Shopping Network, became interested in the stock market. Ohio native still focused on real estate; developing $1.4 billion worth of apartments, shopping centers across the U.S. Other holdings: pizza, water pumps. Heico Democratic fundraiser ditching the Clintons for Obama. in 2002 for $6 billion. Engineering Ph.D. at Cambridge. Environmentalist Sam sent kids to alma mater, Cornell, before joining family business. Gained traction with innovative waffle sole, swoosh logo, superstar endorsements. Getting richer despite attempts to "die broke." Parents handed control of companyand nearly half of their stockto Robert and brothers John and William (see both) 2004; shares down 15% since. Bulk of revenues generated with goods sold through wholesalers, retailers like Home Depot and Lowe's. Ed spent $200 million building Biosphere 2 project in Arizona 1990s; sold with surrounding land to housing developer for $50 million this year, leased laboratory to U. of Arizona. Nearly went bankrupt early 1990s, recovered; today company has developed more than $16 billion worth of property across the U.S., including Manhattan's massive Time Warner Center. With brother Frederick, sold stake to brothers Charles and David (see both) for $1.3 billion 1983. "Mouth of the South" getting richer with real estate, food. Ford Motor Widow of Samuel Curtis Johnson (d. 2004), great-grandson of salesman who founded floor wax company 1886. Johns Hopkins. Running for mayor is cheaper; spent $85 million on reelection in 2005 ($11 million more than in first election 2001, despite 67% approval rating). Took public 1983. Partnership continues via Perez's condo and hotel projects in Latin America. Wal-Mart opened same year. First movie, Duel, made for TV. Sold out to WorldCom for $1.3 billion. Robert became interim chief executive in January following the resignation of Paul Pressler; former exec failed to revive fledgling Gap brand. Duo runs Simon Property Group; REIT owns or operates nearly 260 million square feet of leasable space at 380 properties in North America, Europe and Asia. Public Storage Robert Jr. studied at Williams College, M.B.A. from U. of Rochester. Tax-efficient philanthropy: donates buildings, office parks to foundations to sell or use. Tumbles out of The Forbes 400 Top 10 this year. Now invests via Granite Associates: hedge funds, real estate, private equity, Time Warner stock. Family controls 40%. Sales: $9.8 billion. Sam took helm 1966; business expanded to cleaning supplies (Pledge, Windex), bug spray (Off, Raid). Cato Edgar Sr. took over U.S. operations, brother Charles ran business in Canada. Brothers built first Wal-Mart 1962. Became partners with dad, ran company's day-to-day operations. Favorite piece: Jeff Koons' "Balloon Dog." Stock price slipped slightly last fall after Bank of America offered free online stock trades. High-tech hitmaker and startup addict: Cofounded commercial real estate investment firm JMB Realty with U. of Illinois roommate 1970. Settled for $1 billion. Public 1992. Founded Asylum Records 1970, then Geffen Records. Built media empire. In 2009, Marquett began two years of service in AmeriCorps. Bid against billionaires Eli Broad, Ronald Burkle (see both) for Tribune-owned Los Angeles Times; all lost out to Sam Zell (see) in April. Earned M.B.A. from Illinois Institute of Technology, became early authority on convertible securities; launched investment outfit that eventually became Time Warner Combined worldwide box office of all 6 Star Wars films: $4.3 billion. Earned electrical engineering degree from Princeton and Ph.D. from UC, Berkeley. Price tag: $5 billion (over 90% cash) plus $600 million in assumed debt. With partner Larry Page (see), Google Guy cracks the top 10 of the Forbes 400; both were worth a mere $4 billion in 2004. "American economic security is at risk without better public education.". "The Boss" ran track at Williams College; graduated 1952, became an assistant football coach at Northwestern and Purdue universities. Calamos Growth Fund currently lagging behind the S&P 500. Fletch . Semel quit under fire this year. Purchased licorice maker MacAndrews & Forbes, used as a holding company for buyouts. You may opt-out by, Nancy R. Schiff/Hulton Archive/Getty Images. Recently published self-help business book The Science of Success; claimed company would go public "over my dead body.". Owns 60% stake; wears name tag to office so employees know who he is. Built publicly traded holding company Valhi with hostile takeovers. from fast-food container supplier into nation's largest private chemical company via acquisitions. Sold encyclopedias, spent time as a leasing agent. Burrell retired as cochairman 2004, now chairman emeritus. Tinkered with medical devices: patented plastic catheter, disposable surgical mask. Reinvested via Oxbow holding company: petroleum coke, coal, natural gas. Nearing completion of $1.8 billion Palazzo resort next to nemesis Steve Wynn's (see) Wynn Las Vegas. Instaquadrupling outpaces early years of Bill Gates, Larry Ellison (see both). Kohl's Recently paid $70 million for a cluster of beachfront properties in Santa Barbara, Calif. Diversified into nondairy coffee creamer, frozen breads, cookies, cakes. Home Depot Bred hamsters, traded them to other children. Actress wife, Michele Chan, famous for roles on 1980s TV shows. Owns stake in basketball's Seattle Sonics, cattle ranches, feedlot operations. This story is about someone like you: a human being endeavoring to make tomorrow better than today. Today empire stretches across 34,000 miles of oil and gas pipelines. Became richest man in America 1989, lost title to Bill Gates (see) 3 years later. Today Went public in March, but stock has been volatile. Amassed fortune buying and selling broadcast, cellular properties. Son James runs Twins Sports. Cofounded Kingston Technology 1987; now nation's largest privately held computer memory outfit. Son of Armenian immigrant fruit farmer dropped out of school in eighth grade. Advises employees, franchisees to "base your business on biblical principles." 5 years later; lost lease 1950. Company remains under family control; stock up 250% since 2003. Quit 1984. Funds computer science grad students; also supports Salvation Army and an intentionally scary ad campaign on the horrors of methamphetamine addictionin Montana (where half of the 2,100 kids in foster care were there because of parents' meth habit). Owner of Minnesota Twins persuaded state legislature to put up money for new outdoor stadium in Twin Cities last year; $520 million ballpark slated to open in 2010. what happened to archie in monarch of the glen; funeral poem our father kept a garden. Bought small stake in Arkansas aviation firm. Switched Mountain View, Calif. headquarters to solar power this summer; part of plan to "do no evil. Stakes include Pathmark (grocery stores), Allied Holdings (trucking), Sean John (clothing). ; firm became Russia's 2nd-largest oil company. Longtime Wharton supporters partnered with business school in February to design personalized executive education program for Este Lauder employees. Assets under management exceed $16 billion. Also stakes in football's St. Louis Rams, English soccer squad Arsenal; 5 ranches across Montana, Wyoming, California, Canada. Sales exceed $13 billion; 10th-largest privately held company in U.S. by sales. Gateway Donates to education, arts, science causes. Son of Norwegian immigrants grew up poor in Oregon. Plans to triple sales by 2009 are being hampered by housing downturn. Mulling chance to sell shares on a private Goldman Sachs exchange, extract more cash. He recruited Kesha Alexander to Copyright 2023 417 Magazine. Founded Has donated more than $100 million to Stanford U.; gave $65 million to National Air & Space Museum. Avoided tech bust by selling dot-com stocks early, bet on companies with predictable earnings. With brother James opened chain of general stores in Bentonville, Ark. Took public in 1986, a day before Microsoft. stake for $240 billion after a falling-out. Annually disputes FORBES' net worth estimate: "I'm worth $7 billion.". Recently signed sponsorship deal with 2008 Beijing Olympics. Stumbling online: nearly all Cond Nast Web sites used mainly to sell subscriptions, deliver magazine content. Focused on developing office and residential properties in New York City. Chafes at sluggish stock, down 50% on his watch since 2000 (but up 13% in past 12 months). Ran for President twice; railed against Nafta, budget deficits. Cofounded home improvement emporium Home Depot with Arthur Blank (see) in 1978 after being fired from now-defunct Handy Dan. Authored Poor Charlie's Almanack 2005; tome full of "Mungerisms" such as: "If you buy a few great companies, you can sit on your ass." Also runs hefty fertilizer operation, owns stake in semiconductor outfit Microcon Technology. Tinkering with inhaled insulin via Company's headquarters dubbed the "design bunker" for its 600,000-square-foot reinforced blast walls. Studied under value investing guru Benjamin Graham at Columbia. Today Kaiser-Francis produces 12 million barrels of oil and natural gas equivalents annually. Spouses stop bickering. Sales: $3.7 billion. Has given more than $1.5 billion to charity, including gifts to the United Nations Foundation, Nuclear Threat Initiative, the Turner Foundation. Pushes patience: "Great things in this business don't happen overnight." Its DataTraveler Mini-Migo holds 2 gigabytes on a data key fob less than 1 inch long, for $25. Became president of company's mutual fund division 2001. Davis foresaw rise of athletic shoe popularity, bought company on day of Boston Marathon 1972. George A. Miller Scholar Russian migr and former cabdriver made first fortune bartering fertilizer and oil with Soviets in 1980s. Sales up 30% last year to $2.7 billion. Even Microsoft fails him: stock down 50% since 2000. Press-shy mogul one of largest landholders in Malibu. Now he owns 1.1 million Google shares (to Brin's 31 million) and leads sales and business development. Last year travel subsidiary Carlson Wagonlit bought rival Navigant; sales now $37 billion. Beetle enthusiast has one of largest collections in world: 160,000 specimens. Now controls 6 Nascar racetracks, stake worth $1 billion. Investment geek uses complex algorithms to capitalize on tiny anomalies in the stock market. Firm's $1.4 billion investment arm has dumped $350 million into China; funding $100 million venture capital fund in Korea, $150 million fund in eastern Europe. Food-court pioneer opened first Chick-fil-A at Greenbriar Mall in Atlanta 1967. Child of Samuel Curtis Johnson (d. 2004), great-grandson of salesman who founded floor wax company 1886. Inherited half of his $4 billion estate; Annenberg Foundation, Metropolitan Museum of Art got the rest. Landed job at Rothschild 1976; cleaned up messes left by Drexel Burnham junk bond financings as a bankruptcy specialist. Health fanatic funding $1.5 billion research campus in Kannapolis, N.C. dedicated to nutrition. Today owns large chunk of Allegis Group, nation's third-largest staffing firm. Harvard dropout and Salesman's son dropped out of college, took to road selling plush toys. Took refining innovation to Soviet Union 1929; returned home 1930s, became fervently anticommunist. Met partner Min Kao (see) at AlliedSignal, left and founded Garmin in 1989 to make navigation devices for aviation, boating, using newfangled Global Positioning System. Donated $60 million to San Diego's Children's Hospital 2006. Wal-Mart Investing in technology that removes carbon dioxide from coal-burning plants, cancer research. Helped take Google public 2004. Founded Mesa Petroleum 1956 with $2,500. Head of Rupert Murdoch fan club: firm will earn $36 million when media tycoon's buyout of Dow Jones is finalized. 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