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Christy: widow of John Walton (d. 2005) supports school choice programs for underprivileged kids. Debuted year ago in 30 million homes. With brother Samuel Newhourse Jr. (see) took over after father's death in 1979; expanded, diversified. Borrowed $300 from wife, founded real estate developer Lerner Enterprises in 1952. MGM Mirage Unrest: university presidents demanding changes to U.S. News' famed college rankings. But Google, decade later, made him truly rich. , agreed to buy power firm Famously signed Alex Rodriguez to 10-year, $252 million contract, traded to New York Yankees 2 years later; team still paying some of third baseman's salary. Known for obsession with due diligence, efficiency. 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). Your email address will not be published. Wrote theme song for Inspector Gadget. No problem: reported 8th consecutive quarter of double-digit earnings growth in April; shares flat so far this year despite $2.3 billion stock buyback and $1.2 billion special dividend in August. Reality: pros, not kin, will succeed himif he ever dies. Wilma transferred large chunks of stock to sons soon after his death in 2003. Developed market for high-yield junk bonds, fueled 1980s leveraged buyout mania. Dolby now industry standard for movies, stereos. Owns stake in money management firm Fremont Group. Then Vegas: bought Sands Hotel & Casino for $128 million, demolished it to build the $1.5 billion all-suites Venetian Resort Hotel Casino and the 1.2-million-square-foot Sands Convention Center. Acquired one-third of massive Madden Deep natural gas field in Wyoming 1972; field grosses at least $2 million a day. Instaquadrupling outpaces early years of Bill Gates, Larry Ellison (see both). Following his bachelors, Marquett joined Teach For Americas Baltimore corp. Brother Leonard Lauder (see) took company public 1995; son William now chief executive. To boost value, split company into 2 year-end 2005: Viacom (Paramount Pictures, MTV Networks), Partner David Sun (see): moved to U.S. from Taiwan 1977, worked as chief engineer at Alpha Micro. In 2011, as a Baltimore Mayoral Fellow he acted as the liaison between the CEO of Baltimore City Schools and the Mayors Office.[9]. ). Harvard M.B.A. 1973. The queen of daytime television continues to expand her empire. Marquett Burton embodies the high-value life. Plan to pass control of empire to Jay's son Tom, cousin Nick (see) and niece Penny (see) collapsed in 2001; family agreed to split empire 11 ways, drawing lawsuit by Robert's 2 youngest children, Matthew and Liesel. Convinced by investor Frank Meyer to move to Chicago; founded Citadel Investment Group 1990 with Meyer's money. Rest of Seagram empire snatched up by Vivendi for $34 billion 2000. . With fellow Hungarians Louis and Leslie Gonda (see both) started plane rental outfit International Lease Finance with $150,000 savings, $1.7 million bank loan. After finding success across the country, Burton is bringing Fletch to southwest MO with the help of the efactory's accelerator program, Cohort 4. At work employees get free candy, day care, 35-hour workweek and scholarships for their kids to attend affiliated Cary Academy. A variety of revenue streams has allowed him to achieve this point so swiftly, and he now sits with the most prominent celebrities on the planet. Dropped out of NYU to work on Wall Street, took job in mail room of Philipp Brothers. Joined Chicago TV station, turned 3rd-rated morning show into nation's No. Norman, now 53, quit 1991 as Dell (see) direct-mail biz forced Gateway job cuts, store closings; fell off The Forbes 400. Today there are 28,198 Subway shops in 86 countries; much of company's success can be attributed to infamous Jared commercials claiming formerly obese airline worker lost 245 pounds eating only Subway sandwiches. Borrowed $1,800 to buy diner, flipped for tiny profit. Started Aerotek with $3,500 and furniture purchased from Goodwill; company provided engineers to aerospace industry. Donates heavily to Democrats, Mayo Clinic, Jewish causes. Bought First Premier Bank in 1986, later founded credit card outfit Premier Bankcard, early pioneer in subprime lending. Google With family controls Fidelity Investments, America's largest mutual fund company. With professional development offices already established in Chicago, St. Louis, Puerto Rico and South Korea, Burton sees potential in Springfield and hopes to further the companys presence in the community. Kim's Anam, Korean semiconductor maker. Now competing with Nike, expanding into sportswear, shoes. Vying to buy pro baseball's Chicago Cubs from Tribune Co. Building media empire: owns film production, distribution, theater firms. Today sales exceed $1.5 billion. Herb, made fortune covering the country with shopping malls. Spent 8 years at company he started in 1975 with Bill Gates (see)and 24 years after quitting, it still provides a quarter of his net worth. Filo runs tech. Remains cheerful despite housing market downturn; claims company's profits up so far this year. Reason: power. Launched cable biz with $1,500 in 1956: built 5-channel system in Liberty, N.Y. Sits on board of Memorial Sloan-Kettering Cancer Center. Son Riley (see) now in command; both believed to own 20% of company. Bidding for rights to run Aqueduct, Belmont, Saratoga racetracks. Google's 12th employee built a fortune that started with a game of ping-pong. 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. Also 550,000 acres of Florida timberland, stake in 1,800-acre golf resort in Cabo Del Sol. Bass Enterprises Production Co. pumps an estimated 8 million barrels of oil and gas a year. In 2019, Burton co-developed MyKee, a GPS and bluetooth based real-time location technology with Seth Kitchen[11]. Sold in 2005 to , Keds, Procter & Gamble, FTD, Disney, Bain & Co. before landing Ebay's chief auctioneer post in 1998. Today own, operate Bright House Cable (2.2 million subscribers); also pieces of the Discovery Channel, Learning Channel. Family controls 40%. Latest obsession: Cowboys Stadium. Plan to pass control of empire to Jay's son Tom (see), cousin Nick (see) and niece Penny (see) collapsed in 2001; family agreed to split empire 11 ways, drawing lawsuit by Robert's 2 youngest children, Matthew and Liesel. Bought pro baseball's Texas Rangers from group including George W. Bush 1998. Profits dwindling; shares still up 60% since November. Moved to railroads ( Served in South Pacific during WWII. ; invested $460 million so far, product approval years away. 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). Today classic designs span men's and women's clothing, luggage, house paint, furniture, fragrances; new line Rugby now experimenting with "punk meets preppy" for younger generations. Personally owns stakes in Montana's regional railroad; largest tug and barge fleet in British Columbia; Butte copper mine. Brother heads magazines via Cond Nast (New Yorker, Vanity Fair, Vogue). Today Bear Stearns Powered by a long-range Bluetooth device in each classroom, the Fletch app on the student's phone sends a signal to the device when they have entered the room and updates attendance records in programs like Blackboard and Canvas. Gave $20 million to UC, Irvine's law school in August. Provides hospitality services to London's Wembley Stadium; venue will host first NFL game outside North America this month. Hobbies: reading newspapers, donating to educational causes. Began buying land in New Jersey 1960s; today owns 38 million square feet of commercial, residential, retail properties from Newark to Jersey City. Founded Siebel Systems 1993, took public 1996. Pardoned by President Clinton 2001. Badly burned during dot-com bust. Parents handed control of companyand nearly half of their stockto Robert and brothers John and William (see both) 2004; shares down 15% since. Also runs hefty fertilizer operation, owns stake in semiconductor outfit Microcon Technology. Is entrepreneurship necessary for financial freedom 6:474. Then gave $600 million in stock to his 6 kids. Donates money to hometown of Beloit, Wis. in effort to help improve city's economic infrastructure, bring in new jobs. Son of lighthouse operator emigrated from Greece as an infant; family settled in upper Manhattan. Marilyn's son Curtis appointed chief operating officer in 2003, resigned this year; sued mom, aunt in May, claiming he was cheated out of chief executive position and his cut of profits. Also dolls: recently released Ty Girlz can be registered online to allow kids to shop, take vacations virtually. Reportedly building "Destiny": the biosustainable city in South Florida will have a sustainable energy source and room for 150,000 people. (No Ratings Yet) Selling shares in Och-Ziff hedge fund in company's impending public offering; will remain passive investors, have no voting control over firm's operations. , Sam's Club stores. for $670 million and 5-year employment contract in 1996. Cable pioneer founded network that became Home Box Office; traded channel with the old Time Inc. for a cable company with 1,500 Long Island customers 1973. public December 2004; shares up 260% since. Purchased New York Yankees from CBS for $10 million in 1973; franchise now worth $1.2 billion. Holds more than 30 patents with other inventors. Father, Sam (d. 1971), founded Distillers Corp. 1924, after emigrating from Russia to Montreal. Trained U.S., British fighter pilots during WWII. Boat was originally purchased from Paul Allen (see). Sold to Harvard dropout and Founded Wrigley Company 1891; introduced first spearmint chewables 2 years later. Company's new operating system, Vista, debuted in January to mixed reviews; shares up 12% in past year. Owns stake in private jet maker Aerion; expanding freight outfit Cargo 360 with $1.4 billion order for 6 AutoZone Served in Navy during WWII. Today Macklowe Properties run with son William. Valuation revised this year to include stunning art collection (Johannes Lingelbach, Rubens). Bought channel for $550 million in 1992 with Latin American partners; sold in March to a Haim Saban (see) group for $13.7 billion. Now on the Net, missed MySpace and YouTube revolution. Parents emigrated from Israel, settled in Flint, Mich. Conseco First movie, Duel, made for TV. Opened A.L. Bartender's son raised in Illinois housing projects; sold life insurance, worked construction jobs to pay for studies at Southern Illinois U. Both believed to own 20% of company. Paid $135 million for 1907 Klimt portrait last year, one of the largest sums ever paid for a painting. Today Young employees routinely asked to critique upper-level management. Donald oversees weakening newspaper division (Cleveland Plain Dealer, Newark Star-Ledger). Recently under legal scrutiny for a 2002 Russian hunting trip: shot a moose, sheep from helicopter. 13:246. Cablevision Battling HP for China market. Lost this year to Luna Rossi; rumored to be reviewing new boat designs for 2008. Paid $39 billion for Sam Zell's (see) Equity Office Properties in February, then agreed to buy Hilton Hotels for $26 billion in July. The solution? With father founded Hospital Corp. of America 1968; took public 1969. . ). Hewlett-Packard Sold to US West for $11 billion in 1996 on condition company remain in Boston. Built barns to pay U. of Wisconsin tuition. Donated $23 million to alma mater USC last year to fund fine arts school; serves on board of National Geographic Society. Recently signed sponsorship deal with 2008 Beijing Olympics. Limited Brands Today Meijer operates 181 stores across 5 states. Company recently gave health insurance, higher wages to shopping center janitors. Business boomed in 1970s after courts made insurance companies pay for replacement rentals. Chevron Pretax profits: $310 million. "We believe that this could be one of the great science centers in the world.". commands 45% of the U.S. athletic shoe market. Hank forced into retirement by his handpicked board in 2005 following an investigation by then N.Y. Attorney General Eliot Spitzer; most of the charges dropped earlier this summer. Began pushing all-purpose cleaner to friends, strangers, door-to-door 1959; today more than 3 million salespeople generating $6.3 billion a year under Alticor name. Anheuser-Busch Planning to turn some of his ground into residential developments. First buyout 1977: Atlas Architectural Metals for $4 million, sold 6 years later for $16 million. In August 2020, he launched his best selling book The Black Box, covering his journey to success. Not bad for a college prof: Got his start teaching at Stanford. Favorite piece: Jeff Koons' "Balloon Dog." Tycoon cashing in on the golden age of private equity: sold 18% stake in his Apollo Management for $1.2 billion to California Public Employees' Retirement System, Abu Dhabi Investment Authority in July. The legal saga of the former AIG chairman continues. Now they get him in trouble. Phone Number: (951) 654- OJSL. Stumbling online: nearly all Cond Nast Web sites used mainly to sell subscriptions, deliver magazine content. "Bondo" attended U. of Washington, then Harvard Law; became a civil rights attorney for Department of Justice. Marquett Davon Burton is an American technology entrepreneur. Marquett Davon Burton speaking to Korean Government in Seoul. Bequeathed another $225 million to Rockefeller Brothers Fund last summer. Sold online classifieds site StumbleUpon.com to Ebay this year; owns similar Indian site Naukri.com. Shuns the billionaire lifestyle. Last year bought DreamWorks live-action studio for $1.5 billion from founders David Geffen (see), Steven Spielberg (see), Jeffrey Katzenberg. Made fortune building massive shopping malls in the suburbs of Washington, D.C.: Tysons Corner Center, Tysons II, Wheaton Plaza, Landover Mall, Dulles Town Center, White Flint. Produced plenty of oil and gas, lots of debt. Wildcatter made fortune in north Texas gas fields; sold ground to Fremont General Went public 1997; shares up 63% in past 12 months. Cash-strapped newlywed lived at mother's Brooklyn home during the week with wife, Joan; finally moved out when Joan was 8 months pregnant. Nike [1], California where he tested out of high school at age 16. Former scientist Buck fronted family friend Fred DeLuca (see) $1,000 to open Pete's Super Submarines 1965. Other assets include Radio City Music Hall, Madison Square Garden, pro basketball's New York Knicks, hockey's New York Rangers. Expedia Constructing new lumberyards across the Sunbelt. (financial services). When son, Lee, died in plane crash 1976, hired John Brown (see) to run firm; deployed new sales force, cut costs. Marquett Burton is CEO and cofounder of Fletch; a college retention app that empowers students to invite any classmate to a study group with just 3 taps on their phone or get quick answers around the clock. Sales: $4.7 billion. Settled for $1 billion. Founded Blue Star hedge fund of funds in 1999. Goldman Sachs Used papers to champion Spanish-American War; infamously portrayed by actor Orson Welles in Citizen Kane. Today owns 15.5 million SPG shares worth $1.5 billion. 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