's iPod, the Zune, not yet a hit. Longtime critic of efforts to repeal estate tax; says wealth should not pass exclusively to members of "lucky sperm club." Well diversified: largest piece of fortune in Omni Hotels. Rate this book. Stint in Navy as photographer WWII; came home to work for dad. Third-generation grocer's Central Market stores shun big brands like Coca-Cola and Served in Navy during WWII. Less than two years after launching Fried Design Company, Josh Sullivan was ready for his next business. Shares soared 145% in past year. Dropped out of Harvard Ph.D. program to drive New York City taxi. In June donated $100 million to alma mater University of Illinois to create fund focused on alternative energy, bioengineering, stem-cell research. * Note: these are all the books on Goodreads for this . Tried to sell pro basketball's Memphis Grizzlies to group led by former players Brian Davis and Christian Laettner; deal soured after group failed to produce cash needed to buy the team. "I read the entire history of the entertainment business." Lesson: "War should be outlawed." Gave $100 million to Purdue last year to build a technology-conversion institute. Ratted out by fellow arbitrager Ivan Boesky; plead guilty to 6 counts of securities fraud 1990. With brother William heads Li & Fung, global outsourcing firm that supplies clothes and accessories to retailers such as Disney, Coca-Cola, With Robert Lurie (d. 1990), built business buying, selling cheap real estate. With Cuban, owns stakes in 2929 Entertainment, Magnolia Pictures, Landmark Theatres, HDNet, Lion's Gate. Kohlberg exited 1987. Sallie Mae Went to work for Michael Marcus at Commodities Corp. In a few years, he will reach a new level of popularity and will get several accolades. Back in the game: new sports agency represents quarterback Troy Smith, last year's Heisman Trophy winner. Recently renovated the Kennedy Cottage at his San Ysidro Ranch in California; travelers pay $2,990 per night to sleep in cottage occupied by John and Jackie Kennedy on their honeymoon. Bought Snapple from Quaker Oats for $300 million; sold company 3 years later to Gave $100 million to alma mater Tufts in 2005. 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. 5 years later; lost lease 1950. Owns more than 600 billboards in China; considers Shanghai "the place to be." Native Nebraskan ran discount stock brokerage. Advises employees, franchisees to "base your business on biblical principles." Tinkering with inhaled insulin via Sales now $13 billion. Second-generation Greek-American born in Detroit, raised in Pasadena, Calif. His original $270 million bet paid back more than 3-fold; made $970 million including fees. Badly burned during dot-com bust. Took Wal-Mart public 1970, now world's largest retailer, with more than 7,000 stores in 14 countries; 1.9 million employees serve 176 million customers a week. Today Kinray's highly automated operation supplies more than 3,000 independent pharmacies in 8 northeastern states. New York Times Co. 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. 1988; public 1997. Early goal: put "a computer on every desk and in every home." , Group sold minority interest to Japanese investment firm Nomura for $890 million last December; has also earned more than $100 million in net cash payouts since 2005. Started career at Boettcher & Co. 1979. Turned Chairman of ESL Investments kept busy during high school reading corporate reports, financial textbooks. MGM Mirage Founded Dolby Labs in London 1965, relocated to San Francisco 1975. Microsoft cofounder may be one of most hopeful tech investors ever. 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. Winning strategy: use junk bonds to buy underperforming companies, rework balance sheets, sell for profit. Secretive; believed to be giving portions of fortune to children. Returned cash to investors in 2000, fund now manages his money only. Heinz Sells to AT&T in 1993 for $11.5 billion. Shaw & Co. from an apartment above a communist bookstore. Today company boasts 3,100 stores across 4 brands (Gap, Old Navy, Banana Republic, Piperlime). Shares up 400% since offering. "We must fight that which is unnatural." -MDB. 1976. Hobbies: reading newspapers, donating to educational causes. Today Olen Properties owns 6.4 million square feet of commercial space and 11,800 residential units in L.A., Las Vegas and Florida. Estimated sales: $1.5 billion. David: ran as vice presidential candidate on the Libertarian Party ticket in 1980. Hires Ph.D.s over M.B.A.s. Sales: $91 billion. Bank of New York Revenues exceed $20 billion; company booked $25 billion in new contracts last year. Created data processing outfit Commerce Secretary under Nixon, became chairman of Lehman Brothers 1973. Wealthy developer's son went to Beverly Hills High School, dropped out of UCLA for job in mailroom at William Morris Agency. Son Pete ran for U.S. Senate last year; dumped personal $12 million into bid. Original office: 2 folding chairs and a card table. Since then Cisco sales up 28%, net profits up 63%, per-share earnings up 160%. Shares down 45% since offering, keeping Kauffman and Nardone off The Forbes 400. Marquett Burton is bringing his app concept, Fletch, to life with the help of the efactory's accelerator program, Cohort 4. Based franchise on Ray Kroc's Operating margins believed to approach 30%. Widow of Brooklyn-born investor Preston Tisch. Founded Mesa Petroleum 1956 with $2,500. Opened Ben Franklin 5-and-10 store in Newport, Ark. Searching for more universities that will do the same; several have turned him down because of his strict rules as to how funds should be used. ) for stock and cash 1989. Currently, there is a lot of positive discussion and criticism about him. Founded W.L. Met partner John Sall (see) as a graduate student at North Carolina State. Became Bechtel president 1960; chairman 1973. Juniper Networks , owns stakes in cable (QVC, Encore, Starz), cell phones (Motorola), online retailing ( Early investor in Berkshire Hathaway; today owns 10,000 shares worth $1.2 billion. Rebuilt fortune after 1990s real estate collapse via private equity firm Walton Street Capital. Sold to AIG in 1998 for $18 billion; stake worth $3.1 billion today. Save my name, email, and website in this browser for the next time I comment. Took public as Now oversees private equity firm Vatera Capital; focused on life sciences investments. Sony Partner to TCI cable founder Bob Magness (d. 1996) sold nation's largest cable company to AT&T in 1999 for $54 billion. Brusque money manager sold Heine Securities to Profits dwindling; shares still up 60% since November. Other assets include Radio City Music Hall, Madison Square Garden, pro basketball's New York Knicks, hockey's New York Rangers. Fisk: S.C. Johnson chairman has Ph.D. in physics, M.B.A.; working in Kenya, India to establish sustainable, community-based businesses. Fortune crushed after suffering 2 years of losses when tech bubble burst. Father, William Ziff Jr. (d. 2006), built Ziff-Davis publishing empire (PC Magazine, Car & Driver, Boating). Charles: cofounder of conservative think tank Now controls 6 Nascar racetracks, stake worth $1 billion. Clearwire Expedia Sports car junkie funds Team Menard at Indy 500 each year; sponsors Nascar's Dale Earnhardt Jr. "Len" immigrated to U.S. from former Soviet Union 1978 at age 21; arrived penniless. . Filo runs tech. Expected philanthropic gifts to reach $400 million this year. Harvard Business School grad became friends with Warren Buffett (see) in 1962. Grandfather Fung Pakliu started distribution outfit Li & Fung a century ago in Guangzhou, China; sold porcelain, handicrafts. U.S. Wisconsin native started at Decade later books still big piece of virtual mall's $10.7 billion sales. Last year bought DreamWorks live-action studio for $1.5 billion from founders David Geffen (see), Steven Spielberg (see), Jeffrey Katzenberg. Company renamed Abraxis BioScience; shares down 15% during past 12 months. Paid $300 million in back taxes on gains from Fox Family sale after IRS probed tax shelter he, others used; told Congress that accountants gave him bad advice. Detroit native dropped out of Stanford M.B.A. program to join former Harvard classmate Gates (see) in 1980. Sales exceed $3.3 billion. With family, controls Fidelity Investments, America's largest mutual fund company. Built first house with $10,000 loan 1958. Emphasized style, cutting-edge lens technology; Oakley glasses are made of polycarbonate material that can withstand a shotgun blast. He was raised in Pasadena. Struck out on own after Dad passed family oil business to brother Sid (see). Maybe Rupert Murdoch (see) should buy it. Wears blue jeans, drives Chevy pick-up. Victor now chairman. Flowers & Co. buyout shop decade later. Invested some of the proceeds in resorts; sold stake in Extended Stay America to Stephen Schwarzman's (see) Blackstone Group 2004 for $185 million. Donald oversees weakening newspaper division (Cleveland Plain Dealer, Newark Star-Ledger). Son of Norwegian immigrants grew up poor in Oregon. Studied biophysics. The Black Box. Father, Hendrik, emigrated from the Netherlands 1907; settled in Michigan. Built Today Sobrato Development owns and manages 100 buildings in Silicon Valley, 8.5 million square feet of commercial space, 8,500 residential units; another 400 acres ready for development. Focused on new developments near area's Dulles airport and Tysons II. Renowned for frugality, reduced ownership for estate planning 1995; family owns 49%. Purchased oil refiner's stock for $7.5 million. To boost value, split company into 2 year-end 2005: Viacom (Paramount Pictures, MTV Networks), He recruited Kesha Alexander to Copyright 2023 417 Magazine. Cadbury Schweppes Founder and Executive: 2014: Sep 2020: Related Hubs. Cofounded Columbia Hospital Corp. 1987, merged with Tom Frist's (see) Hospital Corporation of America 1994. Sales: $345 billion. Eviscerated in 1990 real estate crash; stayed flamboyant, embraced reality TV. Sports enthusiast owns pro basketball's Detroit Pistons, WNBA's Detroit Shock, hockey's Tampa Bay Lightning. Created insurance behemoth Travelers Group through acquisitions, then merged with Citicorp in 1998. His Caxton Global Investments hedge fund has returned 25% annually net of fees since. Studied petroleum engineering at U. of Texas. Taught computer science at Columbia U., worked at Morgan Stanley before launching hedge fund D.E. Reinvests profits in Nextel satellite networkthen it all collapses in telecom crash of 2000. Personally owns stakes in Montana's regional railroad; largest tug and barge fleet in British Columbia; Butte copper mine. We wouldnt have been in the room with any of those players unless the efactory facilitated it, Burton says. Expanded market share with premium puppy chow; focused on nutrition, high-end breeders. Today brother Charles lords over nation's largest privately held company: chemicals, pipelines, ranching, commodities trading, lumber, paper; also refining operations in Alaska, Texas and Minnesota. Louis retired from AIG 1995, now makes venture capital investments via Lexington Commercial Holdings. Became chief of firm's money management operation 17 years later. in July; company blames city contractor. Daughter of James M. Cox (d. 1957), newspaper reporter who bought the Dayton Evening News for $26,000 in 1898. Quit first company, VivoRx, after feuding with investors. Founded Kohlberg & Co. 1987. Went Hollywood: made billions buying and selling movie studio MGM, 3 times since 1969. Republican sits on U.S. President's Council of Advisors on Science & Technology. Raising cash for a new futures-oriented fund that will go live in October. Nanogenarian still drives himself to work each morning. 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. Sister, Eleanor, involved with children's charities. Company now peddles 27 brands, including Clinique, Aveda, Bobbi Brown, La Mer. Raised another $25 million from venture capital firms Kleiner Perkins Caufield & Byers and Sequoia Capital in 1999. Minority partner in Russian oil tycoon Roman Abramovich's Millhouse; firm created 2001 to manage assets owned by Abramovich and his partners. | The Pitch", "This Device Is Tracking Student Attendance To Save Universities Money", "Parallel18 reveals startups joining its third generation", "Erie Innovation District Selects Seven Businesses for Secure Erie Accelerator 2019", "This New Internet-Sharing App Could Help Neighbors Get Online For Less", "Local Entrepreneurs Create MyKee Key Finder", https://en.everybodywiki.com/index.php?title=Marquett_Davon_Burton&oldid=1977799. Family contributions to NYU exceed $100 million. Shuns traveling like a billionaire. U.S. Bancorp Sold online classifieds site StumbleUpon.com to Ebay this year; owns similar Indian site Naukri.com. Commerce Secretary under Nixon, became chairman of Lehman Brothers 1973. Creator of original chicken sandwich fired up first grill 1946. Purchased 8-year-old computer-repair firm Geek Squad 2002 for $3 million; today all U.S. Best Buy stores have Geek Squad service available. Academy of Hair Designs Linda Daugherty, Chair of the Springfield Area Chamber of Commerces Small Business Council, shares tips to 417-lander Seth Harrell has a masters degree in a unique field: foresight. Mom, Helen, passed away April; matriarch's fortune to pass to charity over next few years. Developed 10,000-acre Rancho Mission Viejo in California, sold to Philip Morris 1967. Today own, operate Bright House Cable (2.2 million subscribers); also pieces of the Discovery Channel, Learning Channel. College dropout became a real estate broker in 1959; founded developer Macklowe Properties mid-1960s. Grandson of visionary oil baron John D. Rockefeller focusing on where his fortune will go after he is gone. Host of famous annual media retreat in Sun Valley, Idaho. Wife runs Mathile Family Foundation. 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