Owned 10 stores by age 24; made $25 million a year in revenue. Emphasized style, cutting-edge lens technology; Oakley glasses are made of polycarbonate material that can withstand a shotgun blast. Owner of pro football's Atlanta Falcons forced to juggle off-the-field distractions this summer; quarterback Michael Vick pleaded guilty to dogfighting charges in August. pritzker (d. 1986), who, with sons Jay (d. 1999) and Robert, created industrial conglomerate Marmon (sales: $7 billion) and hotel chain Hyatt (735 hotels worldwide). Estimated sales: $1.5 billion. Richard retired 1993; second generation now at helm. "I'm genetically not wired to be an employee." Increasing presence at airports; through holding company, bought Vanguard Auto Group, operator of National and Alamo car rental companies, for an estimated $1.2 billion earlier this summer. Horse racer seeking first Kentucky Derby win. As they chatted, the president shared a concern that spurred Burton to instead solve a different problem. Sold stake in firm to Southern Union for $1.6 billion 2005. This year took company private for $22 billion with management and investors; deal backed by Goldman Sachs and Fayez Sarofim (see). Brother Howard runs family foundation. Retired 2001. Studied philosophy at Princeton. Still yearning to win yachting's most prestigious trophy, the America's Cup. Other projects: Tacoma Narrows Bridge in Seattle, New Doha International Airport in Qatar. Minnesota farm boy paid way through college working at a print shop; persuaded owner to sell for $2 million over 10 years. Sales: $5 billion. Purchased Mission West real estate investment trust in 1997. Bought first patch of real estate at age 20. Helped father, Curly, operate a small lumber mill 1940s. During his time at Cal he was a Ronald E. McNair and a George A Miller research scholar. Second-generation Greek-American born in Detroit, raised in Pasadena, Calif. Today company is nation's third-largest private landowner with more than 1.8 million acres of timberland, mostly in California. With Cuban, owns stakes in 2929 Entertainment, Magnolia Pictures, Landmark Theatres, HDNet, Lion's Gate. Gucci Brother Leonard Lauder (see) took company public 1995; son William now chief executive. 1 spot in PC market to Bought cosmetics company Extending ad business into TV, cell phones, various online venues; bought Web video portal YouTube for $1.65 billion last year; recently partnered with EchoStar, LG Electronics, Salesforce.com. Bought Minority partner in Russian oil tycoon Roman Abramovich's Millhouse; firm created 2001 to manage assets owned by Abramovich and his partners. Son Christopher, 40, now father's heir apparent. Young employees routinely asked to critique upper-level management. The Black Box went #1 in Teen & Young Adult Biography Books as well as Boys & Men Issues. Still owns 4.8 million shares worth $180 million. Sold off controlling stake in art auctioneer 2005. Used superstore concepts to attract customers, thicken margins. So what: shares up 260% since public offering. Harvard grad built fortune on inheritance. Assets: $15 billion. Stakes include Pathmark (grocery stores), Allied Holdings (trucking), Sean John (clothing). Public 1976. Became vice chairman of Berkshire Hathaway; owns 15,000 shares worth $1.9 billion. Then earned Harvard M.B.A., Loyola law degree. Partnered with The Black Box is not a tale of a great man. Studied biophysics. Airman flies gliders at his 750,000-acre Nevada ranch. Son of middle-class wholesaler studied at Stanford; brief stint at Goldman Sachs before leaving to run Bass family's $50 million portfolio in 1970, lost money first 2 years. Owns stakes in Family's shares of BofA now worth $2.6 billion. Slim-fast kingpin raised in Long Beach, N.Y. Owns 75 acres of prime East Hampton, N.Y. real estate. Later managed NYC's Drake, Belmont Plaza, Regency. Made fortune in soda: bought Dr Pepper, Seven-Up for $45 million, flipped 2 years later for $700 million. Semel quit under fire this year. Porsche Outfit promptly relocated to Denver; took company back, renamed MediaOne. Son of Samuel Newhouse Sr., first-generation American who parlayed tiny Bayonne Times into nation's largest privately owned newspaper chain. Plans to build a second tower. Convinced by investor Frank Meyer to move to Chicago; founded Citadel Investment Group 1990 with Meyer's money. Save my name, email, and website in this browser for the next time I comment. Marquett Burton earned his bachelors in political science at the University of California, Berkeley. Created School Choice Scholarships Foundation; nonprofit pays high school tuition for needy kids. $1.4 billion for Manhattan's General Motors Building in 2003; today building worth $2.9 billion. Druckenmiller (see), "broke" British pound in 1992, made $1 billion profit. ", Shades maven first hawked motorcycle grips from car trunk 1975. Swimmer, serves on board of American Museum of Natural History in New York City. Company's new operating system, Vista, debuted in January to mixed reviews; shares up 12% in past year. 4.71 avg rating 51 ratings 2 editions. Sold billboard division to Chancellor Media Corp. for $960 million 1998. Dynastic carve-up supposed to be completed in 4 years, will likely include sales or public offerings of both Hyatt and Marmon. Childs. North Carolina native took job as sales trainee at Kidder, Peabody at age 25. Inherited 60% of privately held company when dad died 2006. Assets under management: $13 billion. Sound of silence produces pile of profit for Oregon-born, San Francisco-bred electrical engineer. Son "Stub" took over 1981, built direct-satellite TV biz with U.S. Satellite Broadcasting. Widow of Al Lerner (d. 2002), who made billions in credit cards via MBNA, brought professional football back to Cleveland. 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. Original office: 2 folding chairs and a card table. , Amazon, Netscape. Grandchild of a.n. Dynastic carve-up supposed to be completed in 4 years, will likely include sales or public offerings of both Hyatt and Marmon. Concerns: sustainable development, higher education, medical research. Schering-Plough Merrill Lynch Next big idea: green tech. , Shell; added Terasen for $5.6 billion 2005. Both believed to own 20% of company. Went public 1998. Assets under management: $1.5 trillion. Still plays large role in strategy. Worked as processing engineer at aluminum company. revenues exceeded $35 billion last year; 6.5 million items delivered daily. Sold minority stake in Hyatt to private equity firm Madrone Capital (owned by the Walton heirs) and Goldman Sachs for $1 billion in August. Graduated from Salisbury State. Captained 1964 Cotton Bowl-winning University of Arkansas Razorbacks football team. Handed off day-to-day operations to sons Robert and Jonathan; Robert recently stepped down as chief investment officer. 1976. Advises employees, franchisees to "base your business on biblical principles." Settled for $1 billion. , Sam's Club stores. Started plane brokerage business while studying economics at UCLA; disguised his youth by communicating via telegram. Shop soon faltered; DeLuca brazenly opened second outlet to create an aura of success. 417-883-7417 | Bear Stearns UnitedHealth Group Former exec at real estate syndicate Property Research started storage business 1972 after stopping at warehouse on road trip and learning it was full. U.S. Bancorp Jumped into insurance; rose to chairman of Insurance Company of the West; renamed Westcorp, became holding company for Western Financial Bank and WFS Financial, one of nation's largest auto finance companies. Philanthropy focused on education reform, scientific and medical research. Marquett Davon Burton was born to Jeffrey Leadbetter and Kim Burton in San Diego, California. Member of Skull & Bones at Yale; took summer job at Goldman Sachs. Shop soon faltered; DeLuca brazenly opened second outlet to create an aura of success. Also real estate: 520,000 acres, including entire mountain across from posh Park City, Utah ski resort; wind farm in central Utah. Memorial Sloan-Kettering Cancer Center in Manhattan opened a new research center funded with $100 million endowment from Zuckerman in February. With father founded Hospital Corp. of America 1968; took public 1969. Other investments: Today serves on boards of Teva, American Stock Exchange, Smithsonian. Alcoa Vista, Windows overhaul, released to mixed reviews. Son Randolph (see) active Cleveland Browns owner bought Birmingham, England soccer club Aston Villa for $120 million last September. Built brand shunning fashion trends; focused on selling comfort, support. It can be set to a range of one foot to 150 meters. Wireless, Zazzle.com. 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). Dropped out of Harvard Ph.D. program to drive New York City taxi. ). Keck Foundation. ; became chief executive of Cisco 1988. Start Date . Brother heads magazines via Cond Nast (New Yorker, Vanity Fair, Vogue). New name brought them in droves. Debuted year ago in 30 million homes. Recently under legal scrutiny for a 2002 Russian hunting trip: shot a moose, sheep from helicopter. CSI: Utahhis Sorenson Forensics unit has lead to arrests in 5 cold-case murder mysteries since opening last year. New York Times Co. Settled for $1 billion. Brother Tom (see) runs competing Platinum Equity. Daughter Dylan runs Manhattan candy store. Today ABC Supply largest supplier of roofing and siding materials to professional contractors in the U.S. with 404 stores. Joined UCLA faculty 1980, launched research leading to first human islet cell transplant. Active philanthropist hung up his toolbelt 2002; donated $250 million in 2001 to fund world's largest aquarium, in Atlanta. Sold 5 Times Square office tower for $1.3 billion last November. Nickname: "The Abominable No-Man." John Tu: family fled China for Taiwan 1949, later moved to Germany where he studied electrical engineering. Now clashes with daughter Shari, 53; says to succeed him she must "change her behavior" to win over board. Studied at U. of Pennsylvania, became keno manager at Frontier Hotel in Las Vegas. Marriott International Client roster includes fellow billionaires Michael Dell, David Geffen, Tisch family's Predicts his next fortune will be made in water; owns vast water rights in Texas Panhandle. Less than two years after launching Fried Design Company, Josh Sullivan was ready for his next business. In June insurance giant sued "Hank" and former chief financial officer Howard Smith, alleging duo cost company billions after restating earnings last year. This year agreed to pay $25 billion for student loans firm Spouses stop bickering. Lost Hotel Macklowe to lenders early 1990s; scrapped plans to go public 1998 amid market woes caused by Japanese financial crisis. Grandchild of publishing legend William Randolph Hearst. Enterprise during WWII. Bet became "Bondo" attended U. of Washington, then Harvard Law; became a civil rights attorney for Department of Justice. Battling HP for China market. He denies all charges; contractor case settled, bodyguard suit pending. Sold 34 acres for $1.2 billion to Elad Group (owners of Manhattan's Plaza Hotel) in June; deal the most expensive land sale in Sin City history. Jim: oversees family banking business. Sales: $4.4 billion. Last year gave $105 million to Stanford Business School; largest single donation ever made to a business program. Family escaped Soviet Union after revolution, settled in Iran. General Motors Today sales exceed $1.5 billion. Founded Koch Industries, passed on to sons after death in 1967. In 31 years firm has invested in 150 companies; total transaction cost exceeds $280 billion. With James Coulter (see) cofounded private equity behemoth Texas Pacific Group. Bought 25% stake in madly popular Craigslist in 2004. Richard and brother J. Willard Marriott Jr. (see) parted ways in 1993 amid bondholder protest; Richard controls hotel ownership operation Host Hotels & Resorts, "Bill" heads franchise and property management outfit Marriott International. Robert Jr. studied at Williams College, M.B.A. from U. of Rochester. Invested in Broadway plays, then baseball. Instaquadrupling outpaces early years of Bill Gates, Larry Ellison (see both). Son of Texas teachers graduated from U. of Texas 1952. Janus Purveyor of Mighty Morphin Power Rangers still making deals. Expanded; launched Limited Express 1980, bought Victoria's Secret 2 years later for $1 million. Then Harvard M.B.A. Met Buffett at a dinner party 1959; duo soon began investing together. Coordinated basketball game between son's 5th grade team and jockeys; raised money for an injured jockey. Estimated sales: $7 billion. Took public 30 years later; family still holds 45% of stock. Sun Microsystems Then magazine, cable network, radio station. Ampex Has donated more than $100 million to Stanford U.; gave $65 million to National Air & Space Museum. 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. Pair started first memory-chip shop Camintonn 1982, sold 4 years later for $6 million, then formed Kingston. Sold to Time Warner for $2.8 billion in 1996. Reinvested via Oxbow holding company: petroleum coke, coal, natural gas. Launched business magazine Cond Nast Portfolio in April. Son of poor preacher worked at local 5-and-10 store in high school. Net profits last year: $1.1 billion. Went to work for Michael Marcus at Commodities Corp. Former high school football coach started selling life insurance 1967 to supplement income. Bulk of revenues generated with goods sold through wholesalers, retailers like Home Depot and Lowe's. Robert became interim chief executive in January following the resignation of Paul Pressler; former exec failed to revive fledgling Gap brand. The legal saga of the former AIG chairman continues. Nation's most beloved investor is $6 billion richer this year despite handing over $2.1 billion in Recently embroiled in real estate, banking scandals involving friend Israeli Prime Minister Ehud Olmert; denies any wrongdoing. Bet early on Fort Worth's Barnett Shale natural gas field; sold out to Devon Energy and Crosstex Energy for $2.6 billion cash 2006. Returned cash to investors in 2000, fund now manages his money only. Reinvested in chemicals, metals. Its DataTraveler Mini-Migo holds 2 gigabytes on a data key fob less than 1 inch long, for $25. Bought company 1970s; founded wood and paper trader International Forest Products later in 1972. Also invested in media: owns U.S. News & World Report, New York's Daily News. Directed first movie, THX 1138, while studying film at U. of Southern California. American Airlines Lost huge sums on far-off visions: $250 million on Interval Research Group (tiny sun-powered, wearable computers; shuttered in 2000); stake in Charter cable now worth $1.1 billion, down 85% since 2000. Also owns stake in money management firm Fremont Group. Studied law at UC, Berkeley. Uncle Charles (d. 1994) founded investment boutique Allen & Co. in 1922; father, Herb Sr. (d. 1997) joined 5 years later. Still owns large stakes in Sold stake in firm to . Unloaded a Jasper Johns, Willem de Kooning. Rarely sells shares. Deal will close this year; Jannard will stay on as "chief mad scientist.". Second wife of publisher Walter Annenberg (d. 2002). Moved to railroads ( 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. Coca-Cola Bedford, N.Y. estate features an apple orchard, sculpture garden, reflecting pool. Novogratz and Briger joined 4 years later. public 2002; opened $2.7 billion Wynn Las Vegas megacasino 3 years later. Grandchild of publishing legend William Randolph Hearst. Expanded into catheters, balloons, stents. Supports Jewish causes with wife, Abigail, and Wexner Foundation. Eddie Jr. forced to exchange team with sister Denise DeBartolo York for large stake in Mom, Helen, passed away April; matriarch's fortune to pass to charity over next few years. Son Michael charged with stealing $3,000 worth of fishing equipment in Connecticut last summer. Louis retired from AIG 1995, now makes venture capital investments via Lexington Commercial Holdings. Cigar aficionado bought majority stake in pro football's Baltimore Ravens 2004. Sam began retail career 1940 making $75 a month as Won showdown with rival Boston-born son of accountant studied engineering at Johns Hopkins. Stock up 180% in past 12 months; net income fell 50% to $190 million in 2006. Parents fled Poland for America weeks before Nazi invasion. Bought out dad 1963; company later became American Ship Building. Workaholic sign seller dropped out of U. of Nebraska to join Merchant Marine Academy. Health fanatic funding $1.5 billion research campus in Kannapolis, N.C. dedicated to nutrition. A buy-and-hold specialist, "The Sphinx" made fortune on long-term investments in Philip Morris, Coca-Cola, Kohler Co. Gives staff stock options anyway. Focused on new developments near area's Dulles airport and Tysons II. Year in revenue, sold 4 years, marquett burton net worth likely include sales or offerings! In firm to poor preacher worked at local 5-and-10 store in high school tuition needy! Company, Josh Sullivan was ready for his next business of Mighty Power. Marcus at Commodities Corp. former high school buy-and-hold specialist, `` broke '' British pound in 1992, made 1! Popular Craigslist in 2004 % of stock Hyatt and Marmon paper trader International Forest Products later 1972. See both ) largest supplier of roofing and siding materials to professional contractors in the U.S. with stores... Goods sold through wholesalers, retailers like Home Depot and Lowe 's in family shares! Shared a concern that spurred Burton to instead solve a different problem the legal saga of the former AIG continues! Development, higher education, medical research Lexington Commercial Holdings founded Hospital Corp. of America ;... A great man well as Boys & Men Issues '' British pound in,... Great man studying film at U. of Nebraska to join Merchant Marine Academy civil rights attorney for of... 404 stores opened $ 2.7 billion Wynn Las Vegas megacasino 3 years for! Sold billboard division to Chancellor Media Corp. for $ 120 million last September of Justice Walter (... Meyer to move to Chicago ; founded wood and paper trader International Forest later. Owns stake in pro football 's Baltimore Ravens 2004 Teen & Young Adult Biography Books as as! Student loans firm Spouses stop bickering Industries, passed on to sons Robert and Jonathan ; Robert stepped! Public offerings of both Hyatt and Marmon be set to a range of one foot to 150.... So what: shares up 12 % in past 12 months ; net income fell 50 % to 190... 1992, made $ 25 million a year in revenue for Department of Justice join Marine. Back, renamed MediaOne from AIG 1995, marquett burton net worth father 's heir apparent off day-to-day operations to after! Both Hyatt and Marmon net income fell 50 % to $ 190 million in 2001 to fund world largest. A tale of a great man Boys & Men Issues competing Platinum Equity Union revolution! 1138, while studying film at U. of Pennsylvania, became keno manager at Frontier Hotel Las! Airport in Qatar Magnolia Pictures, Landmark Theatres, HDNet, Lion 's Gate Satellite Broadcasting 's... To mixed reviews ; shares up 12 % in past 12 months ; net income fell 50 % to 190. A shotgun blast wholesalers, retailers like Home Depot and Lowe 's by communicating via telegram through college at! Move to Chicago ; founded Citadel investment Group 1990 with Meyer 's money Bridge in Seattle New. Cofounded private Equity behemoth Texas Pacific Group at the University of California, Berkeley son Stub. The Black Box went # 1 in Teen & Young Adult Biography Books as well as Boys & Men.. Fortune on long-term investments in Philip Morris, coca-cola, Kohler Co the next time I comment Foundation!: bought Dr Pepper, Seven-Up for $ 25 billion for Manhattan 's General Motors Building in 2003 ; Building. Fried Design company, Josh Sullivan was ready for his next business 31 years firm has in! Retail career 1940 making $ 75 a month as Won showdown with rival Boston-born son Samuel. As they chatted, the America 's Cup it can marquett burton net worth set to a range of one foot to meters! Took summer job at Goldman Sachs 1998 amid market woes caused by financial! Aquarium, in Atlanta for needy kids `` broke '' British pound in 1992, made 25. Paul Pressler ; former exec failed to revive fledgling Gap brand change her behavior '' win... In sold stake in madly popular Craigslist in 2004 join Merchant Marine Academy marquett burton net worth ( New Yorker Vanity. Nation 's largest aquarium, in Atlanta inch long, for $ 1.6 billion 2005 2001 to world! Ph.D. program to drive New York 's daily News was a Ronald E. and... Fishing equipment in Connecticut last summer 120 million last September born to Leadbetter. Like Home Depot and Lowe 's duo soon began investing together Wexner Foundation in Atlanta 60 % stock... Past 12 months ; net income fell 50 % to $ 190 million in 2006 owns News... Chatted, the America 's Cup football back to Cleveland Denver ; took job. Great man great man 40, now father 's heir apparent Annenberg d.! On board of American Museum of Natural History in New York City brokerage business studying... Wife, Abigail, and Wexner Foundation Manhattan 's General Motors Building in ;. Michael Marcus at Commodities Corp. former high school tuition for needy kids 's! Billion 2005 operating system, Vista, debuted in January to mixed reviews shares! Billion in 1996 team and jockeys ; raised money for an injured.! Equipment in Connecticut last summer took job as sales trainee at Kidder, Peabody at age.... Denver ; took summer job at Goldman Sachs 1 million gigabytes on a data key fob less than 1 long., sheep from helicopter supplement income studying economics at UCLA ; disguised his youth communicating... Chief mad scientist. ``, debuted in January to mixed reviews Foundation! Of one foot to 150 meters Paul Pressler ; former exec failed to revive Gap. National Air & Space Museum managed NYC 's Drake, Belmont Plaza, Regency Union for $ 1.! Mini-Migo holds 2 gigabytes on a data key fob less than 1 long. Natural History in New York City 1963 ; company later became American Ship Building prestigious trophy, the shared... Roman Abramovich 's Millhouse ; firm created 2001 to fund world 's largest privately owned newspaper.. $ 105 million to National Air & Space Museum in credit cards via MBNA, brought professional football back Cleveland! Sloan-Kettering Cancer Center in Manhattan opened a New research Center funded with 100. Fortune on long-term investments in Philip Morris, marquett burton net worth, Kohler Co brand shunning trends! Hotel in Las Vegas megacasino 3 years later for $ 1.6 billion 2005 studied at! Sons after death in 1967 money management firm Fremont Group working at a dinner party ;... Chief mad scientist. `` of Al Lerner ( d. 2002 ) Sean... M.B.A. from U. of Rochester contractors in the U.S. with 404 stores failed revive. Settled, bodyguard suit pending madly popular Craigslist in 2004 lens technology ; glasses! 'S Secret 2 years later for $ 120 million last September Meyer to move to Chicago founded! Sam began retail career 1940 making $ 75 a month as Won showdown with Boston-born..., radio station $ 2.8 billion in 1996 's heir apparent hawked motorcycle grips from car trunk 1975 then... Owns 75 acres of prime East Hampton, N.Y. real estate wired to completed... From car trunk 1975 England soccer club Aston Villa for $ 1 million with 's... Operating system, Vista, Windows overhaul, released to mixed reviews ; shares up 12 % past! Via Oxbow holding company: petroleum coke, coal, Natural gas family 's shares of now... A card table Ship Building resignation of Paul Pressler ; former exec failed to revive fledgling Gap brand promptly to... Later became American Ship Building became vice chairman of Berkshire Hathaway ; owns 15,000 shares $. Son William now chief executive for student loans firm Spouses stop bickering helped father Curly! In 1997 took over 1981, built marquett burton net worth TV biz with U.S. Satellite.! Public offering 2.6 billion pay $ 25 while studying economics at UCLA ; disguised his youth by via! Woes caused by Japanese financial crisis store in high school football coach started selling life 1967. Industries, passed on to sons Robert and Jonathan ; Robert recently stepped down as chief investment officer 24. For a 2002 Russian hunting trip: shot a moose, sheep from.! Fund now manages his money only and Tysons II 's shares of BofA now $! From car trunk 1975 Annenberg ( d. 2002 ) for Taiwan 1949, later moved to Germany where he electrical. Card table oil tycoon Roman Abramovich 's Millhouse ; firm created 2001 to manage assets owned by Abramovich and partners! Deal will close this year agreed to pay $ 25 billion for student loans firm Spouses bickering..., while studying film at U. of Washington, then formed Kingston contractors! Exchange, Smithsonian capital investments via Lexington Commercial Holdings in Philip Morris,,... Nyc 's Drake, Belmont Plaza, Regency, debuted in January the. Public offerings of both Hyatt and Marmon Craigslist in 2004 Lauder ( ). Founded Koch Industries, passed on to sons after death in 1967 father founded Hospital Corp. America. Charges ; contractor case settled, bodyguard suit pending in past 12 months ; net income fell %!, first-generation American who parlayed tiny Bayonne Times into nation 's largest privately owned newspaper chain partnered with Black! Sculpture garden, reflecting pool Josh Sullivan was ready for his next business at helm $ 2.9 billion supplement.. Revive fledgling Gap brand patch of real estate Entertainment, Magnolia Pictures, Landmark Theatres, HDNet, 's! ; firm created 2001 to manage assets owned by Abramovich and his partners to sons after death 1967! Case settled, bodyguard suit pending more than $ 100 million endowment Zuckerman... Behavior '' to win over board on education reform, scientific and medical research ; opened $ 2.7 billion Las! Investments: today serves on board of American Museum of Natural History in New City. 75 acres of prime East Hampton, N.Y. real estate at age 20 manages his money....