Page 11 - Forbes Magazine-October 31, 2018

FORBES THE LIST

17. MICHAEL DELL plane, the largest aircraft ever built, is 25. RAY DALIO 26. RUPERT MURDOCH
designed to launch rockets while the
$27.6 BILLION S SELF-MADE SCORE: * plane is in flight. $18.1 BILLION S SELF-MADE SCORE: * & FAMILY
SOURCE: DELL COMPUTERS SOURCE: HEDGE FUNDS
AGE: 53 RESIDENCE: AUSTIN, TX AGE: 69 RESIDENCE: GREENWICH, CT $18 BILLION S SELF-MADE SCORE: &
22. THOMAS PETERFFY SOURCE: NEWSPAPERS, TV NETWORK
PHILANTHROPY SCORE: PHILANTHROPY SCORE: AGE: 87 RESIDENCE: NEW YORK CITY
Dell’s namesake hardware and storage $20.2 BILLION S SELF-MADE SCORE: ) The founder of the world’s biggest PHILANTHROPY SCORE:
giant continues to swell in size, helped SOURCE: DISCOUNT BROKERAGE hedge fund firm is trying to make One of the world’s most powerful
along by his knack for financial engi- AGE: 74 RESIDENCE: PALM BEACH, FL sure his Bridgewater Associates and its media moguls agreed to part with a
neering. Two years ago, Dell Technol- PHILANTHROPY SCORE: N.A. $160 billion in assets under manage- chunk of his empire this year. Dis-
ogies executed one of the largest tech- The Hungarian-born digital trading ment outlive him. In June, Dalio an- ney is buying the majority of 21st
nology deals in history, merging with pioneer is more than $5 billion richer nounced he was turning Bridgewa- Century Fox’s assets, including
publicly traded EMC. In July the com- than a year ago; his Interactive Brokers ter into a partnership to allow top em- its movie studio, FX and Nation-
bined Dell Technologies announced has benefitted from increased trading ployees to gain stakes in the firm and al Geographic channels, and a stake
that it will seek to return to public amid a volatile stock market. His firm have a say in how it’s run. He launched in international media business-
markets. Dell holds nearly half of his provides a specialized, low-cost trad- Bridgewater from his New York City es Sky TV and Star India for $71.3
fortune in his investment firm MSD ing platform for sophisticated inves- apartment in 1975 after earning an billion in cash and stock. Mur-
Capital. Through his foundation he tors that offers millions of different M.B.A. from Harvard. Dalio pub- doch will keep Fox News, Fox Busi-
has committed more than $1.5 billion equities, bonds, options and futures. lished a new book in September; the ness Network, Fox Broadcast Net-
to charities. Its big push is helping chil- simply named Big Debt Crises focus- work, certain local stations and the
dren living in urban poverty. es on investing in tumultuous times.
23. JAMES SIMONS He has given nearly $770 million to FS1 sports network. Murdoch’s son
Lachlan will lead the new Fox; the
18. JACQUELINE MARS $20 BILLION S SELF-MADE SCORE: * his foundation, which has backed ef- next role for his son James, current-
SOURCE: HEDGE FUNDS
forts to protect the world’s oceans and
AGE: 80 ly CEO, hasn’t been announced.
$24 BILLION T SELF-MADE SCORE: @ funded medical institutions.
SOURCE: CANDY, PET FOOD RESIDENCE: EAST SETAUKET, NY
AGE: 79 RESIDENCE: THE PLAINS, VA PHILANTHROPY SCORE: 27. LEN BLAVATNIK
PHILANTHROPY SCORE: Simons’ Renaissance Technologies
keeps raising huge sums of mon- $17.9 BILLION T SELF-MADE SCORE: (
SOURCE: DIVERSIFIED
18. JOHN MARS ey: The quantitative-trading hedge AGE: 61 RESIDENCE: LONDON
fund firm now manages $57 bil-
$24 BILLION T SELF-MADE SCORE: @ lion. But clients piling into Renais- PHILANTHROPY SCORE:
SOURCE: CANDY, PET FOOD sance are unable to get into its leg- Blavatnik, a U.S. citizen, was not
AGE: 83 RESIDENCE: JACKSON, WY among the 7 Russian oligarchs sanc-
endary $10 billion Medallion fund,
PHILANTHROPY SCORE: which only trades capital belonging tioned by the Trump administration
More than a century ago, their grand- to Simons and Renaissance employ- in April, but 2 of his partners, Viktor
father Frank started selling butter- ees and owners. Simons, who found- Vekselberg and Oleg Deripaska, were.
cream candy from his kitchen in Ta- ed Renaissance in 1982, officially re- The 3 are investors in UC Rusal, one
coma, Washington. Today Mars is the tired from daily operations 9 years of the world’s largest aluminum pro-
world’s largest candy maker, and this ago but remains its chairman and ducers; its stock has fallen almost 60%
brother-and-sister duo own an esti- benefits from its funds. He has given since the sanctions. Blavatnik immi-
mated two thirds of the $35 billion away more than $2 billion to charity. grated to the U.S. in 1978 to get a com-
(sales) behemoth. Mars makes sweets His foundation is the primary funder puter science degree at Columbia. He
like M&Ms and Milky Way bars plus of Math for America’s $225 million- 20. LAURENE made billions in 2013 selling his stake
staples like Uncle Ben’s Rice and pet plus fellowship program for public in Russian oil company TNK-BP. His
food brands Pedigree and Sheba. Both school math and science teachers. POWELL JOBS largest assets today include Warner
siblings have retired from active roles $20.5 BILLION S SELF-MADE SCORE: ! Music and an 18% stake in chemi-
at the company. Jacqueline’s son Ste- SOURCE: APPLE, DISNEY cals giant LyondellBasell. Through his
phen Badger is chairman of the board. 24. ELON MUSK AGE: 54 RESIDENCE: PALO ALTO, CA foundation, he says he has given $500
Intensely private, they don’t comment $19.6 BILLION T SELF-MADE SCORE: * PHILANTHROPY SCORE: million to charity. Among his gifts in
on their charitable giving. SOURCE: TESLA, ROCKETS Steve Jobs’ widow is backing a mov- 2018: $10 million to Columbia and
AGE: 47 RESIDENCE: LOS ANGELES ie studio, Concordia Studio, to create $10 million pledged to Stanford.
PHILANTHROPY SCORE: documentaries with Oscar-winning
21. PAUL ALLEN It’s been a year of bad headlines for filmmaker Davis Guggenheim (An In- 28. ABIGAIL JOHNSON
$20.3 BILLION T SELF-MADE SCORE: * Musk, many of them self-induced. convenient Truth, Waiting for “Super-
SOURCE: MICROSOFT, INVESTMENTS This summer alone, he sent a cryp- man”) through her philanthropic, in- $17.3 BILLION S SELF-MADE SCORE: #
AGE: 65 SOURCE: MONEY MANAGEMENT
RESIDENCE: MERCER ISLAND, WA tic tweet that he might take private vestment and advocacy entity Emer- AGE: 56 RESIDENCE: MILTON, MA
his electric carmaker Tesla, which son Collective. Powell Jobs was an ex-
PHILANTHROPY SCORE: PHILANTHROPY SCORE:
reportedly triggered an SEC inves- ecutive producer of Concordia’s The
The Microsoft cofounder spends his tigation; appeared to smoke mari- Price of Free, a film about child slavery Abigail, the granddaughter of Fidel-
time on his sports empire—which in- juana (now legal in California) on and human trafficking that won an ity Investments founder Edward C.
cludes the Portland Trail Blazers and a podcast; and called a British cave award at the Sundance festival in Janu- Johnson II, is CEO and chair of the
Seattle Seahawks—and philanthro- explorer helping rescue Thai chil- ary. She met Apple’s famous cofound- Boston-based mutual fund giant. With
py. To date, Allen, who left Micro- dren a “child rapist.” The rescuer de- er while she was an M.B.A. student almost $2.5 trillion in managed assets,
soft after just 8 years when he was di- nied the allegations and sued Musk at Stanford. In 2016 she launched the it trails only Vanguard. Since Johnson
agnosed with Hodgkin’s disease, has for defamation. The year started on Emerson Collective Foundation with became CEO in 2014, the firm has
given more than $2.5 billion to char- much firmer ground. In March, Tes- a gift of $1.2 billion, much of it in Dis- moved further into the funds that
ity. His eclectic causes include pre- la announced a 10-year compensa- ney shares, which her late husband got investors are demanding, a departure
serving endangered wildlife, under- tion agreement for Musk tied to per- when he sold Pixar to the entertain- from its stock-picking roots. She be-
BRIGITTE LACOMBE
standing the human brain and sup- formance that could yield him more ment giant. gan working for Fidelity in college and
porting art festivals. His Stratolaunch than $50 billion. owns roughly a quarter of the firm.

134 | FORBES OCTOBER 31, 2018 WEALTH INHERITED VS. SELF-MADE CHANGE IN WEALTH KEY: S UP T DOWN SIGNATORY OF THE PHILANTHROPY RATING
! @ # $ % ^ & * ( ) WX UNCHANGED Ì NEW TO LIST 3 RETURNEE GIVING PLEDGE