Page 117 - Forbes Magazine-October 31, 2018

LeaderBoard

THE FORBES 4OO DROP-OFFS
STANLEY HUBBARD $2 BIL
DOWN, OUT OR DECEASED BRUCE KARSH $2 BIL
THOMAS LEE $2 BIL
SEVENTEEN BILLIONAIRES dropped from the ranks of The Forbes 400 JEFFREY LORBERBAUM $2 BIL
this past year, with divorce, a sandwich slump and philanthropy putting a dent
HOWARD MARKS $2 BIL
in three prominent fortunes. Many others simply failed to keep up, falling
DAVID MURDOCK $2 BIL
somewhere south of this year’s $2.1 billion cutoff for inclusion.
JULIO MARIO SANTO DOMINGO $2 BIL
SUBPAR JOHN TYSON $2 BIL
Subway, the sand-
CHRISTOPHER CLINE $1.9 BIL
wich chain cofound-
BILL HASLAM $1.8 BIL
ed by Peter Buck, is
going through tough REID HOFFMAN $1.8 BIL
times. Sales have slid KIEU HOANG $1.6 BIL
for several years, and PETER BUCK $1.5 BIL
in 2017 the company
DO WON & JIN SOOK CHANG $1.5 BIL 1
closed nearly 900
BILL GROSS $1.5 BIL
stores (net) across BROKEN BOND
ANDREW & PEGGY CHERNG $1.4 BIL 1
the U.S. In May it The marriage of ex-Pimco investing baron Bill
tapped its first CEO Gross ended with a nasty asset tussle after his RISHI SHAH $900 MIL
from outside its wife, Sue, filed for divorce in 2016, citing
founding families. irreconcilable differences. She ultimately IN MEMORIAM
Subway’s woes, plus walked away with over $1 billion, including a
some charitable giv- $36 million house in Laguna Beach, Califor-
ing, sent Buck’s net nia, half of the couple’s $56 million art
worth down 35% over collection and two of their three cats. That’s a
the past 12 months. lot of scratch.
DEVOS
GIVING, GIVING, GONE TOM BENSON
(Age 90, died March 15)
Turns out Reid Hoffman, cofounder
NEW ORLEANS SAINTS $2.8 BIL
of LinkedIn (he sold it to Microsoft
in 2016), doles out donations the RICHARD DEVOS
(Age 92, September 6)
way his former business sprays
AMWAY $5.4 BIL
emails. Forbes learned that he has
BRUCE HALLE
quietly given away $1.5 billion in
(Age 87, January 4)
recent years, leaving him with just TIRES $4.6 BIL
$1.8 billion. Hoffman signed the
H. WAYNE HUIZENGA
Giving Pledge this year, publicly
(Age 80, March 22)
vowing to part with more than half INVESTMENTS $2.8 BIL
his lifetime wealth. He’s getting close.
GEORGE LINDEMANN
(Age 82, June 21)
INVESTMENTS $3.3 BIL
PETER PETERSON
(Age 91, March 20)
INVESTMENTS $2 BIL
IMOGENE POWERS JOHNSON
(Age 87, March 3)
CLEANING PRODUCTS $3.8 BIL JASON HENRY/NYT/REDUX; PATRICK T. FALLON/BLOOMBERG; FERNANDO MEDINA/NBAE/GETTY IMAGES
LEANDRO RIZZUTO
(Age 79, December 3, 2017)
CONSUMER PRODUCTS $3.5 BIL
CLEMMIE SPANGLER
(Age 86, July 22)
INVESTMENTS $4 BIL
JOAN TISCH
(Age 90, November 2, 2017) BY LAUREN GENSLER
INSURANCE, SPORTS $4 BIL
1 Net worth of each spouse.
In Memoriam net worths as of the 2017 Forbes 400.
30 | FORBES OCTOBER 31, 2018