Page 15 - Forbes Magazine-October 31, 2018

FORBES THE LIST

65. STEPHEN ROSS purchased the Los Angeles Times, San 73. DAVID GREEN come Love’s Travel Stops & Coun-
Diego Tribune and other regional pa-
try Stores in 1964 when they leased
$7.6 BILLION S SELF-MADE SCORE: * pers from publisher Tronc for $500 $7 BILLION S SELF-MADE SCORE: ) an abandoned filling station in Wa-
SOURCE: REAL ESTATE million in June. He founded 2 drug SOURCE: RETAIL tonga, Oklahoma. Today the com-
AGE: 78 RESIDENCE: NEW YORK CITY AGE: 76 RESIDENCE: OKLAHOMA CITY
companies, Abraxis and American pany has more than 470 locations in
PHILANTHROPY SCORE: Pharmaceutical Partners, and sold PHILANTHROPY SCORE: 41 states.
Ross has given $378 million to the them for a combined $9.1 billion by Green started his first crafts shop in
University of Michigan, supporting 2010. Shares of his biotech companies 1970 with a $600 loan. Today the fam-
his alma mater’s business school, NantKwest and Nanthealth have fall- ily-owned Hobby Lobby has more 75. JERRY JONES
athletic program and student-run en more than 90% since their IPOs in than $4.6 billion in sales and 800-plus $6.9 BILLION S SELF-MADE SCORE: *
investment fund. His Related Com- 2015 and 2016, respectively. stores. While many brick-and-mor- SOURCE: DALLAS COWBOYS
panies is behind Hudson Yards, tar businesses are floundering, Hobby AGE: 76 RESIDENCE: DALLAS
America’s largest private real estate Lobby will have opened 52 new stores PHILANTHROPY SCORE:
development, which is being built 70. CHRISTY WALTON by year’s end. In May, Hobby Lobby The Dallas Cowboys owner made
over 28 acres of rail yards on Man- $7.2 BILLION S SELF-MADE SCORE: ! returned several thousand illegally ob- a lucrative deal with Comstock
hattan’s West Side. Of the 8 build- SOURCE: WALMART tained Iraqi artifacts, which were un- Resources in the off-season. He
AGE: 69 RESIDENCE: JACKSON, WY
ings planned for the development’s der consideration for inclusion in the rolled 2 of his oil and gas compa-
first phase, 5 are scheduled to open PHILANTHROPY SCORE: Museum of the Bible. Green, a devout nies, Arkoma Drilling and Wil-
this year or in 2019. Her late husband, John, son of Christian, and his family spent $500 lison Drilling, into the public-
Walmart founder Sam Walton, died in million on the new D.C. museum. ly traded Comstock in exchange
67. JOHN MALONE a plane crash in 2005. He left most of for nearly 89 million newly is-
sued shares. The deal sent Com-
his stake in the company to their son,
$7.5 BILLION T SELF-MADE SCORE: * Lukas (No. 32). 73. TOM & JUDY LOVE stock’s shares skyrocketing, valu-
SOURCE: CABLE TELEVISION $7 BILLION S SELF-MADE SCORE: ( ing Jones’ stake at nearly $700
AGE: 77 RESIDENCE: ELIZABETH, CO SOURCE: RETAIL & GAS STATIONS million. His Cowboys remain the
PHILANTHROPY SCORE: 71. DANIEL GILBERT AGE: 81 RESIDENCE: OKLAHOMA CITY most valuable team in the world,
The Cable Cowboy is going mobile: $7.1 BILLION S SELF-MADE SCORE: * PHILANTHROPY SCORE: at $5 billion, despite issues sur-
His Liberty Global, a TV and broad- SOURCE: QUICKEN LOANS The Loves started what would be- rounding the NFL.
AGE: 56 RESIDENCE: FRANKLIN, MI
band provider with more than 20 mil-
lion customers, is backing NewTV, PHILANTHROPY SCORE:
founded by former DreamWorks ex- After spending $2.5 billion since 76. LEON BLACK
ecutive Jeffrey Katzenberg. The start- 2011 to buy and renovate downtown $6.8 BILLION S SELF-MADE SCORE: *
up, whose CEO is Meg Whitman (No. Detroit office buildings, Gilbert’s SOURCE: PRIVATE EQUITY
239), aims to provide short, original Bedrock has plans to erect 2 new sky- AGE: 67 RESIDENCE: NEW YORK CITY
programming geared toward smart- scrapers and a 900-unit, mixed-in- PHILANTHROPY SCORE:
phones. Malone, who rose to promi- come residential development on The Apollo Global cofounder, who
nence as CEO of TCI in the 1970s, an- the site of a former public housing cut his teeth under junk bond king
nounced in July that he’s retiring from complex. In all, Gilbert has commit- Mike Milken (No. 207), helped
Lions Gate and Charter Communi- ted more than $5.6 billion to real es- start the Melanoma Research Alli-
cations’ boards. He still chairs several tate projects in Detroit and Cleve- ance after his wife, Debra, was di-
companies, including Liberty Media, land. His fortune comes from Quick- agnosed with the disease in 2007.
which owns MLB’s Atlanta Braves and en Loans, the nation’s largest online The alliance has committed $100
Formula One racing. mortgage lender, which he started in million toward research since. The
1985 with $5,000 saved from selling Dartmouth alum has also been a
68. HANK & DOUG pizzas in college. His Cleveland Cav- generous donor to his alma ma-
ter, including a $48 million gift in
aliers NBA franchise will have to re-
MEIJER build after losing star LeBron James 2012 for a visual arts center.
to the L.A. Lakers over the summer.
$7.3 BILLION S SELF-MADE SCORE: #
SOURCE: SUPERMARKETS 78. ELI BROAD
AGES: 66, 64 76. DIANE
RESIDENCE: GRAND RAPIDS, MI 71. RALPH LAUREN $6.7 BILLION T SELF-MADE SCORE: ( HENDRICKS
SOURCE: INVESTMENTS
PHILANTHROPY SCORE: $7.1 BILLION S SELF-MADE SCORE: ( AGE: 85 RESIDENCE: LOS ANGELES
SOURCE: RALPH LAUREN $6.8 BILLION S SELF-MADE SCORE: (
The brothers own Michigan-based SOURCE: ROOFING
AGE: 79 RESIDENCE: NEW YORK CITY PHILANTHROPY SCORE:
grocery chain Meijer. Founded by AGE: 71 RESIDENCE: AFTON, WI
PHILANTHROPY SCORE: After making his fortune in home
their father and grandfather in 1934, it PHILANTHROPY SCORE:
has over 220 stores in 6 states and an After a rough couple of years, his building and insurance, Broad devot- After making the biggest acqui-
estimated $17.4 billion in sales. It pio- clothing business is doing a bit bet- ed himself to philanthropy nearly 2 sition in ABC Supply’s history—
neered one-stop shopping in the 1960s ter. Its profits rose 3% to $3.8 billion in decades ago. He and his wife Edythe’s buying interior building products
with Thrifty Acres, where customers 2017. The company, which launched 2 foundations, which have $3 billion distributor L&W Supply for $670
could shop for groceries and every- its first full collection in 1968, celebrat- in assets, support medical research, million in late 2016—Hendricks
thing else under one roof. ed its 50th anniversary with a party education and Los Angeles civic proj- is still keen on expanding. In 2018
and fashion show in Central Park dur- ects. They gave $340 million to fund L&W Supply acquired NexGen
ing New York Fashion Week in Sep- the contemporary art museum the
68. PATRICK tember, with guests including Hillary Broad, which opened in 2015 and ex- and Wright Brothers, 2 distribu-
SOON-SHIONG Clinton, Oprah Winfrey (No. 298) hibits works from their collection, tors that sell building materials.
Hendricks cofounded the parent
and Steven Spielberg (No. 207). While with free admission. Last year Broad
$7.3 BILLION T SELF-MADE SCORE: ( he’s quiet about most of his charitable stepped down as chairman of the Eli company, a wholesale roofing dis-
SOURCE: PHARMACEUTICALS & Edythe Broad Foundation, though tributor, in 1982. Her foundation
AGE: 66 RESIDENCE: LOS ANGELES giving, the man who made American donated $3 million to build a new
fashion cool once donated $10 million he remains a trustee and on the board
PHILANTHROPY SCORE: of the museum bearing his name. heart hospital in Beloit, Wiscon-
to help restore the original Star-Span-
Biotech entrepreneur Soon-Shiong sin, which opened last June.
gled Banner. MARTIN SCHOELLER
140 | 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