Page 17 - Forbes Magazine-October 31, 2018

FORBES
THE LIST
88. JAMES CHAMBERS 98. RICHARD LEFRAK hailing firm Uber in June 2017, he
bounced back with a new job and a
$6.2 BILLION T SELF-MADE SCORE: ! $6 BILLION T SELF-MADE SCORE: % new venture fund. Kalanick, who was
SOURCE: MEDIA, AUTOMOTIVE SOURCE: REAL ESTATE known for holding on to all his Uber
AGE: 61 RESIDENCE: PALISADES, NY AGE: 73 RESIDENCE: NEW YORK CITY
shares, unloaded nearly a third of his
PHILANTHROPY SCORE: N.A. PHILANTHROPY SCORE: 10% stake when Japanese firm Soft-
LeFrak is one of the New York ar- Bank bought 15% of Uber’s shares
88. KATHARINE RAYNER ea’s largest real estate developers, with in early 2018. Kalanick launched a
massive projects like LeFrak City— new venture fund, 10100, in March
$6.2 BILLION T SELF-MADE SCORE: ! the 20-building apartment complex and later announced it was invest-
SOURCE: MEDIA, AUTOMOTIVE
AGE: 73 in Queens—and Newport, a 300- ing $150 million in City Storage Sys-
RESIDENCE: EAST HAMPTON, NY acre mixed-use development in Jer- tems, which is redeveloping dis-
sey City. His biggest bet now is SoLé tressed real estate; Kalanick also took
PHILANTHROPY SCORE: N.A.
Mia in North Miami. The 184-acre over as CEO.
project is set to benefit from the Op-
88. MARGARETTA portunity Zones program, a new tax
TAYLOR break for investments into struggling 104. REINHOLD
areas, created by pal Donald Trump’s SCHMIEDING
$6.2 BILLION T SELF-MADE SCORE: ! 2017 tax cuts.
SOURCE: MEDIA, AUTOMOTIVE $5.9 BILLION S SELF-MADE SCORE: *
AGE: 76 SOURCE: MEDICAL DEVICES
RESIDENCE: SOUTHAMPTON, NY AGE: 63 RESIDENCE: NAPLES, FL
98. MARIJKE MARS
PHILANTHROPY SCORE: N.A. PHILANTHROPY SCORE: N.A.
$6 BILLION T SELF-MADE SCORE: @ Schmieding’s father (a dentist)
Together these 3 siblings own 50% SOURCE: CANDY, PET FOOD
of Cox Enterprises, the media and AGE: 54 wanted him to become a doctor. In-
automotive conglomerate found- PHILANTHROPY SCORE: N.A. stead he founded Arthrex, a mak-
ed by their grandfather James M. er of orthopedic surgical tools that
Cox in 1898. They inherited their has developed over 12,500 orthope-
stake from their mother, Anne Cox 98. PAMELA MARS dic products used in shoulder, hip
Chambers, who is still alive at age $6 BILLION T SELF-MADE SCORE: @ and other joint operations. He start-
98. Taylor’s son Alex took over as SOURCE: CANDY, PET FOOD ed his business in Germany before
president and CEO in January 2018. AGE: 58 returning to the U.S.
PHILANTHROPY SCORE: N.A.
88. STEVEN RALES 107. HENRY KRAVIS
98. VALERIE MARS 88. JOHN PAULSON
$6.2 BILLION S SELF-MADE SCORE: & $5.8 BILLION S SELF-MADE SCORE: *
SOURCE: MANUFACTURING $6 BILLION T SELF-MADE SCORE: @ $6.2 BILLION T SELF-MADE SCORE: ( SOURCE: PRIVATE EQUITY
AGE: 67 SOURCE: CANDY, PET FOOD SOURCE: HEDGE FUNDS AGE: 74 RESIDENCE: NEW YORK CITY
RESIDENCE: SANTA BARBARA, CA AGE: 59 RESIDENCE: NEW YORK CITY AGE: 62 RESIDENCE: NEW YORK CITY PHILANTHROPY SCORE:
PHILANTHROPY SCORE: PHILANTHROPY SCORE: N.A. PHILANTHROPY SCORE: Private equity firm KKR, which
In March, Danaher, the industrial The hedge fund manager who made he cofounded with his cousin
conglomerate founded by Steven and billions shorting the U.S. subprime George Roberts (No. 109) and Je-
his brother Mitchell (No. 207), an- 98. VICTORIA MARS housing market has seen his net rome Kohlberg (d. 2015) near-
nounced the acquisition of genomics $6 BILLION T SELF-MADE SCORE: @ worth fall by more than half since ly half a century ago, has $191 bil-
company Integrated DNA Technolo- SOURCE: CANDY, PET FOOD 2014. Paulson has struggled due to lion in assets under management
gies for an undisclosed sum. AGE: 61 misplaced bets on healthcare stocks and investments in 98 companies.
RESIDENCE: NEWTOWN SQUARE, PA
and client outflows; most of his Kravis is a patron of the Metro-
PHILANTHROPY SCORE: N.A. firm’s assets are now his own mon- politan Museum of Art, where
98. ISRAEL The sisters together own one third of ey, and he’s trimmed staff. Paulson, a wing is named after him. His
ENGLANDER Mars, the $35 billion (sales) candy and who owns piano maker Steinway, economist wife, Marie-Josée, is
pet company based in Virginia. They
moved his offices to its former head-
president emerita of the Museum
$6 BILLION S SELF-MADE SCORE: ( inherited it after their father, Forrest quarters. He has pledged or donat- of Modern Art’s board of trustees.
SOURCE: HEDGE FUNDS Mars Jr., died in 2016. Pamela, Valer- ed over $400 million to the schools
AGE: 70 RESIDENCE: NEW YORK CITY
ie and Marijke work at the company, he attended, Harvard and New York
PHILANTHROPY SCORE: and Marijke and Victoria serve on the University, and to educational re- 107. ROBERT ROWLING
Englander founded Millennium board. Their aunt and uncle Jacqueline form efforts such as charter school $5.8 BILLION S SELF-MADE SCORE: %
Management in 1989 with $35 mil- (No. 18) and John (No. 18) own the network Success Academy. SOURCE: HOTELS, INVESTMENTS
lion. Now it manages more than other two thirds. AGE: 65 RESIDENCE: DALLAS
$36 billion. The multi-manager PHILANTHROPY SCORE:
firm has more than 2,600 employ- company’s history of modest giving: Rowling is trying to sell Gold’s
ees, including dozens of trading 104. JIM DAVIS & FAMILY Since 1981, New Balance, which Davis Gym, the fitness center chain
teams that get more capital when $5.9 BILLION S SELF-MADE SCORE: * owns, has given away roughly $90 mil- Arnold Schwarzenegger made
they perform well and risk get- SOURCE: NEW BALANCE lion through its foundation. He serves famous. Rowling’s TRT Holdings
ting cut off from funds—or fired— AGE: 75 RESIDENCE: NEWTON, MA as chairman of the company. has owned it since 2004. This year
if they lose money. Izzy, as he is PHILANTHROPY SCORE: his son Robert Jr. had a brief stint
known, contributed $100 million In the aftermath of Hurricane Maria, as CEO of TRT’s Origins Behav-
through his foundation to donor- New Balance and national nonprof- 104. TRAVIS KALANICK ioral HealthCare, a chain of rehab
advised funds between 2014 and it Good Sports announced a donation $5.9 BILLION S SELF-MADE SCORE: * centers, before deciding to return
2016, making him one of the big- of at least $110,000 of New Balance- SOURCE: UBER to practice as a clinical addiction
gest donors to employ these opaque branded sports equipment to the Boys AGE: 42 RESIDENCE: SAN FRANCISCO therapist. By far the biggest source
vehicles for his tax-deductible phil- and Girls Clubs of Puerto Rico. A PHILANTHROPY SCORE: N.A. of Rowling’s wealth is 54-location
anthropic giving. small gift in the $4 billion (2017 sales) After being booted as CEO of ride- Omni Hotels, which he runs.
PATRICK MCMULLAN/SIPA/NEWSCOM
WEALTH INHERITED VS. SELF-MADE CHANGE IN WEALTH KEY: S UP T DOWN SIGNATORY OF THE PHILANTHROPY RATING OCTOBER 31, 2018 FORBES | 151
! @ # $ % ^ & * ( ) WX UNCHANGED Ì NEW TO LIST 3 RETURNEE GIVING PLEDGE