Page 19 - Forbes Magazine-October 31, 2018

THE LIST

123. FRED SMITH 127. RAY LEE HUNT
$5.4 BILLION S SELF-MADE SCORE: ( $5.3 BILLION S SELF-MADE SCORE: %
SOURCE: FEDEX SOURCE: OIL, REAL ESTATE
AGE: 74 RESIDENCE: MEMPHIS AGE: 75 RESIDENCE: DALLAS
PHILANTHROPY SCORE: N.A. PHILANTHROPY SCORE:
FedEx hauled in a record-breaking Hunt has scored with big oil and
$65 billion in revenue in the fiscal gas ventures in Texas and Peru but
year that ended in May, despite an in- largely struck out in Yemen and
creasingly competitive landscape in Iraq. Son Hunter helped diversi-
which Amazon is reportedly testing fy Hunt Consolidated into electric
its own delivery service. Smith came power with publicly traded high-
up with the idea of FedEx as part of voltage line operator InfraREIT;
a Yale term paper. His professor was Hunt owns a 26% stake. The wealth-
not impressed, but Smith nonetheless iest of wildcatting legend H.L.
launched the company after returning Hunt’s 15 children, he owns historic
from the Vietnam War in 1971. He is Hoodoo Ranch, east of Yellowstone
still CEO and chairman of FedEx. National Park.
123. DAVID SUN 127. ROBERT PERA
$5.4 BILLION T SELF-MADE SCORE: ) $5.3 BILLION S SELF-MADE SCORE: *
SOURCE: COMPUTER HARDWARE SOURCE: WIRELESS NETWORKING 123. GEORGE LUCAS
AGE: 67 RESIDENCE: IRVINE, CA GEAR
AGE: 40 RESIDENCE: SAN JOSE, CA $5.4 BILLION S SELF-MADE SCORE: *
PHILANTHROPY SCORE: SOURCE: STAR WARS
PHILANTHROPY SCORE: AGE: 74 RESIDENCE: SAN ANSELMO, CA
The founder of wireless equip- PHILANTHROPY SCORE:
123. JOHN TU ment maker Ubiquiti Networks an-
$5.4 BILLION T SELF-MADE SCORE: ( nounced in April that he would re- The Star Wars creator has moved on from a galaxy far, far away to a proj-
ect much closer to home. Lucas now spends much of his time focusing on
SOURCE: COMPUTER HARDWARE tain control of the NBA’s Memphis
AGE: 77 RESIDENCE: ROLLING HILLS, CA philanthropy and, in particular, the Lucas Museum of Narrative Art, slated
Grizzlies after 2 minority owners ex-
PHILANTHROPY SCORE: ercised a clause that required Pera to open in 2021 in Los Angeles. Lucas and his wife, money manager Mel-
lody Hobson, are providing more than $1 billion for construction costs.
Kingston Technology, the comput- to buy them out at a reported valu- The museum will explore visual storytelling via paintings, comics and, of
er products firm that Sun and Tu co- ation of $1.3 billion or sell his stake course, film.
founded three decades ago, is ben- in the team. Ubiquiti shares plunged
efiting from the rising popularity of more than 25% in February, follow-
esports and games like Fortnite. It an- ing the firm’s disclosure of an ongo- prise Institute, Kovner is also a big
nounced that it shipped more than 5 ing SEC probe into its business and donor to the the arts. The retired 133. KAREN PRITZKER
million of its HyperX gaming headsets accounting practices; the company is hedge fund billionaire, who start- $5.1 BILLION S SELF-MADE SCORE: #
since its founding and formed part- cooperating and the stock bounced ed Caxton Associates in 1983, sits SOURCE: HOTELS, INVESTMENTS
nerships with the esports league NBA back—it’s up 71% in the past year. on the boards of Lincoln Center, the AGE: 60 RESIDENCE: BRANFORD, CT
2K League and Orlando-based team Pera owns nearly 72% of the shares. Met Opera, and the Juilliard School, PHILANTHROPY SCORE:
Magic Gaming this year. Sun and his where he once took classes and now A Hyatt Hotel heir, she has invested
wife’s foundation has donated over serves as chairman; he donated $20 in numerous tech and biotech com-
$10 million to education programs 127. TREVOR REES-JONES million to the school in 2012. panies including Apple, and backs
primarily in his native Taiwan. Tu is $5.3 BILLION S SELF-MADE SCORE: & venture capital firm LaunchCapital.
a longtime supporter of the Freedom SOURCE: OIL & GAS She reportedly gave $20 million to
AGE: 67 RESIDENCE: DALLAS
Writers Foundation, which helps un- 131. SHELDON SOLOW the Yale School of Medicine and $5
derprivileged students stay in school. PHILANTHROPY SCORE:
$5.2 BILLION S SELF-MADE SCORE: ( million to Teach for America. Her
A former bankruptcy attorney, Rees- SOURCE: REAL ESTATE husband, Michael Vlock, died of
Jones became one of the biggest AGE: 90 RESIDENCE: NEW YORK CITY
127. ERNEST GARCIA II winners in the shale fracking revolu- PHILANTHROPY SCORE: mesothelioma in September 2017.
$5.3 BILLION Ì SELF-MADE SCORE: ( tion. In 7 deals over 7 years through Sales of condos have begun at prop-
SOURCE: USED CARS 2012, his Chief Oil & Gas grossed 134. ROBERT BASS
AGE: 61 RESIDENCE: TEMPE, AZ erty developer Solow’s newest proj-
$7 billion selling assets in Texas and
ect, a 43-story residential building $5 BILLION S SELF-MADE SCORE: $
PHILANTHROPY SCORE: Pennsylvania. Rees-Jones says he SOURCE: OIL, INVESTMENTS
designed by architect Richard Mei-
Garcia’s career got off to a rocky start spent the oil downturn acquiring AGE: 70 RESIDENCE: FORT WORTH, TX
er in Manhattan overlooking the East
when he pleaded guilty in 1990 to a passive royalty interests in the Perm-
River. Construction is expected to be PHILANTHROPY SCORE: :
bank fraud charge stemming from the ian Basin. The Rees-Jones Founda-
done by early 2019. His 43-year-old Since 2003 Bass has backed super-
small role he played in the Charles Ke- tion has paid out more than $300
son, Stefan Soloviev (who uses the sonic jet developer Aerion, which
ating scandal involving Lincoln Sav- million in grants and has remaining
original Russian spelling of the fam- is working with GE and Lockheed
ings & Loan. But Garcia later found assets of $520 million.
ily name), is helping run the proj- Martin to build a $120 million,
success in the used car and subprime
ect and is in line to succeed his father. 12-passenger, Mach 1.4 jet. Expect-
auto loan business. He owns Drive- Solow is best known for 9 West 57th ed to be ready in 2023, the aircraft
Time Automotive, one of the nation’s 131. BRUCE KOVNER
Street, an office building famous is designed to fly from New York
largest used car retailers, but gets the $5.2 BILLION WX SELF-MADE SCORE: ( for its unobstructed views of Cen- to London in 3.5 hours. He and his
bulk of his fortune from Carvana, an SOURCE: HEDGE FUNDS tral Park and big-name tenants, in- brothers sold their oil business to
AGE: 73 RESIDENCE: NEW YORK CITY
online platform for selling used cars cluding Chanel and KKR; occupan- ExxonMobil for $5.6 billion in stock
and making auto loans. Carvana was PHILANTHROPY SCORE: cy rates had fallen below 50% a few in 2017. He has given $55 million to
founded as a subsidiary of DriveTime A longtime backer of the conser- years ago but are back up to 70% as of Stanford, $60 million to Duke and
by Garcia’s son and later spun out. vative think tank American Enter-
today, Soloviev says. at least $33 million to Yale.
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