Page 26 - Forbes Magazine-October 31, 2018

FORBES

Jan Koum (No. 47) in 2009 and quit tertained. The streaming service hit
Facebook in 2017, helped start Sig- 130 million users this year, up 26
nal Foundation, a nonprofit ded- million from a year ago. It continues
icated to developing open source to sign top talent, including Shon-
technology to enable secure glob- da Rhimes, Glee creator Ryan Mur-
al communication. Through oth- phy and, in May, Barack and Mi-
er vehicles, he and his wife are sup- chelle Obama.
porting low-income families with
young children and promoting civ-
ic engagement. His charitable ve- 215. MIN KAO
hicles have more than $600 million $3.6 BILLION S SELF-MADE SCORE: *
in assets. SOURCE: NAVIGATION EQUIPMENT
AGE: 69 RESIDENCE: LEAWOOD, KS
PHILANTHROPY SCORE:
215. CLIFFORD ASNESS Kao is executive chairman of $3.1
$3.6 BILLION S SELF-MADE SCORE: * billion (sales) navigation company
SOURCE: INVESTMENT MANAGEMENT Garmin, which makes everything
AGE: 52 RESIDENCE: GREENWICH, CT from GPS for cars and running
PHILANTHROPY SCORE: watches to weather radars for air-
The Goldman Sachs veteran built planes. A onetime NASA engineer,
up AQR Capital Management by Kao was recruited to King Radio
popularizing factor-based invest- by Gary Burrell. In 1989 they co-
ing, the idea that choosing secu- founded Garmin, whose name is a
rities based on certain attributes combination of their first names.
leads to enhanced long-term re-
turns. His $225 billion (assets) 215. JOE MANSUETO
AQR, which he cofounded in 1998,
has been growing fast and diversi- $3.6 BILLION S SELF-MADE SCORE: *
SOURCE: INVESTMENT RESEARCH
223. SCOTT COOK fying away from hedge funds. AGE: 62 RESIDENCE: CHICAGO
$3.5 BILLION S SELF-MADE SCORE: * PHILANTHROPY SCORE:
SOURCE: SOFTWARE 215. JOHN BROWN Mansueto bought Chicago’s famed
AGE: 66 RESIDENCE: WOODSIDE, CA Wrigley building in June and a stake
$3.6 BILLION S SELF-MADE SCORE: ^
PHILANTHROPY SCORE: in the Chicago Fire Soccer Club
SOURCE: MEDICAL EQUIPMENT
A cofounder of financial software company Intuit, best-known for prod- AGE: 84 RESIDENCE: ATLANTA in July. The Morningstar founder
ucts like QuickBooks, TurboTax and Mint, Cook was formerly CEO of PHILANTHROPY SCORE: stepped down as CEO in 2016; he
Intuit and still sits on the board of the $6 billion (sales) company. He and Brown ran Stryker Corp., a medical is still executive chairman and the
his wife, Signe, have been big supporters of education, donating $34 mil- device and software company, for largest shareholder. He also owns
lion to the University of California, San Francisco; $21 million to the 32 years before stepping down as Inc. and Fast Company magazines.
University of Wisconsin-Madison (where Signe received her M.B.A.); and chairman in 2009. Under his lead- Mansueto and his wife donated $35
$11 million to online video tutoring site Khan Academy. million in 2016 to create an urban
ership, Stryker’s revenues rose from
$17 million to $6.7 billion. He still studies institute at their alma mater,
owns slightly more than 5% of the the University of Chicago.
207. MITCHELL RALES in a decade with Ready Player One, $12 billion (sales) company.
a 2018 sci-fi romp that he directed, 215. DONALD STERLING
$3.7 BILLION S SELF-MADE SCORE: &
SOURCE: MANUFACTURING, which grossed $582 million world- 215. BARRY DILLER $3.6 BILLION S SELF-MADE SCORE: *
INVESTMENTS wide. His Amblin Partners got a SOURCE: REAL ESTATE
AGE: 62 RESIDENCE: POTOMAC, MD production credit. After failing to $3.6 BILLION S SELF-MADE SCORE: ( AGE: 84
PHILANTHROPY SCORE: get into USC film school, Spielberg SOURCE: ONLINE MEDIA RESIDENCE: BEVERLY HILLS, CA
AGE: 76 RESIDENCE: NEW YORK CITY
This October, his Glenstone got a job as an intern at Universal. PHILANTHROPY SCORE:
Museum in Potomac, Mary- Today a cut of every ticket sold at PHILANTHROPY SCORE: The former L.A. Clippers owner, who
land, is opening Pavilions, a new Universal theme parks goes direct- In August, 3 Tinder cofounders sued was forced to sell the team in 2014 af-
204,000-square-foot extension. He ly into Spielberg’s pocket thanks to Diller’s media conglomerate IAC and ter being banned by the NBA com-
and his wife, Emily, donated more blockbuster hits like E.T. and Jaws. Match Group—its online dating sub- missioner for racist remarks, once
than $1 billion worth of art to the Altogether his films have grossed sidiary that was spun off in 2015— again faced controversy for alleged
museum’s foundation. Rales and more than $10 billion. for at least $2 billion. Match operates discrimination. This time he was ac-
his brother Steven (No. 88) bought Tinder, along with more than 45 oth- cused of evicting veterans. After pur-
a REIT in 1983, renamed it Dana- 215. BRIAN ACTON er companies. The trio claim IAC and chasing 2 public housing apartment
her a year later and turned it into Match undervalued Tinder and didn’t buildings in the Los Angeles neigh-
an industrial conglomerate. $3.6 BILLION T SELF-MADE SCORE: * fulfill options agreements. Both com- borhood of Koreatown in April, his
SOURCE: WHATSAPP panies deny the allegations. company reportedly sent the veterans
AGE: 46 RESIDENCE: PALO ALTO, CA
eviction notices in July, even though
207. STEVEN SPIELBERG PHILANTHROPY SCORE: 215. REED HASTINGS the tenants had been paying with fed-
A crusader for data protection and eral housing vouchers. The move was
$3.7 BILLION S SELF-MADE SCORE: *
SOURCE: MOVIES privacy, Acton sent out a damning $3.6 BILLION S SELF-MADE SCORE: & blocked by several groups, includ-
AGE: 71 tweet in March, 4 years after Face- SOURCE: NETFLIX ing the Los Angeles housing authority.
RESIDENCE: PACIFIC PALISADES, CA book acquired WhatsApp for $22 AGE: 58 RESIDENCE: SANTA CRUZ, CA Sterling could not be reached for com-
PHILANTHROPY SCORE: billion in cash and stock: “It is time. PHILANTHROPY SCORE: ment. The billionaire made his initial
JEFF SINGER/REDUX
The 3-time Academy Award win- #deletefacebook.” Acton, who co- The Netflix cofounder and CEO is fortune by buying apartment build-
ner scored his best box office tally founded the messaging app with redefining the way the world is en- ings in Los Angeles.

170 | 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