Page 29 - Forbes Magazine-October 31, 2018

FORBES THE LIST

sor to Simon Property Group in 259. DON HANKEY
1960. Melvin’s son David is CEO.
Herb also owns the Indiana Pacers, $3.1 BILLION S SELF-MADE SCORE: &
worth nearly $1.2 billion. SOURCE: AUTO LOANS
AGE: 75 RESIDENCE: MALIBU, CA
PHILANTHROPY SCORE:
251. PAUL SINGER As a teen, Hankey worked as a lot
$3.2 BILLION S SELF-MADE: * boy, washing and polishing cars,
SOURCE: HEDGE FUNDS and then as a salesman at his fa-
AGE: 74 RESIDENCE: NEW YORK CITY
ther’s Los Angeles Ford dealership.
PHILANTHROPY SCORE: In 1972 he took over the dealer-
The high-profile dealmaker’s El- ship and began extending car loans
liott Management took over be- to people with poor credit. Hankey
leaguered soccer club AC Milan Group has grown into a $1.1 bil-
in July. Singer famously spent 15 lion (sales) Los Angeles-based auto
years warring with the government services empire.
of Argentina over bond payments,
which resulted in a $2.4 billion
payout to his firm in 2016. He is a 259. JOHNELLE HUNT
frequent contributor to Jewish and $3.1 BILLION S SELF-MADE SCORE: &
pro-Israel causes, including Hillel SOURCE: TRUCKING
International and BBYO. AGE: 86
251. JON STRYKER RESIDENCE: FAYETTEVILLE, AR
PHILANTHROPY SCORE:
$3.2 BILLION S SELF-MADE SCORE: ! 259. RILEY BECHTEL
SOURCE: MEDICAL EQUIPMENT Johnelle met her husband, Johnnie
AGE: 60 RESIDENCE: NEW YORK CITY $3.1 BILLION S SELF-MADE SCORE: $ (d. 2006), when she was a junior in
SOURCE: ENGINEERING, high school. The couple cofounded
PHILANTHROPY SCORE:
CONSTRUCTION $7.2 billion (2017 sales) J.B. Hunt
The philanthropist committed $20 million for scholarships at his alma ma- AGE: 66 RESIDENCE: SAN FRANCISCO
ter Kalamazoo College in June, a small piece of the $550 million he has Transport Services in 1969. She re-
PHILANTHROPY SCORE: N.A. tired from the board in 2008 but
given away in his lifetime. His Arcus Foundation supports gay rights issues
and the protection of great apes. In December 2016, he and his sister Pat still holds a nearly 17% stake.
gave $5 million each to fund the nation’s memorial to the victims of racial 259. STEPHEN
terror lynchings. He inherited a stake in medical equipment firm Stryker BECHTEL JR. 259. DANIEL LOEB
Corp., founded by his grandfather.
$3.1 BILLION S SELF-MADE SCORE: $ $3.1 BILLION T SELF-MADE SCORE: &
SOURCE: ENGINEERING, SOURCE: HEDGE FUNDS
CONSTRUCTION AGE: 56 RESIDENCE: NEW YORK CITY
251. JEAN (GIGI) sets under management in the past AGE: 93 RESIDENCE: SAN FRANCISCO PHILANTHROPY SCORE:
decade.
PRITZKER PHILANTHROPY SCORE: An activist hedge fund manager
Stephen and son Riley each own an known for shaking up corporations,
$3.2 BILLION S SELF-MADE SCORE: # 251. MARK SHOEN estimated 20% of construction and Loeb has targeted such companies
SOURCE: HOTELS, INVESTMENTS
AGE: 56 RESIDENCE: CHICAGO $3.2 BILLION T SELF-MADE SCORE: % engineering firm Bechtel. Since as Yahoo and Dow Chemical over
SOURCE: U-HAUL 2016, Riley’s son Brendan has run the years. Most recently, he has set
PHILANTHROPY SCORE:
AGE: 67 RESIDENCE: PHOENIX the $25.9 billion (sales) compa- his sights on Campbell Soup, which
Cofounder and CEO of MWM PHILANTHROPY SCORE: N.A. ny, which is known for large-scale he has called a “mess,” and is push-
(formerly Madison Wells Media), projects like the Hoover Dam. Ste- ing the company to replace board
which has a film and TV produc- Shoen is the largest individu- phen’s S.D. Bechtel Jr. Foundation, members and sell itself. He founded
tion arm as well as a virtual and al shareholder of U-Haul’s parent, has given over $450 million since his Third Point hedge fund in 1995.
augmented reality division, she has Amerco, with a 21% stake. His par- 2012 to environmental and educa- Unlike many of his activist peers,
produced films and TV shows such ents founded the truck- and trailer- tional causes, including $25 million Loeb has been posting solid hedge
as the Oscar-nominated Hell or rental company in 1945. As part of to beautify the Presidio, a national fund returns in recent years.
High Water and the Emmy-nom- a family feud, Shoen and his broth- park near San Francisco’s Golden
inated Genius. She is president of er Joe (No. 302) took control of U- Gate Bridge.
the family’s Pritzker Foundation, Haul in 1986; Mark was president 259. MARY ALICE
which has $413 million in assets. for 16 years. DORRANCE MALONE
259. JOHN
251. MARC ROWAN 251. HERB SIMON CATSIMATIDIS $3.1 BILLION T SELF-MADE SCORE: @
SOURCE: CAMPBELL SOUP
$3.2 BILLION S SELF-MADE SCORE: ( $3.1 BILLION WX SELF-MADE SCORE: ( AGE: 68
$3.2 BILLION S SELF-MADE SCORE: * RESIDENCE: COATESVILLE, PA
SOURCE: PRIVATE EQUITY SOURCE: REAL ESTATE SOURCE: OIL, REAL ESTATE
AGE: 56 RESIDENCE: NEW YORK CITY AGE: 84 RESIDENCE: INDIANAPOLIS AGE: 70 RESIDENCE: NEW YORK CITY PHILANTHROPY SCORE:
PHILANTHROPY SCORE: PHILANTHROPY SCORE: Malone and brother Bennett Dor-
PHILANTHROPY SCORE:
His Apollo Global made a name At a time when many malls in Catsimatidis continues to make rance (No. 316), board mem-
for itself in high-yield bonds but the U.S. are struggling, his Simon his mark in Brooklyn real estate, bers at Campbell Soup, are facing
is now making big bets in health- Property Group, which owns 220 with a newly completed apartment a proxy battle launched in Septem-
care: Notable 2018 deals include shopping malls and retail strips in complex in Fort Greene to add to ber by activist investor Daniel Loeb
acquiring hospital operator Life- the U.S., Europe and Asia, is more 3 others there. Next up: a 425-unit (No. 259). In August the firm said
Point Health for $5.6 billion. Apol- than holding its own. It notched apartment development near the it would sell its fresh food and in-
lo, which he cofounded in 1990 a record profit of nearly $2 billion beach in Coney Island. Altogeth- ternational businesses; its shares
with Leon Black (No. 76) and Josh- last year and increased dividends er he owns nearly 80 buildings, a have been in decline for 2 years. Her
ua Harris (No. 207), manages $269 10%. Simon and his brother Mel- Pennsylvania oil refinery and the grandfather invented the formula for TAYLOR HILL/GETTY IMAGES
billion and has quintupled its as- vin (d. 2009) founded the precur- Gristedes supermarket chain. Campbell’s condensed soup.
174 | 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