Page 30 - Forbes Magazine-October 31, 2018

FORBES

259. DANIEL OCH in Toronto-listed Canopy Growth, 259. DON VULTAGGIO & 271. MICHAEL RUBIN
which had revenues of just $59 mil-
$3.1 BILLION T SELF-MADE SCORE: & lion in the year ended in March from FAMILY $3 BILLION S SELF-MADE SCORE: *
SOURCE: HEDGE FUNDS producing cannabis and selling oils, SOURCE: ONLINE RETAIL
AGE: 57 RESIDENCE: SCARSDALE, NY $3.1 BILLION S SELF-MADE SCORE: ) AGE: 46 RESIDENCE: BRYN MAWR, PA.
capsules and hemp. Shares of Constel- SOURCE: BEVERAGES
PHILANTHROPY SCORE: lation, headed by CEO Robert, have AGE: 66 PHILANTHROPY SCORE:
The founder of Och-Ziff Capital soared over 350% in the last 5 years. RESIDENCE: PORT WASHINGTON, NY Rubin’s flash-sales site, Rue La
Management stepped down as CEO The company was founded in 1945 by PHILANTHROPY SCORE: La, acquired longtime rival Gilt
in January after clashing with the Richard and Robert’s father, Marvin. Vultaggio’s 99-cent cans of Arizona Groupe for an undisclosed price
firm’s board and even his protégé. It Iced Tea have lined convenience- in June. He also owns stakes in e-
didn’t help that the publicly traded store shelves for more than 25 commerce sites Fanatics and Shop-
hedge fund firm has taken a beating 259. DONALD TRUMP years. To celebrate the milestone, Runner, which he acquired from
from investors in recent years. For $3.1 BILLION WX SELF-MADE SCORE: % in May he launched a pop-up shop eBay in 2011 after he sold GSI
now, Och remains chairman, but he SOURCE: REAL ESTATE modeled after a 99-cent store, Commerce to the online auction
plans to give up the position in 2019. AGE: 72 filled with custom shoes, shirts and site for $2.4 billion. He’s in the pro-
RESIDENCE: WASHINGTON, D.C.
skateboards, all embellished with cess of working with rapper Meek
PHILANTHROPY SCORE: Mill to launch the Criminal Justice
259. RICHARD SANDS The president of the U.S. started the the brand’s trademark pastel de- Reform Foundation.
signs. Vultaggio got his start in the
$3.1 BILLION S SELF-MADE SCORE: $ Donald J. Trump Foundation in 1987 1970s peddling beer and soda in
SOURCE: FOOD & BEVERAGE and indicated he would give away his
AGE: 67 profits from The Art of the Deal. But Brooklyn’s grittiest neighborhoods, 271. ERIC SMIDT
RESIDENCE: CANANDAIGUA, NY before cofounding Arizona and
over the next 3 decades, Trump trans- moving into tea in the 1990s. $3 BILLION S SELF-MADE SCORE: (
PHILANTHROPY SCORE: formed the entity into a vehicle for SOURCE: HARDWARE STORES
self-promotion, through which he AGE: 58
RESIDENCE: BEVERLY HILLS, CA
259. ROBERT SANDS took in donations from outsiders and 271. JAMES JANNARD
doled out money as if it were his own. PHILANTHROPY SCORE:
$3.1 BILLION S SELF-MADE SCORE: $ In June the New York attorney gener- $3 BILLION T SELF-MADE SCORE: ( Smidt is CEO of $4.1 billion (est.
SOURCE: FOOD & BEVERAGE SOURCE: OAKLEY SUNGLASSES
AGE: 60 al filed a lawsuit against him, seeking AGE: 69 2017 sales) Harbor Freight Tools,
RESIDENCE: CANANDAIGUA, NY $2.8 million plus penalties for alleg- RESIDENCE: SAN JUAN ISLANDS, WA which has 900 stores in 47 states.
edly using the foundation as a tool for PHILANTHROPY SCORE: N.A. He started the business with his
PHILANTHROPY SCORE:
his business and his presidential cam- Maybe good things do come in father, Allan, when he was just a
In August the brothers’ wine and spir- teenager but eventually bought him
its business, Constellation Brands, an- paign. Trump’s lawyers say the case is threes: After founding Oakley sun- out. His dad (d. 2016) later sued
nounced a $3.8 billion investment politically motivated. glasses and high-res digital cam-
era maker Red, Jannard has been him unsuccessfully for misusing
working on a holographic smart- money. In February, Smidt pledged
phone called Hydrogen. Preorders $50 million to build the Cedars-Si-
of the $1,300 phone are slated to nai Smidt Heart Institute.
ship in October and sell through
carriers such as AT&T in Novem- 271. LYNSI SNYDER
ber. He still owns Red, whose cam-
eras were used to film movies like $3 BILLION Ì SELF-MADE SCORE: #
Academy Award winners The Dan- SOURCE: IN-N-OUT BURGER
AGE: 36 RESIDENCE: GLENDORA, CA
ish Girl and Room. He sold Oakley
to eyeglass conglomerate Luxottica PHILANTHROPY SCORE:
for $2.1 billion in 2007. The youngest woman on The
Forbes 400, Snyder owns near-
ly 97% of the 70-year-old burger
271. RANDAL KIRK chain In-N-Out.
$3 BILLION T SELF-MADE SCORE: *
SOURCE: PHARMACEUTICALS
AGE: 64 RESIDENCE: LAKE WORTH, FL 271. ROMESH T.
WADHWANI
PHILANTHROPY SCORE:
Kirk sold cars while in college, then $3 BILLION WX SELF-MADE SCORE: *
became a lawyer. He founded his SOURCE: SOFTWARE
biotech conglomerate, Intrexon, in AGE: 71 RESIDENCE: PALO ALTO, CA
1998. In June, Intrexon announced PHILANTHROPY SCORE:
a partnership with the Bill & Melin- Wadhwani and his brother, Sunil,
da Gates Foundation to develop a launched the nonprofit Wadhwani
271. ARTURO MORENO new strain of mosquitoes that Institute for Artificial Intelligence
will mate and kill off their malaria- at the University of Mumbai this
$3 BILLION S SELF-MADE SCORE: * infected counterparts.
SOURCE: BILLBOARDS, ANAHEIM ANGELS year. A native of India, he moved
AGE: 72 RESIDENCE: PHOENIX to the U.S. to pursue a master’s de-
271. JOSEPH LIEMANDT gree at Carnegie Mellon, then
PHILANTHROPY SCORE: stayed and founded private eq-
The first Mexican-American to own a major league sports team, his Los $3 BILLION 3 SELF-MADE SCORE: & uity firm Symphony Technology
Angeles Angels are worth $1.8 billion, nearly 10 times what he paid in SOURCE: SOFTWARE Group in 2002. Its portfolio con-
2003. Moreno sold his billboard advertising company, Outdoor Systems, AGE: 50 RESIDENCE: AUSTIN, TX sists of 14 technology and analytics
to Infinity Broadcasting for $8.7 billion in 1999. Today he donates mil- PHILANTHROPY SCORE: N.A. companies.
lions of dollars annually to the Moreno Family Foundation, which sup- The founder of investment firm
ports underprivileged youth and education nonprofits. ESW Capital returns to The Forbes SEAN M. HAFFEY/GETTY IMAGES
400 after a 17-year absence.

192 | 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