Page 34 - Forbes Magazine-October 31, 2018

THE LIST

302. WARREN STEPHENS tributor and pipeline company En- Jaharis (d. 2016) reformulated Key 2005, a year after it was found-
ergy Transfer, which he cofounded
ed. He served as vice president of
Pharmaceuticals’ asthma medicine
$2.7 BILLION S SELF-MADE SCORE: $ in 1995 with fellow billionaire Kelcy and sold the company to Scher- infrastructure engineering until
SOURCE: INVESTMENT BANKING Warren (No. 136). He stepped down ing-Plough in 1986 in an $836 mil- 2015. He currently invests in tech-
AGE: 61 RESIDENCE: LITTLE ROCK, AR
as co-CEO in 2007. lion deal. nology startups.
PHILANTHROPY SCORE:
Stephens is the head of Little
Rock investment bank Stephens 316. JOHN PAUL 316. JOHN HENRY 316. TY WARNER
Inc. His name surfaced in the DEJORIA $2.6 BILLION S SELF-MADE SCORE: & $2.6 BILLION T SELF-MADE SCORE: )
Paradise Papers last November, SOURCE: SPORTS SOURCE: REAL ESTATE, PLUSH TOYS
and according to the documents, $2.6 BILLION T SELF-MADE SCORE: ) AGE: 69 RESIDENCE: BOCA RATON, FL AGE: 74 RESIDENCE: OAK BROOK, IL
he held a 40% stake in online SOURCE: HAIR PRODUCTS, TEQUILA PHILANTHROPY SCORE: PHILANTHROPY SCORE:
AGE: 74 RESIDENCE: AUSTIN, TX
lending firm Integrity Advance, By late September the Red Sox The creator of the Beanie Babies
which was accused by the Con- PHILANTHROPY SCORE: were on track to record the team’s craze is still in the toy business,
sumer Financial Protection Bu- In April, Bacardi acquired the winningest season ever and were peddling another line of plush toys
reau in 2015 of misleading con- rest of DeJoria’s Patrón Spirits top World Series contenders, 16 called Beanie Boo. However, much
sumers about the true costs of its that it didn’t already own in a years after Henry and his partner of his fortune is now derived from
loans. A spokesperson for Ste- deal that valued the tequila mak- Tom Werner bought the Sox for a handful of marquee hotels, in-
phens told Forbes the billionaire er at $5.1 billion (enterprise val- $380 million. The club, which has cluding the Four Seasons in New
was a passive investor and was ue). DeJoria also cofounded hair- won 3 championships under Hen- York. Wildfires and mudslides in
not involved in or aware of the care company John Paul Mitch- ry’s ownership, has risen in value California forced him to temporar-
firm’s day-to-day activities. ell Systems in 1980 and still chairs to $2.8 billion. ily close 2 of his resorts. The Four
the board. DeJoria is a supporter Seasons in Santa Barbara reopened
of marine wildlife conservation in June after renovations, and San
302. MARK STEVENS and anti-poaching group Sea 316. STEPHEN MANDEL JR. Ysidro Ranch is expected to reopen
$2.7 BILLION S SELF-MADE SCORE: ( Shepherd, which named a ship af- $2.6 BILLION S SELF-MADE SCORE: & in 2019.
SOURCE: VENTURE CAPITAL ter him in 2017. SOURCE: HEDGE FUNDS
AGE: 58 RESIDENCE: ATHERTON, CA AGE: 62 RESIDENCE: GREENWICH, CT
PHILANTHROPY SCORE: 316. BENNETT DORRANCE PHILANTHROPY SCORE:
A longtime venture capitalist, he Mandel will no longer manage in-
has joined the boards at 2 startups $2.6 BILLION T SELF-MADE SCORE: @ vestments for his Lone Pine Capital
he’s backing: Second Spectrum, SOURCE: CAMPBELL SOUP as of January 2019 but will remain a
AGE: 72
a machine-learning company fo- RESIDENCE: PARADISE VALLEY, AZ managing director. The former “Ti-
cused on sports video; and Innovi- PHILANTHROPY SCORE: ger Cub” started his hedge fund in
um, which makes chips for use in 1997 after leaving Julian Robert-
data centers. Stevens, who stud- An heir to the Campbell Soup for- son’s (No. 168) firm and increased
ied engineering, spent more than tune, Dorrance sits on the board it to $26.5 billion in assets under
2 decades at Silicon Valley ven- and has a 15% stake in the corpo- management. Mandel has poured
ture capital firm Sequoia; in 2012 ration, which has had an event- hundreds of millions into his Zoom
he started S-Cubed Capital. He ful year. It’s fighting a proxy bat- Foundation. He serves as chair-
and his wife, Mary, are big donors tle brought by Daniel Loeb (No. man of Teach for America’s nation-
to his alma mater, USC, including 259). Shares are down 11% in the al board.
$50 million for a neuroimaging past year. Dorrance is cofound-
institute. er of DMB Associates, a real es-
tate development firm in Arizona. 316. JORGE PEREZ
His family’s foundation has giv-
316. GEORGE ARGYROS en $33 million to pay for first-gen- $2.6 BILLION T SELF-MADE SCORE: *
SOURCE: REAL ESTATE
eration students to go to college in AGE: 69 RESIDENCE: MIAMI
$2.6 BILLION S SELF-MADE SCORE: (
SOURCE: REAL ESTATE, INVESTMENTS Arizona. PHILANTHROPY SCORE: 316. T. DENNY
AGE: 75
RESIDENCE: NEWPORT BEACH, CA In 2011 Pérez gave $40 million in SANFORD
PHILANTHROPY SCORE: 316. PHILLIP FROST cash and artwork to the Miami $2.6 BILLION S SELF-MADE SCORE: (
Art Museum, which agreed to re-
Argyros and his wife, Julia, pledged $2.6 BILLION T SELF-MADE SCORE: * name itself in his honor. The re- SOURCE: BANKING, CREDIT CARDS
AGE: 82
$7.5 million in January to renovate SOURCE: PHARMACEUTICALS developed Pérez Art Museum Mi- RESIDENCE: SIOUX FALLS, SD
AGE: 81 RESIDENCE: MIAMI BEACH, FL
the plaza at the Los Angeles Colise- ami, nicknamed PAMM, opened PHILANTHROPY SCORE:
um, home to the USC Trojans and PHILANTHROPY SCORE: in 2013. Pérez has continued to
NFL’s Los Angeles Rams. Argy- Frost’s net worth took a hit in early fund the museum, pledging $15 Even Pope Francis is impressed
ros runs Arnel & Affiliates, which September after the SEC accused million in 2016. He’s an aesthete by Sanford’s generosity. In July,
owns over 2 million square feet of him of participating in a “pump- in business as well: SLS Lux Brick- the owner of Sioux Falls-based
commercial real estate in south- and-dump” scheme that generat- ell, the 57-story condo-hotel he First Premier Bank received
ern California. He worked his way ed over $27 million from unlaw- opened in Miami in July, features the Pontifical Key Philanthropy
through high school and college as ful stock sales. Shares of Opko a brightly colored artist-designed Award from the Vatican for his
a paperboy and supermarket clerk. Health, the diagnostics and drug façade. charitable giving. Sanford, who
firm he runs, sunk 18% in one day. dropped off The Forbes 400 for
Frost released a statement saying 6 years after the financial cri-
316. RAY DAVIS that he was “stunned” by the SEC’s 316. JEFF ROTHSCHILD sis, has doled out more than
$2.6 BILLION T SELF-MADE SCORE: * lawsuit and denied the allegations $2.6 BILLION T SELF-MADE SCORE: ^ $1.6 billion to charities, most
SOURCE: PIPELINES against him in the suit’s complaint. SOURCE: FACEBOOK of it to healthcare and drug re-
AGE: 76 RESIDENCE: DALLAS The son of a South Philadelphia AGE: 63 RESIDENCE: PALO ALTO, CA search. He told Forbes he wants
PHILANTHROPY SCORE: N.A. shoe-store owner, Frost and for- PHILANTHROPY SCORE: to die broke.
Davis owns 5% of natural gas dis- mer Forbes 400 member Michael Rothschild joined Facebook in
DIRK LAMMERA/AP
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