Page 37 - Forbes Magazine-October 31, 2018

THE LIST

344. VINCENT VIOLA plunged 97% in the first quarter, in 354. DRAYTON MCLANE liance Texas, a 20,000-acre sprawl
part due to the falling rupee. A for-
of industrial warehouses, rail-
$2.4 BILLION 3 SELF-MADE SCORE: ( mer United and US Airways exec- $2.3 BILLION S SELF-MADE SCORE: % yards and an airport north of Fort
SOURCE: ELECTRONIC TRADING utive, Gangwal, who owns 37% of SOURCE: WALMART, LOGISTICS Worth. Among its tenants: Ama-
AGE: 62 RESIDENCE: NEW YORK CITY AGE: 82 RESIDENCE: TEMPLE, TX
the carrier, lost more than $1 bil- zon.com, Facebook and Charles
PHILANTHROPY SCORE: lion in less than 5 months. PHILANTHROPY SCORE: Schwab. These days he’s planning
Appointed secretary of the Army in In December, McLane became a Dallas skyscraper, working on a
2017 by Donald Trump (No. 259), chairman of Texas Central, a com- flying taxi venture with helicopter
Viola reportedly dropped out due 354. THOMAS HAGEN pany that aims to build a high- firm Bell and Uber, and intends to
to business conflicts. The son of a $2.3 BILLION Ì SELF-MADE SCORE: @ speed train connecting Dallas and mine asteroids in space.
truck driver, the West Point gradu- SOURCE: INSURANCE Houston. McLane ran his fami-
ate started electronic-trading firm AGE: 82 RESIDENCE: ERIE, PA ly business, McLane Co., a gro-
Virtu Financial in 2008. In 2003 he PHILANTHROPY SCORE: cery distribution company, for 32 354. STEWART RAHR
founded the Combating Terrorism Hagen is chairman of $1.7 bil- years, before selling it to his friend $2.3 BILLION S SELF-MADE SCORE: %
Center at West Point to provide ed- lion (revenues) Erie Indemnity, Sam Walton in 1991 for $50 mil- SOURCE: DRUG DISTRIBUTION
ucation and research about global the insurance company cofound- lion and 10.4 million shares of AGE: 72
terrorism. ed by his late wife Susan’s father, Walmart. (Walmart sold it to Berk- RESIDENCE: NEW YORK CITY
H. O. Hirt, in 1925. Hagen spent shire Hath away in 2003.) McLane PHILANTHROPY SCORE:
344. DAVID WALENTAS 40 years at the firm and served as is a generous donor to his alma His rarefied addresses include a
maters, Baylor and Michigan State,
recently purchased $17 million
CEO from 1990 to 1993. He then
$2.4 BILLION S SELF-MADE SCORE: ) worked as Pennsylvania’s secre- both of which have built stadiums apartment in Manhattan’s second-
SOURCE: REAL ESTATE tary of commerce in the 1990s. that bear his name. tallest building (432 Park Ave.) and
AGE: 80 RESIDENCE: NEW YORK CITY
Hagen is a retired U.S. Navy Re- a 9,200-square-foot office in Trump
PHILANTHROPY SCORE: serve Captain. Tower. He retired to a life of plea-
The developer behind Brooklyn’s 354. BOBBY MURPHY sure and philanthropic pursuits af-
Dumbo neighborhood is partway $2.3 BILLION T SELF-MADE SCORE: * ter selling his family’s drug whole-
through a roughly 10-year effort 354. OSMAN KIBAR SOURCE: SNAP sale business Kinray to Cardinal
to turn the 11-acre Domino Sug- $2.3 BILLION T SELF-MADE SCORE: * AGE: 30 RESIDENCE: VENICE, CA Health in 2010 for $1.3 billion. He’s
ar Factory on that borough’s water- SOURCE: BIOTECH PHILANTHROPY SCORE: donated nearly $40 million to can-
front into stylish apartments and AGE: 47 RESIDENCE: LA JOLLA, CA cer research.
commercial space. One tower be- PHILANTHROPY SCORE: N.A. 354. EVAN SPIEGEL
gan renting apartments in mid- Kibar’s biotech startup Samumed
2017. Domino Park, facing the East said it raised $438 million in Au- $2.3 BILLION T SELF-MADE SCORE: *
River, opened this summer. Back in gust to further its work develop- SOURCE: SNAP
AGE: 28 RESIDENCE: LOS ANGELES
the late 1970s, Walentas borrowed ing drugs to reverse aging, claim-
$12 million to buy 2 million square ing a valuation of $12.4 billion. PHILANTHROPY SCORE:
feet of buildings in Dumbo, then The names of investors were not The Snap founders and onetime
an industrial zone. He later turned disclosed. Kibar owns about a fraternity brothers’ success seems
it into swanky apartments. third of the firm. But results of to be fading. This year Snap,
Samumed’s lead drug, for ar- which owns messaging app Snap-
chat, reported its first decline in
354. RON BARON thritis, are mixed, so Forbes val- daily active users; still, about 188
ues Kibar’s stake based on the
$2.3 BILLION S SELF-MADE SCORE: * market capitalizations of 5 bio- million people, mostly teens and
SOURCE: MONEY MANAGEMENT tech high-fliers without approved Millennials, use Snapchat to send
AGE: 75 RESIDENCE: NEW YORK CITY disappearing photos, videos and
drugs. Kibar, born in Turkey, runs
PHILANTHROPY SCORE: Samumed with a crew of high- messages every day. Its founders’
The buy-and-hold investor has re- achieving friends he has known fortunes tumbled a combined $1.6
cently defended his investment since high school. The company is billion from a year ago as Snap
in Tesla, predicting he’ll make 20 also developing drugs to combat shares fell 28%. Its struggles come
times his money by 2030. He’s had baldness and cancer. amid competitive pressure from 354. JOE RICKETTS
success sticking with stocks: He Kevin Systrom’s Instagram (which $2.3 BILLION S SELF-MADE SCORE: )
bought Charles Schwab 26 years is owned by Facebook) and a SOURCE: TD AMERITRADE
ago and has made 75 times his ini- 354. THAI LEE rocky app redesign earlier this AGE: 77 RESIDENCE: LITTLE
tial investment. Assets at his Bar- $2.3 BILLION Ì SELF-MADE SCORE: ( year. Spiegel became one of the JACKSON HOLE, WY
on Capital Management were up to SOURCE: IT SERVICES youngest public company CEOs PHILANTHROPY SCORE:
$30.2 billion at the end of August. AGE: 59 RESIDENCE: AUSTIN, TX at age 26 when Snap went public His religious silent retreat cen-
He owns one of the largest homes PHILANTHROPY SCORE: in March 2017. Two months later ter, the Cloisters on the Platte,
in East Hampton, outfitted with a Lee is CEO of $8.5 billion (sales) he married supermodel Miranda in Nebraska, hosted its first ses-
squash court, movie theater and IT provider SHI International, Kerr, and they had their first child sion in July. He helped fund the
basketball court where friends like which has 17,000 customers, in- in May. campus, which sits on 900 acres
Carl Icahn (No. 31) have played. cluding Boeing and Johnson & and is open to the public. On the
Johnson. The daughter of a prom- 354. ROSS PEROT JR. grounds are 14 life-size sculp-
inent Korean economist, she was tures depicting Jesus Christ’s
354. RAKESH GANGWAL born in Bangkok, grew up in South $2.3 BILLION S SELF-MADE SCORE: $ last day of life. Ricketts founded
$2.3 BILLION T SELF-MADE SCORE: * Korea and moved to the U.S. for SOURCE: REAL ESTATE a stock brokerage firm in 1975
AGE: 59 RESIDENCE: DALLAS
SOURCE: AIRLINES high school. After stints at Proct- that grew into online trading
AGE: 65 RESIDENCE: MIAMI er & Gamble and American Ex- PHILANTHROPY SCORE: N.A. company TD Ameritrade. His
PHILANTHROPY SCORE: N.A. press, Lee and her then husband Perot Jr. learned business at the el- son Pete is Nebraska’s governor.
Shares of his budget airline Indi- paid less than $1 million in 1989 bow of his famous father, Perot Sr.
Go began crashing in April after its for a software reseller, the prede- (No.172), then made his own for-
longtime president left. Net profits cessor to SHI. tune. His most significant asset: Al-

TIM PANNELL
OCTOBER 31, 2018 FORBES | 203