Jeff Bezos founded e-commerce colossus Amazon in 1994 out of his garage in Seattle. He remains CEO and owns a nearly 11.2% stake.He divorced his wife MacKenzie in July 2019 after 25 years of marriage and transferred one quarter of his Amazon stake to her.MacKenzie Bezos's 4% slice of Amazon makes her one of the world's richest women. In 2018, Amazon had $230 billion in revenues and a record $10 billion in net profit, up from $3 billion the prior year. In February, Amazon announced it was canceling plans for a second headquarters in Long Island City, New York after local lawmakers opposed the plan.Bezos owns The Washington Post and Blue Origin, an aerospace company that is developing a rocket for commercial use.Growing up, Jeff Bezos worked summers on his grandfather's ranch repairing Caterpillar tractors.Bezos met Google founders Larry Page and Sergey Brin in 1998 and managed to become one of the company's first angel investors, putting in $250,000.
With his wife Melinda, Bill Gates chairs the Bill & Melinda Gates Foundation, the world's largest private charitable foundation.In February 2020, the Gates Foundation said it would spend up to $100 million to improve detection and treatment of the novel coronavirus.Gates has sold or given away much of his stake in Microsoft -- he owns just over 1% of shares -- and invested in a mix of stocks and other assets.In mid-March, Gates said he's stepping down as a board member of Microsoft, the software firm he founded with Paul Allen (d. 2018) in 1975.The foundation works to improve global health and to create equal opportunity for people around the globe.To date, Gates has donated $35.8 billion worth of Microsoft stock to the Gates Foundation.When Gates was a kid, he spent so much time reading that his parents finally forbade him from bringing books to the dinner table.Gates took a break from classes his senior year in high school to do programming with his friend Paul Allen at a power plant in North Bonneville, Washington.
One of the world's ultimate taste-makers, Bernard Arnault oversees an empire of 70 brands including Louis Vuitton and Sephora.In November 2019, LVMH struck a deal to buy American jeweler Tiffany & Co. for $16.2 billion, believed to be the biggest luxury brand acquisition.LVMH spent $3.2 billion in 2019 for luxury hospitality group, Belmond, which owns or manages 46 hotels, trains and river cruises.Arnault and LVMH pledged over $220 million to help repair the Notre Dame cathedral in Paris following a devastating fire in mid April 2019.His father made a small fortune in construction; Arnault got his start by putting up $15 million from that business to buy Christian Dior in 1985.Four of Arnault's five children work in corners of the LVMH empire: Frdric, Delphine, Antoine and Alexandre.Arnault apparently wooed his wife, Helene Mercier, a concert pianist, by playing Chopin and other classical composers on the piano.Every Saturday, Arnault visits as many as 25 stores -- including both his and those of his competitors.
Known as the "Oracle of Omaha," Warren Buffett is one of the most successful investors of all time.Buffett runs Berkshire Hathaway, which owns more than 60 companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen.The son of a U.S. congressman, he first bought stock at age 11 and first filed taxes at age 13.He's promised to give away over 99% of his fortune. In 2019 he donated $3.6 billion, much of it to the foundation of friends Bill and Melinda Gates.In 2010, he and Gates launched the Giving Pledge, asking billionaires to commit to donating half their wealth to charitable causes.Buffett still lives in the same Omaha, Nebraska home he purchased in 1958 for $31,500.Buffett was rejected from Harvard Business School; he got a master's in economics from Columbia University instead.
Larry Ellison cofounded software firm Oracle in 1977 to tap into the growing need for customer relationship management databases.He gave up the Oracle CEO role in 2014 but still serves as chairman of the board and chief technology officer.Oracle has grown in part through steady acquisitions of software companies, the biggest of which was $9.3 billion for Netsuite in 2016.In May 2016, Ellison pledged $200 million to the University of Southern California for a cancer treatment center.In 2012, Ellison spent a reported $300 million to buy nearly all of Hawaiian island Lanai; he backed a hydroponic farming startup there in 2018. Ellison joined Tesla's board in December 2018, after purchasing 3 million Tesla shares earlier that year.Ellison never finished college. He started out building databases for the CIA.Daughter Megan has financed films such as Zero Dark Thirty and American Hustle; son David produced mainstream movies like The Terminator and Mission: Impossible.
After facing another year of criticism for allowing fake news on Facebook, CEO Mark Zuckerberg said his priority in 2019 is tackling social issues.In July 2019, the Federal Trade Commission fined Facebook $5 billion, its largest penalty in history, for violating consumers' privacy.Zuckerberg started Facebook at Harvard in 2004 at the age of 19 for students to match names with photos of classmates.He took Facebook public in May 2012 and still owns about 15% of the stock.In December 2015, Zuckerberg and his wife, Priscilla Chan, pledged to give away 99% of their Facebook stake over their lifetimes.Zuckerberg and his wife, Priscilla Chan, are spending $3 billion in an attempt to end, cure or manage all disease by the year 2100. In January 2019, Mark Zuckerberg purchased $59 million worth of waterfront property on Lake Tahoe in California.
Amancio Ortega is one of the richest men in Europe, and the wealthiest clothing retailer in the world.A pioneer in fast fashion, he cofounded Inditex, known for its Zara fashion chain, with his ex-wife Rosalia Mera (d. 2013) in 1975.He owns about 60% of Madrid-listed Inditex, which has 8 brands, including Massimo Dutti and Pull & Bear, and 7,500 stores around the world. Ortega typically earns more than $400 million in dividends a year.He has invested his dividends primarily into real estate in Madrid, Barcelona, London, Chicago, Miami and New York. Ortega first began his career manufacturing textiles through a small family company in 1963.
Steve Ballmer is the high-wattage former CEO of Microsoft, who led the company from 2000 to 2014.He joined Microsoft in 1980 as employee No. 30 after dropping out of Stanford's MBA program.Ballmer oversaw Microsoft at a difficult time, after the first dot.com crash and through efforts to catch Google in search and Apple in mobile phones.The same year he retired from Microsoft he bought the NBA's Los Angeles Clippers for $2 billion.He has ramped up his philanthropy since 2014, putting over $2 billion into a donor-advised fund, with a focus on lifting Americans out of poverty.In 2018, he invested $59 million in Social Solutions, which makes software for nonprofits and government agencies.Ballmer and Microsoft cofounder Bill Gates were classmates at Harvard.Ballmer created a website called USAFacts.org for people to look up and understand where the government is spending money.
Jim Walton is the youngest son of Walmart founder Sam Walton.He gave away $1.2 billion in Walmart stock in June 2019, but remains the richest Walton in part thanks to an estimated 44% stake in Arvest Bank.Jim sat on Walmart's board for more than a decade before yielding the seat to his son, Steuart, in June 2016.Collectively, he and other heirs of Sam Walton own about half of Walmart's stock. Jim and sister Alice are spearheading a program that will issue $300 million in bonds to help charter schools invest in facilities. Jim Walton majored in business administration at the University of Arkansas. His dad wrote in his autobiography that Jim is "almost as tight with a dollar as I am."
Alice Walton is the only daughter of Walmart founder Sam Walton. She has focused on curating art, rather than working for Walmart like her siblings, Rob and Jim.In 2011 she opened the Crystal Bridges Museum of American Art in her hometown, Bentonville, Arkansas.Crystal Bridges features works from the likes of Andy Warhol, Norman Rockwell and Mark Rothko.She and brother Jim are spearheading a program that will issue $300 million in bonds to help charter schools invest in facilities.After graduating from Trinity College in 1971, Walton briefly worked for Walmart as a buyer of children's clothes.Her collecting career began when she was 11 and bought a 25-cent print of Picasso's "Blue Nude."
Rob Walton is the eldest son of Walmart founder Sam Walton.He took over as Walmart's chairman upon his father's death in 1992.Walton retired as chairman in June 2015 and was replaced by his son-in-law, Greg Penner. He still sits on Walmart's board. He and other heirs of Sam Walton collectively own about half of Walmart's stock.After a deadly mass shooting at one of its stores, Walmart said in September 2019 it would limit ammunition sales and discourage 'open carry' of guns.Rob Walton, who has a law degree from Columbia University, helped Walmart prepare for its IPO in 1970. He sits on the board of the Walton Family Foundation, which was set up by his parents, Sam and Helen Walton, on Walmart's 25th anniversary in 1987.
Larry Page stepped down as CEO of Alphabet, the parent of Google, in December 2019 but continues as board member and a controlling shareholder.He cofounded Google in 1998 with fellow Stanford Ph.D. student Sergey Brin.With Brin, Page invented Google's PageRank algorithm, which powers the search engine.
Page was CEO until 2001, when Eric Schmidt took over, and then from 2011 until 2015, when he became CEO Google's new parent company Alphabet.
He is a founding investor in space exploration company Planetary Resources and is also funding "flying car" startups Kitty Hawk and Opener.
Page has avoided public appearances since Sundar Pichai became Google's CEO, including Alphabet's 2019 shareholders meeting - much to investors' chagrin. Page is a clean energy advocate; his Palo Alto home uses fuel cells and geothermal energy.
Mexico's richest man, Carlos Slim Helu and his family control America Movil, Latin America's biggest mobile telecom firm.With foreign telecom partners, Slim bought a stake in Telmex, Mexico's only phone company, in 1990. Telmex is now part of America Movil.He also owns stakes in Mexican construction, consumer goods, mining and real estate companies and 17% of The New York Times.His son-in-law Fernando Romero designed the Soumaya Museum in Mexico City, home to Slim's extensive, eclectic art collection.Every Sunday his father would give Carlos a 5-peso allowance, requiring him to record his purchases in a ledger.Before going into business, Slim taught algebra at UNAM, a university in Mexico City.
Michael Bloomberg cofounded financial information and media company Bloomberg LP in 1981.He put in the seed funding for the company and now owns 88% of the business, which has estimated revenues of $10 billion.After earning his M.B.A. from Harvard, Bloomberg got a job in 1966 in "The Cage" at Salomon Brothers, where he counted out securities by hand.He worked his way up to general partner but was fired in 1981 after 15 years at Salomon.An active philanthropist, he has donated $8 billion to gun control, climate change and other causes.The mayor of New York City for 12 years, Bloomberg is one of just four individuals to have served that long.In November 2018, Bloomberg pledged $1.8 billion to Johns Hopkins University, his undergraduate alma mater, adding to $1.5 billion he had already given the school.As a teenager, Bloomberg worked at an electronics company in Cambridge, MA.
Sergey Brin stepped down as president of Alphabet, parent company of Google, in December 2019 but remains a controller shareholder and a board member.He cofounded Google with Larry Page in 1998 after the two met at Stanford University while studying for advanced degrees in computer science.Google went public in 2004 and changed its name to Alphabet in 2015. Brin has been absent from public Alphabet events for much of 2019; he spends his time on Alphabet's moonshot research lab X.Brin is reportedly funding a high-tech airship project. The richest immigrant in America, Brin has been an outspoken critic of Trump's immigration ban. Brin moved to the U.S. from Russia when he was 6 years old in the wake of anti-Semitism against his family.
Francoise Bettencourt Meyers is the richest woman in the world and the granddaughter of L'Oreal's founder.Bettencourt Meyers and her family own 33% of L'Oreal stock, which recorded its best sales growth in more than a decade in 2019.She has served on L'Oreal's board since 1997 and is chairwoman of the family holding company.Togther, L'Oreal and the Bettencourt Meyers family agreed to donate $226 million to repair Notre Dame cathedral following the April 2019 fire.She became France's reigning L'Oreal Heiress in 2017 when her mother Liliane Bettencourt, then the world's richest woman, died at age 94.Bettencourt Meyers serves as the president of her family's philanthropic foundation, which encourages French progress in the sciences and arts.Her inheritance was the subject of a sensational trial in France, in which a man was convicted of manipulating her ailing mother for her fortune.She is also a writer and has authored a book on the Greek gods and another with commentary on the Bible.
Ma Huateng (also known as Pony Ma) chairs Chinese Internet giant Tencent Holdings, which ranks among the nation's largest businesses by market cap.Tencent's popular social messaging app WeChat has more than 1 billion users.The group listed its music-streaming subsidiary, Tencent Music, on the New York Stock Exchange in December 2018.In contrast to his outgoing rival at Alibaba, Ma has a low-profile style that befits his engineering background.Ma cofounded Tencent in 1998. Tencent has minority stakes in electric car maker Tesla, music-streaming service Spotify, and Snapchat's parent company Snap Inc.Tencent is one of the largest videogame publishers in the world.
A former English teacher, Jack Ma cofounded Alibaba Group, one of the world's largest e-commerce businesses.In September 2019, Jack Ma stepped down as Alibaba's executive chairman; he is succeeded by CEO Daniel Zhang. Its 2014 IPO in New York set a record as the world's biggest public stock offering, raising $25 billion.Ma's investments beyond Alibaba include stakes in Chinese entertainment industry firms Huayi Brothers and Beijing Enlight Media.Ma owns a vineyard in France.Ma is a fan of martial arts and has sparred against Jet Li and others in a short promotional film.
Charles Koch has been chairman and CEO of Koch Industries, America's second largest private company by revenue, since 1967.The diversified company has some $110 billion in revenues from businesses including pipelines, chemicals, Dixie cups, and Stainmaster carpet.His father, Fred Koch, improved a method of refining heavy oil into gasoline in 1927 and started the family business in 1940.The Kansas native owns a 42% stake in the firm, as did his brother David, who died in August 2019. In 1983 Charles and David bought their two other brothers' stakes in Koch Industries.His son Chase heads the company's venture capital arm, which has invested in hybrid cloud firm Mesosphere and 3D metal printing startup Desktop Metal.Three Koch brothers (Charles, David and Bill) went to MIT; the trio were in the Beta Theta Pi fraternity and David and Charles played on the same club rugby team. Koch has given away more than $1 billion to nonprofits, with a focus on criminal justice reform and education.
Julia Koch and her three children inherited a 42% stake in Koch Industries from her husband, David, who died in August 2019 at age 79. An Iowa native, Koch moved to New York City in the 1980s and worked as an assistant to fashion designer Adolfo.She worked with many of his high-profile clients, including First Lady Nancy Reagan.Julia met David via a blind date in 1991; they ran into each other again six months later, began dating and got married in 1996.With her husband, she has donated $10 million to Mount Sinai Medical Center and $10 million to Stanford's Children's Hospital to study food allergies.
Mukesh Ambani chairs and runs $88 billion (revenue) oil and gas giant Reliance Industries, among India's most valuable companies.Reliance was founded by his late father Dhirubhai Ambani, a yarn trader, in 1966 as a small textile manufacturer.After his father's death in 2002, Ambani and his younger sibling Anil divvied up the family empire.In 2016, Reliance sparked a price war in India's hyper-competitive telecom market with the launch of 4G phone service Jio.Jio has signed on more than 340 million customers by offering free domestic voice calls, dirt-cheap data services and virtually free smartphones.Reliance owns Network18, a licensee of Forbes Media.Ambani's U.S.-educated daughter Isha's marriage to fellow billionaire Ajay Piramal's son in December 2018, drew 10,000 guests, including Hillary Clinton.
MacKenzie Bezos is the ex-wife of Amazon founder Jeff Bezos, to whom she was married for 25 years. They divorced in mid 2019. As part of the divorce settlement, Jeff transferred 25% of his Amazon stake to MacKenzie, which was 4% of the company.In May 2019, shortly after she announced the terms of the divorce on Twitter, she signed the Giving Pledge.
MacKenzie and Jeff met in 1992 when they both worked at hedge fund D.E. Shaw. They married the next year and moved to Seattle in 1994. Bezos, who has published two novels, was a student of author Toni Morrison at Princeton and worked as a research assistant for her. In 2014, she founded Bystander Revolution, an anti-bullying organization.
Heirs to the Aldi retail fortune, Beate Heister and Karl Albrecht Jr. are the children of Karl Albrecht Sr., who died in July 2014 at age 94. After World War II, Karl Sr. and his brother, Theo Sr., who died in 2010 at age 88, took over their family's corner grocery store in Essen, Germany.Propagating the discount revolution in German retailing, they built their Aldi supermarket chain based on a low-price strategy similar to Wal-Mart.In 1961, the brothers split ownership: Karl Sr. took the stores in southern Germany, plus rights to the Aldi brand in the U.K., Australia and the U.S.Theo Sr. got the stores in northern Germany and the rest of Europe. In 1971, he bought U.S. grocery chain Trader Joe's.Beate Heister has never worked at Aldi Sued (South), but her son Peter Max Heister heads the advisory board. Son Christian also serves on the board.Karl Jr., who has no children, worked different positions at the company but withdrew from his duties after a cancer diagnosis.
David Thomson and his family control a media and publishing empire founded by his grandfather Roy Thomson.The family's biggest holding: more than 320 million shares of Thomson Reuters, where Thomson serves as chairman.In 2018, Thomson Reuters announced it was selling a controlling stake in Refinitiv, a financial data provider, to Blackstone for $17 billion.The family also holds a stake in telecom giant Bell Canada and own the Toronto-based Globe and Mail newspaper.Thomson has a diverse art portfolio reported to include pieces from Pablo Picasso and the world's top collection of English romantic painter John Constable. He is a part owner of the NHL's Winnipeg Jets, and his family's holding company has a minority stake in the Montreal Canadiens.
Franois Pinault is honorary chairman of luxury group Kering, which owns fashion brands Saint Laurent, Alexander McQueen and Gucci,Pinault founded Kering, which started as a wood and building materials company, in 1963.In 1999, Pinault changed the direction of the business towards luxury goods when he bought a controlling stake in Gucci Group.The $15 billion (estimated sales) company, which also owns watch brand Girard-Perregaux, is run by Pinault's son, Franois-Henri.Pinault and his family own iconic auction house Christie's, plus a 3,000-piece art collection with works by Picasso, Mondrian and Koons.The family gave $109 million to the rebuilding of Notre Dame cathedral following the April 2019 fire.Pinault and his family also own several vineyards, a French soccer club, a theater in Paris and a luxury yacht and expedition company.Pinault's son Francois-Henri is married to actress Salma Hayek.
Phil Knight, founder of shoe giant Nike, retired as chairman in June 2016 after 52 years at the company.Knight ran track at the University of Oregon and created Nike shoes with his former track coach, Bill Bowerman. In 1964, they each put up $500 to start a company then called Blue Ribbon Sports.Nike had 2018 revenues of $36.4 billion with 73,100 offices in 52 countries.Knight has pledged over $500 million in donations to both the University of Oregon and Stanford's Graduate School of Business, his alma maters.Before cofounding Nike, Knight sold Japanese running shoes from the trunk of his car.Knight paid a Portland State University student $35 to design Nike's iconic "Swoosh" logo.
Sheldon Adelson is the CEO and chairman of casino company Las Vegas Sands.He owns more than half of the $14 billion (sales) gambling empire, which has casinos in Las Vegas, Singapore and Macao, China.Adelson is currently being treated for cancer (non-Hodgkin's lymphoma), but he's still able to fulfill his executive duties. He didn't get into the casino business until age 55 in 1989, when he and partners bought the Sands Hotel & Casino in Las Vegas for $128 million.Adelson is a big donor to Jewish organizations and has given $410 million to Birthright, which funds trips to Israel for young Jewish adults.A big President Trump supporter, Adelson and his wife donated $123 million to Republican campaigns and political action committees in 2018. The son of immigrants from Lithuania and Wales, Adelson grew up sleeping on the floor of a Boston tenement.At age 12, Adelson borrowed $200 from his uncle to buy the rights to sell newspapers on a Boston street corner.Adelson made his first fortune organizing a computer trade show, Comdex, which he sold to Softbank in 1995 for some $862 million.
Elon Musk is working to revolutionize transportation both on Earth and in space.His automaker, Tesla Inc., which was founded in 2003, is bringing fully-electric vehicles to the mass market.He settled with the SEC in September 2018 for making alleged "false statements" about a plan to take Tesla private, and had to step down as chairman.SpaceX, Musk's rocket company, is now valued at more than $20 billion. He grew up in South Africa, then immigrated to Canada at age 17. He landed in the US as a transfer student at the University of Pennsylvania.Musk was accepted to a graduate program at Stanford, but deferred attendance to launch his first business, software company Zip2.As a kid Musk taught himself to code; he sold his first game, Blastar, for about $500.
Lee Shau Kee grew up in a poor family that could afford to eat fish or meat only twice a month.He cofounded property developer Sun Hung Kai with Kwok Tak-Seng, father of Hong Kong's billionaire Kwok brothers.He started Henderson Land Development in 1976; the property giant now makes up the bulk of his wealth.A dedicated philanthropist, he's donated more than $400 million toward education over the years.
Michael Dell is the chairman and CEO of Dell Technologies, which was formed in 2016 when Dell merged with computer storage giant EMC.The estimated $60 billion Dell-EMC merger, which was finalized in 2016, was the largest technology acquisition ever.In late 2018 Dell Technologies returned to public markets through a complicated financial restructuring.Much of Dell's fortune lies in his private investment firm MSD Capital, which has stakes in hotels and restaurants.In May 2017 Dell donated $1 billion to his foundation, which focuses on child poverty; it makes both impact investments and charitable donations.Dell got his start at 19 selling computers out of his University of Texas dorm room, grossing $80,000 by the end of his freshman year. Dell's MSD Capital owns the Four Seasons Maui, plus indirect stakes in Applebees, IHOP, Calvin Klein and reportedly Grand Central Station.
Jacqueline Mars owns an estimated one third of Mars, the world's largest candymaker, founded by her grandfather.She worked for the company for nearly 20 years and served on the board until 2016.Her son Stephen Badger is chairman of Mars' board of directors. A well-known philanthropist, she serves on six boards including at the Smithsonian and the National Archives.Her brother John owns one third of Mars; her late brother Forrest Jr's. four daughters own the rest.Mars owns a horse farm in Virginia that has trained horses ridden by Olympic medalists.Mars was founded in 1911 by Jacqueline's grandfather, Frank, who, along with her father Forrest Sr., invented the Milky Way bar in 1923.
John and his siblings Jacqueline and Forrest Jr. (died July 2016) inherited stakes in the candy firm Mars Inc. when their father died in 1999.He and Jacqueline each own one third of the company. His late brother Forrest Jr.'s four daughters own the rest. The $35 billion (sales) candy company was founded by John's grandfather, Frank, in 1911.Mars is also a big name in pet care, with brands including Pedigree and Whiskas, as well as food like Uncle Ben's rice.John and his wife, Adrienne, are noted supporters of the Smithsonian Institution in Washington, D.C.The company's first big hit was the Milky Way candy bar, introduced in 1923.
Giovanni Ferrero is executive chairman of his family's namesake confections business. The firm is best known for its iconic Nutella chocolate-hazelnut spread, Kinder chocolates and Tic Tac mints.Giovanni served as co-CEO with his brother, Pietro, who died of a heart attack in 2011.In 2017 he stepped down as CEO but stayed on as executive chairman to focus on corporate strategy.In January 2018 he inked a deal with Nestle to acquire the company's entire U.S. confections business for $2.8 billion.Ferrero is a novelist who has published eight books.Ferrero is married to Paola Rossi, an official at the European Commission.
Nicknamed Superman, Li Ka-shing is revered as one of the most influential businessmen in Asia.Li retired as chairman of CK Hutchison Holdings and CK Asset Holdings in May 2018 but remains Senior Advisor.At the announcement of his retirement, Li joked that he'd been "working for a long time, too long."His son Victor now heads the conglomerate, which has more than 300,000 employees and operates in more than 50 nations.Li started Cheung Kong plastics, named after the Yangtze River, in 1950 at age 21 with $6,500 in savings and loans from relatives. His Li Ka Shing Foundation has donated more than $3.3 billion; over 80% has gone to Greater China. Li says it took him five minutes in December 2007 to decide to invest in Facebook, even though it barely had any revenues. He also invested in Siri and Spotify.At age 12, Li fled China with his family. Two years later his father, who had been a primary school principal in China but then worked at a watch factory, died.
Hui Ka Yan is chairman of Hong Kong-listed Evergrande Group, one of China's biggest real estate developers.Evergrande, which Hui took public in 2009, has over 800 projects in more than 280 cities. Hui worked as a technician in a steel factory for 10 years after graduating college in 1982.Hui started Evergrande in Guangzhou in 1996 and began picking up low price properties in small markets. Its first project was Jinbi Garden.Hui's son Xu Zhijian, who holds an MBA from prestigious Tsinghua University, is a vice president at Evergrande. Evergrande owns the majority of Guangzhou Evergrande, one of China's most winning soccer teams.
Yang Huiyan owns 57% of real estate developer Country Garden Holdings, a stake largely transferred to her by her father Yeung Kwok Keung in 2007.Yang's younger sister Ziyang also sits on Country Garden's board.Yang chairs Bright Scholar Education Holdings, a Chinese education company that went public on the New York Stock Exchange in 2007.Yang's aunt, Yang Meirong, holds a stake in Bright Scholar and was a member of the 2017 Forbes China Rich List. Yang holds a degree from Ohio State University.
Jim Simons is the founder of Renaissance Technologies, an esteemed quantitative trading hedge fund firm that manages $68 billion. He founded Renaissance Technologies in 1982 and retired in 2010, but he still plays a role at Renaissance and benefits from its funds. Renaissance Technologies is famous for its Medallion Fund, a $10 billion black-box strategy that is only open to Renaissance's owners and employees.Simons has given $2.7 billion to philanthropic causes. His foundation is the primary funder of Math For America. He also supports autism research. Simons used to chair the math department at Stony Brook University and was a codebreaker for the U.S. during the Vietnam War.
Entrepreneur He Xiangjian built Midea Group into one of the world's largest appliance makers.He stepped down from its operations in 2012.In 1968 he led a group of 23 local residents from the town of Beijiao in Guangdong Province to form a lid production workshop that became Midea. Midea has more than 200 subsidiaries, including Germany-based robotics firm Kuka.His son He Jianfeng is a director of Midea Group and Midea Real Estate Holding.
Vladimir Potanin acquired a stake in Norilsk Nickel during Russia's privatization in 1995; today he owns just over a third.Potanin used government contacts to cofound Onexim Bank, which controlled industrial behemoths, in 1993. The oligarch formerly owned interests in insurance, media, agriculture, engineering and oil.Today he has stakes in pharmaceutical company Petrovax Pharm and ski resort Rosa Khutor near Sochi.Potanin partnered with fellow billionaire Mikhail Prokhorov in Onexim Bank and other ventures, but they split after a falling out.Potanin served as deputy prime minister under Boris Yeltsin and maintains ties with President Vladimir Putin.
Joseph Safra, a descendant of a banking family from Syria, is the world's richest banker. In Brazil he owns Banco Safra, the country's 8th largest bank, while in Switzerland he owns J. Safra Sarasin, a bank created in a merger in 2013.His oldest son, Jacob, is responsible for J. Safra Sarasin, Safra National Bank of New York and real estate holdings across the U.S. His son David manages Banco Safra in Brazil; his son Alberto left the bank's board of directors in October 2019.He also owns 50% of banana grower Chiquita Brands International; the other 50% is owned by Brazilian orange juice billionaire Jose Cutrale.His brother Moise Safra, a billionaire, lived in Brazil and died in 2014. The two had been partners until Jacob bought Moise's stake in Banco Safra in 2006. His brother Edmond Safra, a billionaire banker, died in 1999 in a fire in his apartment in Monaco; his male nurse later admitted he was guilty.
Dieter Schwarz's Schwarz Group, with revenue exceeding $100 billion, is comprised of the Kaufland and Lidl (rhymes with needle) store chains.Schwarz inherited the company from his father, Josef, who became a partner in Suedfruechte Grosshandel Lidl & Co., a fruit wholesaler, in 1930.Dieter opened the first Lidl store in 1973, became CEO in 1977 when Josef died, and built Lidl into Germany's second-biggest discounter behind Aldi.Lidl entered the U.S. in 2017, promising to convince consumers to "Rethink Grocery." Its stores are mostly in Virginia and North and South Carolina.Schwarz Group is owned by a foundation, technically a limited liability company, but Dieter maintains full control and is the effective owner.The Dieter Schwarz Foundation supports education and daycare facilities for children, as well as science and research projects.A decidedly private person who shuns all publicity, Schwarz has been married for more than 50 years and has two daughters.
Yanai built and runs Tokyo-listed retail clothing empire Fast Retailing, parent of the Uniqlo chain. He and his family own a 44% stake. Fast Retailing also owns two other chains: J Brand and Theory. The company reported net profit of $2.3 billion for fiscal year ended August 2019 on revenue of $21.3 billionYanai resigned as an independent director from the board of SoftBank Group after 18 years, in December 2019.Yanai wants his company to become the world's largest retailer, which means it would have to surpass H&M and Inditex (parent of Zara). Yanai grew up living above his parents' clothing store in a small town in Yamaguchi Prefecture in southwestern Japan. Yanai declared English as the company language at Fast Retailing.
Vladimir Lisin is chairman of NLMK Group, a leading manufacturer of steel products.Lisin started out as an electrical fitter in a coal mine in Siberia and then worked as a steelworker in Central Russia.He later managed factories for a group of traders called Trans-World Group.When the partners went their separate ways in 2000, he got a majority stake in Novolipetsk steel mill.Lisin also controls Universal Cargo Logistics Holding, which owns railway operator Freight One as well as some ports and shipping companies.Lisin built one of Europe's largest shooting-range complexes in Lisya Nora, near Moscow.Lisin is president of the International Sport Shooting Federation.
William Ding is the CEO of Netease, one of the world's largest online and mobile games businesses. Netease's business partners include Mojang, a subsidiary of Microsoft, and Blizzard.Netease, facing tough competition in games from Chinese rival Tencent, expanded into movies, online music and e-commerce.Ding was China's richest man and its first Internet and gaming billionaire back in 2003. Ding holds a B.S. degree in communication technology from the University of Electronic Science and Technology of China.
Qin Yinglin, chairman of China's Muyuan Foodstuff, made his fortune as the country's largest pig breeder in the world's biggest pork market.Qin was born in Neixiang County in Henan, China's most populous province.He graduated from Henan Agricultural University with a major in animal husbandry and started his own business with 22 pigs.
Colin Huang, who also goes by Huang Zheng, is chairman and CEO of online discounter Pinduoduo, one of China's largest e-commerce sites.Pinduoduo raised $1.6 billion in a U.S. IPO in July 2018 amid criticism over its alleged sale of fakes.A serial entrepreneur, Huang earlier founded online game company Xinyoudi and online e-commerce platform Ouku.com.Huang interned at Microsoft in both Beijing and Seattle before starting his career at Google in the U.S. in 2004.Huang holds a master's degree from the Unversity of Wisconsin at Madison, where he majored in computer science.
Ray Dalio is the founder of the world's biggest hedge fund firm, Bridgewater Associates, which manages $160 billion.Working to make sure Bridgewater survives him, Dalio moved in 2018 to turn Bridgewater into a partnership and give employees more of a stake in the firm. Dalio grew up in a middle class Long Island neighborhood and started playing the markets at age 12, getting tips from golfers for whom he caddied.In 1975, after earning an MBA from Harvard Business School, he launched Bridgewater from his two-bedroom New York City apartment.Ray Dalio has given more than $760 million to philanthropic causes. His Dalio Foundation has supported microfinance and inner-city education.In 2017, Dalio published "Principles: Life & Work," a book that codifies his principles. Bridgewater is known for its culture of "radical transparency," including encouraging dissent, openly airing disagreements, and recording all meetings.
Vision visionary Leonardo Del Vecchio founded eyewear giant Luxottica in 1961, at the age 25.Over the years, Luxottica acquired Sunglass Hut, Ray-Ban and Oakley and grew to make glasses for virtually every brand, including Bulgari and Chanel.In 2018 Luxottica merged with French lens maker Essilor, creating the world's largest producer and retailer of sunglasses and prescription glasses.Del Vecchio was sent to an orphanage at age 7 because his widowed mother could not afford to support her 5 children.He began apprenticing at a car and eyewear parts factory at age 14 to put himself through design school before striking out on his own a decade later.Del Vecchio's father peddled vegetables on the streets of Milan and died before he was born.His son, Claudio, owns the storied men's retailer Brooks Brothers.
Leonid Mikhelson is the founder and chairman of natural gas producer Novatek. In 2017 he bought a 17% stake in petrochemical company Sibur from Kirill Shamalov, Putin's reported former son-in-law, increasing his stake to 48%. His partner in both Novatek and Sibur is Gennady Timchenko, a billionaire who is said to have close ties to President Vladimir Putin.Mikhelson began his career as a foreman for a construction company building a gas pipeline in Russia's Tyumen region.An avid art collector, Mikhelson has sponsored museum exhibits in Russia and the U.S through a fund named after his daughter.
Lukas Walton is the grandson of Walmart founder Sam Walton.He inherited his fortune when his father, John Walton, died in a 2005 plane crash.He received about one-third of his father's estate; his mother, Christy Walton, got about one-sixth.He owns stakes in Walmart, First Solar and Arvest Bank, though he does not work for the companies.Walton has donated at least $149 million to his family's namesake foundation, where he chairs the environment program committee.Walton battled cancer as a child. His mother has reportedly claimed that an all-organic diet eliminated his tumor.Walton studied environmentally sustainable business at Colorado College and is now an investor in eco-friendly funds.
Alain Wertheimer is the chairman of Chanel, the French luxury brand.He owns the company with this brother Gerard, who oversees the watch division.His grandfather Pierre Wertheimer founded it with Gabrielle (Coco) Chanel, the company's namesake.Karl Lagerfeld, the public face of Chanel, died in February 2019 at the age of 85. He was the creative director for Chanel for over 35 years. Alain and Gerard breed and race thoroughbreds. Their horses have won races at the French Derby and the Breeders' Cup Turf in the U.S.Alain and his brother own vineyards in France and Napa Valley, California.
Gerard Wertheimer and his brother Alain own French luxury brand Chanel.Gerard heads the company's watch division and lives in Switzerland.His grandfather, Pierre, partnered with Gabrielle (Coco) Chanel, the company's namesake, in the 1920s.Gerard and his brother own vineyards in France and Napa Valley, California.Gerard and Alain breed and race thoroughbreds.Gerard and Alain own farms in France and Kentucky.
Alexey Mordashov, a majority shareholder in steel company Severstal, resigned as CEO in 2015 after 19 years in the role. A year earlier, he sold all of Severstal's North American units to focus on the Russian business. He also owns almost 25% of TUI Group, one of the biggest travel and tourism companies in the world.His Russian power equipment producer, Power Machines, which has a joint venture with Siemens, was hit by the U.S. sanctions in 2018.The son of mill workers, Mordashov rose to become the finance director of a steel mill. When the plant's elderly director instructed him to acquire shares to keep them from an outsider, Mordashov kept most of them for himself. Mordashov is a council member at the Bolshoi Theatre.
Born in Ukraine, raised north of Moscow, Len Blavatnik emigrated to the U.S. in 1978 for school; he studied computer science at Columbia University.He made a fortune selling his stake in Russian oil company TNK-BP for $7 billion in 2013.He purchased Warner Music in 2011 for $3.3 billion.His investment firm Access Industries holds stakes in chemicals firm LyondellBasell, e-commerce firm Rocket Internet and fashion label Tory Burch.Blavatnik says he has given or pledged over $700 million to philanthropy, mostly to universities, including Oxford, Stanford and Harvard. He is a dual citizen of the U.S. and the U.K.The Blavatniks have given to both political parties in the U.S., from Trump's inaugural committee to Pete Buttigeg's presidential campaign.Blavatnik bought artist Damien Hirst's giant gilded wooly mammoth skeleton entitled "Gone (but) Not Forgotten" for $15 million in 2014.Blavatnik has been a producer on several Broadway shows including "The Front Page" and "Sunset Boulevard."
Susanne Klatten owns 19.2% of automaker BMW; her brother, Stefan Quandt, owns 23.7%.Their late mother, Johanna, was the third wife of legendary industrialist Herbert Quandt, who guided BMW to preeminence in the luxury market.An economist with an M.B.A., Klatten helped transform her grandfather's Altana AG into a world-class pharmaceutical/specialty chemical corporation.Klatten is the sole owner and deputy chairman of Altana, which pulls in more than $2.5 billion in annual sales. She also holds stakes in wind power outfit Nordex AG and carbon and graphite producer SGL Group.Klatten is founder of an innovation center at Technical University of Munich, UnternehmerTUM, which claims to be the leading center for business creation in Germany.Her grandfather Guenther Quandt was a Nazi-era industrialist whose ex-wife married Joseph Goebbels.
Takemitsu Takizaki is the founder of Keyence, a supplier of sensors and electronic components for factory automation systems.He stepped down as chairman in March 2015 but remains on the board of directors and is honorary chairman.Sales to customers outside of Japan have grown steadily and account for more than 50% of revenue.Customers include autoparts makers, electronics firms and food packagers. Takizaki owns a nearly 23% stake in the Tokyo-listed company.
Donald Bren is the United States' richest real estate baron.His Irvine Co. owns over 115 million square feet of real estate, mostly in Southern California.His empire includes 550 office buildings and 125 apartment complexes. Bren owns a 97% stake in Manhattan's MetLife Building.Bren attended the University of Washington on a skiing scholarship and spent three years in the U.S. Marine Corps.The son of a real estate investor, Bren worked as a carpenter's helper on his father's buildings.
A former Caspian Sea oil rig worker, Vagit Alekperov became a deputy minister overseeing the oil industry in the Soviet Union. In 1991 he took three large ministry-controlled oil fields and set up Lukoil, now Russia's largest independent oil company. Lukoil, of which he owns nearly a quarter, was hit by U.S. sanctions in September 2014.Lukoil is the third largest company in Russia after state companies Sberbank and Rosneft.With partner Leonid Fedun, Alekperov owns Dutch shipyard Heesen Yachts, where his 230-foot yacht Galactica Super Nova was built in 2016.Alekperov penned a book called "Oil of Russia: Past, Present and Future." Alekperov, who collects old coins, opened the Numezmatic Museum in Moscow where his collection is exhibited.
Powell Jobs inherited billions of dollars of stock in Apple and Disney from her late husband, Apple cofounder Steve Jobs.In 2017, she bought a minority stake in the parent of the NBA's Washington Wizards and the NHL's Washington Capitals.She's also purchased stakes in several media outlets, including a majority of The Atlantic magazine and all of California Sunday and Popup Magazine.She has been putting her fortune to work through Emerson Collective, a hybrid investment, social impact and philanthropic firm she founded in 2004.She launched the Emerson Collective Foundation during the second half of 2016 with a gift of $1.2 billion, much of it in Disney shares.Laurene Powell Jobs met her late husband Steve Jobs at Stanford U's business school when she attended a guest lecture he gave. He asked her out in the parking lot.
Red Bull billionaire Dietrich Mateschitz cofounded the ubiquitous energy drink in 1987 with Thai businessman Chaleo Yoovidhya (d. 2012).Before Red Bull, Mateschitz was a marketing executive for German consumer products company Blendax, known for its eponymous shampoos.He decided to go into the energy drink market after tasting Krating Daeng, another drink concocted by Yoovidhya.The two partnered to create Red Bull and aggressively invested in marketing to make the brand synonymous with extreme feats.More than 6.3 billion cans of Red Bull were sold worldwide in 2017, enough to provide caffeine to more than 80% of the planet.Red Bull sponsored Austrian skydiver Felix Baumgartner's 120,000-foot skydive from the edge of space in October 2012.Baumgartner reportedly became the first skydiver to break the sound barrier, with a maximum velocity of 833.9 mph.
In 2017 Joseph Lau said he's transferred most of his wealth to his new wife and a son, citing serious health issues.In November 2016 he took out full-page newspaper ads announcing his split with a former girlfriend and the mother of two of his children.An avid art collector, he boasts pieces from Warhol, Gauguin and Hockney worth at least $1 billion.He became a billionaire in 2006 and his brother Thomas is also a billionaire.Lau purchased a 12-carat blue diamond for a record-breaking $49 million in November 2015.Lau was sentenced to 5 years in prison by a Macau court for bribery and money laundering in 2014, but he can't be extradited to Macau and hasn't spent a day in jail.
Theo Albrecht Jr. and the heirs of his brother, Berthold, inherited one of the world's great retail fortunes. From a corner grocery store in Essen, opened in 1913, their father, Theo Sr., and his brother, Karl Sr., built their empire after World War II.Propagating the discount revolution in German retailing, they ran their Aldi supermarket chain based on a low-price strategy similar to Wal-Mart.In 1961, the brothers split ownership: Karl Sr. took the stores in southern Germany, plus rights to the Aldi brand in the U.K., Australia and the U.S.Theo Sr. got the stores in northern Germany and the rest of Europe. In 1971, he bought U.S. grocery discounter Trader Joe's. Little is known about the personal lives of family members. Theo Jr. sits on the board of the family foundation.His mother, Cecilie, died in November 2018 at age 92.
Zhang Yiming chairs Beijing ByteDance, one of China's largest media content platforms. The privately held company raised fresh investment funds at a valuation of $75 billion in 2018.ByteDance is most known for its news app Toutiao and social video app TikTok. Its shareholders include Sequoia Capital China.Zhang was a member of the 2013 Forbes China 30 Under 30 List.
Wang Wei chairs S. F. Holding, a package delivery service known as the "Fedex of China"; it's also called SF Express.In March 2018, the company obtained China's first license for drone deliveries. S.F. was founded in the city of Shunde in Guangdong Province in 1993; Wang owns just over 60% of the shares.Wang took the package delivery firm public through a reverse merger on the Shenzhen Stock Exchange in early 2017.
Lee Man Tat is chairman of LKK Group, the parent of Lee Kum Kee, the world's largest maker of oyster sauce. He has assumed an advisory role. Son Charlie runs LKK's day-to-day operations and other children - Eddy, David, and Elizabeth - are also involved.The younger Lee now oversees an extensive distribution network in more than 100 countries that's supported by five factories.Another son, Sammy, heads LKK Health Products, the group's Chinese herbal-health-products arm. In August 2017, the family expanded into Europe with the $1.7 billion acquisition of a skyscraper known as the Walkie-Talkie. The family has a history of internal feuds and vicious lawsuits. Lee was taken to court in 1986 by his brother over control of the company. Lee Kum Kee's largest factory is in the family's ancestral home in Guangdong Province, where the secret recipes for the company's more than 200 sauces are kept.
Gennady Timchenko has stakes in various Russian businesses including gas company Novatek and petrochemichal producer Sibur Holding.One of the most powerful people in Russia, Timchenko has close ties to President Vladimir Putin and, as a result, faced U.S. sanctions in 2014.He remains chairman of the Russian national hockey league KHL and is president of the SKA Saint-Petersburg Hockey Club.Timchenko sells bottled water and grows apples in Russia.Timchenko sold his stake in trading company Gunvor to partner Torbjorn Tornqvist in 2014, a day before he was hit with sanctions.
The Czech Republic's richest man, Petr Kellner got his start in the early 1990's selling office supplies. He then started an investment fund which he used to buy a controlling stake in the biggest Czech insurer during its privatization. Kellner's PFF Group is the controlling shareholder in Home Credit, a large consumer finance firm that operates in 10 countries. His other assets include a stake in listed telecom firm O2 Czech Republic, PPF Bank and commercial real estate holdings. His family foundation endows scholarships for talented students at its Open Gate School as well as world universities. His daughter Anna, who is a member of Prague Lions horse parkour team, hopes to compete at the 2020 Olympic games in Japan.
Murdoch controls a media empire that includes cable channel Fox News, The Times of London and The Wall Street Journal.Murdoch sold most of Fox's movie studio, FX and National Geographic Networks and its stake in Star India to Disney for $71.3 billion in March 2019.Murdoch's son, Lachlan, runs the new Fox, which consists of its broadcast, cable news, business and sports networks. Though several of his companies are known for their conservative tilt, he initially urged Mike Bloomberg to run for president against Donald Trump.A native of Australia, Murdoch inherited a newspaper at age 22 after his father, a former war correspondent, passed away. Murdoch bought The New York Post, his first major U.S. purchase, in 1976; he still owns the tabloid.The thrice-divorced billionaire married former model and Mick Jagger's ex-wife, Jerry Hall, in London in 2016.
A digital trading pioneer, Thomas Peterffy is CEO of Interactive Brokers, which markets its specialized trading platform to sophisticated investors.He founded Interactive Brokers in 1993 after originally starting in market-making.In March 2017, he announced part of his market-making operation would phase out. It had been under attack by faster competitors.Peterffy arrived in America in 1965 at age 21, the penniless descendant of Hungarian aristocrats who lost nearly everything to the Soviets.Peterffy is a major landowner with more than 500,000 acres of timberland, primarily located in Florida, the state where he lives.In high school in Hungary, Peterffy sold contraband Juicy Fruit gum to classmates at a 150% markup.After emigrating to America, Peterffy saved up $200,000 working as an engineer to buy a $36,000 seat on the American Stock Exchange, where he traded options.
The son of a dry goods store owner, Stephen Schwarzman founded private equity firm Blackstone with fellow billionaire Peter Peterson in 1985. Initially a boutique merger-and-acquisition advisory business, Blackstone grew into the world's largest buyout firm, with $545 billion in assets. While Peter Peterson (d. 2018) retired shortly after Blackstone's 2007 IPO, Schwarzman still presides over the business as chairman and CEO.Schwarzman got his start on Wall Street at Lehman Brothers; he writes in his 2019 memoir about mistakes by management at that firm. He started his first business, a lawn-mowing operation, at age 14, employing his younger twin brothers to mow while he brought in the clients.Blackstone is a combination of its founders' names -- "Schwarz" means black in German and Yiddish, while "Peter" means stone in Greek.His Schwarzman Scholars, inspired by the Rhodes Scholarships, sends students from around the world to a one-year master's program at China's Tsinghua University.
Leonard Lauder spent three decades running his family's publicly traded cosmetics giant, Estee Lauder. The eldest son of the eponymous makeup maven, Lauder joined his mother's company in 1958.He created the company's first R&D laboratory and started acquiring brands like MAC, Bobbi Brown and Aveda in the mid-1990s. Lauder stepped down as CEO in 1999 but remains chairman emeritus. He is known around the company as "Chief Teaching Officer".He and his brother, Ronald, co-chair the Alzheimer's Drug Discovery Foundation, which has awarded over $100 million to fund trials in 18 countries.Lauder gifted his massive Cubist art collection, worth more than $1 billion, to the Metropolitan Museum of Art in 2013.In April 2016, the newly designed home of New York City's Whitney Museum of American Art was named in his honor. Lauder is writing his memoir which is slated to hit the shelves in 2020. He will talk about his mother, Este, and his tenure as CEO of the cosmetics giant.
Zhong Huijuan chairs Chinese drugmaker Hansoh Pharmaceutical, which produces oncology, psychoactive, antidiabetic and other drugs. Zhong's husband, Sun Piaoyang, is also a pharmaceuticals billionaire and leads Shanghai-listed Jiangsu Hengrui Medicine.Zhong owns over three quarters of Hansoh Pharmaceutical with their daughter, Sun Yuan. Headquartered in the Chinese coastal city of Lianyungang, Hansoh applied to go public on the Hong Kong Stock Exchange in September 2018.
Masayoshi Son founded and runs SoftBank, a mobile telecom and investment firm with $81 billion in 2017 revenue. SoftBank Group reported a $6.45 billion loss for the September 2019 quarter after the IPO of WeWork collapsed. In December 2016 at Trump Tower, Son promised that SoftBank would lead $50 billion in investments in U.S. companies and create 50,000 jobs.Investors in Son's Vision Fund include Apple, Qualcomm, Foxconn, the family office of billionaire Larry Ellison and Saudi Arabia's sovereign fund.SoftBank acquired struggling U.S. mobile phone carrier Sprint Nextel for $22 billion in 2013.Son spent more than $100 million on a 9-acre estate in Silicon Valley in 2012 with a 9,000 square foot home. Son got his undergraduate degree from UC Berkeley.
Logistics magnate Klaus-Michael Kuehne is Honorary Chairman of Kuehne + Nagel International AG, based in Schindellegi, Switzerland.He joined the company, cofounded by his grandfather, in 1958, eventually taking over as CEO in 1966.In 2016, his Kuehne Holding AG acquired 20% of VTG, a rail logistics company. Two years later, it sold the stake to Morgan Stanley Infrastructure.He also holds a 26% stake in shipping and logistics company Hapag-Lloyd. Kuehne is an only child and has no children. His charitable foundation will manage his wealth upon his death.Despite expressing frustration with the team's performance, Kuehne remains a minority owner of Hamburger SV, which plays in the second tier of pro soccer in Germany.He transformed the 600-year old Castell Son Claret on Mallorca into a luxury hotel, and built another hotel, The Fontenay, in Hamburg.
Steve Cohen oversees Point72 Asset Management, a $13 billion hedge fund firm that restarted managing outside capital in 2018.For years Cohen ran SAC Capital, one of the most successful hedge funds ever. Cohen was forced to shut down SAC Capital after the firm pleaded guilty to insider trading charges that cost Cohen $1.8 billion in penalties. Cohen has given $715 million to philanthropic causes over his lifetime, including causes related to veterans and children's health.The character Bobby Axelrod on Showtime's hit show Billions is based loosely on Cohen.
Wang Jianlin chairs Dalian Wanda Group, which has investments in real estate, finance and movie theaters.Dalian Wanda is one of the world's biggest commercial real estate developers with more than 260 plazas in China.After a buying spree, Wang has been retreating in recent years, selling his Chinese hotel and tourism portfolio for over $9 billion in 2017.In 2018, he sold a stake in Spanish soccer club Atletico de Madrid. He also sold a part of his stake in U.S. movie theater chain AMC.He still owns U.S. film studio Legendary Entertainment and operates one of China's largest movie theater chains.Wang served in the Chinese military from 1970 to 1986 before turning around a government real estate venture and then going into business himself in 1989.Wang previously served as a deputy to the 17th National Congress of the Communist Party of China.
Zhang Zhidong is also known as Tony Zhang. For 16 years until his retirement in September 2014, Zhang was the chief technology officer at Chinese gaming and social media giant Tencent.
Stefan Persson is Sweden's richest person by way of global cheap chic fashion retailer Hennes & Mauritz.Persson owns a 32% stake of H&M and serves as chairman.H&M was founded by Persson's father Erling in 1947.Son Karl-Johan, also a billionaire, is the company's CEO.Persson's two other children, Charlotte Sderstrm and Tom Persson, and his sister Lottie Tham, are also billionaires.Persson personally owns real estate in some of the world's most glamorous shopping districts, spanning New York, London, Rome and Paris
Alisher Usmanov's largest holding is his stake in iron ore and steel giant Metalloinvest.An early Facebook investor, the oligarch also owns stakes in Xiaomi and other telecom, mining and media companies. Usmanov sold his 30% stake in Arsenal Football Club for nearly $700 million in cash in 2018. He made his first fortune producing plastic bags, a commodity so scarce in the former Soviet Union that people washed and reused them.
Usmanov headed Gazprom Investholding, a subsidiary of state-run conglomerate Gazprom, from 2000 to 2014.He founded his Art, Science, and Sport Charity Foundation in 2006 and says he's donated over $2.6 billion to causes such as healthcare and education.In 1980, he was convicted of fraud and embezzlement; he served six years. Years later, the Uzbek supreme court ruled that the case against him had been trumped up. An ex-fencer, Usmanov is president of the International Fencing Federation. His wife Irina Viner trained many Russian Olympic medal winners in rhythmic gymnastics.
Veteran Mumbai investor Radhakishan Damani became India's retail king after the March 2017 IPO of his supermarket chain DMart.Damani got into retailing in 2002 with one store in suburban Mumbai and has been unstoppable since.Damani also holds stakes in a range of companies, from tobacco firm VST industries to beer maker United Breweries.His property portfolio includes the 156-room Radisson Blu Resort in Alibag, a popular beach-front getaway close to Mumbai. Damani was a mentor to billionaire investor Rakesh Jhunjhunwala. Low profile Damani rarely makes appearances at public events and avoids speaking to the press.
Lee Kun-hee is chairman of Korea's largest conglomerate, Samsung Group, best known for its consumer electronics division.In May 2014, Lee suffered a heart attack and remains hospitalized. No concrete information has emerged about his condition. The Samsung Group encompasses everything from fashion, theme parks and insurance to advanced materials, IT services and smartphones and TVs.Lee is the third son of Samsung Group founder Lee Byung-Chull, son of a wealthy landowner who started a modest trading company nearly 80 years ago. His fortune includes that of his wife, Hong Ra-hee, a daughter of a media tycoon who chaired one of the country's largest newspapers. Lee's son Jay Y. Lee spent a year in jail on bribery charges involving former president Park Geun-hye and was released with a suspended sentence in February 2018. In 1987, shortly after his father's death, Lee took the helm and eventually turned the Samsung Group into South Korea's No. 1 conglomerate.
Dhanin Chearavanont is senior chairman of Charoen Pokphand Group, one of the world's largest producers of animal feed and livestock. Dhanin is the son of Chia Ek Chor, who along with his brother Choncharoen Chiaravanont, opened a shop selling seeds imported from China in 1921.CP's other assets include stakes in Chinese insurer Ping An and Hong Kong conglomerate CITIC.In 2017, after 48 years as chairman and CEO, Dhanin named eldest son, Soopakij, and the youngest, Suphachai, as CP's chairman and CEO, respectively.In March 2020, CP Group made a successful $10.6 billion bid to acquire Tesco's operations in Thailand and Malaysia. Dhanin's daughter Tippaporn runs real estate unit Magnolia Quality Development.Following the COVID-19 pandemic, the group has invested $3 million in a factory to produce 3 million face masks per month. It's also providing food to 40 hospitals.
Together with college buddies and fellow billionaires German Khan and Alexei Kuzmichev, Mikhal Fridman controls Alfa Group and LetterOne. The trio have been partners since 1989, when they started commodities trader Alfa-Eco.The Ukranian native is a founder of Alfa Bank, the largest non-state bank in Russia. In 2013 he made $5.1 billion in cash when the trio and partners sold stakes in oil giant TNK-BP for $14 billion. Fridman, who also has Israeli citizenship, mostly resides in the UK where he bought Athlone House in 2016 for $90 million. Fridman filed defamation lawsuits against Buzzfeed and Fusion for reporting that his Alfa Group had a role in Russia's meddling in the U.S. presidential election. In August 2018, libel charges against the Trump dossier author, Christopher Steele, and opposition research firm Fusion were dismissed.
Carl Icahn is one of Wall Street's most successful investors and has been shaking up corporate America for decades.Icahn's primary investing vehicle is publicly traded Icahn Enterprises. He also runs an investment fund made up of his personal cash and money belonging to Icahn Enterprises. He spent the first months of the Trump Administration advising Donald Trump on regulatory overhaul, but left the position amid controversy.Icahn grew up in Far Rockaway, Queens. He graduated from Princeton with a degree in philosophy in 1957. He has donated about $200 million to what is now the Icahn School of Medicine at Mount Sinai. Icahn was pushed by his mother to go to med school, but dropped out because he hated it. In his senior year at Princeton, Icahn received the McCosh Prize for the finest thesis written by a student in the philosophy department.
Eric Schmidt left the board of Google parent company Alphabet in June 2019 after serving as a director for 18 years. He remains a technical advisor.Schmidt was Google's CEO from 2001 to 2011; prior to that he had stints as CEO of Novell and chief technology officer at Sun Microsystems.Schmidt serves on the Defense Department's innovation board and is a visiting innovation fellow at the Massachusetts Institute of Technology as well. He co-founded Innovation Endeavors, a venture capital firm that has invested in Uber, SoFi, and Zymergen, among others.In May 2015, his family's investment vehicle bought a 20% stake in hedge fund firm D.E. Shaw & Co. for an undisclosed price. Schmidt's family is passionate about environmental sustainability and has donated to various projects related to renewable energy and climate change.He has toured some of the world's most tightly controlled regimes to promote open Internet access, including Cuba and North Korea.
Australia's richest citizen built her wealth on iron ore, an industry that continues to expand robustly. In May 2019, a high court ruled that her longtime litigation with two of her children and Wright Prospecting could be settled behind closed doors.The daughter of high profile iron-ore explorer Lang Hancock, Gina took her late father's bankrupted estate and rebuilt it into something much larger.The biggest piece of her fortune comes from the Roy Hill mining project, which started shipments to Asia in 2015.The mining magnate is also Australia's third-largest cattle producer, with a portfolio of properties across the country.
Dietmar Hopp left IBM with four colleagues in 1972 to launch German software company SAP (Systems, Applications, Products). He served as co-CEO from 1988, the year SAP went public, to 1998 and then as chairman of the supervisory board until 2003.In 1996, he transferred most of his SAP shares to a foundation. Those shares are included in his net worth calculation, as he still controls them.That entity, Dietmar Hopp Stiftung, supports sports, medicine, education and social programs, and has distributed around $900 million since its start.He is the main financial backer of TSG 1899 Hoffenheim, a soccer club that plays in the First Bundesliga, the top division of Germany's league system.Hopp and the Bill & Melinda Gates Foundation are lead investors in CureVac, a private German company developing vaccines for influenza and malaria.The Hopp family owns Domaine de Terre Blanche, a luxury golf resort and residential community in Provence, France, purchased from the actor Sean Connery.
Charlene de Carvalho-Heineken is one of the richest women in the world, thanks to her 23% controlling stake in beer giant Heineken.Now an executive director, she inherited the Heineken stake in 2002 from her late father, longtime CEO Freddy Heineken.Her husband Michel, an investment banker, is on Heineken's supervisory board.Charlene's great-grandfather Gerard Adriaan Heineken opened a brewery in Amsterdam 150 years ago. Heineken sells 250 brands of beer across the globe including Red Stripe and Lagunitas.
Walter P.J. Droege and wife Hedda im Brahm-Droege founded Droege Group in 1988. It is one of the world's largest advisory and investment practices.Droege Group has a hybrid business model, providing expertise to consulting clients and making "buy-and-build" investments, which is now its focus.By providing capital, management resources and "value-add" know-how, it follows an "Entrepreneurship-as-a-Service" principle in engaging with clients.In 2018, Ernest-W. Droege, the couple's eldest son, joined the management board and succeeded his father as CEO. Droege Group is active in 30 countries and generates around $12 billion in annual revenue.Walter, who remains on the board of directors, owns 78% of the group. Hedda is vice-chairwoman of the supervisory board and holds 12%.They're avid collectors of contemporary art and exhibit pieces by world-renowned artists like Gerhard Richter in their offices.
Emmanuel Besnier is the CEO and controlling shareholder of family-held Lactalis, one of the world's largest dairy firms with $20 billion in sales.His father founded the company in 1933. It now sells products including President brie, Milkmaid yogurts and Valbreso Feta.His younger siblings, Jean-Michel and Marie, split the rest of the ownership in the family's milk and cheese giant. Besnier and his siblings own stakes Parmalat, the maker of Baby Bel, Frommageries Bel, and Boursin.Lactalis now employs 75,000 and owns more than 230 plants in 43 countries. Besnier has been called the "French Howard Hughes," "the Emperor of Cheese," and, thanks to his disdain for the press, "the invisible billionaire."On his first day in business, Besnier's father collected 17 liters of milk and made 35 camemberts.
Industrialist Andrey Melnichenko owns majority stakes in fertilizer producer Eurochem and coal energy company SUEK.Melnichenko started Eurochem, SUEK and pipe exporter TMK with partner Sergei Popov. The two split and divvied up assets over the years.Melnichenko's first business venture was a chain of currency-exchange booths he started in the 1990s.Melnichenko owns two yachts: Sailing Yacht A and Motor Yacht A, which resembles a submarine.Melnichenko has a collection of Impressionist art, including pieces by Claude Monet.
Jorge Paulo Lemann started in investment banking and later became a controlling shareholder of Anheuser-Busch InBev, the world's largest brewer.His fellow controlling shareholders at AB Inbev include Brazilian business partners Carlos Sicupira and Marcel Herrmann Telles, both billionaires.In 2016 AB InBev completed its nearly $100 billion acquisition of SABMiller, acquiring brands including Pilsner Urquell and Foster's Lager.Lemann and his partners also own stakes in Restaurant Brands International, parent of Burger King and Canadian coffee chain Tim Hortons.In 2013 Lemann's private equity firm 3G Capital and Warren Buffett's Berkshire Hathaway bought H.J. Heinz & Company. Then Heinz merged with Kraft.
Wu Yajun is cofounder and chairperson of Hong Kong-listed real estate developer Longfor Properties.She and her ex-husband Cai Kui, who cofounded Longfor with her in 1993, divorced in 2012. He no longer has a role in the company. Wu, who got a degree in engineering, worked as a journalist before entering the real estate business. As of 2017, 300 million people had visited Longfor's shopping malls .
Stefan Quandt owns 23.7% of automaker BMW; his sister, Susanne Klatten, the richest woman in Germany, owns 19.2%.Their late mother, Johanna, was the third wife of legendary industrialist Herbert Quandt, who guided BMW to preeminence in the luxury market.Both siblings serve on the BMW Supervisory Board; Quandt is deputy chairman. His holdings also include Heel (homeopathic medicine), Entrust Datacard (digital security) and Logwin (logistics).He graduated from Technical University of Karlsruhe, where he studied economics and engineering.After university, Quandt worked at Boston Consulting and as a Hong Kong-based marketing manager for Entrust Datacard, which is headquartered in Minneapolis.In 2018, he received dividends from BMW in excess of $700 million, before tax.
Li Shufu is the chairman of Geely Automobile Holdings, one of China's largest automakers and one of few non-government controlled ones. Through his private holding company, he has been expanding globally since 2010, when he acquired Swedish car brand Volvo. More recently, it has bought stakes in Daimler, truck maker AB Volvo, sportscar maker Lotus and flying car start-up Terrafugia.Li told Forbes Asia in 2014 he made his first cars from the sand as a boy. "We couldn't afford any toys. I couldn't imagine making a real car."Li holds an engineering degree from Yan Shan University and is a member of the Chinese People's Political Consultative Conference.Li is the son of a farmer from China's eastern Zhejiang province.
Hasso Plattner and four colleagues left IBM in 1972 to launch German software company SAP, which went public in 1988. He has served as chairman of the SAP supervisory board since May 2003, when he stepped down as CEO.His nonprofit Hasso Plattner Institute focuses on research and teaching in IT systems engineering, offering degree programs and free online courses.The institute has established Design Thinking schools at the University of Potsdam, Stanford University and the University of Cape Town.A signee of the Giving Pledge, Plattner has supported HIV/AIDS research and has promoted healthcare and health education in South Africa.The Plattner-funded Museum Barberini in Potsdam, which opened in 2017, features his extensive collection of impressionist and modernist works.In the U.S., Plattner is majority owner of the San Jose Sharks ice hockey team.
Heinz Hermann Thiele's Knorr-Bremse AG is the world's leading manufacturer of braking systems for rail and commercial vehicles.Coming from modest means and working his way through law school, Thiele joined the firm's legal department in the late 1960s and took over control in the mid-1980s.He withdrew from operational duties in 2007, chaired the supervisory board, was named honorary chairman in 2016, and took the company public in 2018.Son Henrik, who was supposed to join Knorr-Bremse's board in July of 2015, suddenly left the company due to differences with his father.Thiele also owns 50% of railroad equipment maker Vossloh; he left his position as head of the company's advisory board in 2017.Among business leaders, Thiele is one of German Chancellor Angela Merkel's most outspoken critics for her stance on immigration and support for sanctioning Russia.Daughter Julia runs his charity organization, Knorr-Bremse Global Care, which supports education and water hygiene projects in countries where the company is active.
Lui Che Woo chairs Macau casino operator Galaxy Entertainment Group and property developer K. Wah International Holdings, both listed in Hong Kong. Initially a construction materials supplier, K. Wah develops property, principally in Hong Kong and mainland China.Lui donated $1.2 billion in 2015 to endow his foundation and the Lui Che Woo Prize. Lui's eldest son, Francis, oversees Galaxy operations while daughter Paddy and son Alexander focus on K. Wah.Lui first made his mark supplying gravel for Hong Kong's postwar construction boom.
Four close-knit siblings, Srichand, Gopichand, Prakash and Ashok, control multinational conglomerate the Hinduja Group.Their group's businesses range from trucks and lubricants to banking and cable television. The brothers own valuable real estate in London, including the historic Old War Office building in Whitehall, which will house a Raffles Hotel.One of their homes in London is Carlton House Terrace located near Buckingham Palace. Srichand and Gopichand live in London and Prakash resides in Monaco while the youngest sibling Ashok oversees their Indian interests from Mumbai.The empire was started by their father, Parmanand Deepchand Hinduja, who traded goods in the Sindh region of India (now Pakistan) before moving to Iran in 1919.The Hinduja brothers shifted their base from Iran to London in 1979.
R. Budi Hartono and his brother, Michael (whose fortune is listed separately), are the two richest people in Indonesia.The brothers get more than two-thirds of their fortune from their investment in Bank Central Asia.The Hartonos bought a stake in BCA, after another wealthy family, the Salims, lost control of the bank during the 1997-1998 Asian economic crisis.The family first got rich in tobacco and is still one of the biggest clove cigarette makers in the nation. With his brother, he also owns popular electronics brand Polytron, prime real estate in Jakarta and a stake in gaming startup Razer.Their late father, Oei Wie Gwan, acquired a bankrupt cigarette company in 1950, and later renamed it Djarum after the needle of a gramophone.
Ken Griffin founded and runs Citadel, a Chicago-based hedge fund firm that manages $32 billion in assets.He founded Citadel in 1990 but first began trading from his Harvard dorm in 1987. He put a satellite dish on the roof to get real-time stock quotes.He is majority owner of Citadel Securities, one of Wall Street's biggest market-making firms, responsible for one of five stock trades in the U.S.He has donated approximately $900 million in his lifetime, including $300 million to nonprofits in Chicago.Griffin has spent $700 million in recent years, snapping up high-priced homes in cities like London, New York and Palm Beach. In Palm Beach, Griffin paid $99 million for a home on the beach next to another property he owns. The University of Chicago renamed its economics department after Griffin in 2017 after he donated $150 million.Griffin's first job was selling Franklin Mint collectibles.
Liu Yonghao is the longtime chairman of New Hope Group, which has nearly 70,000 employees and more than 600 subsidiaries in 30 countries.His daughter Liu Chang replaced him as chairman of the group's animal feed arm New Hope Liuhe, one of China's largest agribusiness firms, in 2013. In the U.S., New Hope has stakes in Lansing Trade Group, a feed and raw materials trading company, and food processing outfit Ruprecht. New Hope Group also has interests in real estate and chemicals. With his 3 brothers, Liu founded New Hope Group in 1982, which started out as an animal feed business. The brothers split amicably in the mid-1990s. Liu's New Hope Group is one of the largest suppliers of meat, eggs and dairy products in China.
John Menard's home improvement retailer brings in an estimated $10 billion in sales from over 300 stores.His stores, which compete with Home Depot and Lowe's, are concentrated in the middle of the U.S., spanning from Wyoming to Ohio.Menard first started a construction business in 1958, 20 years before Home Depot launched.Menard has developed a reputation for keeping a tight grip on his business, requiring even top executives to punch a time clock every morning.Menard sponsored the winning car at the 2019 Indy 500, his first win in nearly 40 years of involvement in racing.Menard grew up on a farm in Wisconsin as the oldest of eight children.Menard, who already had his own business making agricultural buildings, turned down a job at IBM when he graduated college in 1963.
David Tepper, arguably the greatest hedge fund manager of his generation, has been steadily returning money to client investors in recent years. Tepper's Appaloosa Management hedge fund firm now manages $13 billion, down from a peak of $20 billion.He decided to move from New Jersey to Florida in 2016 and relocated his hedge fund firm there as well. In 2018, Tepper bought the Carolina Panthers professional football team in a $2.3 billion deal. Once the head of the junk bond desk at Goldman Sachs, he left after being passed over for partner and founded Appaloosa Management in 1993.Tepper gifted $67 million to Carnegie Mellon University, sponsoring the David Tepper Quadrangle, a building aiming to create a collaborative learning environment.Tepper, who grew up in Pittsburgh, went to Carnegie Mellon University and is a minority investor in the Pittsburgh Steelers.
Indian IT pioneer Shiv Nadar cofounded HCL in a garage in 1976 to make calculators and microprocessors. Today, he chairs HCL Technologies, an $8.9 billion (revenue) company that is one of India's largest software services providers. In December 2018, HCL Technologies agreed to buy some software products from IBM for $1.8 billion.HCL Technologies, which employs 143,000 people worldwide, hires high school grads and trains them on the job.One of India's leading philanthropists, Nadar has donated $662 million to his Shiv Nadar Foundation, which backs education-related causes.Nadar's education was primarily in the south Indian language of Tamil, and he didn't start speaking much English until age 22.Nadar's wife Kiran, who is an avid art collector, has two private art museums in Delhi that showcase her vast collection.
Pang Kang chairs Foshan Haitian Flavoring & Food, one of China's biggest suppliers of soy sauce.Haitian went public on the Shanghai Stock Exchange in 2014.
Kwong Siu-hing is the widow of Sun Hung Kai Properties co-founder Kwok Tak-seng, who died in 1990.She served as the company's chairman from 2008 to 2011 after her eldest son, Walter, was ousted in a feud with her two other sons, Thomas and RaymondShe remains the biggest stockholder in Sun Hung Kai with a 26.58% stake. Raymond has been the sole chairman since Thomas was sentenced to 5 years in prison in 2014 for bribery; he was released in 2019. Walter died in 2018.Kwong left Guangdong Province in mainland China for Hong Kong in 1947 and married Kwok at the age of 20. Kwok started the company with Fung King-hey and Lee Shau-kee in 1958. It went public in 1972 and today it's Hong Kong's largest developer.
Reclusive tycoon Pallonji Mistry controls Mumbai-headquartered engineering and construction giant, the 154-year-old Shapoorji Pallonji Group.The family's biggest asset is an 18.4% stake in Tata Sons, holding outfit of the $111 billion (revenue) Tata Group, a conglomerate of 30 companies.The S.P. Group, run by Mistry's older son Shapoor, also owns Eureka Forbes, the country's leading brand of water purifiers. Mistry's younger son Cyrus, who was ousted as chairman of Tata Sons in October 2016, has started a venture capital fund to invest in start-ups.Mistry's first overseas project was building the palace of the Sultan of Oman in 1976.The Tata Group severed decades-old business ties with Mistry's companies after the fallout between the two families.
Michael "Bambang" Hartono is the second richest person in Inonesia, just after his brother R. Budi Hartono.Hartono, who long advocated to get the game of bridge included in the Asian Games, won a bronze medal with five teammates in 2018.The brothers get more than two-thirds of their fortune from their investment in Bank Central Asia.The Hartonos bought the stake in BCA, after another wealthy family, the Salims, lost control of the bank during the 1997-1998 Asian economic crisis.The family first got rich in tobacco and is still one of the biggest clove cigarette makers in the nation.With his brother, he also owns popular electronics brand Polytron, prime real estate in Jakarta and a stake in gaming startup Razer.Their late father, Oei Wie Gwan, acquired a bankrupt cigarette company in 1950, and later renamed it Djarum after the needle of a gramophone.
Reinhold Wuerth entered his father's wholesale screw business in 1949, at age 14, as the company's second employee and first apprentice.He took the reins in 1954 and honed a competitive advantage by delivering goods directly to customers on construction sites and in mechanical shops.Today, with sales of over $15 billion, Wuerth Group supplies assembly and fastening materials for the automotive, construction and engineering trades.Reinhold retired in 1993, but he still serves as chairman of the supervisory board of the Wuerth Groups family trusts. Daughter Bettina Wuerth is chairwoman of the advisory board of Wuerth Group.Wuerth's vast art collection, consisting of an estimated 17,500 pieces, began with an Emil Nolde painting acquired in 1964.He owns a 280-foot yacht , Vibrant Curiosity.
Ricardo Salinas Pliego runs the number two Mexican TV broadcaster, TV Azteca, and retailer Grupo Elektra.His Grupo Elektra targets lower middle class consumers who borrow money from his banking arm, Banco Azteca, to buy items at Eleltra stores.Elektra, which is publicly traded, was founded in the 1950s by Ricardo's grandfather, Hugo Salinas Rocha.In 2015 he named his son, Benjamin Salinas Sada, 32, the CEO of TV Azteca.
Sun Piaoyang turned formerly state-led Jiangsu Hengrui Medicine into one of China's largest producers of anti-infection and tumor-treating medicines.Sun became the head of Jiangsu Hengrui in 1990 when he was 32 years old.Sun's wife Zhong Huijuan is the chair of Hansoh Pharmaceutical, a drug maker that listed on the Hong Kong Stock Exchange in June 2019.
Li is a founder and the CEO of Mindray Medical International, a supplier of medical devices.Mindray, founded in 1991, is headquartered in Shenzhen.Mindray's chairman Xu Hang is also a billionaire. Li holds an undergraduate degree from University of Science and Technology of China.
China's richest restaurateur, Zhang Yong is chairman of Sichuan hot pot chain Haidilao, which went public in September 2018.Haidilao now has $17 billion in sales from 466 restaurants, mostly in China but also in the U.S., Japan, South Korea and Singapore. Haidilao is renowned for its spicy dishes and attentive customer service, including offering free manicures for waiting customers.Having never finished high school, the budding entrepreneur says he didn't even know how to prepare the typical Sichuan hotpot when he started.Three friends, including one who became his wife, helped with seed money, but he ran the place.Haidilao means deep-sea fishing, or literally "scooping the bottom of the ocean."Zhang often spent the night in his first restaurant on a foldaway bed. His worst memory was breaking a $100 aquarium he had saved up for to display fresh seafood.
Brothers Robert and Philip Ng control Far East Organization, Singapore's largest private landlord and property developer.The group was founded by their father Ng Teng Fong, who moved from China to Singapore in 1934 and came to be known as "The King of Orchard Road" .Their Hong Kong arm, Sino Group, is overseen by older sibling Robert and his son Daryl, while Philip oversees the Singapore interests.In March 2019, the family donated $14 million to Beijing's Palace Museum. The brothers are staunch Christians and refer to Far East as a Christian enterprise.Founder Ng Teng Fong spurned his family's grocery store and got into real estate in 1960 against his father's wishes.
He was the chairman of property developer Wheelock & Co. and its main subsidiary, Wharf Holdings. He stepped down mid-2015 and became 'senior counsel'Beyond property, Wheelock and Wharf control important telecom, port and retailing assets, including luxury department store chain Lane Crawford.Woo started his career in 1972 with Chase Manhattan Bank in New York, where he also met his future wife Bessie, daughter of shipping tycoon Y.K. Pao. In 1975, he joined her family business in Hong Kong. The couple's son Douglas, heir apparent, chairs Wheelock. Woo's flagship properties, Harbour City in Kowloon and Times Square in central Hong Kong, represent nearly half of his group's business assets.
Udo and Harald Tschira are the sons of Klaus Tschira, the software pioneer who cofounded SAP (Systems, Applications, Products) in 1972.Klaus retired from the company in 1998, stepped down from its supervisory board in 2007, and passed away on March 31, 2015.He was a trained physicist and hobby astronomer; a small planet between Mars and Jupiter has been named after him.His sons carry on the activities of the Klaus Tschira Foundation, which promotes learning in natural sciences, mathematics and computer science.As of September 2019, the foundation, one of Germany's largest philanthropies, had awarded over $670 million in cash grants and in-kind donations.Klaus Tschira's passion for astronomy began at an early age. His classmates at school called him "the planet kid."He liked to experiment in his kitchen and helped create a children's cookbook that explains chemical and physical processes in the kitchen.
Mikhail Prokhorov sold a 49% stake in the Brooklyn Nets to Alibaba executive Joseph Tsai in a $2.3 billion deal in 2018.Much of Prokhorov's fortune stems from the 2008 sale of his stake in metals giant Norilsk Nickel.He has stakes in Russian power, insurance and banking sectors.He ran against Vladimir Putin in Russia's 2012 presidential race, gaining 8% of the vote.He sold his last block of shares in UC Rusal one month before sanctions were imposed against the company by the US Treasury. The 6-foot-8 bachelor enjoys martial arts, skiing and windsurfing.
Roman Abramovich owns stakes in steel giant Evraz, Norilsk Nickel and the U.K.'s Chelsea soccer team.He owns the world's second-largest yacht, 533-foot Eclipse, bought for nearly $400 million in 2010.He sold a 73% stake in Sibneft to state-owned gas titan Gazprom for $13 billion in 2005.Abramovich spent $2.5 billion in the Chukotka region where he worked as governor and chairman of the local Duma from 2001 to 2013.He has transferred more than $90 million worth of New York property to ex-wife Dasha Zhukov.His British investor visa expired in April 2018. When he couldn't get a new one, he got Israeli citizenship instead. Abramovich was orphaned as a child and dropped out of college.Once Russia's richest man, Abramovich's net worth peaked at $23.5 billion in 2008.
Xu Hang is a founder and the chairman of the board of directors of Mindray Medical International, a supplier of medical devices.Mindray, founded in 1991, is headquartered in Shenzhen.Xu holds a bachelor's degree from Tsinghua University Department of Computer Science and Technology.Xu also holds a master's degree in biomedical engineering from the Tsinghua University Department of Electrical Engineering.Xu has also earned an EMBA degree from China-Europe International Business School.
Abigail Johnson has served as CEO of Fidelity Investments since 2014, when she took over for her father, and has been chairman since 2016.Her grandfather, Edward Johnson II, founded the Boston-based mutual fund giant in 1946.She owns an estimated 24.5% stake of the firm, which has nearly $2.7 trillion in managed assets.Johnson has embraced cryptocurrencies and, in 2018, Fidelity launched a platform that allows institutional investors to trade bitcoin and ether.She worked summers at Fidelity through college and joined full-time as an analyst in 1988 after receiving a Harvard M.B.A.The Johnson family is a frequent donor to nonprofits in the Boston area and has given money to Harvard, the Institute of Contemporary Art and Historic New England.
Over five decades, Philip Anschutz has built fortunes in oil, railroads, telecom, real estate and entertainment.He owns the NHL's Kings and a third of the Lakers, plus the arena in which they play, the Staples Center. His Anschutz Entertainment Group operates more than 100 arenas and concert venues worldwide. On 300,000 acres he owns in Wyoming, Anschutz aims to build one of the world's biggest wind farms. He started testing his business acumen early: six-year-old Anschutz sold Kool-Aid on a nearby college campus using a wheeled stand he built. Anschutz owns two five-star resorts, the Broadmoor in Colorado Springs and Sea Island in Georgia. He donated 400 masterpieces by the likes of Frederic Remington to create the American Museum of Western Art in Denver.
Spurning his family's trading business, Uday Kotak started a finance firm in 1985 then went on convert it into a bank 2003.His Kotak Mahindra Bank is now among India's top four banks in the private sector, boosted by its 2014 acquisition of ING Bank's Indian operations. Kotak's 811 app draws its name from November 8, the day in 2016 when the government cancelled 86% of all rupees in circulation.The Reserve Bank of India did not approve Kotak's move to issue preference shares to comply with rules to reduce his stake to 20% by December 2018.Kotak is battling the Reserve Bank of India in court over the issue of reducing his stake in the bank.Kotak was initially backed by tractor tycoon Anand Mahindra, who still holds a small stake in the bank.In September 2018, Kotak was appointed by the government as non-executive chairman of the debt-strapped Infrastructure Leasing & Financial Services.
Former chemical engineer James Ratcliffe is the founder, chairman and majority owner of chemical powerhouse Ineos Group.The London-based conglomerate produces everything from synthetic oils and plastics to solvents used to make insulin and antibiotics. It has also become one of the largest players in the U.K. shale sector after entering the market in 2014. Its "Dragon Ships" -- behemoth 600 foot gas carriers -- were the first to transport U.S. shale gas into Europe. Ratcliffe mortgaged his house in 1992 to lead the buyout of a BP chemicals business; 6 years later, he bought a plant from that firm to form Ineos.An adventure seeker, Ratcliffe has made trips to both the North and South poles, and went on a month-long motorbike trip in South Africa in 2015.Ineos also owns Swiss soccer team Lausanne, British fashion brand Belstaff, and is planning to produce a successor to Land Rover's discontinued off-roader Defender.
Pierre Omidyar founded online auction firm eBay in 1995 and now serves on the company's board.In 2002 eBay bought online payment company PayPal and spun it off in 2014. Omidyar currently owns 5% of eBay and 6% of Paypal.Through his Omidyar Network, which he launched in 2004, he has put $1.4 billion into impact investments and nonprofits that tackle global problems. A resident of Hawaii, Omidyar co-owns resort properties in southern California and Mexico and is developing real estate in Cabo San Lucas, Mexico. He's also the founder of First Look Media, the parent company of online news site The Intercept and the entertainment company Topic Studios. In October 2018, his network spun off its decade-old citizen engagement arm, which has doled out $326 million since its launch, and named it Luminate. Born in France to Iranian parents, Omidyar moved to the U.S. with his family at age 6. He wrote code for his website, Auction Web, at age 28 and renamed it eBay after his first choice, Echo Bay, was already taken.
New Zealand's perennial richest person, Graeme Hart amassed a packaging empire using leveraged buyouts.Hart's holdings make everyday products like milk cartons, water bottles, paper and aluminum foil. Since 2013, his Rank Group has been selling off subsidiaries in an apparent move to pay down its debts. In March 2015 his Reynolds Group Holdings, best known for its aluminum foil Reynolds Wrap, closed the $4.1 billion sale of its subsidiary SIG.SIG is the maker of cartons for beverage brands including V8, Ocean Spray, Dole, and others. Hart dropped out of school at age 16 and reportedly once worked as a truck driver.
Donald Newhouse and his brother, Samuel "Si" inherited the publishing and broadcasting empire Advance Publications decades ago.Donald is co-president of Advance Publications and oversees the newspaper business that his father Sam built up from the daily Staten Island Advance.His brother, Si, who ran Conde Nast for years, died in October 2017. The company also has substantial stakes in Discovery Communications and social news site Reddit.Amid a tumultuous media environment, Conde Nast sold W Magazine, Brides and Golf Digest in 2019.In 2016, 67 years after he left Syracuse U. to join his father's business, Newhouse returned to receive an honorary degree and deliver the commencement speech.In 2004 he and his wife, Suzy, established the Susan and Donald Newhouse Center for the Humanities at Wellesley College to promote research in the humanities.
Iris Fontbona is the widow of Andrnico Luksic, who built a fortune in mining and beverages before dying of cancer in 2005. He left his businesses to Fontbona and their three sons: Jean-Paul, Andronico and Guillermo Luksic (who died of lung cancer in 2013 at age 57). Fontbona and her children control Antofagasta Plc, which owns copper mines in Chile and trades on the London Stock Exchange. Fontbona and her children also own a majority stake in Quienco, a publicly-traded Chilean conglomerate active in banking, beer and manufacturing.Jean-Paul Luksic is chairman of Antofagasta, and Andronico Luksic heads up Quienco.
Viktor Vekselberg, a Ukrainian-born aluminum baron, made his first million selling scrap copper from worn-out cables. He later bought several medium-size aluminum smelters and bauxite mines and united them into Sual Holding in 1996. Eleven years later, he merged it with billionaire Oleg Deripaska's Russian Aluminum to form UC Rusal.A partner of billionaires Mikhail Fridman and Len Blavatnik in oil company TNK-BP, he sold his stake in 2013 to state-owned Rosneft for $7 billion.Vekselberg owns a large art collection, including nine Faberge eggs he bought from the Forbes family for a reported $100 million.His current core asset, Swiss company Sulzer, purchased shares in April 2018 from Vekselberg to bring his ownership below 50% in order to avoid sanctions.He made news in May 2018, after revelations that a U.S. firm he invests in wired $500,000 to an LLC owned by Michael Cohen, then Donald Trump's personal lawyer.
Germn Larrea Mota Velasco owns the majority of Mexico's largest copper mining company, Grupo Mxico, which also has operations in Per and the U.S.Under his leadership as president and CEO, Grupo Mxico expanded into the infrastructure and rail transportation sectors.In 2014, the mining company faced scrutiny after a spill at its copper mine in Sonora, Mexico contaminated two rivers nearby.The company agreed with a government request to deposit $150 million in a trust to compensate local residents harmed by the spill.In 2017, Larrea spun off Grupo Mexico's transport division into a new listed company, GMexico Transportes, part owned by two of Carlos Slim's firms
Goh Cheng Liang gets the bulk of his wealth from a 39% stake in Japan's Nippon Paint Holdings, the fourth largest paint manufacturer in the world.Goh started making paints in a small factory in Singapore before he went on to partner with Japan's Nippon Paint in 1962.Goh's son,Hup Jin,was appointed chairman of Nippon Paint in March 2018 and also runs their privately held joint venture, Nipsea.Nippon Paint agreed in April 2019 to acquire DuluxGroup, Australia's largest paint manufacturer, for $2.7 billion.The Gohs collect luxury yachts and catamarans.In a bid to expand its U.S.footprint, Nippon Paint sought to acquire Warren Buffett-backed Axalta Coating Systems in November 2017 but the deal fell through.
He is vice chairman and cofounder of Alibaba Group, and ranks as its second-largest individual shareholder after chairman Jack Ma.In 2018, he bought 49% of the Brooklyn Nets National Basketball Association team; the following year he purchased the remaining 51%. He holds two degrees from Yale University--an undergraduate degree in economics and East Asian studies and a law degree.Taiwan-born Tsai carries a Canadian passport.Tsai accepted an initial salary of only $50 a month from Jack Ma when the pair first met in 1999.He played lacrosse in high school and college and is an avid follower of the sport.
Suleiman Kerimov gets most of his fortune from his 78% stake in Russia's biggest gold producer, Polyus.A trained economist, Kerimov made a career investing in distressed companies in Russia.He cashed out and heavily invested in investment banks such as Morgan Stanley and Goldman Sachs before the 2008 financial meltdown. He lost billions.Kerimov recovered by betting on Polyus.A French court dropped money-laundering charges against Kerimov in 2018 but prosecutors reportedly opened a new investigation in 2019.A native of Dagestan, Kerimov represents the republic in Russia's Federation Council.To get around a law barring politicians from holding financial assets abroad, he pledged his assets to a Swiss charity and gave shares in Polyus to his son Said; Forbes assumes Kerimov is the true owner.
Stanley Kroenke is a real estate and sports mogul with an international portfolio.He owns some 30 million square feet of real estate -- much of it shopping plazas near Walmart stores.Kroenke owns the Los Angeles Rams, which he moved back to California from St. Louis in 2016.His sports empire also includes the Denver Nuggets, Colorado Avalanche, Colorado Rapids and Britain's Arsenal soccer club.He is a major landowner, with nearly 2 million acres of ranches across the U.S. and Canada.Kroenke is married to Walmart heiress Ann Walton Kroenke.In August 2019, he became the sole owner of Arsenal football club reportedly paying $58 million and borrowing $719 million to buy the minority stake he didn't own.
Silicon Valley pioneer Gordon Moore cofounded semiconductor firm Intel in 1968; he was CEO from 1975 to 1987 and chairman from 1979 to 1997.Prior to Intel, Moore was part of the "traitorous eight" that left Nobel Prize winner Bill Shockley's firm to found Fairchild Semiconductor in 1957. Moore is famous for his prediction that computer processing power would double every year, an insight known as "Moore's Law." He and his wife launched the Gordon and Betty Moore Foundation in 2000. It has over $6 billion in assets.The foundation supports environmental conservation, patient care, scientific research and projects in the San Francisco Bay Area.Moore and his wife joined the Giving Pledge in 2012, promising to donate half of their wealth to charitable causes.In his first year as a student at U.C. Berkeley, Gordon belonged to the Rocket Society and designed a rocket engine.
Jorn Rausing's grandfather founded Tetra Pak, which invented aseptic packaging technology.The new packaging made it possible to store beverages like milk and orange juice in cartons instead of glass bottles.His late father, Gad, bought out Jorn's uncle Hans in 1995 for an estimated $7 billion.Jorn and his two siblings Kirsten and Finn have equal stakes in TetraLaval and sit on the board of the parent company.Jorn also owns a piece of online grocery retailer Ocado and, with his siblings, a stake in International Flavors & Fragrances.A plan by pro-Palestinian terrorists to kidnap him was foiled in 1989, but the family still keeps a low profile.Rausing reportedly sold a 1966 gold-colored Ferrari in a 2017 auction for almost $740,000.
Brothers Hank and Doug Meijer stepped down as co-chairmen of grocery chain Meijer in 2017. Both remain on the company's board of directors. The brothers took over the family-owned company from their father, Frederik, in 1990. Their father and grandfather, Hendrik, a Dutch immigrant, started the company in 1934. Today Meijer operates over 230 supermarkets throughout the Midwest and has estimated sales of $17.8 billion.The company donates 6% of profits every year to a variety of causes throughout the Midwest. Meijer pioneered the idea of one-stop shopping, now the staple of competitors like Walmart.Over 700,000 people visit The Frederik Meijer Gardens & Sculpture Park in Grand Rapids, Michigan each year.
Sun Hongbin is the founder and chairman of Sunac China Holdings, one of China's largest real estate developers.Sunac is headquartered in Tianjin, and its shares trade on the Hong Kong Stock Exchange.Sunac has expanded into the entertainment and hotel business in the past two years by acquiring assets from China's Wanda Group.Sun, a U.S. citizen, received his master's degree from Tsinghua University and completed an advanced management program at Harvard Business School.
Jan Koum cofounded WhatsApp, now the world's biggest mobile messaging service, in 2009.Facebook bought the startup for $22 billion in cash and stock in 2014.He resigned as CEO of WhatsApp in April 2018 and announced he would leave Facebook's board as well.Koum worked at Yahoo for nearly nine years before leaving to found WhatsApp.Koum has donated $1.15 billion of Facebook stock to charitable entities, including to his Koum Family Foundation. Koum immigrated to California from the Ukraine with his mother at age 16 and swept floors to make ends meet.Koum signed the deal to sell WhatsApp to Facebook in an abandoned building where he once collected food stamps as a teenager.
Dustin Moskovitz helped launch Facebook in 2004 with then-roommate Mark Zuckerberg from their Harvard dorm. After leaving the social network in 2008, he cofounded Asana, a workflow software company.He is the great grandson of immigrants from Russia and Poland, and opposed Trump in the 2016 election. Most of his net worth lies in his estimated 2% stake in Facebook.Moskovitz and his wife have built the philanthropic foundation Good Ventures, which has given millions to malaria eradication and marriage equality.Moskovitz and Tuna are also the primary backers of the Open Philanthropy Project, an organization that advises donors and makes grants.He has an agreement that allows Mark Zuckerberg to vote his Facebook shares.Moskovitz is married to former Wall Street Journal reporter Cari Tuna.
Hui Wing Mau chairs Shimao Property Holdings, a Hong Kong-listed real estate developer with projects in more than 80 Chinese cities.In early 2016 he became the second largest shareholder in Mason Financial Holdings, a Hong Kong-headquartered financial services business.Hui's son Jason is vice chairman at Shimao Property; daughter Carol is the chairman of Shanghai-traded Shanghai Shimao.
Lei Jun is the co-founder and chairman of Xiaomi, one of the world's most popular smartphone brands.In one of the year's biggest IPOs, Xiaomi went public on the Hong Kong Stock Exchange on July 9, 2018.Lei's first success was selling online retailer Joyo.com to Amazon in 2004 for $75 million. Lei listed Kingsoft, an antivirus software firm, on the Hong Kong Stock Exchange in 2007. He's still an investor in Kingsoft and also YY.com, which offers a real-time video app.
Fredriksen's empire includes oil tankers, dry bulkers, LNG carriers and deepwater drilling rigs. In 1960s in Beirut, he got into oil trading; in the 70s he bought his first tankers; in the 80s he ran crude for Iran and had tankers hit by missiles.His offshore drilling rig firm Seadrill emerged from bakruptcy in 2018, with Fredriksen helping to raise about $1 billion in new debt and equity.His biggest holding is Marine Harvest, now named Mowi, which has rolled up competitors to become the biggest fish farmer in the world.In January 2019, Fredriksen invested $350 million in Norwegian Air after the airline failed to find a buyer.Fredriksen gave up his Norwegian citizenship in favor of tax-haven Cyprus.Fredriksen operates out of a 30,000 square foot mansion in London and relaxes in Marbella.
Zeng is the founder and chairman of Contemporary Amperex Technology (CATL), one of the world's largest suppliers of batteries for electric vehicles. CATL, which applied to list on the Shenzhen Stock Exchange in November 2017, has clients such as BMW, Volkswagen and Geely.Zeng holds a Ph.D. from the Institute of Physics at the Chinese Academy of Sciences.CATL is headquartered in Zeng's hometown of Ningde in Fujian Province.Zeng worked at a state-owned shipbuilding company in Fujian Province early on in his career.
Robert Kuok is the richest man in Malaysia. He owns Kuok group, which has interest in hotels, real estate and commodities.He founded internationally renowned Shangri-La Hotels in Singapore in 1971.His nephew Kuok Khoon Hong runs Wilmar International, in which he has a valuable stake.In June 2019, Robert Kuok's youngest son Kuok Khoon Hua was appointed as CEO and vice chairman of Hong Kong property conglomerate Kerry Properties.Kuok started his career in business trading rice, sugar, and wheat flour in 1949
Stefano Pessina heads the world's largest drugstore chain, Walgreens Boots Alliance.Pessina's journey began in 1977 when he took over his family's pharmaceutical wholesaler, later renamed Alliance Sant, in Naples, Italy.He eventually expanded beyond Italy, merging his wholesaler with UniChem Group in 1997 and Boots Group in 2006.A year later, Pessina took Alliance Boots private in a reported $22 billion deal with private equity firm KKR.Between 2012 and 2014, Walgreens bought 100% of his pharmacy chain, creating Walgreens Boots Alliance.Pessina is a nuclear engineer by training; he owns a yacht and is known to collect art.In November 2019, reports emerged that KKR was considering a leveraged buyout of Walgreens Boots Alliance for an estimated $70 billion.
Telecom tycoon Sunil Mittal's Bharti Airtel is among India's largest mobile phone operators with more than 400 million customers.Airtel, which has SingTel as its partner, is embroiled in a bruising price war with Mukesh Ambani's Reliance Jio. Mittal also owns Airtel Payments Bank, a niche bank, in a joint venture with Kotak Mahindra Bank, controlled by fellow billionaire Uday Kotak. Mittal's son Kavin runs SoftBank-backed messaging service Hike valued at $1.5 billion.Bharti was set up in 1976 as a maker of bicycle parts. Mittal and his two siblings have pledged $1.1 billion to their charitable foundation, mainly to set up a new university to provide free education for the poor.
Son of a Bangkok street vendor, Charoen Sirivadhanabhakdi controls Thai Beverage, Thailand's largest brewer, known for its Chang beer.Other big assets include Singapore beverage and property giant Fraser & Neave.Charoen's retail empire includes hypermarket chain Big C Supercenter, acquired in 2016 for more than $6 billion. Charoen listed his privately-held property unit, Asset World Corp, in October 2019 but continues to hold a majority stake.Charoen's son Panote, who looks after the property interests, is overseeing One Bangkok, a $3.5 billion mixed-use development in the heart of Bangkok.Charoen took ThaiBev public in Singapore in 2006 after attempts to list in Thailand were derailed by protests against the promotion of alcohol.
Quek Leng Chan is the executive chairman of privately held conglomerate Hong Leong Co. (Malaysia), which has interests in finance, property and food.He inherited part of his fortune from his father, one of 3 brothers who started a banking group in the 1920s.His cousin is billionaire Kwek Leng Beng, who chairs Hong Leong Group in Singapore. He is a British-trained lawyer.
From almonds & oranges in California's Central Valley to grapefruits in South Texas, Stewart & Lynda Resnick owe their billions to nature's bounties.Nearly half of all Americans purchase one of their products, including Halos mandarin oranges, POM Wonderful and Fiji Water.In September 2019, they pledged $750 million to the California Institute of Technology for climate change crisis research.Stewart bought his first farmland parcel in California in 1978 as a hedge against inflation, thus beginning their agricultural empire.A marketing genius, Lynda dropped out of college at 19 to start her own ad agency. Stewart initially was a client for his janitorial business. They own a majority stake in the Kern Water Bank, one of California's largest underground water storage facilities.Stewart is a prostate cancer survivor and drinks 8 ounces of POM wonderful and a pomegranate pill a day. He claims he hasn't had a cold in a decade.Stewart is the son of a New Jersey bar owner who drank and gambled his money away; Lynda was a child actress who grew up Beverly Hills.
Ports tycoon Gautam Adani controls Mundra Port, India's largest, in his home state of Gujarat.His $12 billion (revenue) Adani Group's interests span power generation and transmission, real estate and commodities. Adani owns Abbott Point, a controversial coal mining project in Australia, whose Carmichael coal mine is billed as one of the world's largest.In August 2018, Adani completed the $2.6 billion acquisition of Anil Ambani-owned Reliance Infrastructure's power business in Mumbai. Adani has entered the petrochemicals sector in a $2.6 billion joint venture with Germany's BASF and has also won bids to run 6 domestic airports. Adani is a college dropout, who spurned his father's textile shop to set up a commodities export firm in 1988. Adani survived the terrorist attack in Mumbai's Taj Mahal Palace Hotel in 2008.
Finn Rausing sits on the board of packaging company Tetra Lavel with his siblings Kirsten and Jrn.Finn's grandfather founded Tetra Pak, which invented aseptic packaging technology.The new packaging made it possible to store beverages like milk and orange juice in carton instead of glass bottles.His late father, Gad, bought out Finn's uncle Hans in 1995 for an estimated $7 billion. Finn and his two siblings Kirsten and Jrn have equal stakes in TetraLaval, and together own a 17 percent stake in International Flavors & Fragrances.Finn is reportedly a financial backer of the F1 team Sauber.An attempted kidnapping of brother Jorn near his home in Sweden was foiled in 1989. The family maintains a low profile.
Kirsten Rausing owns a third of packaging company TetraLaval, and sits on the board together with her brothers Finn and Jorn.Kirsten's grandfather founded Tetra Pak, which invented aseptic packaging technology.The new packaging made it possible to store beverages like milk and orange juice in carton instead of glass bottles.Her late father, Gad, bought out Kirsten's uncle Hans in 1995 for an estimated $7 billion.Kirsten and her two siblings Finn and Jrn together own a 17 percent stake in International Flavors & Fragrances.Kirsten is an award-winning horse breeder in the UK, and is the chairman of The International Thoroughbred Breeders FederationIn 2017, Kirsten was appointed by the Queen as the Deputy Lieutenant of the County of Suffolk, UK.
Pratt is the executive chairman of Australia's biggest private company, Visy Asia-Pacific, a packaging and recycling business.The company was set up by his grandfather in 1948 in Melbourne and expanded by his late father, Richard.He also owns Atlanta's Pratt Industries, the biggest U.S. manufacturer of corrugated cardboard.His sisters Heloise Pratt and Fiona Geminder also hold stakes in Visy and are fellow billionaires.
Zhang Bangxin is the cofounder and chairman of education services firm TAL Education.TAL went public on the New York Stock Exchange on Oct. 20, 2010. Zhang holds degrees from Sichuan University and the China Europe International Business School.
Ukraine native German Khan controls Alfa Group and LetterOne (Luxembourg), with fellow billionaires Mikhail Fridman and Alexei Kuzmichev.The college pals have been partners since 1989, when they started commodities trader Alfa-Eco.He is a co-founder of Alfa Bank, the largest non-state owned bank in Russia. Alfa Group's Tyumen Oil company merged with BP's Russian assets in 2003 to form TNK-BP. After 10 years, the partners sold their 25% stake for $14 billion.Khan, who has Israeli citizenship, wanted to immigrate to Israel in the late 1980s, but Fridman convinced him to stay and start a business with him in Moscow.Together with Fridman he filed defamation lawsuits in connection with the Trump dossier against Buzzfeed and research and intelligence firm Fusion GPS.In August 2018, libel charges against the Trump dossier author, Christopher Steele, and Fusion were dismissed.
Lu Zhongfang retired from a pesticides factory in northern China's Jilin Province in 1993 and invested in test preparation firm Offcn in 1999.Lu's son Liu Yongxin chairs Offcn and is also a billionaire.Offcn Education Technology completed a backdoor listing at the Shenzhen Stock Exchange in 2019.
Saverin cofounded Facebook with Harvard classmate Mark Zuckerberg in 2004.Now a venture capitalist, he still derives most of his wealth from his 2% stake in Facebook.In 2016, he launched venture fund B Capital, with BCG and Bain Capital veteran Raj Ganguly.The fund has raised $766 million so far and invests in late-stage tech firms in Asia, Europe and the U.S.A Brazilian native, Saverin has been a Singapore resident since renouncing his U.S. citizenship in 2012 ahead of Facebook's IPO.Saverin was a competitive chess player from 1997 to 2001.Saverin counts meteorology among his interests.
Christy Walton married into what is now the richest family in the world: Walmart's Walton clan. She inherited a stake in the retailer when her husband, John Walton, died in a 2005 plane crash.Christy received about one-sixth of her husband's estate; her son, Lukas Walton, got about one-third.In 2010, she established Cuna del Mar, an investment fund that backs companies working to develop a sustainable supply of seafood.Among its investments are red snapper farmer Earth Ocean Farms and oyster farmer Sol Azul Maricultivos. Walton leads a very private life in Jackson, Wyoming.Her son, Lukas, battled cancer as a child. She reportedly claimed that an all-organic diet eliminated his tumor.
Mike Cannon-Brookes is cofounder of collaboration software firm Atlassian, based in Sydney.He and co-CEO Scott Farquhar started the company soon after graduating from college, funding it with credit cards.Atlassian, which has no sales team, boasts NASA, Tesla and SpaceX as customers.In 2017 Cannon-Brookes started working with Elon Musk to bring Musk's battery technology to southern Australia, which was suffering a power crisis.Cannon-Brookes has been a vocal advocate for reducing Australia's reliance on fossil fuels, in favor of renewable energy sources.
Scott Farquhar is cofounder of collaboration software company Atlassian, based in Sydney, Australia.He and co-CEO Mike Cannon-Brookes started the company soon after graduating from college, funding it with credit cards.Atlassian, which has no sales team, boasts NASA, Tesla and SpaceX as customers. Farquhar is cofounder of Pledge 1%, which urges companies to donate at least 1% of equity, employee time or products to charity.Farquhar and Cannon-Brookes are reportedly neighbors in Sydney, where they own the second-most and most expensive homes in Australia, respectively.
Richard Liu, who also goes by Liu Qiangdong, is the founder, chairman and chief executive officer of Chinese e-commerce firm JD.com.Liu was arrested in Minneapolis in August 2018 for alleged sexual misconduct, but the county attorney did not pursue charges after an investigation.Liu opened a retail shop in 1998, but closed it six years later and moved the business online.JD.com has alliances with both Tencent and Walmart, which in turn own stakes in the company.It's also focusing on delivery, and has developed several models of drones to carry packages to rural villages.
David Duffield founded not just one, but two successful enterprise software companies after age 40.He started PeopleSoft at 47 and sold it to Oracle for $10.7 billion in cash in 2005.At age 64 he founded the human resource and finance software company Workday, which he chairs and took public in 2012; he owns 23% of the company. Duffield started his first business at 28. As a child, he mowed lawns but says his most impactful job was a systems engineer at IBM after college.He has given $345 million to Maddie's Fund and has doled out another $400 million to, among others, his alma mater Cornell, as of June 2019.Duffield mortgaged his home to bootstrap PeopleSoft in the 1990s.Duffield says he plans to leave the bulk of his fortune to Maddie's Fund--named after his beloved schnauzer--and other charitable causes, not to his 10 children.
George Soros is a celebrated hedge fund tycoon who managed client money in New York from 1969 to 2011.In 1992, Soros shorted the British pound and reportedly made a profit of $1 billion. He became known as the man who broke the Bank of England.Soros shifted $18 billion from his family office to his Open Society Foundations as of 2018. His fund's assets are worth an estimated $8.4 billion. Soros was born in Hungary; at 17 he left the country and put himself through the London School of Economics working as a railway porter and waiter.In recent public appearances, Soros has been a vocal critic of U.S. President Donald Trump and Chinese president Xi Jingping.Soros' father was a lawyer. During the Nazi occupation he bought his family forged papers and bribed an official who then claimed Soros was his Christian godson.
Thomas Frist Jr., a former Air Force flight surgeon, founded Hospital Corp. of America with his father in 1968.He took it public for the third time in 2011 after two management buyouts.HCA owns and operates 185 hospitals and 1,800 sites of care in 21 states in the U.S. states and London.Frist Jr. doesn't have an executive position at HCA, but his sons, Thomas Frist III and William Frist, are board members.His brother, Bill Frist, was the U.S. Senate majority leader during George W. Bush's term from 2003 until 2007.Through the Frist Foundation, he and his family played an integral role in creating Nashville's Frist Art Museum, where he serves as Director Emeritus.
Zong Qinghou turned privately-owned Hangzhou Wahaha Group into one of China's largest homegrown sellers of bottled water, teas and milk drinks. Zong founded Hangzhou Wahaha as a store in a children's school in the city of Hangzhou in 1987.Zong is an outspoken advocate of lower taxes to support economic growth in China.His daughter Kelly is the heir apparent.
An engineer by trade, Shahid Khan bought auto parts supplier Flex-N-Gate from his former employer in 1980.His design for a one-piece truck bumper was the basis for his success; the company now has 66 plants worldwide and over 24,000 employees.Khan also owns the NFL's Jacksonville Jaguars, which he bought in 2012, and UK's Fulham football club, which he bought in 2013. Khan's 300-foot superyacht Kismet, which took 6 years to build, was delivered at the end of 2014.He and his son, Tony, launched All Elite Wrestling, a competitor to WWE, earlier this year.Shahid Khan arrived in the United States from Pakistan at age 16 with just $500 in his pocket. He worked nights as a dishwasher while studying at the University of Illinois Urbana-Champaign.
Aliko Dangote, Africa's richest man, founded and chairs Dangote Cement, the continent's largest cement producer.He owns 85% of publicly-traded Dangote Cement through a holding company.Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa.Dangote also owns stakes in publicly-traded salt and sugar manufacturing companies.Dangote Refinery has been under construction since 2016 and is expected to be one of the world's largest oil refineries once complete. Dangote's grandfather was a successful trader of rice and oats in Kano, Nigeria's second largest city.Dangote told Forbes that when he was young, he bought sweets, gave them to others to sell, and he kept the profits.
Xu Shihui chairs Chinese snack and beverage maker Dali Foods Group.Xu started out in the cookie business and then ended up acquiring 120 food brands.Dali went public in November 2015 on the Hong Kong Stock Exchange.Xu's daughter Xu Yangyang is a Dali vice president and executive director.Xu works seven days a week and hopes his work style inspires other managers. (He met Forbes Asia in his office in 2016 during a national holiday.)Xu is the son of a laborer who worked at Dali when it was a collective and amassed shares by turning the business around.
Zhang Fan is the chairman of touch screen maker Goodix, formerly known as Shenzhen Huiding Technology.The company manufactures semiconductor components, and offers training and hardware testing services.
Luis Carlos Sarmiento Angulo took a fortune amassed in the construction industry and invested it in banks.His Grupo Aval now controls one third of all banks in Colombia. The octogenarian still chairs the company.After graduating with a degree in engineering, he briefly worked at a construction company, but took a 10,000 pesos payout and started his own firm. He bought Colombia's largest newspaper El Tiempo in 2012 for an estimated $250 million. His construction firm is building a Grand Hyatt in Bogota, set to open in August 2018.At age 14 he worked part time at Colombia's national radio network making programs for children.He is the second youngest in a family of 9 children.
Friedhelm Loh's group of companies provides software, products and services to industries including switchgear manufacturing and utilities.His largest company, Rittal, supplies electrical enclosures, climate-control technology, power distribution gear and IT infrastructure.He inherited the business from his father, Rudolf, who invented the first mass-produced enclosures for electrical control systems.Today, the group has over 12,500 employees, 80 global subsidiaries and annual revenue of around $3 billion. Loh collects antique cars and publishes religious literature through his Christian Media Foundation.In 2011, he committed $6.8 million to establish the Rittal Foundation, supporting educational, social and scientific projects.
Andrew Beal is the founder and owner of Beal Financial Corporation, which owns Beal Bank and has assets of more than $7 billion.The Texas banker is known for gobbling up distressed assets, including mortgages, bonds backed by commercial planes and IOUs to power plants.He made a tidy sum during the Great Recession, scooping up beaten-down assets while the nation's biggest banks were being bailed out by taxpayers.Born in Lansing, Mich., he scraped together cash early on fixing used televisions.Beal, who dropped out of both Michigan State University and Baylor University, says he has subscribed to Forbes for over three decades. Beal is a high-stakes poker player who has taken on the world's top players in Las Vegas.A math enthusiast, Beal developed the Beal Conjecture in 1993, and offered $1 million to anyone who could solve it. No one has.
The former co-captain of University of Arkansas 1964 national championship team, Dallas Cowboys owner Jerry Jones has long had football in his blood. His most valuable holding is the Dallas Cowboys, which he bought for $150 million in 1989. The team is currently valued at $5.5 billion.Jones made a name for himself as an oil wildcatter, making his first million in oil investments in the 1970s.Jones still invests in drilling opportunities as well as retail and residential real estate projects in Dallas. After a 2018 deal, Jones became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company.An avid art collector, Jones' collections includes Norman Rockwell's "Coin Toss" as well as paintings by Picasso, Renoir and Matisse among others.Jones jumped into the workforce at age 9 as a customer greeter at his parent's grocery store, named Pat's Supermarket. Jones' Dallas Cowboys have been on the top of Forbes list of most valuable NFL teams for 13 consecutive years.
An heir to a Belgian sugar fortune, Eric Wittouck is a descendant of the family that founded Tiense Suicker. Wittouck's net worth has expanded dramatically thanks to Invus, a New York private equity firm that mostly manages Wittouck's money. Run by Ray Debbane, Invus has scored huge returns through investments like Blue Buffalo Pet Products and Weight Watchers. Wittouck's decision to remain fully invested in Invus is one of the greatest investment decisions ever. His cousins mostly pulled their cash out 20 years ago.
Michael Platt is the cofounder and CEO of BlueCrest Capital Management, which he started in late 2000 after nearly a decade at JP Morgan.Platt built BlueCrest into one of the world's largest hedge fund firms; at its peak, it managed more than $35 billion in assets. A push into equities and poor results led to investor exits and he returned outside investors' money in 2015, remaking BlueCrest into a family office. The firm has flourished since then, generating net returns in the 50% range in 2016, 2017 and 2019. It returned 25% in 2018.
Ernesto Bertarelli inherited biotech giant Serono, maker of the multiple sclerosis drug Rebif, following his father's death in 1998.With his sister Dona, he expanded the company to $2.4 billion in revenues before selling it to Merck for over $13 billion in 2007.Ernesto and Dona co-chair the Bertarelli Foundation, which focuses on marine conservation and life sciences research.The family's Waypoint Group has investments ranging from commercial real estate in London to drug companies.He also owns the superyacht Vava II.Kirsty, Ernesto's wife, is a former Miss UK and a singer-songwriter; she co-wrote a chart-topping song for a British girl group.A yacht enthusiast, his Team Alinghi won the America's Cup in 2003 and 2007.
Investor Gong Hongjia's fortune mainly comes from his stake in Hangzhou Hikvision Digital Technologies, a supplier of surveillance products.He is the vice chairman and the biggest individual shareholder, with an 18% stake.Gong holds permanent residency in Hong Kong.
Fashion maven Anders Holch Povlsen's fortune stems primarily from his nearly $4 billion (sales) retailer Bestseller.Povlsen's parents opened the family's first store in 1975 in the small Danish town of Ringkobing.He took over at age 28 and is now the sole owner of Bestseller.Bestseller peddles apparel under 11 brand names, including Jack & Jones, Only and Vero Moda.Povlsen also has significant stakes in retailer ASOS, online grocery store Nemlig and payments company Klarna.Povlsen owns more than 1% of all the land in Scotland.Povlsen owns a large reserve in Romania, tasked with protecting wolves, bears and lynxes.
Carl Cook took over as CEO of his parents' medical device manufacturer, Cook Group, when his father Bill died in 2011.The $2 billion (sales) company sold one of its subsidiaries Cook Pharmica to drug delivery technology company Catalent for $950 million in 2017.Cook's parents started the business in their Bloomington, Indiana apartment in 1963. Cook's father, Bill, sold medical supplies in Chicago, but hated the city, so packed up the family and moved to Indiana.With $1,500, Bill Cook bought a soldering iron, a blowtorch and plastic tubing and made then-new cardiovascular catheters.
Lakshmi Mittal serves as chairman and CEO of $76 billion (revenue) ArcelorMittal, the world's biggest steelmaker.Hailing from a steel clan, he separated from his siblings to start Mittal Steel then went on to merge the company with France's Arcelor in 2006.The company reported net profit of $5.1 billion in 2018, but suffered a $33 million loss in the first half of 2019 due to lower steel prices.ArcelorMittal completed the $2.1 billion acquisition of Italy's loss-making steel group Ilva in November 2018.In 2018, his $5.9 billion bid for bankrupt Essar Steel, once controlled by billionaires Shashi and Ravi Ruia, was accepted by Essar's creditors.Mittal has held a board seat at Goldman Sachs since 2008.Mittal has received the Padma Vibhushan, India's second highest civilian honour, and a Forbes Lifetime Achievement Award.
Wang Wenyin is chairman of cable and copper supplier Amer International Group.Shenzhen-headquartered Amer employs more than 17,000 workers.Amer's revenue in 2017 totaled $70 billion, according to company figures.
Son of a race horse breeder, Cyrus Poonawalla founded Serum Institute of India in 1966 and built it into one of the world's largest vaccine makers.Serum produces 1.5 billion doses annually of a range of vaccines, including for measles, polio and flu.His U.K.-educated son Adar is Serum's CEO and helps him run the company. He has diversified into finance with Poonawalla Finance.Serum owns Dutch vaccine maker Bilthoven Biologicals and the Czech unit of U.S. firm Nanotherapeutics.In June 2019, Poonawalla was conferred the honorary degree of the Doctor of Science by the University of Oxford in the U.K.Poonawalla contributed $5.5 million for a hospital named after his late wife, to treat the underprivileged. Son Adar, featured in Forbes Asia's Heroes of Philanthropy list, is one of the brand ambassadors for the government's 'Clean India' mission.
Telecom magnate Patrick Drahi holds 60% of the stock of Altice NV, the publicly-traded multi-national he founded. Drahi built Altice with more than 20 acquisitions of lagging cable and mobile operators and has expanded further with highly leveraged deals. Through the Netherlands-based Altice he owns 75% of Numericable, France's largest cable operator. He stormed the U.S. in 2015 by buying a 70% stake in cable operator Suddenlink for $9 billion and snapping up Cablevision for $17.7 billion.Those U.S. entities were spun off into Altice USA, which went public in June 2017.In October 2019, Drahi acquired auction house Sotheby's for about $2.6 billion, taking the 275-year-old firm private.Drahi is the son of two math teachers. Drahi was born in Casablanca, Morocco and emigrated to France as a teenager.
Blair Parry-Okeden inherited a 25% stake in Cox Enterprises in 2007 when her mother, Barbara Cox Anthony, passed away.Cox Enterprises is a $21 billion (sales) automotive and media company based in Atlanta; it owns cable TV firm Cox Communications.Blair's brother, Jim Kennedy, is the company's chairman. Her grandfather, James M. Cox, founded the company in 1898 with the purchase of Dayton's Evening News newspaper.Blair Parry-Okeden grew up in Hawaii and now lives quietly in Australia. She has no role at the company.She is a former teacher and wrote a children's book, Down By The Gate, in 1989.
Jim Kennedy is the chairman of privately-held automotive and media company Cox Enterprises; he shares ownership with his sister and cousins.In addition to being chairman, he served as CEO from 1988 to 2008; under his leadership revenues rose from $1.8 billion to $21 billion.Kennedy's grandfather, James M. Cox, founded Cox Enterprises in 1898 when he purchased the Dayton Evening News. Kennedy's first job at the company was as a production assistant in the newspaper division in 1972. He inherited his 25% stake in Cox Enterprises from his mother, Barbara Cox Anthony, who died in 2007. A noted philanthropist, Jim Kennedy and his wife Sarah focus on education, healthcare and sustainability.Jim Kennedy helped bring the Olympic Games to Atlanta in 1996.