Monday, 22 October 2012

20.Paul Allen

Paul Allen

Net Worth
$15 B As of September 2012
At a Glance
  • Age: 59
  • Source of Wealth: Microsoft, investments, self-made
  • Residence: Mercer Island, WA
  • Country of Citizenship: United States
  • Education: Drop Out, Washington State University
  • Marital Status: Single
Forbes Lists
 
Profile
Microsoft cofounder and philanthropist Paul Allen has been enjoying an upswing in wealth and business activity lately. Shares of the software maker he started with Bill Gates have risen this year, but the real winners are his private investment portfolio (media, energy and tech) and years-long effort to rehab downtown Seattle's South Lake Union district, an urbanista paradise where more luxury rentals are going up and companies (Amazon is in 12 buildings) are moving in (although word is that Allen may be a seller here soon enough). Allen is that rare billionaire who combines passions for sports and science. He owns the Seattle Seahawks (pro football), the Portland Trailblazers (pro basketball) and is a part-owner in the Seattle Sounders FC (pro soccer). The cancer survivor also has a keen interest in neuroscience, having recently lost his mother to Alzheimer's disease. To date he has committed $500 million to the Allen Institute for Brain Science, which makes public a detailed "atlas" of genes that control the human brain. He loaned his 414-foot yacht, Octopus and its personal deep-sea remote-operated vehicle to survey populations of the rare Coelecanth and recover the bell from the British warship HMS Hood, sunk in 1941 by the Nazis. Named the most philanthropic American in 2011 by the Chronicle of Philanthropy, Allen donates prolifically to Seattle-area causes in education, the arts and health care.
 

19.Steve Ballmer

Steve Ballmer

Net Worth
$15.9 B As of September 2012
At a Glance
  • CEO, Microsoft
  • Age: 56
  • Source of Wealth: Microsoft, self-made
  • Residence: Hunts Point, WA
  • Country of Citizenship: United States
  • Education: Bachelor of Arts / Science, Harvard University; Drop Out, Stanford University
  • Marital Status: Married
  • Children: 3
Forbes Lists
 
Profile:
Steve Ballmer, CEO of Microsoft since January 2000, is intent on proving the world's biggest software firm is keeping pace with its nimbler, younger rivals. In the past several months he's unveiled a significantly new desktop and mobile operating system (Windows 8), a new tablet (Surface) to take on the iPad, and switched clunky old Hotmail to a Webbier version of Outlook. He's taken his lumps, too, in July writing down 98% of Microsoft's $6.3 billion acquisition of online display ad seller aQuantive from five years ago. During his tenure, Ballmer has tripled revenue to $70 billion and boosted profits 155% to $23 billion. The stock price? You'd have been better off with an index fund. Ballmer may be getting ready to hand over the reins: he sold 18% of his shares in November 2010 and said his keynote appearance at the giant CES trade show in January 2012 would be his last. Ballmer continues to keep a tight lid on his personal life. Colleagues say he does little more than work, spend time with his family and play basketball with buddies. He's a big hoops fan: Ballmer has been identified as part of an investor group bidding to bring a National Basketball Association team back to Seattle, which lost the SuperSonics to Oklahoma City. As for his personal philanthropy, he told one reporter, "My own world's my own world, so I continue to treat it that way." A Detroit-area native, Ballmer dropped out of a Stanford M.B.A. program to join Harvard classmate Bill Gates in 1980 as employee number 30 at Microsoft.
 

18.John Mars

John Mars

John Mars

 Net Worth

$17 B As of September 2012
At a Glance
  • Age: 76
  • Source of Wealth: candy
  • Residence: Jackson, WY
  • Country of Citizenship: United States
  • Education: Diploma, The Hotchkiss School; Bachelor of Arts / Science, Yale University
  • Marital Status: Married
  • Children: 3
Forbes Lists
 
Profile:
John Mars and his siblings, Forrest Jr. and Jacqueline, own $33 billion (estimated sales) Mars, the world's largest candy company thanks in part to its $23 billion acquisition of gum maker Wrigley's in 2008. Sales of Skittles, the candy Trayvon Martin was eating when he was killed, spiked, as people bought the chewy candy in memory of him.The candy maker's other famous brands include Milky Way, M&M's, 3 Musketeers, Twix, and Snickers, reportedly named for the Mars family's favorite horse. John's grandfather, Frank Mars, began making chocolates in 1911 in his Tacoma, Wash. kitchen. His father, Forrest Sr., joined the company in 1929, around same time when the firm invented malt-flavored nougat that became the basis of Milky Way and Snickers; also M&M's, over 400 million of which are produced in the United States each day.. It also owns food brands like Uncle Ben's Rice and pet food brand Whiskas. Mars is a noted supporter of the Fred W. Smith National Library for the Study of George Washington.
 

17.Jacqueline Mars

Jacqueline Mars

Jacqueline Mars

 Net Worth

$17 B As of September 2012
At a Glance
  • Age: 73
  • Source of Wealth: candy
  • Residence: The Plains, VA
  • Country of Citizenship: United States
  • Education: Bachelor of Arts / Science, Bryn Mawr College
  • Marital Status: Divorced
  • Children: 3
Forbes Lists
Profile:
Jacqueline Mars and her two brothers, John and Forrest Jr, own the largest candy company in the world, $33 billion (estimated sales) Mars, thanks in part to its $23 billion acquisition of gum maker Wrigley's in 2008. Sales in Skittles, the candy Trayvon Martin was eating when he was shot, jumped as people bought the colored chewy candies in support of Martin. The candy maker's other famous brands include Milky Way, M&M's, 3 Musketeers, Twix, and Snickers, reportedly named for the Mars family's favorite horse. Jacqueline's grandfather, Frank Mars, began making chocolates in 1911 in his Tacoma, Wash. kitchen. Her father, Forrest Sr., joined the company in 1929, around same time when the firm invented malt-flavored nougat that became the basis of Milky Way and Snickers; also M&M's, over 400 million of which are produced in the United States each day.. Mars also owns consumer and pet food brands including Uncle Ben's Rice and Whiskas. Jacqueline is a trustee of the United States Equestrian team and sits on the board of the Washington National Opera, which completed a merger with the Kennedy Center in 2011.

16.Forrest Mars, Jr.

Forrest Mars, Jr

Forrest Mars, Jr.
Net Worth
$17 B As of September 2012
At a Glance
  • Age: 81
  • Source of Wealth: candy
  • Residence: Big Horn, WY
  • Country of Citizenship: United States
  • Education: Master of Business Administration, New York University; Diploma, The Hotchkiss School; Bachelor of Arts / Science, Yale University
  • Marital Status: Divorced
  • Children: 7
Forbes Lists
 
Profile:
Forrest Mars Jr. and his siblings, John and Jacqueline, own $33 billion (estimated sales) Mars, the world's largest candy maker thanks in part to its $23 billion acquisition of gum maker Wrigley's in 2008. Sales of Skittles, the candy Trayvon Martin was eating when he was killed, spiked in the aftermath of the shooting as people bought the chewy candies in a sign of support of him. The candy maker's other famous brands include Milky Way, M&M's, 3 Musketeers, Twix and Snickers, reportedly named for the Mars family's favorite horse. Forrest's grandfather, Frank Mars, began making chocolates in 1911 in his Tacoma, Wash. kitchen. His father, Forrest Sr., joined the company in 1929, around same time when the firm invented malt-flavored nougat that became the basis of Milky Way and Snickers; also M&M's, over 400 million of which are produced in the United States each day. Mars also owns consumer and pet food brands including Uncle Ben's Rice and Whiskas. Forrest made headlines in 2011 for protesting the construction of a Montana railroad that would have facilitated coal extraction from the state because the proposed route passed through his ranch. When his attempts to block it via legal action failed, Forrest simply bought a stake in the railroad and adjusted the route accordingly. A noted history buff and preservationist, the $23 million Mars Education Center opened at Fort Ticonderoga last summer. Forrest 's former wife, Deborah, is a Ticonderoga native.
 

Wednesday, 17 October 2012

15.George Soros

George Soros

Net Worth
$19 B As of September 2012
At a Glance
  • Age: 82
  • Source of Wealth: hedge funds, self-made
  • Residence: Katonah, NY
  • Country of Citizenship: United States
  • Education: Bachelor of Arts / Science, London School of Economics
  • Marital Status: Divorced
  • Children: 5
Forbes Lists
Profile:
Legendary investor George Soros retired in 2011 and turned his hedge fund into a family office, returning just under $1 billion in assets to outside investors. Soros also brought in a new investment officer to help oversee the remaining assets belonging to his family and his foundations. His fortune is down due to a reported drop in performance but also because our new estimate subtracts sums we believe he manages for his foundation. Born in Budapest, Soros survived the Nazi occupation of Hungary and went on to study at the London School of Economics before launching storied hedge fund firm Quantum Fund Management in 1969. Outspoken on world economic policies and an unapologetic proponent of European integration, Soros has recently called the design of the euro "very flawed" and described the situation as an "existential crisis" for Europe. Since 1979 Soros has given away $8.5 billion to human rights, education and public health groups; $6 billion has gone to international causes and estimated $400 million to fight poverty. Among his notable recent gifts: $160 million toward improving the lives of Europe's Roma minority and $100 million to overcome barriers faced by African American boys and men. Soros has also committed $150 million to combating corruption and promoting transparency in governments around the world. His efforts have resulted in the creation of organizations such as Revenue Watch, which works to ensure that citizens benefit from their country's natural resources. In August 2012, at his 82nd birthday party at his summer home in Southampton, Soros announced that he and his girlfriend, Tamiko Bolton, are engaged. Bolton is 42 years Soros' junior and will become the financier's third wife. The couple plans to marry in the summer of 2013.

14.Larry Page

Larry Page

Net Worth
$20.3 B As of September 2012
At a Glance
  • CEO, Google
  • Age: 39
  • Source of Wealth: Google, self-made
  • Residence: Palo Alto, CA
  • Country of Citizenship: United States
  • Education: Master of Science, Stanford University; Bachelor of Arts / Science, University of Michigan
  • Marital Status: Married
  • Children: 1
Forbes Lists
Profile
In April, Larry Page celebrated one year as the chief executive officer of Google. Don't expect him to be shouting from the rooftops in celebration, however. In June, the Google cofounder came down with a mysterious ailment that caused him to lose his voice. The illness also prevented him from speaking at the annual Google I/O developer conference and caused him to miss both Google's annual stockholders' meeting and the company's earnings call in July. He has reportedly spent time recovering in Bora Bora. Google has continued its foray into hardware with the futuristic Project Glass -- glasses with augmented reality capabilities -- and its Nexus 7 tablet, which some see as a real rival to Apple's iPad. A resident of Palo Alto, Brin is a major proponent of cleaner forms of energy. His network of houses uses new types of fuel cells, geothermal energy and rainwater capture. Both Page and Google cofounder Larry Brin are investors in electric carmaker Tesla Motors. His fortune is up by $3.6 billion over the past year to $20.3 billion due to a nearly 30% climb in the price of Google shares in the past year.