in 2002 for $6 billion. With partners sold off 100 hotels to billionaire media mogul Robert Johnson for $1.7 billion last summer. Acquired online ad shop Aquantive in May for $6 billion in cash (20% of bankroll). First movie, Duel, made for TV. Rarely sells shares. Harvard Business School grad became friends with Warren Buffett (see) in 1962. Harvard M.B.A. 1973. Became sole owner 1996. Son of Texas wildcatter Perry Bass (d. 2006). Big supporter of YMCA, Boy Scouts of America. Wife Ann (see) inherited chunk of Wal-Mart stock from father James (Bud) Walton (d. 1995), who cofounded retail giant with brother Sam 1962. Delia Jones, and many others are family members and associates of Devon. Attended Northwestern U. on football scholarship; sold insurance for 5 years after graduating. With brother Ben served Ford factory, airport workers round the clock, 6 days a week. Plans to improve Victoria's Secret and Bath & Body Works operations, buy back stock, reduce workforce. . Fortune down 53% since 2000 (back then: $36 billion). Studied real estate finance at Michigan State; spent 20s learning buyout business alongside older brother Alec (see) at Gores Technology Group. Investor in education outfit Knowledge Universe; company sold stake earlier this year to diversify ownership. Lost Hotel Macklowe to lenders early 1990s; scrapped plans to go public 1998 amid market woes caused by Japanese financial crisis. Morgan Stanley pritzker (d. 1986), who, with sons Jay (d. 1999) and Robert, created industrial conglomerate Marmon (sales: $7 billion) and hotel chain Hyatt (735 hotels worldwide). George A. Miller Scholar Outfit promptly relocated to Denver; took company back, renamed MediaOne. Owner of Minnesota Twins persuaded state legislature to put up money for new outdoor stadium in Twin Cities last year; $520 million ballpark slated to open in 2010. Today ABC Supply largest supplier of roofing and siding materials to professional contractors in the U.S. with 404 stores. Pledged $400 million to alma mater in April; 4th-largest gift ever to an educational institution. Owns stake in Staples Center arena with Philip Anschutz (see); also stakes in pro basketball's L.A. Lakers, hockey's L.A. Kings. Shopping mall mogul father bought Notre Dame grad pro football's San Francisco 49ers in 1977; team won 4 Super Bowls between 1982 and 1990. Lifetime charitable donations approaching $1 billion. Returned cash to investors in 2000, fund now manages his money only. Initially resisted family business after father offered him management job paying $160 a month. Sold real estate investment trust Equity Office Properties to Stephen Schwarzman's (see) Blackstone Group for $39 billion cash in February. Oxford grad, started with one paper, inherited at age 23. Son Bill owns movie production outfit River Road Entertainment; recent flicks include Brokeback Mountain, Fur. Bought 3 donkeys for $75 at age 15; a week later saw an ad for pack mules selling at double the price. "Otherwise you get into these small companies that eat up all your time and don't go anywhere.". Founded Pat Ryan & Associates insurance firm 1964; sold policies directly through car dealerships. Owns Four Seasons hotel in New York, resorts in California, Hawaii, Mexico. Mom, Helen, passed away April; matriarch's fortune to pass to charity over next few years. Host of famous annual media retreat in Sun Valley, Idaho. Also fights poverty, AIDS in Africa. With KKR and Goldman Sachs, agreed to buy power company TXU for $45 billion in cash and assumed debt in February; when completed, deal will be the largest leveraged buyout in history. Today company invested in electricity, nuclear services, homeland security. Leonore: Stanford grad, U.S. Chief of Protocol under Reagan. The Black Box 284. by Marquett Burton. Grew up in Pittsburgh; "Never got an A in high school." Famously signed Alex Rodriguez to 10-year, $252 million contract, traded to New York Yankees 2 years later; team still paying some of third baseman's salary. ConocoPhillips French-born computer programmer launched online auction Ebay in 1995. Cigar aficionado bought majority stake in pro football's Baltimore Ravens 2004. Launched XM Radio channel Oprah and Friends last September. Began pushing all-purpose cleaner to friends, strangers, door-to-door 1959; today more than 3 million salespeople generating $6.3 billion a year under Alticor name. Hired seasoned tech exec Eric Schmidt (see) in 2001 to run operations. Now owns 12 million square feet of office space in New York, developing 2 new office buildings in Midtown. Second-generation Greek-American born in Detroit, raised in Pasadena, Calif. . With brother Samuel Newhourse Jr. (see) took over after father's death in 1979; expanded, diversified. Space cadet building base and testing center on 300,000 acres of Texas land for his Blue Origin commercial space-travel venture. Following his bachelors, Marquett joined Teach For Americas Baltimore corp. North Carolina native took job as sales trainee at Kidder, Peabody at age 25. Black-clad digi-god suddenly a Dark Angel falling to earth. Former Frito-Lay analyst switched to selling satellite dishes 1980, later expanded into broadcasting. Jan 13, 2023,10:38am EST A Professor Deconstructs Our Attraction To Tyrannical Leaders In Pictures: The 400 Richest Americans Sep 20, 2007,06:00pm EDT This article is more than 10 years old. Sales: $4.7 billion. Sales: $91 billion. Sold in 2005 to With family controls Fidelity Investments, America's largest mutual fund company. public December 2004; shares up 260% since. With Robert Lurie (d. 1990), built business buying, selling cheap real estate. Dynastic carve-up supposed to be completed in 4 years, will likely include sales or public offerings of both Hyatt and Marmon. Lehman Brothers Studied civil engineering at Colorado State; went to work for father's employer, Kiewit Construction (now Peter Kiewit Sons'). He started repairing radios in high school to help family after WWII hurt his father's import business. into an underground science and engineering laboratory. He has a breadth of experience, spanning non-profit, government and private industry. Second wife of publisher Walter Annenberg (d. 2002). With partners bought real estate developer Irvine Co. for $337 million 1977. Bloomberg sales: $4.7 billion. His Caxton Global Investments hedge fund has returned 25% annually net of fees since. William studied engineering at Princeton, then Harvard M.B.A. Duo returned to Hong Kong 1970s. Founded Blue Star hedge fund of funds in 1999. Met partner, Stephen Ross (see); cofounded Related Group of Florida 1979. Revlon Paid $300 million in back taxes on gains from Fox Family sale after IRS probed tax shelter he, others used; told Congress that accountants gave him bad advice. Born in rural Mississippi, became TV newscaster in Nashville, Baltimore. His father, Stanley Eugene (d. 1992), created one of first commercial airlines in U.S.; it went bankrupt. Sailing aficionado producing documentary film about the youngest crew ever to sail the Transpac, semiannual yacht race from Long Beach, Calif. to Honolulu. Most men dream of living a high-value lifestyle when it comes to learning money, fitness, and dating. Staunch Democrat credits his politics to modest upbringing: "I still have fond memories of what FDR did for us.". last year as company's long-standing practice of shunning retail outlets and selling desktop PCs directly to customers over the phone or Internet floundered. Today his Red Apple Group owns $500 million worth of property; New York's Gristedes grocery chain. Graduated to real estate 1962. 30s Marquett Davon Burton As per his personal life, the hunk is possibly single and unmarried. Environmentalist Sam sent kids to alma mater, Cornell, before joining family business. The biggest challenge came in creating an effortless system for users. Sold parts to Herb, made fortune covering the country with shopping malls. Current investment strategy: "I give my money to Ron Baron (see) and blindly trust it will go up 15% a year. Plans to sell his 68% stake one day ( EMC . Later joined fellow Sun-backer Doerr. Went public 1997; shares up 63% in past 12 months. Grandfather founded company 1873 to make cast-iron and steel farming tools and cemetery accessories for Midwesterners. 417-883-7417 | Also owns luxury apartments on Upper East Side. "Investing is a lot like flying. In May Liberty swapped 68.5 million shares it held in Time Warner in exchange for that company's pro baseball Atlanta Braves, craft magazines and $960 million cash. Sent stick of gum to every person in U.S. phone book 1915. [1], California where he tested out of high school at age 16. Years of residence. Also Latin America: developing $3 billion worth of properties across 15 projects in Argentina, Colombia, Mexico. Marquett Burton. Forgot to hedge, lost half the profits. Worth the price: a $2.5 million investment in his funds in 1990 would be worth $1 billion today. Headed the Federal Reserve Highly religious: keeps stores closed on Sundays, plays contemporary Christian music in background. He was later recruited to Everfi, a leading technology company in the education industry. Staple on Republican giving circuit has donated $500 million to charity in past 2 years. Sold to Richard Rainwater (see); made name with attempted hostile takeovers of Gulf, Phillips, Unocal. Active philanthropist interested in funding research on cures for diabetes and Lou Gehrig's Disease. Exporting gourmet sensibilities to Mexico's burgeoning middle class. Started Aerotek with $3,500 and furniture purchased from Goodwill; company provided engineers to aerospace industry. Longtime Wharton supporters partnered with business school in February to design personalized executive education program for Este Lauder employees. Reinvests profits in Nextel satellite networkthen it all collapses in telecom crash of 2000. Invested proceeds in real estate: Bald Head Island in North Carolina, hotels in Galveston, Tex. With Ronald Burkle (see), made failed bid for newspaper company Gained reputation for buying into troubled companies, forcing management to improve, restructure, buy back stock; scores in 1980s with Texaco, USX. Wireless, Zazzle.com. , Bill heads franchise and property management outfit Betting on biotech: Siga Technologies looking for ways to battle bioterrorism; TransTech Pharma trying to cure Alzheimer's. Opened first hotel, Twin Bridges, 1957. Founded Date 2018. Buying, drilling natural gas wells; mulling public offering. Renamed Bloomberg LP 1987; added news service to take on Dow Jones and Reuters 3 years later. Son "Stub" took over 1981, built direct-satellite TV biz with U.S. Satellite Broadcasting. Memorial Sloan-Kettering Cancer Center in Manhattan opened a new research center funded with $100 million endowment from Zuckerman in February. for record $11.5 million in May; manly mob drama stars Joaquin Phoenix, Mark Wahlberg. Owns vineyards in New Zealand. Sports fanatic tried out for 1964 U.S. Olympic hockey team; owns Triple-A Buffalo Bisons. Initially focused on building, financing low-income housing; moved into riskier luxury buildings in New York. Medical innovator developed cardiovascular catheter using blowtorch, soldering iron and plastic tubing after stint as an Army surgeon. Owned 10 stores by age 24; made $25 million a year in revenue. Sold company for undisclosed amount to Citigroup in September. Cable pioneer founded network that became Home Box Office; traded channel with the old Time Inc. for a cable company with 1,500 Long Island customers 1973. Son Michael charged with stealing $3,000 worth of fishing equipment in Connecticut last summer. We wouldnt have been in the room with any of those players unless the efactory facilitated it, Burton says. 51% Devon's Reputation Score is (51%) Below the National Average. Winning strategy: use junk bonds to buy underperforming companies, rework balance sheets, sell for profit. Academy of Hair Designs Linda Daugherty, Chair of the Springfield Area Chamber of Commerces Small Business Council, shares tips to 417-lander Seth Harrell has a masters degree in a unique field: foresight. The Black Box is not a tale of a great man. Owns ranches on 20,000 acres on Fort Worth's Barnett Shale. Today backs Indian, U.S. tech outfits: 24/7 Customer, Bulking up nongrocery unit to compete with Wal-Mart Supercenters; in October introduced program allowing customers to purchase any of 500 generic drugs for $5. Avid art collector recently donated 2 floors of a New York City townhouse to Institute of Fine Arts of New York University. Bought channel for $550 million in 1992 with Latin American partners; sold in March to a Haim Saban (see) group for $13.7 billion. With University of California Berkeley BA Political Science Recent News and Activity There is no recent news or activity for this profile. Sold suites for $250 a night, added high-end retailers, celebrity-chef restaurants. Each chapter recounts a formative experience and concludes with a Black Box: an explanation of how a given situation helped me develop . Studied literature at Middlebury College. 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