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- Here are the 44 new members of The Forbes 400 (net worths are as of September 3, 2021)
- Miriam Adelson. Net Worth: $30.4 billion. Source of wealth: Casinos. Adelson inherited her late husband’s 57% stake in Las Vegas Sands, the publicly traded gambling empire with casinos in Singapore and Macau, after his death in January.
- Sam Bankman-Fried. Net Worth: $22.5 billion. Source of wealth: Cryptocurrency. The 29-year-old MIT grad owes most of his $22.5 billion fortune to his stake in the cryptocurrency derivatives exchange FTX—which he cofounded in 2019—and his share of its FTT tokens.
- Jeff Yass. Net Worth: $12 billion. Source of wealth: Trading, investments. The former pro gambler joins The Forbes 400 thanks to his stake in trading firm Susquehanna International Group, which he cofounded in 1987 and built into one of the most successful firms on Wall Street.
Sep 8, 2020 · NEW YORK – September 8, 2020 – Forbes today released the 39th annual Forbes 400 list, the definitive ranking of the wealthiest Americans—including a comprehensive report of not only what these...
- Source: Videoconferencing
- Source: Private Equity
- Source: Electric Vehicles
- Source: Cybersecurity
- Source: Investments
- Source: Meat Processing
- Source: Furniture
- Source: Online Advertising
- Source: Beer
Long before Covid-19 quarantining at home turned his company into a household name, the 50-year-old Zoom Video Communications founder worked as a manager at Cisco’s WebEx video platform. An engineering graduate of the Shandong Institute of Business and Technology in Yantai, China, he emigrated to the U.S. in 1997 after eight failed attempts to obta...
Mnaymneh and Tamer founded New York-based private equity firm HIG Capital in 1993 in their mid-thirties and now serve as co-CEOs. HIG, which has $39 billion in assets under management, excels at investing in mid-sized companies in the U.S., Europe and Latin America, including online women’s retailer Lulus and online high school yearbook vault Class...
College and high school dropout Miltonfounded electric vehicle maker Nikola Corp. in 2014 at age 33. It went public through a reverse merger in June, sending Milton’s net worth skyrocketing. The Phoenix-based company is developing electric trucks that run on pure electric or hydrogen electric powertrains. While Nikola has yet to generate revenues, ...
Xie cofounded cybersecurity firm Fortinet with his brother, Michael, in 2000 and took it public nine years later. Trained as an electrical engineer at Stanford, Fortinet wasn’t his first foray in entrepreneurship: he founded firewall software company SIS in 1993 and started IT security outfit NetScreen three years later, which was acquired by Junip...
A buyout trailblazer, Klinskyworked his way up the ranks of Goldman Sachs’ leveraged buyout unit and private equity firm Forstmann Little in the 1980s and 1990s, before striking out on his own in 1999, when he founded New Mountain Capital. It has become one of the best performing firms in the buyout industry, and Klinsky sold a 10% stake in New Mou...
The financial consultant-turned-food mogul joined meat processing giant OSI Group, then named Otto & Sons, in 1970 when he helped arrange financing for the company’s meat processing plant in Chicago. Over the years, he rose to become OSI’s majority owner, helping it expand to 17 countries. OSI was the first beef supplier to McDonald’s in 1955 and r...
In 2002 Wanek took over the reins as CEO of Ashley Furniture, the furniture manufacturer and retailer his father (and fellow Forbes 400 member) Ronaldbought in 1976. The Wisconsin-based firm continued to grow through the pandemic, opening new stores in Mexico, India, Bangladesh and Kenya while investing $22 million in a new facility in Mississippi....
Shares in Green’s online advertising firm The Trade Desk are up 83% over the past year as the company grewits data-driven advertising business and customers flocked to its platform for ads on streaming services. Green quit Microsoft to start The Trade Desk in 2009 — after selling a previous firm to the company — and took it public seven years later...
Kochstarted brewing beer in his kitchen in the 1980s using a recipe his great-great grandfather developed in the 1870s. He named the beer Samuel Adams, after the Boston-born founding father, and sold the first cases a year later on Patriot’s Day in Boston. In 1995, the company went public as the Boston Beer Company; he owns a 26% stake. While Covid...
Apr 7, 2020 · For the first half of March, 226 people lost their billionaire status and there are 58 fewer billionaires compared to the same time last year. In total, Forbes counted 2,095 billionaires.
Sep 11, 2020 · Randa Williams is among the top 10 wealthiest Houstonians on the 2020 Forbes 400 list of wealthiest Americans, with an estimated net worth of $4.8 billion, ranking at No. 139 on the list.
- Alison Medley
- Digital Reporter
Oct 5, 2021 · The aggregate wealth of The Forbes 400 reached a record-breaking $4.5 trillion, and the minimum net worth needed to make the cut for this year’s list rose to a record high of $2.9 billion, up...
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Sep 14, 2020 · Forbes calculated its 2020 list based on net worths using stock prices from July 24, 2020. Even since then there has been some massive wealth growth. Jeff Bezos, CEO and founder of...
