![]() ![]() tabloid The Sun, Murdoch inherited his first newspaper from his father, a war correspondent turned publisher, at age 22. The king of the media empire that includes Fox News, The Wall Street Journal, The New York Post and U.K. #12: Rupert Murdoch Net worth: $17.7 billion | Source of wealth: Media She took over as chief executive from her father in 2016 and owns an estimated 24.6% stake in the firm, which has grown to have $4.3 trillion in managed assets. Johnson II, who founded the Boston-based mutual fund giant back in 1946. The Fidelity Investments CEO and chair is the granddaughter of Edward C. #11: Abigail Johnson Net worth: $18 billion | Source of wealth: Money management He’s now 89 and Estée Lauder’s chairman emeritus his younger brother Ronald, age 78, is the chairman of Clinique Laboratories and also a billionaire. He ran the company as CEO for more than three decades, taking it public in 1995, before stepping down from that role in 1999. Lauder owns about 20% of the cosmetics giant founded in 1946 by his parents, Estée and Joseph Lauder. #10: Leonard Lauder Net worth: $20.7 billion | Source of wealth: Estée Lauder Shares of Las Vegas Sands have lost 40% of their value in the past year. In February it completed the $6.25 billion sale of The Venetian Resort in Las Vegas to private equity firm Apollo Global Management and real estate investment trust VICI Properties. The 76-year-old owns 52% of New York Stock Exchange-listed Las Vegas Sands, which has casinos in Singapore and Macao. #9: Miriam Adelson Net worth: $25.1 billion | Source of wealth: CasinosĪdelson inherited her late husband Sheldon’s gambling empire after he died in January 2021 at age 87. Prominent in the equestrian world, she owns a Virginia horse farm that has trained Olympic medalists. 2016) she inherited an estimated one third of Mars after their father Forrest Sr. Jacqueline Mars worked at the family candy and pet food company for nearly 20 years and served on its board of directors before retiring in 2016 her son, Stephen Badger, was chairman of the board until 2020. #7 (tie): Jacqueline Mars Net worth: $29.7 billion | Source of wealth: Candy, pet food , who were co-presidents of the company starting in 1975, oversaw its expansion into a diversified global empire spanning sweets, pet food and chewing gum. 2016) each inherited an estimated one-third of the candy firm started by their grandfather Frank Mars in 1911 after their father Forrest Mars Sr.died in 1999. John, now 86, and his siblings Jacqueline and Forrest Jr. #7 (tie): John Mars Net worth: $29.7 billion | Source of wealth: Candy, pet food She has since given away about a quarter of her shares, donating $12 billion to charitable causes at a pace faster than any billionaire in modern times, Forbes estimated in April. Scott, formerly known as MacKenzie Bezos, became a billionaire in 2019 when Amazon founder Jeff Bezos transferred her a quarter of his 78.8 million shares as part of their divorce settlement, one of the largest in history. #6: MacKenzie Scott Net worth: $30.7 billion | Source of wealth: Amazon He was replaced by his son-in-law, Greg Penner, who is part of the group slated to purchase the Denver Broncos Walton still serves on the Walmart board of directors. ![]() The retailer grew from about 2,000 stores and 271,000 employees that year to 11,000 stores and more than 2.3 million employees in 2015, when he stepped down as chairman. The eldest of the Walmart founder’s children took over as chairman when his father died in 1992. #1 (tie): Charles Koch Net worth: $59.6 billion | Source of wealth: Koch Industries (Net worths are as of Thursday, June 16.) Here’s a look at who they are and where their money comes from. ![]() billionaires, according to Forbes’ estimates. That’s about 13.5% of the $4.2 trillion in wealth of all 701 U.S. Together the country’s 20 richest billionaire heirs (technically there are 23 because several are tied at number 20) are worth $568 billion. Rupert Murdoch inherited two Australian newspapers when his father died–and with those started a media empire that has grown to include Fox News, arguably the most influential cable TV network in the U.S. Forbes now pegs his fortune at just under $60 billion. Charles Koch appeared on the first Forbes 400 list of richest Americans in 1982 with a net worth of $266 million. 2019) bought out the stakes of their two brothers, Frederick and Bill, for $1.1 billion in 1983.) Charles has run the company since the death of his father, orchestrating the $13 billion acquisition of Georgia Pacific in 2005 and the estimated $13 billion purchase of cloud software firm Infor in 2020, among others. Charles Koch and his three brothers inherited most of a vastly smaller Koch Industries when their father, Fred, died in 1967. Some of these heirs took control of businesses they inherited and radically transformed them. ![]()
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