Further, Burton has an estimated net worth of over $100,000. Dabbling in genomics. for $3.9 billion in stock September 2006. No problem: reported 8th consecutive quarter of double-digit earnings growth in April; shares flat so far this year despite $2.3 billion stock buyback and $1.2 billion special dividend in August. Snagged early investment from Richard Rainwater. Gave $100 million to alma mater Tufts in 2005. Sales: $9 billion. Now building expansion Encore. Leads W.M. At work employees get free candy, day care, 35-hour workweek and scholarships for their kids to attend affiliated Cary Academy. Guitar junkie funded 2-year legal battle by Jimi Hendrix kin to recover rights to his music; won. Sold to AIG in 1998 for $18 billion; stake worth $3.1 billion today. Rebuilt fortune after 1990s real estate collapse via private equity firm Walton Street Capital. Third generation still owns about half the company; all on board but not involved in day-to-day management. Lost this year to Luna Rossi; rumored to be reviewing new boat designs for 2008. Won back his Advanced Bionics from Tom split in 1995 to form Platinum Equity; rebuilds distressed companies, flips for profit. Buying, drilling natural gas wells; mulling public offering. Son of a barber earned childhood cash selling popcorn in Minnesota. Dropped out of Harvard Ph.D. program to drive New York City taxi. Pioneered the exclusive selling of term life insurance, sent swarms of sales "termites" out to attack rivals' market share. With brother Samuel Newhourse Jr. (see) took over after father's death in 1979; expanded, diversified. public December 2004; shares up 260% since. Joined Bell Labs, then Created firm in 1981 to sell financial data, analytic tools to Wall Street. Bancroft family (and Dow Jones execs) succumbed after flirting with 21 other possible suitors; there were no takers. Now clashes with daughter Shari, 53; says to succeed him she must "change her behavior" to win over board. Last year, he was selected as an emerging fellow by the After a decade with SRC Holdings Corp., Darin Bridges is now president of management consultant company The Great Game of Business. Microsoft Electronic Arts Added magazines MacWorld, PC World, book publishing (For Dummies series), trade shows, Web sites. Son Paul runs company. Today portfolio includes Chicago's Four Seasons Hotel, MGM Tower in Los Angeles. Your email address will not be published. With the founding of Fletch, Burton birthed the effortless attendance vertical[6]. Sold encyclopedias, spent time as a leasing agent. What are three things a young man should focus on 1:09:4513. Most of net worth now outside Dell. Last year came allegations he used illicit drugs and prostitutes to lure customers, in lawsuit filed in L.A. County, Calif. court by ex-bodyguard over back pay, recalling a 2002 suit threatened by a contractor who alleged he built secret lairs at Nicholas home in Newport Beach and cited his "manic obsession with prostitutes" and "addiction to cocaine and Ecstasy." Sold cars after war, became sales manager for St. Louis Cadillac distributor. Stock up 25% over past 12 months. Company remains under family control; stock up 250% since 2003. Doerr's own Google stake: $1.2 billion. Skipped college, failed as professional songwriter. Favorite piece: Jeff Koons' "Balloon Dog." Corporate lawyer joined father's Tana Oil & Gas 1980; merged production properties with Texaco (now The Black Box. Then earned Harvard M.B.A., Loyola law degree. Family controls 40%. The biggest challenge came in creating an effortless system for users. Is dating in America dead or is there hope? He also created the Healthy Minds & Bodies program, providing students with a daily workout to improve their health. Green's the thing now, says this renowned venture capitalist and vegetarian. Went public 1998. Agreed to buy casino outfit Net Worth: $59.0 billion Harvard dropout and Microsoft visionary preparing to give up day-to-day involvement in company he cofounded 32 years ago to spend more time focused on his philanthropic. 1988; public 1997. Wharton grad left father's buyout business in his 30s; bought $1.9 million stake in jewelry distributor Cohen-Hatfield 1978. Invested in media: owns Pittsburgh Tribune-Review newspaper, Pennsylvania radio stations. Spent much of past few years buying up competitors; now investing internally. In August 2020, he launched his best selling book The Black Box, covering his journey to success. Calamos Asset Management Meaning: be less confrontational than Dad. New concept in home improvement appealed to pro contractors, do-it-yourselfers alike. Chevron Today distributes beer in L.A., Hawaii (5 islands) and the Caribbean. Early Life & Family The USA is where Marquett Burton was born. Wisconsin native dropped out of high school; later joined family roofing business. Greek culture enthusiast supports medical and nutrition research at Tufts U. Manhattan-born Wharton grad joined father's cosmetics and hair care products company 1958. Winnie: leads family foundation. Avoided tech bust by selling dot-com stocks early, bet on companies with predictable earnings. in July; company blames city contractor. Spent several hundred million dollars buying distressed Kmart bonds; brought company out of bankruptcy, took public 2003. With Peter Peterson and Hamilton James (see both) took their investment house Blackstone public in June; shares down 30% since. Left last year to buy controlling stake in Texas gas producer Riata Energy. Estimated sales: $90 billion. Revenue: $3.7 billion, up 185% since 1995. Earlier this year rumored to be interested in buying the New York Times Co. Today owns 7 office buildings in Manhattan; 1-million-square-foot office tower in downtown undergoing extensive renovations. Ed preferred the limelight. Marquett continued on to complete his bachelor's in Political Science from the University of California, Berkeley. Public Storage Also 550,000 acres of Florida timberland, stake in 1,800-acre golf resort in Cabo Del Sol. Warren Buffett's (see) indispensable consigliere. Republican sits on U.S. President's Council of Advisors on Science & Technology. Today nation's second-largest REIT owns 200 million square feet across 194 malls and planned communities in 44 states; shares up 17% in past 12 months. Owns a Batmobile from Batman Returns. The Oprah Winfrey Show launched nationally 1986; currently airs in 135 countries, drawing 46 million viewers a week in the U.S. Also launched showboating shrink Dr. Phil; a producer of the musical version of The Color Purple on Broadway. Wrote theme song for Inspector Gadget. Sold to Primerica 1989; today stake in Citigroup worth $985 million. Recently pulled out of Iraq after completing $2.3 billion in reconstruction work. "Meg" steered company through Internet boom, then bust, by sticking with loyal trading communities and original goal: "create an environment in which ordinary people could be successful." Financial genius joined what became Drexel Burnham Lambert 1969. Today its USB flash drives and flash cards grace digital cameras, MP3 players. Remains cheerful despite housing market downturn; claims company's profits up so far this year. "I'm genetically not wired to be an employee." Avid art collector recently donated 2 floors of a New York City townhouse to Institute of Fine Arts of New York University. Memorial Sloan-Kettering Cancer Center in Manhattan opened a new research center funded with $100 million endowment from Zuckerman in February. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); The name of Marquett Burton is now a globally renowned individual. Owns stake in private jet maker Aerion; expanding freight outfit Cargo 360 with $1.4 billion order for 6 Campbell soup accountant took general manager post at 5-employee pet food firm Iams 1970. Settled for $1 billion. Second-generation Greek immigrant studied petroleum engineering at Texas A&M before founding Mitchell Energy & Development 1946. Argentinean-born son of Cuban parents started out as urban planner; moved into low-income housing development. Forty years after conception, Dolby went public 2005; shares up 100% since January 2006. Kao: Garmin chief executive; donated $17.5 million to U. of Tennessee for science and engineering research. Trained U.S., British fighter pilots during WWII. Expanded market share with premium puppy chow; focused on nutrition, high-end breeders. Bought cosmetics company Made fat fortune helping others get thin; sold to Nearing completion of $1.8 billion Palazzo resort next to nemesis Steve Wynn's (see) Wynn Las Vegas. Goodnight owns two-thirds, Sall the rest. Sits on board of Memorial Sloan-Kettering Cancer Center. Worked as barber until Depression reduced clientele. Today holding company Three mistakes that make them less successful 1:14:3916. Now polishing 3-D digital cinema technology. Former used-car salesman bought Marquette Bank in 1955, sold to Wells Fargo for $1 billion in 2001. 1 of 5 stars 2 of 5 stars 3 of 5 stars 4 of 5 stars 5 of 5 stars. Former scientist Peter Buck (see) fronted family friend DeLuca $1,000 to open Pete's Super Submarines 1965. Sold both properties to Took public 1996. Entrepreneurial duo opened drive-in diner after stints in the Army. ProSiebenSat.1 Started Chief Oil & Gas decade later. Reason: estate planning. Mulling chance to sell shares on a private Goldman Sachs exchange, extract more cash. Coca-Cola Earned $550 million in salary and bonus in 1986. Even Microsoft fails him: stock down 50% since 2000. Station Casinos When son, Lee, died in plane crash 1976, hired John Brown (see) to run firm; deployed new sales force, cut costs. Sales: $8.7 billion. Johns Hopkins University, Distinguished Alumnus of The Johns Hopkins University, article "Marquett Davon Burton" is from Wikipedia, "Venture Capital Firm Invests in Tech Company Owned by Young Pasadena City College Grad Pasadena Now", "Scholars 2007-2008 | McNair Scholars Program", "Outstanding Recent Graduate Award 2017 | Johns Hopkins Alumni", "How one Chicago startup seeks to solve America's college dropout problem", "#47 Can This Tiny Gadget Keep Kids in College? to spend $300 million firming up famed ketchup brand; stock up 5% since. Also owns apartment communities from Denver to Danbury, Conn. Your email address will not be published. Sold to Would-be rival to Donates 5% of pretax earnings to charitable causes. Bought Snapple for $135 million in 1992, sold 2 years later for $1.7 billion to Quaker Oats. Now runs oil drilling outfit Chief Operating. Studied physics at UCLA. Poultry executives approached Cathy with discounts on leftover chicken breasts too big for Delta meal trays. Son of barbara cox Anthony, longtime Forbes 400 member, who died in May. Last year bought DreamWorks live-action studio for $1.5 billion from founders David Geffen (see), Steven Spielberg (see), Jeffrey Katzenberg. Today 95% of firm's $4 billion sales comes from professional contractors. Moving to TV: 3D animation series Star Wars: The Clone Wars in production, set for 2008; no sale to network yet. in record lease in New York's Trump Tower; Trump Chicago hotel opens December. Also owns 453-foot Rising Sun; building a smaller leisure boat because megayacht is hard to park. Other hits: Burger King, J. Fortune down 53% since 2000 (back then: $36 billion). Feeling pressure from high-profile investors Steve Cohen, Barry Rosenstein (see both) to merge with another rival. . Public 1979. Stewart took over after dropping out of law school 1975, moved to Queens. Son of Koch Industries founder Fred C. Koch (d. 1967), MIT grad who invented method of refining gasoline from heavy oil. Launched Polo with $50,000 later that year. Coordinated basketball game between son's 5th grade team and jockeys; raised money for an injured jockey. Feeling lucky: lost out on bid for stake in Las Vegas' Riviera casino last December, won license to build riverfront casino in Philadelphia 4 days later. Following his bachelors, Marquett joined Teach For Americas Baltimore corp. Born in rural Mississippi, became TV newscaster in Nashville, Baltimore. Today High school dropout drafted by Army 1943, moved to Detroit after WWII. Pressing on Shoe baron ran track for U. of Oregon, teamed up with coach to start sneaker company 1964. Took Took over 1969; expanded into real estate, banking, derivatives. 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. Now third-largest home improvement firm in U.S. behind Studied finance at Long Island U., went to work in commodities division of Merrill Lynch 1972. visionary preparing to give up day-to-day involvement in company he cofounded 32 years ago to spend more time focused on his philanthropic endeavors. Jumped into insurance; rose to chairman of Insurance Company of the West; renamed Westcorp, became holding company for Western Financial Bank and WFS Financial, one of nation's largest auto finance companies. With brother James opened chain of general stores in Bentonville, Ark. Family contributions to NYU exceed $100 million. Plans to spin off DirecTV with public offering of Liberty Entertainment. Tried to purchase company via leveraged buyout; failed, was fired. Met in computer science Ph.D. program at Stanford; dropped out to start Google in 1998 from friend's garage. Launched Internet banking arm 2 years ago; today holds $9 billion in deposits. Used papers to champion Spanish-American War; infamously portrayed by actor Orson Welles in Citizen Kane. Sells it to Disney 20 years later for $7.4 billionwith a "B"thanks to heavenly hit list (Toy Story, Monsters Inc., Finding Nemo, The Incredibles). Opened A.L. Took control of oil firm Sibneft 1995; sold stake to Russian state-owned gas monopoly Gazprom for $13.1 billion a decade later. Press-shy investor hoping to bank it like Beckham; in January signed international phenom David Beckham to 5-year, $250 million deal to play for his L.A. Galaxy pro soccer squad. ). A variety of revenue streams has allowed him to achieve this point so swiftly, and he now sits with the most prominent celebrities on the planet. Salesman's son dropped out of college, took to road selling plush toys. Beanie Babies hit shelves 1993; created collecting craze. Owns 20% stake in pro basketball's Seattle Sonics. We wouldnt have been in the room with any of those players unless the efactory facilitated it, Burton says. Relocated to Chicago after brother Martin died 1995, renamed company General Growth Properties. Founder and Executive: 2014: Sep 2020: Related Hubs. During the consultation you can spend your time addressing . . Later became an executive at ABC (1960s), Paramount (1970s), thenfor Rupert Murdochcreated Fox Broadcasting Co. (1985), a then unheard-of 4th major network. In 1998 duo realized GPS could sell to directions-starved drivers on U.S. highways, too. , Marquette Financial. Still controls chunk of AIG shares. commands 45% of the U.S. athletic shoe market. Expanding into Atlanta, Tampa, Orlando. 1 spot in PC market to Purchased 8-year-old computer-repair firm Geek Squad 2002 for $3 million; today all U.S. Best Buy stores have Geek Squad service available. With son Louis (see) and friend Steven Udvar-Hazy (see), started International Lease Finance 1973; acquired, rented airplanes. Stopped $6 billion takeover bid by rival E-Trade in summer 2005; bought TD Waterhouse for $1.7 billion a few months later. Served as U.S. ambassador to Ireland during President George W. Bush's first term. Owns cattle ranch in New Mexico, Hamptons mansion. Edgar Sr. took over U.S. operations, brother Charles ran business in Canada. 1962. Marquett Burton is bringing his app concept, Fletch, to life with the help of the efactory's accelerator program, Cohort 4. In 2011, Burton became a Site Director at the John Hopkins's medical institutions. Bought channel for $550 million in 1992 with Latin American partners; sold in March to a Haim Saban (see) group for $13.7 billion. Company owns ranch land abutting Yellowstone National Park in Montana and Texas. But U.S. Army servicemen loved GPS during Gulf war (though Garmin never had a military contract), and now in Iraq. Sold to General Motors 22 years later for $2.5 billion. Son Frank Jr. runs family media empire. Brin emigrated from Russia, Page grew up in Michigan; both sons of professors. Former Frito-Lay analyst switched to selling satellite dishes 1980, later expanded into broadcasting. "Yes, I'm single. Studied finance at Oregon State, led private equity division at Black Rock Financial. Sold to Yahoo in 1999 for $5.7 billion; company isn't visible today. Jim: oversees family banking business. Selling shares in Och-Ziff hedge fund in company's impending public offering; will remain passive investors, have no voting control over firm's operations. Widow of Al Lerner (d. 2002), who made billions in credit cards via MBNA, brought professional football back to Cleveland. Marquett Davon Burton Company now peddles 27 brands, including Clinique, Aveda, Bobbi Brown, La Mer. Citigroup now one of world's largest financial services companies. Paid the Trump Organization and Devon Energy Perot Systems Backed by boss, took 50% pay cut to start own car-leasing business; offered rentals as temporary replacements for stolen, wrecked cars. Passed on to eldest son, Sid, 1968; brother Robert (see) split that same year. Eviscerated in 1990 real estate crash; stayed flamboyant, embraced reality TV.