
|
"Corporations and their
executives who fleece the public - along
with the politicians who've made it possible -
are the worst sort of criminals." - Elke
Kolodinski
"When more than a billion people struggle to
survive on the purchasing
power equivalent of less than a
dollar a day there has to be serious
moral doubt about whether anyone should be
a billionaire." - Peter Singer
"The rich need
winners and losers in order to increase their wealth - they need only bet on the winning side." -
Danila Oder
"There can be no real freedom or democracy
until the men who do the work in a business also control its management." -
Bertrand Russell Adam Smith, in his 1776 classic, The Wealth of
Nations, said he was troubled by the fact that
corporations' owners, shareholders, did
not run their own businesses but delegated that task to professional managers. Adam
Smith believed professional managers could not be trusted to apply the
same "anxious vigilance" to manage "other people's
money" as they would their own, he wrote,
and "negligence and profusion
therefore must prevail, more or less, in the management of such a company."
From 2002 to 2007
the U.S. Justice Department won 1,236 convictions in
corporate fraud cases.
The "best interests of the
corporation" principle, a fixture of
corporate law, addresses Adam
Smith's concern by compelling corporate decision makers always to act in the best interests of
the corporation and its
shareholders.
The law forbids any other motivation for actions, whether to
assist workers, improve the
environment, or help
consumers
save money. Corporate officers can do these things
with their own money, as
private citizens but as
corporate officials, however,
stewards of other people's
money, they have no legal authority to
pursue such goals as ends in themselves - only as means to serve the
corporation's own interests - to
maximize the wealth of shareholders.
"Like
everything else the bottom line is all that matters now, whether it is in
healthcare, journalism, sports or anything else. I do remember the time when
companies at least tried to give the appearance of being socially responsible.
It seems we have lost that." - Bob McLaughlin
"Corporations have no conscience, and they
will never engage in social justice or environmental responsibility unless they
can make a buck doing it - or unless they are forced to." - Kathy Barreto
"Corporations are established
for one basic purpose: to make money by converting nature and labor into profit and more capital. The
corporation was invented to limit
liability and maximize profit. Corporate managers are required to
maximize profit, although they often arrange to give themselves enormous
salaries. They, the president and Congress will not place the interests of
workers, the community or the environment ahead of
corporate profit interests." - John
M. Lambase
"The
corporate design contained in hundreds of
corporate laws across the face of the Earth is nearly identical . . . the people who run
corporations have a legal
duty to shareholders, and that
duty is to make
money. Failing this
duty can leave directors and officers
open to being sued by shareholders. The law
dedicates the corporation to the
pursuit of its own self-interest -
and equates corporate
self-interest with shareholder
self-interest. No mention is made of
responsibility to the public interest.
Corporate law thus casts ethical
and social concerns as irrelevant, or as
stumbling blocks to the corporation's
fundamental mandate." -
corporate lawyer Robert
HinkleyAlthough corporate law has progressed to the point were
corporations have the same rights as
people and are treated as people by those laws
corporations do not have the same
emotive capacity as people which might help to
refrain them from acting in a manner which is harmful to others.
"Can we really expect our
elected representatives to
control the same
corporations whose
campaign contributions got them elected?
Until "corporate personhood" (which
gives a corporation all the rights of a
living person) is abolished, don't
expect any meaningful
corporate controls. Corporations, through
1st Amendment rights, are allowed to contribute
to election campaigns. Until the Supreme
Court overturns corporate personhood,
our elected representatives will
be voting for the good of
corporations, not for the
good of people." - Gordon Vanderslice
"The
idea that some areas of
society and life
are too precious, vulnerable, sacred, or important for the public interest to
be subject to commercial exploitation seems to be losing its
influence. Indeed, the very notion
that there is a public interest, a common good
that transcends our individual
self-interest, is slipping away.
Increasingly, we are told, commercial potential is the measure of all
value, corporations should be
free to exploit anything and anyone for
profit, and
human beings are creatures of pure
self-interest and
materialistic
desire. These are the
elements of an emerging order that may prove to be
as as any
fundamentalism that
history has produced. For on an
Earth where anything or anyone can be owned,
manipulated, and exploited for profit, everything and everyone will
eventually be." - Joe Balkan
psychopathology of the
corporation
A
corporation, with
self-interest paramount, acts
exactly as a human psychopath would. A
corporation is like a human psychopath
in that:
Corporations are
irresponsible - in an attempt to satisfy the
corporate goal, everything is at
risk'.
Corporations are
manipulative - they manipulate everything, including public
opinion.
Corporations have
delusions of grandeur - we're number
one, we're the best.
Corporations have a lack of
empathy and exhibit
antisocial tendencies - no concern
for victims.
Corporations relate to
others superficially - their whole goal is
to present themselves to the public in a way that is appealing to the public
but may not in fact be representative of the actual
organization.
Corporations
refuse to accept responsibility for their acts and
corporations are unable to feel
remorse.
The corporation, like the psychopathic
personality it resembles, is programmed to exploit nature, small business and people for
profit.
The cost of negotiated
settlements and adjudicated civil suits as well as fines for illegal activities
are seen as just another cost of doing business to the
corporation. When breaking the
law or failing to warn a product
consumer of a potential
is likely to cost less than complying
with the law or warning potential users of defects
a corporation is required by
law to do what is best for its shareholders whether
it is breaking the law or failing to warn of; lead in toys,
pharmaceutical side effects,
endocrine disruption by industrial
chemicals, etcetera ... In most cases the fines and the
civil penalties and settlements paid by the corporation are trivial compared to the
profits generated. (see General
Electric: We bring good things to life!)
Many people
falsely believe that
as the corporation is run by breathing
thinking compassionate people the
corporation therefore must have the
same traits as a compassionate person.
[A
corporation cannot exhibit
compassion because it is legally precluded from
doing so.
Compassion requires
empathy.
Compassion requires emotion!
Perhaps a corporate lawyer could explain better how a legal
construct exhibits emotion!
Never having
known of a legal construct that exhibits any
emotion it makes it hard for me to understand
how a corporation can be defined as
person. Every person I have ever met has exhibited emotion. (Emotion
shown keys us into the emotional state of the
person we are dealing with as well as letting us know they are not space aliens but real
humans!)]
Humans are notorious for their ability to
use charm as a mask to hide their
self-obsessed personalities. For
corporations,
social responsibility may
play the same role. Through it they can present
themselves as compassionate and concerned about
others when, in fact, they lack the ability
to care about anything.
-adapted from Joel Bakan
"The recent spate of Supreme Court decisions
absolving corporations of
responsibility for their wrongful or negligent conduct is not "good for
business" - unless you believe that all
business owners are scofflaws. Rather, the decisions should be characterized as
bad for consumers and ultimately
bad for justice.
Making it impossible for people injured by corporate acts (or neglect) to be
compensated for their damages essentially sends a signal that companies need
not consider the public interest, or indeed the niceties of the
law, in their relentless pursuit of
profit. That is not a
pro-business stance; it is an antisocial stance. Everyone - as a potential
victim of corporate cost-cutting,
incompetence or outright malfeasance - is significantly worse off as a result."
- J.G. Berinstein How do breathing thinking compassionate people that man the
corporate helm
survive
psychologically?
Compartmentalization!!
After having broken the law, contaminated
the environment, outsourced employment or run sweatshops the corporate officers can go home and
sleep peacefully knowing that they have
fulfilled their fiduciary roles to the stockholders. And besides -
it is all about me!
"A
corporation tends to be more
profitable to the extent it can make
other people pay the bills for its impact on
society. The corporation is an externalizing
machine, in the same way that a shark is a
killing machine. There isn't any question of
malevolence or of will; the corporation
has within it, and the shark has within it, those characteristics that enable
it to do that for which it was designed. As a result
the corporation is potentially very,
very damaging to society." - Robert
Monks
Warren Buffet, the
richest man in America, stated in May 2007 that he felt no
imperative to invest in socially responsible
corporations or to press those
corporations in which he invested to be
socially responsible."The practical business
view is that a fine is an
additional cost of doing business. A prohibited activity is not inhibited by
the threat of a fine so long as the anticipated
profits from the activity outweigh the amount of
the fine multiplied by the
probability of being apprehended and
convicted. Considering the amount of the average fine,
deterrence is improbable in most cases. The argument is even more obvious
regarding prevention of recidivism. The corporation, once convicted and
fined, will simply have learned how to cover its tracks
better." - Bruce Welling, law professor
"The truly "elite" are
the super-rich who have received massive
tax breaks while American jobs are sent
overseas in an effort to convert millionaires into billionaires. This unpatriotic action has turned the proud
post-World War II middle class into a
marginalized segment desperately fending off poverty." - David Ohman
While the billionaires just keep getting richer working
Americans are left with the bill for
American aristocracies new found
wealth. It took the federal government 100 years
to amass a debt of $5.7 trillion. During George W. Bush's first seven years that
debt was increased by $3.2 trillion to $8.9 trillion.
a billion dollars is a
thousand million dollars = $1,000,000,000
"Any fresh survey of men's
political actions shows that, in those who have
enough energy to be politically effective,
love of power is a
stronger motive than economic
self-interest.
Love of power
actuates the great billionaires, who have far more
money than they can spend, but continue to
amass wealth merely in order to
control more and more of the
world's finance." - Bertrand Russell
|
|
Net Worth |
Residence |
Specifics |
| Oil, gas & energy |
|
|
|
| Charles De Ganahl Koch |
12 billion |
Wichita, KS |
inheritance
oil, commodities |
| David Hamilton
Koch |
12 billion |
New York, NY |
inheritance
oil, commodities |
| William Ingraham
Koch |
1.3 billion |
Palm Beach, FL |
inheritance
oil |
| Robert Muse
Bass |
5.5 billion |
Fort Worth, TX |
inheritance
oil,
investments |
| Lee Marshall
Bass |
3 billion |
Fort Worth, TX |
inheritance
oil,
investments |
| Sid Richardson
Bass |
3 billion |
Fort Worth, TX |
inheritance
oil,
investments |
| Edward Perry
Bass |
2.5 billion |
Fort Worth, TX |
inheritance
oil,
investments |
| Anne Windfohr Marion |
1.3 billion |
Fort Worth, TX |
inheritance,
oil |
| William Alvin Moncrief Jr |
1 billion |
Fort Worth, TX |
inheritance
oil |
| Richard Edward
Rainwater |
2.5 billion |
Fort Worth, TX |
real estate, energy,
insurance |
| Robert
Rowling |
5.2 billion |
Dallas, TX |
inheritance
oil & gas,
investments |
| Ray Lee Hunt
|
3.2 billion |
Dallas, TX |
inheritance
oil, real estate |
| T Boone Pickens, Jr |
2.7 billion |
Dallas, TX |
oil & gas,
hedge funds |
| Trevor Rees-Jones |
1.5 billion |
Dallas, TX |
oil |
| Timothy Headington |
1.1 billion |
Dallas, TX |
oil, investments |
| Billy Joe "Red"
McCombs |
1.3 billion |
San Antonio, TX |
radio,
oil, real estate |
| Jeffrey
Hildebrand |
1 billion |
Houston, TX |
oil |
| Tracy W Krohn
|
1.4 billion |
Houston, TX |
oil |
| Dan L
Duncan |
7.5 billion |
Houston, TX |
oil, gas pipelines |
| Richard Kinder |
2.8 billion |
Houston, TX |
gas pipelines |
| George Phydias Mitchell |
2.5 billion |
The Woodlands, TX |
oil |
| David
Rockefeller Sr |
2.6 billion |
New York, NY |
oil, banking |
| Gordon Peter Getty |
2.3 billion |
San Francisco, CA |
oil inheritance |
| George B
Kaiser |
8.5 billion |
Tulsa, OK |
inheritanceoil & gas, banking |
| Aubrey K McClendon |
1.6 billion |
Oklahoma City, OK |
oil |
| Marguerite
Harbert |
1.5 billion |
Birmingham, AL |
oil inheritance |
| Richard Mellon Scaife |
1.2 billion |
Pittsburgh, PA |
inheritance
oil, banking, publishing |
| Philip F
Anschutz |
7.8 billion |
Denver, CO |
oil, gas, fiber optics |
| Phyllis Miller Taylor |
1.6 billion |
New Orleans, LA |
oil, gas |
| Tom L Ward |
1.6 billion |
Edmond, OK |
gas |
| Robert Earl
Holding |
4.2 billion |
Sun Valley, ID |
energy, resorts, ranching |
| Robert C McNair |
1.5 billion |
Houston, TX |
energy, sports |
| Hedge funds |
|
|
|
| George Soros
|
8.5 billion |
Westchester, NY |
hedge funds |
| Edward S
Lampert |
4.7 billion |
Greenwich, CT |
consumer
products,hedge funds |
| James H Simons
|
4 billion |
East Setauket, NY |
hedge funds |
| Steven A Cohen
|
3 billion |
Greenwich, CT |
hedge funds |
| Paul Tudor
Jones II |
2.5 billion |
Greenwich, CT |
hedge funds |
| Bruce Kovner
|
3 billion |
New York, NY |
hedge funds |
| Stanley Druckenmiller |
2 billion |
New York, NY |
hedge funds |
| Israel Englander |
1.2 billion |
New York, NY |
hedge funds |
| David E Shaw |
1 billion |
New York, NY |
hedge funds |
| Louis Moore Bacon |
1 billion |
London |
hedge funds |
| Kenneth C
Griffin |
1.7 billion |
Chicago, IL |
hedge funds |
| David Tepper
|
1.5 billion |
Chatham, NJ |
hedge funds |
| Samuel Wyly |
1.1 billion |
Dallas, TX |
stock trader,
hedge funds |
| Daniel Morton Ziff |
1.5 billion |
New York, NY |
publishing
inheritance,
hedge funds |
| Dirk Edward Ziff |
1.5 billion |
New York, NY |
publishing
inheritance,
hedge funds |
| Robert David Ziff |
1.5 billion |
New York, NY |
publishing
inheritance,
hedge funds |
| Leveraged buyouts |
|
|
|
| Carl Icahn |
9.7 billion |
New York, NY |
leveraged
buyouts |
| Ronald Owen Perelman |
7 billion |
New York, NY |
leveraged
buyouts |
| Henry R Kravis |
2.6 billion |
New York, NY |
leveraged
buyouts |
| Leon Black |
2 billion |
New York, NY |
leveraged
buyouts |
| Thomas Haskell Lee |
1.4 billion |
New York, NY |
leveraged
buyouts |
| George R Roberts |
2.6 billion |
San Francisco, CA |
leveraged
buyouts |
| Tom T Gores |
2 billion |
Beverly Hills, CA |
leveraged
buyouts |
| Alec Gores |
1.2 billion |
Beverly Hills, CA |
leveraged
buyouts |
| Nelson Peltz |
1.3 billion |
Bedford, NY |
leveraged
buyouts |
| Jerome Spiegel Kohlberg Jr |
1.2 billion |
Mt Kisco, NY |
leveraged
buyouts |
| Wilbur L Ross Jr |
1.2 billion |
Palm Beach, FL |
leveraged
buyouts |
| David Howard Murdock |
4.2 billion |
Los Angeles, CA |
leveraged
buyouts |
| Harold Clark
Simmons |
4.1 billion |
Dallas, TX |
leveraged
buyouts |
| Stephen A Schwarzman |
3.5 billion |
New York, NY |
leveraged
buyouts |
| J Christopher Flowers |
1.2 billion |
New York, NY |
leveraged
buyouts |
| Michael Robert Milken |
2.1 billion |
Los Angeles, CA |
junk bonds, leveraged buyouts |
| Money
management |
|
|
|
| Fayez Shalaby Sarofim |
1.5 billion |
Houston, TX |
money managment |
| Michael F Price |
1.4 billion |
Far Hills, NJ |
money managment |
| Robert Addison Day |
1.3 billion |
Los Angeles, CA |
money managment |
| Kenneth L Fisher |
1.3 billion |
Woodside, CA |
money managment |
| Julian H Robertson Jr |
1 billion |
New York, NY |
money management, wine |
| Alfred P West Jr |
1.2 billion |
Paoli, PA |
money management |
| Eli Broad |
5.8 billion |
Los Angeles, CA |
mutual
funds |
| Charles H Brandes |
2 billion |
San Diego, CA |
money management |
| Evgeny (Eugene) Markovich Shvidler
|
2.2 billion |
London, United Kingdom |
money management |
| Abigail Johnson |
13 billion |
Boston, MA |
mutual
funds |
| Edward Crosby Johnson III |
7.5 billion |
Boston, MA |
money management |
| Charles Bartlett Johnson |
4.3 billion |
San Mateo, CA |
mutual
funds |
| Rupert Harris Johnson Jr |
3.7 billion |
San Mateo, CA |
mutual
funds |
| John P Calamos |
2 billion |
Naperville, IL |
mutual
funds |
| Thomas Bailey |
1.2 billion |
Aspen, CO |
mutual
funds |
| Joseph D Mansueto |
1.2 billion |
Chicago, IL |
mutual
funds |
| Jonathan Lovelace Jr |
1.1 billion |
Los Angeles, CA |
mutual
funds |
| Elizabeth S Wiskemann |
1.1 billion |
San Rafael, CA |
mutual
funds |
| Charles R Schwab |
4.6 billion |
Atherton, CA |
discount stock
brokerage |
| J Joseph Ricketts |
2.3 billion |
Omaha, NE |
discount stock
brokerage |
| William H
Gross |
1.2 billion |
Laguna Beach, CA |
bond broker |
| Peter R Kellogg |
2.5 billion |
Short Hills, NJ |
inheritance, stock
trader |
| Insurance and banking |
|
|
|
| Warren Edward
Buffett |
46 billion |
Omaha, NE |
insurance |
| Franklin Otis Booth Jr |
1.9 billion |
Los Angeles, CA |
insurance |
| Charles T
Munger |
1.6 billion |
Los Angeles, CA |
insurance |
| Joan H Tisch |
3.4 billion |
New York, NY |
hotels, insurance, cigarettes, gas |
| Wilma Stein Tisch |
1.9 billion |
New York, NY |
hotels, insurance, cigarettes, gas |
| Maurice Raymond Greenberg |
2.8 billion |
Ocean Reef, FL |
insurance |
| Ernest S Rady |
2.2 billion |
San Diego, CA |
insurance, banking |
| Ernest E Stempel |
1.7 billion |
Haton, Bermuda |
insurance |
| Arthur L Williams Jr |
1.7 billion |
Palm Beach, FL |
insurance |
| Sanford Weill |
1.5 billion |
New York, NY |
insurance,
banking |
| Peter Benjamin Lewis |
1.4 billion |
Coconut Grove, FL |
insurance |
| William W McGuire |
1.2 billion |
Wayzata, MN |
insurance |
| George Joseph |
1 billion |
Los Angeles, CA |
insurance |
| Carl Henry Lindner Jr |
2.3 billion |
Cincinnati, OH |
insurance,
banking |
| Clemmie Dixon Spangler Jr |
2.5 billion |
Charlotte, NC |
banking |
| John Edward Anderson |
1.9 billion |
Bel Air, CA |
beer, banks, insurance, cars |
| Roland Arnall |
3 billion |
Holmby Hills, CA |
mortgage
banking |
| Carl Pohlad |
2.6 billion |
Minneapolis, MN |
banking |
| T Denny Sanford |
2.5 billion |
Sioux Falls, SD |
banking, credit cards |
| Herbert Anthony Allen Jr |
2 billion |
New York, NY |
investment banking |
| Bernard Francis Saul II |
1.8 billion |
Chevy Chase, MD |
banking, real estate |
| Gerald J Ford |
1.6 billion |
Dallas, TX |
banking |
| James Cayne |
1.1 billion |
New York, NY |
investment banking |
| Richard S Fuld Jr |
1 billion |
Greenwich, CT |
investment banking |
| Leslie Alexander |
1.2 billion |
Houston, TX |
student loans |
| Daniel Gilbert |
1.1 billion |
Livonia, MI |
mortgage
banking |
| Kenneth G Langone |
1 billion |
Sands Point, NY |
investment banking, building supplies |
| L John Doerr |
1 billion |
Woodside, CA |
venture capital |
| Publishing
inheritance |
|
|
|
| Donald Edward Newhouse |
7.3 billion |
Somerset County, NJ |
publishing
inheritance |
| Samuel Irving Newhouse Jr |
7.3 billion |
New York, NY |
publishing
inheritance |
| Pauline MacMillan Keinath |
1.6 billion |
St Louis, MO |
publishing
inheritance |
| Cargill MacMillan Jr |
1.6 billion |
Wayzata, MN |
publishing
inheritance |
| W Duncan MacMillan |
1.6 billion |
Wayzata, MN |
publishing
inheritance |
| Whitney MacMillan |
1.6 billion |
Minneapolis, MN |
publishing
inheritance |
| John Hugh MacMillan III |
1.6 billion |
Hillsboro Beach, FL |
publishing
inheritance |
| Marion MacMillan Pictet |
1.6 billion |
Haton, Bermuda |
publishing
inheritance |
| Leonore
Annenberg |
2 billion |
Wynnewood, PA |
publishing
inheritance |
| Media
conglomerate inheritance |
|
|
|
| Barbara Cox Anthony |
12.6 billion |
Honolulu, HI |
inheritance, media
conglomerate |
| Anne Cox
Chambers |
12.6 billion |
Atlanta, GA |
inheritance, media
conglomerate |
| William
Randolph Hearst III |
2.1 billion |
San Francisco, CA |
inheritance, media
conglomerate |
| Phoebe Hearst Cooke |
2 billion |
San Francisco, CA |
inheritance, media
conglomerate |
| Austin Hearst |
2 billion |
New York, NY |
inheritance, media
conglomerate |
| David Whitmire Hearst Jr |
2 billion |
Los Angeles, CA |
inheritance, media
conglomerate |
| George Randolph Hearst Jr |
2 billion |
Los Angeles, CA |
inheritance, media
conglomerate |
| Wal-Mart inheritance |
|
|
|
| Alice L
Walton |
15.5 billion |
Fort Worth, TX |
inheritance consumer
products |
| Helen R
Walton |
15.3 billion |
Bentonville, AR |
inheritance consumer
products |
| Jim C Walton
|
15.7 billion |
Bentonville, AR |
inheritance consumer
products |
| S Robson
Walton |
15.6 billion |
Bentonville, AR |
inheritance consumer
products |
| Christy
Walton |
15.6 billion |
Jackson, WY |
inheritance consumer
products |
| Ann Walton
Kroenke |
2.6 billion |
Columbia, MO |
inheritance consumer
products |
| Nancy Walton
Laurie |
2.2 billion |
Columbia, MO |
inheritance consumer
products |
| Mars, Inc.
inheritance |
|
|
|
| Forrest Edward
Mars Jr |
10.5 billion |
McLean, VA |
inheritance processed food |
| Jacqueline
Mars |
10.5 billion |
Bedminster, NJ |
inheritance processed food |
| John Franklyn
Mars |
10.5 billion |
Arlington, VA |
inheritance processed food |
| SC
Johnson & Sons inheritance |
|
|
|
| H Fisk Johnson |
1.6 billion |
Racine, WI |
chemicals
inheritance |
| Imogene Powers Johnson |
1.6 billion |
Racine, WI |
chemicals
inheritance |
| S Curtis Johnson |
1.6 billion |
Racine, WI |
chemicals
inheritance |
| Helen Johnson-Leipold |
1.6 billion |
Racine, WI |
chemicals
inheritance |
| Winnie Johnson-Marquart |
1.6 billion |
Virginia Beach, VA |
chemicals
inheritance |
| Hyatt hotels
inheritance |
|
|
|
| Anthony
Pritzker |
2 billion |
Los Angeles, CA |
inheritance hotels,
investments |
| Daniel Pritzker |
2 billion |
Marin County, CA |
inheritance hotels,
investments |
| James Pritzker |
2 billion |
Chicago, IL |
inheritance hotels,
investments |
| Jay Robert (JB) Pritzker |
2 billion |
Evanston, IL |
inheritance hotels,
investments |
| Jean (Gigi) Pritzker |
2 billion |
Chicago, IL |
inheritance hotels,
investments |
| John A Pritzker |
2 billion |
San Francisco, CA |
inheritance hotels,
investments |
| Karen Pritzker |
2 billion |
New Haven, CT |
inheritance hotels,
investments |
| Linda Pritzker |
2 billion |
St Ignatius, MT |
inheritance hotels,
investments |
| Nicholas J Pritzker II |
1.6 billion |
Chicago, IL |
inheritance hotels,
investments |
| Penny Pritzker |
2.1 billion |
Chicago, IL |
inheritance hotels,
investments |
| Thomas J Pritzker |
2.3 billion |
Chicago, IL |
inheritance hotels,
investments |
| Estee Lauder
inheritance |
|
|
|
| Leonard Alan Lauder |
2.9 billion |
New York, NY |
inheritance consumer
products |
| Ronald Steven Lauder |
2.7 billion |
New York, NY |
inheritance consumer
products |
| Campbell
Soup inheritance |
|
|
|
| Mary Alice
Dorrance Malone |
2.2 billion |
Coatesville, PA |
inheritance processed food |
| Hope Hill Van
Beuren |
1.3 billion |
Middletown, RI |
inheritance processed food |
| Charlotte Colket
Weber |
1.3 billion |
Ocala, FL |
inheritance processed food |
| Dorrance Hill
Hamilton |
1.1 billion |
Wayne, PA |
inheritance processed food |
| Bennett
Dorrance |
2.1 billion |
Paradise Valley, AZ |
inheritance processed food |
| Casinos |
|
|
|
| Sheldon Adelson |
20.5 billion |
Las Vegas, NV |
casinos, hotels |
| Kirk Kerkorian |
9 billion |
Los Angeles, CA |
casinos,
investments |
| Stephen A Wynn |
2.6 billion |
Las Vegas, NV |
casinos, hotels |
| Phillip Ruffin |
1.4 billion |
Wichita, KS |
casinos, real estate |
| William Samuel Boyd |
1.2 billion |
Las Vegas, NV |
casinos, banking |
| William Barron Hilton |
1 billion |
Los Angeles, CA |
casinos, hotels |
| Software |
|
|
|
| William
Henry Gates III |
53 billon |
Medina, WA |
software |
| Paul Gardner Allen |
16 billion |
Seattle, WA |
software,
investments |
| Steven Anthony Ballmer |
13.6 billion |
Bellevue, WA |
software |
| Charles Simonyi |
1 billon |
Medina, WA |
software |
| Lawrence Joseph Ellison |
19.5 billion |
Redwood City, CA |
software |
| James Goodnight |
4.5 billion |
Cary, NC |
software |
| John Sall |
2,2 billion |
Cary, NC |
software |
| Thomas M Siebel |
1.5 billion |
San Mateo, CA |
software |
| David A Duffield |
1.2 billion |
Incline Village, NV |
software |
| Hardware |
|
|
|
| Michael Dell |
15.5 million |
Austin, TX |
computers |
| Steven Paul Jobs |
4.9 billion |
Palo Alto, CA |
computers, entertainment |
| Theodore W Waitt |
1.7 billion |
San Diego, CA |
computers |
| Weili Dai |
1 billion |
Los Altos Hills, CA |
semiconductors |
| Gordon Earle Moore |
3.4 billion |
Woodside, CA |
semiconductors |
| Sehat Sutardja |
1 billion |
Los Altos Hills, CA |
semiconductors |
| Henry Thompson Nicholas III |
2 billion |
Laguna Hills, CA |
integrated circuits |
| Henry Samueli |
2 billion |
Newport Beach, CA |
integrated circuits |
| John Hammond Krehbiel Jr |
1 billion |
Lake Forest, IL |
interconnection
products |
| William Morean |
1 billion |
St Petersburg, FL |
circuit boards |
| Scott D Cook |
1.3 billion |
Woodside, CA |
microprocessors |
| James Kim |
1.5 billion |
Bryn Mawr, PA |
microchips |
| Internet |
|
|
|
| Sergey Brin |
14.1 billion |
Palo Alto, CA |
internet search engine |
| Larry E Page |
14 billion |
San Francisco, CA |
internet search engine |
| Eric Schmidt |
5.2 billion |
Atherton, CA |
internet search engine |
| David Filo |
2.5 billion |
Palo Alto, CA |
internet search engine |
| Jerry Yang |
2.2 billion |
Los Altos, CA |
internet search engine |
| Omid Kordestani |
1.9 billion |
Atherton, CA |
internet search engine |
| Kavitark Ram Shriram |
1.5 billion |
Mountain View, CA |
internet search engine |
| Pierre M Omidyar |
7.7 billion |
Henderson, NV |
online auction |
| Margaret C Whitman |
1.2 billion |
Atherton, CA |
online auction |
| Jeffrey P Bezos |
3.6 billion |
Seattle, WA |
online consumer
product sales |
| J Russell DeLeon |
1.8 billion |
Gibraltar |
online 'gaming' |
| Ruth Parasol |
1.8 billion |
Gibraltar |
online 'gaming' |
| Barry Diller |
1.3 billion |
New York, NY |
internet sales and services |
| John G Sperling |
1.3 billion |
Phoenix, AZ |
online education |
| Peter Sperling |
1.3 billion |
Phoenix, AZ |
online education |
| James H Clark |
1.1 billion |
Palm Beach, FL |
web browser |
| Weapons |
|
|
|
| Lester Crown |
4.1 billion |
Wilmette, IL |
weaponry |
| Ira L Rennert |
1 billion |
Suffolk, New York |
junkbonds, mining, armored
vehicles |
| Lawsuits |
|
|
|
| Jerral W Jones |
1.3 billion |
Dallas, TX |
lawsuits,
entertainment |
| Joseph Dahr Jamail Jr |
1.4 billion |
Houston, TX |
lawsuits |
| David Gottesman |
2.5 billion |
Rye, NY |
lawsuits |
| Telecom |
|
|
|
| Gary Magness |
1.1 billion |
Denver, CO |
telecom
inheritance |
| Craig O McCaw |
2.1 billion |
Seattle, WA |
telecom |
| Irwin Mark Jacobs |
1.7 billion |
La Jolla, CA |
wireless telecom |
| John P Morgridge |
1.5 billion |
Portola Valley, CA |
telecom |
| Walter Scott Jr |
1.3 billion |
Omaha, NE |
construction, telecom |
| Robert William Galvin |
1.2 billion |
Marshfield, WI |
telecom products |
| Kenny A Troutt |
1.2 billion |
Dallas, TX |
telecom |
| Mary Anselmo |
1 billion |
Greenwich, CT |
telecom |
| Broadcasting & Entertainment |
|
|
|
| Charles Ergen |
7.6 billion |
Denver, CO |
broadcasting |
| John Werner Kluge |
9.1 billion |
Palm Beach, FL |
broadcasting |
| A Jerrold Perenchio |
3 billion |
Bel Air, CA |
broadcasting |
| Mark Cuban
|
2.3 billion |
Dallas, TX |
broadcasting |
| Todd R Wagner |
1.4 billion |
Dallas, TX |
broadcasting |
| Stanley Stub Hubbard |
1.4 billion |
St Mary's Point, MN |
broadcasting |
| Edmund Newton Ansin |
1.2 billion |
Miami Beach, FL |
broadcasting |
| Keith
Rupert Murdoch |
7.7 billion |
New York, NY |
media
conglomerate |
| Sumner M
Redstone |
7.5 billion |
Beverly Hills, CA |
media
conglomerate |
| Roy Edward
Disney |
1.2 billion |
Los Angeles, CA |
media
conglomerate |
| Haim Saban |
2.8 billion |
Beverly Hills, CA |
television |
| Amos Barr Hostetter Jr |
2.6 billion |
Boston, MA |
cable television |
| Charles Francis Dolan |
2.3 billion |
Oyster Bay, NY |
cable television |
| John C Malone |
1.7 billion |
Parker, CO |
cable television |
| Oprah Winfrey
|
1.5 billion |
Chicago, IL |
television |
| Alan Gerry |
1.4 billion |
Liberty, NY |
cable television |
| Herbert Siegel |
1.3 billion |
New York, NY |
television |
| Robert L Johnson |
1 billion |
Washington, DC |
television |
| Robert E "Ted" Turner |
1.9 billion |
Lamont, FL |
cable television |
| George L Lindemann |
1.5 billion |
Palm Beach, FL |
broadcast, telecom, gas |
| Frank Batten Sr |
1.4 billion |
Virginia Beach, VA |
inheritance broadcasting |
| David Geffen |
4.6 billion |
Malibu, CA |
movies, music |
| George Lucas |
3.6 billion |
Marin County, CA |
movies |
| Steven Allen Spielberg |
2.9 billion |
Pacific Palisades, CA |
movies |
| Ray Milton Dolby |
1.7 billion |
San Francisco, CA |
entertainment |
| Amar Gopal Bose |
1.5 billion |
Framingham, MA |
entertainment |
| Robert Allen Naify |
1.2 billion |
San Francisco, CA |
movie theaters |
| Micky Arison |
5 billion |
Bal Harbour, FL |
leisure |
| Marilyn Carlson Nelson |
2 billion |
Minneapolis, MN |
leisure |
| Barbara Carlson Gage |
2 billion |
Minneapolis, MN |
leisure |
| James C France |
1.5 billion |
Daytona Beach, FL |
auto racing |
| William C France Jr |
1.5 billion |
Daytona Beach, FL |
auto racing |
| Ollen Bruton Smith |
1.4 billion |
Charlotte, NC |
race tracks |
| Jeremy Maurice Jacobs Sr |
1 billion |
East Aurora, NY |
sports concessions |
| Real
Estate |
|
|
|
| Donald L Bren |
8.5 billion |
Newport Beach, CA |
real
estate |
| Samuel Zell |
4.5 billion |
Chicago, IL |
real
estate, private
equity |
| Henry Ross Perot |
4.3 billion |
Dallas, TX |
computer services,
real estate |
| James L Sorenson |
4.3 billion |
Salt Lake City, UT |
medical
devices, real estate |
| Leonard Norman Stern |
3.7 billion |
New York, NY |
real
estate |
| Paul Milstein |
3.5 billion |
New York, NY |
real
estate |
| Matthew Bucksbaum |
3 billion |
Chicago, IL |
real
estate |
| Donald John Trump |
2.9 billion |
New York, NY |
real
estate |
| Melvin Simon |
2.6 billion |
Indianapolis, IN |
real
estate |
| Leona Mindy
Rosenthal Helmsley |
2.5 billion |
New York, NY |
real
estate |
| Stephen M Ross |
2.5 billion |
New York, NY |
real
estate |
| Mortimer Benjamin Zuckerman |
2.5 billion |
New York, NY |
real
estate |
| John Albert
Sobrato |
2.4 billion |
Atherton, CA |
real
estate |
| E Stanley Kroenke |
2.1 billion |
Columbia, MO |
sports, real
estate |
| Malcolm Glazer |
2 billion |
Palm Beach, FL |
sports, real
estate |
| Tamir Sapir |
2 billion |
New York, NY |
real
estate |
| Edward P Roski Jr |
1.8 billion |
Los Angeles, CA |
real
estate |
| Sheldon Henry Solow |
1.7 billion |
New York, NY |
real
estate |
| Neil Gary Bluhm |
1.6 billion |
Chicago, IL |
real
estate |
| George Leon Argyros |
1.6 billion |
Newport Beach, CA |
real
estate investments, land lord |
| Igor Olenicoff
|
1.6 billion |
Newport Beach, CA |
real
estate |
| Theodore N Lerner |
1.5 billion |
Washington, DC |
real
estate |
| Norma Lerner |
1.5 billion |
Cleveland, OH |
real
estate inheritance |
| Nancy Lerner |
1.5 billion |
Cleveland, OH |
real
estate inheritance |
| Randolph D Lerner |
1.5 billion |
Cleveland, OH |
real
estate inheritance |
| Alan I Casden |
1.5 billion |
Beverly Hills, CA |
real
estate |
| Steven Roth |
1.4 billion |
New York, NY |
real
estate |
| A Alfred Taubman |
1.4 billion |
Bloomfield Hills, MI |
real
estate |
| Thomas John Flatley |
1.3 billion |
Milton, MA |
real
estate |
| Carl Edwin Berg |
1.2 billion |
Atherton, CA |
real
estate |
| Timothy Blixseth |
1.2 billion |
Rancho Mirage, CA |
timberland, real estate |
| Herbert Simon |
1.2 billion |
Indianapolis, IN |
real
estate |
| Marvin J Herb |
1.1 billion |
Chicago, IL |
soft-drink bottling,
real estate |
| John P Manning |
1.1 billion |
Boston, MA |
real
estate |
| Alexander Gus Spanos |
1.1 billion |
Stockton, CA |
real
estate |
| Thomas J Barrack |
1 billion |
Santa Barbara, CA |
real
estate |
| Stephen R Karp |
1 billion |
Weston, MA |
real
estate |
| Leonard Litwin |
1 billion |
Great Neck, NY |
real
estate |
| Richard Edwin Marriott |
1.8 billion |
Potomac, MD |
hotels |
| Jorge M Perez |
1.8 billion |
Miami, FL |
condos |
| John Willard Marriott Jr |
1.7 billion |
Potomac, MD |
hotels |
| Edward John Debartolo Jr |
1.5 billion |
Tampa, FL |
shopping centers |
| Outsourcing |
|
|
|
| Blase Thomas Golisano |
1.7 billion |
Victor, NY |
outsourcing |
| Stephen J Bisciotti |
1.1 billion |
Millersville, MD |
outsourcing |
| Gary L West |
1.1 billion |
Omaha, NE |
outsourcing |
| Mary E West |
1.1 billion |
Omaha, NE |
outsourcing |
| Drugs |
|
|
|
| Patrick Soon-Shiong |
3.4 billion |
Los Angeles, CA |
generic drugs |
| Edgar M Bronfman Sr |
3.2 billion |
New York, NY |
liquor |
| Barbara Piasecka Johnson |
2.8 billion |
Monte Carlo, Monaco |
pharmaceutical
inheritance |
| Jess Stonestreet Jackson |
2.2 billion |
Healdsburg, CA |
wine |
| Brad M Kelley |
1.5 billion |
Nashville, TN |
tobacco |
| Stewart Rahr |
1.5 billion |
New York, NY |
pharmaceuticals |
| Phillip Frost |
1.4 billion |
Miami, FL |
pharmaceuticals |
| Ernest Gallo
|
1.3 billion |
Modesto, CA |
wine |
| Michael Jaharis |
1.2 billion |
New York, NY |
pharmaceuticals |
| Howard S Schultz |
1.1 billion |
Seattle, WA |
coffee |
| Consumer
products |
|
|
|
| Philip H
Knight |
7.9 billion |
Beaverton, OR |
shoes |
| Ralph Lauren |
3.9 billion |
New York, NY |
fashion |
| Mitchell P Rales |
2.6 billion |
Washington, DC |
industrial and consumer
products |
| Steven M Rales |
2.5 billion |
Washington, DC |
industrial and consumer
products |
| H Ty Warner |
4.5 billion |
Chicago, IL |
toys |
| Richard M Schulze |
3.6 billion |
Edina, MN |
electronics |
| Leslie Herbert Wexner |
3.1 billion |
Columbus, OH |
clothing |
| Clayton Lee Mathile |
2 billion |
Dayton, OH |
pet food |
| Jim Davis |
2 billion |
Newton, MA |
shoes |
| William Wrigley Jr |
1.6 billion |
Lake Forest, IL |
chewing gum |
| Michael Krasny |
1.6 billion |
Highland Park, IL |
computer and software sales |
| David Green |
1.5 billion |
Oklahoma City, OK |
hobby |
| Manny Mashouf |
1.5 billion |
Brisbane, CA |
clothing |
| Robert
E Rich Jr |
1.5 billion |
Islamorada, FL |
nondairy creamer |
| James Jannard |
1.4 billion |
San Juan Islands, WA |
sunglasses |
| John J Fisher |
1.3 billion |
San Francisco, CA |
clothing
inheritance |
| William S Kellogg |
1.3 billion |
Menomonee Falls, WI |
department stores |
| Robert Kraft |
1.3 billion |
Brookline, MA |
paper, packaging, sports teams |
| Robert J Fisher |
1.2 billion |
San Francisco, CA |
clothing |
| William Sydney Fisher |
1.2 billion |
San Francisco, CA |
clothing |
| Paul Barry Fireman |
1 billion |
Brookline, MA |
shoes |
| Donald Joyce Hall |
1.6 billion |
Mission Hills, KS |
consumer
products, broadcasting |
| James Martin
Moran |
2.4 billion |
Deerfield Beach, FL |
car sales |
| Roger S Penske |
2.2 billion |
Birmingham, MI |
car sales |
| Thomas Friedkin |
1.2 billion |
Houston, TX |
car sales |
| Medical products |
|
|
|
| William Alfred Cook |
3.2 billion |
Bloomington, IN |
medical
devices |
| John E Abele |
2.2 billion |
Boston, MA |
medical
devices |
| Ronda E Stryker |
2 billion |
Kalamazoo, MI |
medical products |
| Peter M Nicholas |
1.9 billion |
Boston, MA |
medical
devices |
| Thomas F Frist Jr |
1.8 billion |
Nashville, TN |
health care facilities |
| Jon Lloyd Stryker |
| | | |