It is more difficult to enter the classification this year Forbes 400 The richest man in America since The lowest net worth on the list hit a record high of 2.9 billion Dollar. However, despite the high bar, 18 people have accumulated enough wealth to join this elite group for the first time.
The most famous faces joining the Top 400 this year: Michael Jordan, the first professional athlete to appear in these ranks. The basketball superstar made approximately $90 million during his career, but it was his actions off the court that put him among the richest people in America.For decades, every sneaker, T-shirt or sock he received came from jordan brand sold by nikeLast year alone brought him a projected income of 260 million (before tax).this charlotte hornets They also brought him a lot of money. In August, Jordan sold a majority stake in the NBA team for $3 billion, 17 times what it was worth when he became the majority owner in 2010.
Elizabeth DeLuca, the new richest person
The richest of the new billionaires is Elisabeth DeLuca (Estimated wealth $8.2 billion), Widow of Subway founder Fred DeLuca (died 2015). In August, private equity firm Roark Capital closed a deal to acquire the sandwich giant for more than $9 billion, which could mean an after-tax value of about $3.4 billion for DeLuca, Forbes reported. After her husband passed away in 2015, she inherited half of the business.
This year’s youngest newcomer is Josh Kushner, 38 years old.Son of real estate developer Charles Kushner The younger brother of Jared Kushner, who is a senior adviser to his father-in-law, President Donald TrumpHe is the first member of his family to enter the Forbes 400. He would like to thank Thrive Capital, the venture capital firm he founded in 2010 when he was 25 years old.Thrive, one of the first to support Startups Companies including Instagram, Spotify and Slack raised $175 million in January at a valuation of $5.3 billion.
Financial investment, the most popular industry
seven new members From this year’s Forbes 400 list They come from finance and investment fields, which is the largest number among all sectors. In addition to Kushner, there are three partners at venture capital firm Thoma Bravo: Seth Boro, Scott Crabill and Holden Spaht. Each has an estimated net worth of $3.3 billion; Investor Rajiv Jain ($3.1 billion), who made a risky bet on Adani Group in March; Stewart Horejsi, one of the first investors in Berkshire Hathaway ( 3 billion); and insurance giant J. Hyatt Brown (2.9 billion).
Others found fortune elsewhere. William Goldring (worth $6 billion) made his fortune from booze; his company, Sazerac, owns the Buffalo Trace Distillery and makes Fireball Cinnamon Whiskey. Couple Eren Ozmen ($3.4 billion) and Fatih Ozmen ($3.3 billion) made their fortune in aerospace. Mississippi now has two Forbes 400 members: James Duff and Thomas Duff ($3 billion each), co-owners of tire retailer Southern Tire Mart and through Its companies own other companies. holding company DAF Capital Investors. There are only two newcomers to this year’s list from the technology industry: Sanjit Biswas ($3.6 billion) and John Bicket ($3.5 billion). software San Francisco-based Samsara went public in 2021.
Here are the 18 new members of the Forbes 400 (Net worth as of September 8, 2023):
Elizabeth DeLuca and family
Net worth: $8.2 billion | Age: 76 | Source of wealth: Metro
Elizabeth DeLuca, the widow of Subway co-founder Fred DeLuca, inherited half of the sandwich company after her husband’s death in 2015. In August, Roark Capital agreed to acquire the chain in a deal reportedly worth more than $9 billion.
Annette Lerner and family
Net worth: 6.5 billion | Age: 93 | Source of wealth: Real estate
In 1952, she loaned her husband, Ted, $250 to found Lerner Enterprises, a Washington, D.C.-based real estate company. After Ted died in February, Lerner and his children became heirs to his estate, which included a Washington, D.C., real estate portfolio and the Washington Nationals baseball team.
William Goldring and family
Net worth: 6 billion | Age: 80 | Source of wealth: Alcohol
The Louisiana native is president of Sazerac Corp., an alcoholic beverage producer that owns Buffalo Trace Distillery and the Fireball Cinnamon whiskey brand.
Sangeet Biswas
Net worth: 3.6 billion | Age: 41 | Source of wealth: Sensor Systems
A former teenage engineer at Oracle, his Samsara provides tools like AI-enabled dash cams, Counseling It provides real-time driver monitoring and route mapping for customers including oilfield services company Liberty Energy, moving company PODS and pipeline giant Roto-Rooter.
Josh Kushner
Net worth: 3.6 billion | Age: 38 | Source of wealth: Venture capital
Kushner, this year’s youngest newcomer, founded venture capital firm Thrive Capital in 2010. He is the son of real estate developer Charles Kushner and the brother-in-law of Ivanka Trump, who is married to supermodel Karlie Kloss.
John Bickert
Net worth: 3.5 billion | Age: 43 | Source of wealth: Sensor Systems
He co-founded Samsara with Biswas, whom he met as computer science students at MIT.
Ellen Ozman
Net worth: 3.4 billion | Age: 65 | Source of wealth: Aerospace
Ozman, a Turkish immigrant, learned business while cleaning offices and selling baklava. His company, Sierra Space, is preparing to launch next year the Dream Chaser, the only spacecraft capable of landing on a commercial runway.
Seth Borow
Net worth: 3.3 billion | Age: 48 | Source of wealth: Private capital
Scott Crabill
Net worth: 3.3 billion | Age: 53 | Source of wealth: Private capital
hortonspart
Net worth: 3.3 billion | Age: 49 | Source of wealth: Private capital
All three are managing partners at Thoma Bravo, a venture capital firm with more than $120 billion in assets. The company’s founders, Carl Thoma and Orlando Bravo, are also on the Forbes 400 list.
Fatih Ozman
Net worth: 3.3 billion | Age: 65 | Source of wealth: Aerospace
Fatih Ozmen is the CEO of Sierra Nevada Corporation, which he co-owns with his wife, Eren Ozmen.
Rajiv Jain
Net worth: 3.1 billion | Age: 55 | Source of wealth: Finance
Jain came to the United States from India in the early 1990s and studied for an MBA at the University of Miami before working for nearly 22 years at Swiss asset management firm Vontobel. He co-founded GQG Partners in 2016. The Australian-listed company manages $107 billion in assets. GQG made a big contrarian bet on embattled Indian conglomerate Adani Group, investing more than $6 billion after a short seller in January accused the company of fraud and stock manipulation. (Adani denies the accusations).
Jeffrey Palmer
Net worth: 3.1 billion | Age: 73 | Source of wealth: Real estate
Palmer was a Los Angeles real estate developer who made a multimillion-dollar fortune building luxury residential towers in Southern California.
James Duff
Net worth: 3 billion | Age: 62 | Source of wealth: Tires, diversification
Thomas Duff
Net worth: 3 billion | Age: 66 | Source of wealth: Tires, diversification
The Duff brothers operate tire retailer Southern Tire Mart and Duff Capital Investors, and their investments include trucking company KLLM, construction company TL Wallace Construction and energy company DeepWell Energy Services.
Stuart Horatii and family
Net worth: 3 billion | Age: 86 | Source of wealth: Berkshire Hathaway
Horejsi used profits from the Kansas-based family business to start buying Berkshire Hathaway stock in 1980, when the stock price was as low as $295 a share. Berkshire’s Class A shares are currently trading at more than $500,000.
Michael Jordan
Net worth: 3 billion | Age: 60 | Source of wealth: Charlotte Hornets, sponsorships
The basketball superstar scored one of the biggest wins of his business career in August when he sold a majority stake in the NBA’s Charlotte Hornets, which he became the majority owner in 2010, at a valuation of $3 billion. 17 times the value. He has since continued to collect royalties for every Jordan Brand sneaker, T-shirt or sock sold by Nike, earning an estimated $260 million before taxes last year, nearly three times the roughly $90 million he earned in 2016. Playing career.
J. Hyatt Brown
Net worth: 2.9 billion | Age: 86 | Source of wealth: Insurance
His company, Brown & Brown, is the fifth largest insurance brokerage firm in the United States. He heads the company co-founded by his father in 1939.