![]() His Metromedia Fiber Network is completing installation of fiber-optic backbone for the U.S. Net worth: $7.8 billion America's onetime richest man, still going strong at 83. Net worth: $8 billion With Gap shares more than doubling in the past year, the store's cofounders, Doris and Donald, and their three sons betting on growth abroad: plan to open up to 50 additional stores in the U.K., Japan, Germany, France and Canada. Result: Company fired more than 6,000 workers - 34% of its North American staff. Business slipped 4% in 1997 as designer and discount apparel makers stole market share. founder, took the jeansmaker private in a $13 billion deal in 1996. Haas, great-great-grandnephew of Levi Strauss Co. A movement by some heirs to take the firm public was quelled last year. Net worth: $8.8 billion Grain trader Cargill Inc., world's largest privately held company (1997 sales:$56 billion), split among three family branches. Net worth: $8.8 billion One of FORBES' top ten entrepreneurs. Advance Publications' 25 newspapers continue to be fatcash cow. Now trying to turn their barely profitable Cond Nast magazine division (Vogue, Vanity Fair, New Yorker) into predictable performer under President Steven Florio. Net worth: $9 Billion Brothers just sold their Random House book publishing unit to Bertelsmann for $1.4 billion. With earnings almost doubling in fiscal 1998, gave himself $36 million compensation package - peanuts compared to his stock appreciation gains. Net worth: $10 billion Racing ahead, despite attempts by competitors to emulate the 33-year. Seems to have softened his tone as antitrust lawsuits by the Justice Department and several state attorneys general threaten to blunt company's aggressive ambitions. Net worth: $10.7 billion Bill Gates' alter ego, the abrasive "General Patton," 42, driving the business side of Microsoft. Also pet food (Whiskas, Kal-Kan), prepared food (Uncle Ben's Rice). Net worth: $13.5 billion Father, three children own supersecretive candymaker Mars, Inc. Jay, 75, and Robert, 71, stay busy with their industrial conglomerate, which includes a chewing tobacco company and Hyatt hotels. Net worth: $13.5 billion Chicago brothers hired a high-profile M&A expert from investment bank Lazard Frres last year to help spend a billion on acquisitions. Big investments in wireless networking company Metricom, U.S. The 45-year-old using his fortune for seemingly far-out investments in pursuit of his "wired world." Latest bet: $2.8 billion for Marcus Cable, the country's tenth-largest cable operator. Net worth: $21 billion Cofounder of Microsoft. Probably selling stocks on balance could sell up to $5 billion in stocks and bonds in 1998. Picked up International Dairy Queen and 129.7 million ounces of silver, unloaded big chunks of US Airways and McDonald's. Usually shuns bonds last year went long on U.S. Net worth: $33 billion Those who try to glean investment advice by watching the way Buffett, 67, steers Berkshire Hathaway have been getting mixed messages. retailer, with sales of $118 billion.Įxpansion abroad starting to pay off: international profits now $262 million, up from $24 million in fiscal 1997. ![]() Rural discount stores of 1960s now largest U.S. Net worth: $48 billion Widow, children of Wal-Mart founder Sam Walton. Net worth: $51 billion One of FORBES' top ten entrepreneurs.
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