Source of wealth: Self-made CK Hutchison Holdingsĭespite humble beginnings, business magnate Li Ka-shing has become the wealthiest man in Hong Kong. A year ago, the foundation pledged $25 million to fund the construction of a new teaching hospital, set to open in Austin in 2017. He's given more than $1.1 billion through the Michael and Susan Dell Foundation, which primarily supports education, social- and human-services, arts and culture, and community-development causes. After a furious battle with Carl Icahn, Dell took his computer company private again in 2013 in a deal valued at nearly $25 billion.ĭespite spending millions on fancy toys and impressive real estate, Dell is generous. Aside from a brief hiatus as CEO between 20, Dell has been the chairman and CEO of Dell Inc. Four years later, the CEO became the youngest man to ever lead a Fortune 500 company. Dell soon dropped out of college to build computers full-time and found himself at the helm of one of the fastest-growing companies in the country, with $6 million in sales in its first year of business.īy the time he was 23, the company went public and raised $30 million - $18 million of it going to Dell personally.
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While he was a premed student at the University of Texas at Austin in 1984, Michael Dell started a company called PC Ltd., the predecessor to Dell Inc., with a seed fund of $1,000.
D onald Trump has said that if elected US president, he would bring Icahn in as Treasury secretary - a position which Icahn said he would accept despite some disagreements with the combative real-estate mogul's positions. Icahn has said that he has no plans of retiring from pestering corporate executives, but a career shift may nonetheless be in the works. Now Icahn's leading the charge against AIG, publishing an open letter in January calling for the insurance giant to break up into a "smaller, simpler company." Cook has even come around to some of Icahn's views, and Icahn said in the fall that he may buy an even larger stake. When Icahn revealed that he held a stake in Apple worth more than $1 billion in 2013, the company's stock shot up and CEO Tim Cook responded to Icahn's critique of the company. Since founding his own investment firm in 1968, Icahn has become one of the most powerful people in finance, investing in scores of high-profile companies, including RJR Nabisco, Philips Petroleum, Viacom, Marvel, Time Warner, Netflix, and Herbalife.Īnd he usually gets his way. Source of wealth: Self-made Icahn EnterprisesĬarl Icahn has made a lifelong habit and lucrative career out of agitating undervalued and poorly managed companies to change their ways. The self-made billionaire also counts an extravagant lineup of cars, World War II fighter jets, real estate, and two sports teams - the Seattle Seahawks and the Portland Trailblazers - among his luxurious array of assets. In October 2015, the foundation announced seven new grants totaling $11 million to prevent future widespread Ebola outbreaks. During West Africa's Ebola pandemic in 2014, Allen gave more than $100 million to develop solutions to stem the outbreak. Allen Family Foundation gives to global health causes, including $5 million to Seattle BioMed, $4 million to Global FinPrint - a conservation project focused on the preservation of sharks worldwide - and $7 million in grants to Alzheimer's research.
With lifetime donations exceeding $2 billion, Allen's philanthropic efforts make him one of the most generous people in the world.
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The college dropout went on to found Vulcan, his private-investment vehicle, shortly after leaving the software giant.
Although Allen left the company before it went public in 1986, he remained a board member until 2000 and today holds a less than 5% stake. Seattle Seahawks owner Paul Allen walks on the field prior to their game against the Arizona Cardinals at CenturyLink Field on Novemin Seattle, Washington.Īlongside his cofounder Bill Gates, Paul Allen credits Microsoft for his fortune.
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