![]() ![]() ![]() The listing turned him and his brother, Justin-an early investor in the family firm-into billionaires thanks to their sizable stakes in the business. Mat Ishbia Net Worth: $8.3 billion Source of wealth: Mortgage lenderįormer college basketball player Mat Ishbia turned his father's small-time mortgage lender into a nationwide brand, United Wholesale Mortgage, and took the 35-year-old company public through a merger with a SPAC in January 2021. He currently serves as vice chairman of Xiaomi and his stake in the Hong Kong-listed firm makes up 87% of his estimated net worth. Lin Bin Net Worth: $8.5 billion Source of wealth: Smartphonesīefore cofounding Xiaomi, one of the world’s largest smartphone brands, in 2010, Lin worked as an engineering director at Google and did stints at ADP and Microsoft. His shares in the Shenzhen-listed firm were worth $9.4 billion on September 3, accounting for 98% of his fortune. The University of Massachusetts graduate joins the list thanks to his stake in packaging products supplier Yunnan Energy New Material, which he also chairs. Paul Xiaoming Lee & family Net Worth: $9.5 billion Source of wealth: Packaging His net worth has dipped since then, following a drop in Coinbase’s stock price and the value of the largest cryptocurrencies. The 38-year-old cofounder of crypto exchange Coinbase took the company public in April, a debut that valued the nine-year-old firm at $86 billion and gave Armstrong an $11.8 billion fortune. © 2017 Bloomberg Finance LP Brian Armstrong Net Worth: $11.5 billion Source of wealth: Cryptocurrency Susquehanna also invests in private companies, ranging from Tiktok parent Bytedance to credit monitoring firm Credit Karma.īrian Armstrong. According to Alphacution Research, the company traded 1.8 billion stock options contracts in 2020, making up nearly a quarter of all options trades in the U.S. The former pro gambler joins The Forbes 400 thanks to his stake in trading firm Susquehanna International Group, which he cofounded in 1987 and built into one of the most successful firms on Wall Street. Jeff Yass Net Worth: $12 billion Source of wealth: Trading, investments His aim is to get as rich as possible and then give it all away. He also founded Alameda Research, a quantitative crypto trading outfit with $2.5 billion in assets under management. The 29-year-old MIT grad owes most of his $22.5 billion fortune to his stake in the cryptocurrency derivatives exchange FTX-which he cofounded in 2019-and his share of its FTT tokens. © 2021 Bloomberg Finance LP Sam Bankman-Fried Net Worth: $22.5 billion Source of wealth: Cryptocurrency A medical doctor who specializes in drug addiction, Miriam Adelson does not serve on the board of Las Vegas Sands she has served as the company’s director of community involvement since 1990. In March, the company sold its assets in Las Vegas-including the Venetian Resort and the Sands Expo and Convention Center-to alternative investment firm Apollo Global for $5 billion in cash and $1.2 billion in loans. That stake was worth roughly $19 billion on September 3, the date Forbes locked in closing stock prices for the list. Miriam Adelson Net Worth: $30.4 billion Source of wealth: CasinosĪdelson inherited her late husband’s 57% stake in Las Vegas Sands, the publicly traded gambling empire with casinos in Singapore and Macau, after his death in January. Here are the 44 new members of The Forbes 400 (net worths are as of September 3, 2021): Rounding out the 44 new entrants are the billionaire twin brothers and crypto entrepreneurs Cameron and Tyler Winklevoss, who fittingly graced the first cover of Forbes magazine to be turned into a non-fungible token in April. Another notable newcomer is philanthropist Melinda French Gates, the co-chair of the Bill and Melinda Gates Foundation, who now has an independent fortune worth an estimated $6.3 billion after the couple announced their divorce in early May. ![]()
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