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Nick Loeb

Nick Loeb Net Worth

2021 Net Worth:$10 Million

Net Worth:$10 Million
Full NameNicholas Mears Loeb
Birthday:August 2, 1975
Country of Origin:United States of America
Source of Wealth:Businessman, Film Producer

Nick Loeb Net Worth

Nick Loeb is an American businessman who has a net worth of $10 million. Nick Loeb is probably best-known for his former relationship with actress Sofia Vergara and the lawsuit he filed over the frozen embryos he created with her.

Nick Loeb’s father is a former United States Ambassador to Denmark (1981–1983) and served as a Delegate to the United Nations (1984). He has one half-sister from his father’s first marriage to Nina Sundby, Alexandra Loeb Driscoll. His uncle was billionaire Canadian businessman Edgar Bronfman Sr. (who was married to his father’s sister). His parents divorced when he was one year old and he was raised by his father on the Upper East Side of New York City where he attended the Collegiate School and Loomis Chaffee School. He also spent three years in Denmark where his father was posted. In 1996, his mother killed her third husband, Jeff Bauer, and then killed herself. In 1998, Loeb graduated with a B.A. in management and finance from Tulane University.

After college, he worked for Mike Nichols on the film Primary Colors at his uncle’s studio Universal Studio and then produced and had a featured role in a movie called The Smokers starring Dominique Swain, Thora Birch, and Busy Philipps. He was also a producer (along with Barbra Streisand) for the documentary PBS series The Living Century. He moved to Florida and worked with Lehman Brothers and later founded Carbon Solutions America, which provides climate change advisory services to corporate and government clients. Here, he claims to have helped to produce the country’s first carbon neutral wine.

In 2005, Loeb lost the Delray Beach, Florida city commission race. In 2008, he served as finance co-chairman for Rudy Giuliani’s 2008 presidential run. In 2009, running as a Republican with the support of Giuliani, he abandoned a state Senate campaign because he was going through a divorce from his first wife who had just been arrested for a DUI. He used his own money to compensate all the contributors to his campaign. In 2011, Loeb decided against running for the United States Senate due to health issues stemming from severe injuries incurred in a car accident in 2010.  Loeb describes himself as a “Teddy Roosevelt Republican.”

In 2006 he formed Loeb’s Foods and in April 2011, he founded the Crunchy Condiment Company, which sells Onion Crunch, a fried onion topping, with products being sold in over 17,000 locations.

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Entrepreneurs

Shelby Bryan

Shelby Bryan Net Worth

2021 Net Worth:$200 Million

Net Worth:$200 Million
Full NameJohn Shelby Bryan
Birthday:March 21, 1946
Country of Origin:United States of America
Source of Wealth:Business Executive, Entrepreneur, Venture Capitalist

Shelby Bryan Net Worth

Shelby Bryan is an American telecommunications pioneer, business executive, futurist, entrepreneur, and venture capitalist who has a net worth of $200 million. In the business world, he is best known for being the founder of Millicom International Cellular S.A. He is probably best known for being married to fashion editor Anna Wintour from 2004 until 2020. They began dating in 1999.

Bryan was born in Houston, Texas and attended Mirabeau B. Lamar High School in Houston where he excelled in football and boxing. At the age of 16 he became one of the youngest Golden Gloves contenders. Bryan received from the University of Texas a BA in 1968 and a law degree, graduating Phi Delta Phi in 1970. He was one of two law graduates in the United States chosen to work in Washington, DC for Ralph Nader, focusing on the passage of the Clean Water Act. In 1973, Bryan received an MBA from Harvard Business School.

In 1973, Bryan joined Morgan Stanley in the mergers and acquisitions department. He left in 1977 and moved to Houston to form an oil and gas company, Austin Resources Corporation, and a bank holding company, with Ned Holmes, which became Prosperity Bank, one of the largest Texas-based banks.

In 1980, Bryan moved back to New York to partner with Jan Stenbeck and set up a company, Millicom, to operate voice and data distribution which became cellular telephony. Bryan served as president of Millicom from 1981-1994. Millicom received one of the first three US cellular developmental licenses in 1981. In addition to operations in the United States, Millicom went on to form cellular joint ventures in over 20 countries throughout the world including Mexico, Hong Kong, the Soviet Union, the Philippines, and Pakistan. One of the companies, Vodafone, was formed in partnership with the British company, Racal Electronics. The company, currently at a market capitalization in excess of $200 billion, is the second-largest cellular company in the world.

In 1981, Millicom formed a company, Microtel Communications, in partnership with British Aerospace and Pacific Telesis which was awarded by the British government a personal communications network “PCN” which competed with Vodafone. The service branded as Orange was later acquired by France Telecom which subsequently changed its name to Orange.

In 1994, Bryan was asked to step in to replace the CEO of ICG Communications, which was in the midst of financial failure. Brought in by ICG’s board of directors as a change agent, Bryan turned the failing company around by immediately replacing the management team with more experienced, higher caliber professionals and implementing a new business plan. He successfully raised more than $2 billion in the financing, and from 1996–1999 revenues were raised 10 times from approximately $50 million to $500 million. By the end of 1999 ICG was carrying approximately 15% of the world’s internet traffic. That historical improvement in revenues enabled the company to grow from 125 to more than 3,500 employees. At the time, ICG was one of the first telecom companies aggressively deploying fiber in metropolitan areas.

Bryan saw the warning signs of the looming dot-com bust: an overbuilt, unpredictable industry that was over-funded. When he shared his concerns with the company’s stakeholders, his prediction was very unpopular. Bryan stepped down from his role at ICG in 2000 when the company, like most of those in the Internet business, began to face difficult times during the dot-com meltdown.

Following his departure from ICG, Bryan went on to form Pingtone Communications, one of the first VOIP (Voice over IP) companies in the United States. BusinessWeek currently lists Bryan as chairman and chief executive officer of the Washington, D.C.-based company.

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Entrepreneurs

James Simons

James Simons Net Worth

2021 Net Worth:$24 Billion

Net Worth:$24 Billion
Full NameJames Harris Simons
Birthday:25 April 1938
Country of Origin:United States of America
Source of Wealth:Mathematician, Physicist, Businessperson

James Simons Net Worth

James Simons is an American mathematician, billionaire hedge fund manager, and philanthropist with a net worth of $24 billion dollars. He is the founder of Renaissance Technologies, a hedge fund based in Setauket-East Setauket, New York. He and his fund are known to be quantitative investors, using mathematical models and algorithms to make investment gains from market inefficiencies.

Due to the long-term aggregate investment returns of Renaissance and its Medallion Fund, Simons is described as the “greatest investor on Wall Street”. As reported by Forbes, his net worth is estimated to be $23.5 billion, making him among the richest people in the United States.

Outside of finance, Simons is known for his studies on pattern recognition. He developed the Chern–Simons form (with Shiing-Shen Chern), and contributed to the development of string theory by providing a theoretical framework to combine geometry and topology with quantum field theory. In 1994, Simons founded the Simons Foundation with his wife to support researches in mathematics and fundamental sciences.

He is one of the biggest donors to the University of California, Berkeley, establishing the Simons Institute for the Theory of Computing in 2012, and to Berkeley’s Mathematical Sciences Research Institute, where he serves as a member of the Board of Trustees.

In 2016, asteroid 6618 Jimsimons, discovered by Clyde Tombaugh in 1936, was named after Simons by the International Astronomical Union in honor of his contributions to mathematics and philanthropy.

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Entrepreneurs

Bill Ackman

Bill Ackman Net Worth

2021 Net Worth:$2.3 Billion

Net Worth:$2.3 Billion
Full NameWilliam Albert Ackman
Birthday: May 11, 1966
Country of Origin:United States of America
Source of Wealth:Businessperson, Investor, Film Producer

Bill Ackman Net Worth

Bill Ackman is an American hedge fund manager and philanthropist who has a net worth of $2.3 billion. Also known as William Ackman, he is best known as the founder and CEO of Pershing Square Capital Management LP (a hedge fund management company).

Ackman was raised in Chappaqua, New York, the son of Ronnie I. (née Posner) and Lawrence David Ackman, the chairman of a New York real estate financing firm, Ackman-Ziff Real Estate Group. He is Ashkenazi Jewish. In 1988, he received a bachelor of arts degree magna cum laude in the Committee on Degrees in Social Studies from Harvard College. In 1992, he received an MBA from Harvard Business School.

In 1992, Bill Ackman founded the investment firm Gotham Partners, along with a fellow Harvard graduate. Gotham made small investments in public companies. In 2004, Ackman started Pershing Square Capital Management. In 2005, Pershing bought a significant share in the fast food chain, Wendy’s, and successfully pressured Wendy’s to sell its Tim Hortons doughnut chain. Wendy’s spun off Tim Hortons through an IPO in 2006 and raised $670 million for Wendy’s investors.

After Ackman sold his shares at a substantial profit, the stock price collapsed, raising criticism that the sale of Wendy’s fastest-growing unit left the company in a weaker market position. Ackman blamed the poor performance on their new CEO. Ackman’s funds went on to own stakes in Target Corporation, Borders Group and others. Ackman’s notorious battle with the MBIA (Municipal Bond Insurance Association), which began in 1992, was documented in a book written by Bloomberg News reporter Christine Richard called Confidence Game.

More recently BillAckman has earned headlines for his criticism of Herbalife. Ackman’s stance is that Herbalife is a pyramid scheme.

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