The Most Impressive Rags-To-Riches Stories On Forbes' Latest Billionaires List
Sheldon Adelson — Alger Score: 1.50
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Jeff Bezos — Alger Score: 1.93
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Occupation: Founder and CEO, Amazon.com
Net worth: $27.2 billion
DOB: January 12, 1964
Family income proxy value: 0.93 (Dade County, Fla. 1979 median income $31,238; USA: $33,374)
Notes: Bezos was born to a teenage mother; his stepfather was a Cuban immigrant.
Source: Forbes
Harold Simmons — Alger Score: 2.00
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Occupation: Buyout investor
Net worth: $10 billion
DOB: May 13, 1931
Family income value proxy: 1.00 (Texas 1947 per capita personal income: $1,136; USA: $1,317)
Notes: Simmons grew up in a plumbing-and-electricity-less "shack" in rural Texas. He graduated Phi Beta Kappa from UT.
Source: Forbes
John Paul DeJoria — Alger Score: 2.64
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Occupation: Founder and CEO, Paul Mitchell cosmetics
Net worth: $4 billion
DOB: April 13, 1944
Family income proxy value: 2.36 (Los Angeles County, Ca. median income in 1959: $27,649; USA: $22,210)
Notes: The son of two immigrants who later divorced, DeJoria did not attend college, joining the Navy after graduating from high school.
Source: Forbes
David Geffen — Alger Score: 2.74
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Occupation: Media Executive
Net worth: $6 billion
DOB: February 21, 1943
Family income proxy value: -0.27 (Kings County, NY median family income 1959: $22,822; USA: $22,210)
Notes: Geffen's parents emigrated from British-mandate Palestine in 1931. Geffen attended a series of colleges, including Brooklyn College, but never graduated.
Source: Forbes
Howard Schultz — Alger Score: 3.00
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Occupation: Founder and CEO, Starbucks
Net worth: $2 billion
DOB: July 19, 1953
Family income proxy value: 1 (Kings County, NY 1969 median family income $27,881; USA: $30,169)
Notes: Schultz grew up in Brooklyn's housing projects and attended Northern Michigan University on a football scholarship.
Source: Forbes
Kirk Kerkorian — Alger Score: 3.03
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Occupation: Vegas tycoon
Net worth: $3.9 billion
DOB: June 16, 1917
Family income proxy value: -0.97 (California per capita income in 1933: $546; USA: $372)
Notes: Kerkorian is the son of Armenian immigrants. He grew up during the Great Depression and never attended college.
Source: Forbes
Carl Icahn — Alger Score: 3.19
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Occupation: Founder and CEO, Icahn Capital Management
Net worth: $20.3 billion
DOB: February 16, 1936
Family income proxy value: 0.19 (New York per capita personal income, 1952: $2,047; USA: $1,751)
Notes: Icahn grew up in a lower middle class household in Queens and earned a scholarship to Princeton.
Source: Forbes
Harold Hamm — Alger Score: 5.01
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Occupation: CEO, Continental Resources
Net worth: $12.4 billion
DOB: December 11, 1945
Family income proxy value: 1.01 (Garfield County, Okla. median income in 1959: $19,200; USA $22,210)
Notes: Hamm never went to college, instead founding his own oil company at age 22 that is now worth billions.
Source: Forbes
David Green — Alger Score: 5.63
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Occupation: Founder and CEO, Hobby Lobby
Net worth: $5 billion
DOB: November 13, 1941
Family income proxy value: 5.63 (Jackson County, Okla. median family income in 1959: $16,167; USA: $22,210)
Notes: Green grew up the son of a poor preacher in rural Oklahoma and never attended college.
Source: Forbes
George Soros — Alger Score: 7
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Occupation: Founder and chairman, Soros Fund Management
Net worth: $20 billion
DOB: August 12, 1930
Family income proxy value: n/a
Notes: Soros survived the war and moved to London to live with relatives, yet for awhile had "no money and no friends."
Source: Forbes
Oprah Winfrey — Alger Score: 10.15
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Occupation: TV Host, Mogul
Net worth: $2.9 billion
DOB: January 29, 1954
Family income proxy value: 0.15 (Davidson County, Tenn. 1969 median income: $29,814; USA: $30,169)
Notes: Raised by a single parent from the deep South, Winfrey grew up shuttling in between Milwaukee and inner-city Nashville.
Source: Forbes
Jin Sook and Do Won Chang — Alger Score: 12.5
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Occupation: Co-founders (Head buyer and CEO, respectively), Forever 21
Net worth: $5 billion
Home county income proxy value: (n/a)
Notes: The couple moved to L.A. from South Korea as teenagers and have grown a single clothing store into a mega franchise.
Source: Forbes
For more tales of absurd wealth...
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