81. JOSEPH W. LUTER III
Smithfield. 60. CEO of Smithfield Foods. Took a tumble
in past year as stock prices slipped from about $34 to about $20. Stock was hurt by
Hurricane Floyds damage to hog operations last fall and tight margins for pork
products. Smithfield is switching from pork slaughtering to hog growing. Acquired Murphy
Family Farms, the countrys largest hog producer, for $300 million. Also bought
Carrolls Foods, based in Warsaw, N.C., for $500 million. Luter also owns residences
in New York City and Aspen, Colo.
Net worth: $115 million
Confidence: B
82. BEN BENSON
Chincoteague and Bedford, N.H. 41. A shipwreck hunter.
Benson served in Navy aboard submarine, has owned oil company, real estate company and
forest products company and developed oceanfront property. His company, Sea Hunt Inc.,
discovered two ships in the Atlantic Ocean after searching for three years. The Juno sank
in 1802, possibly while carrying 22 tons of treasure worth $500 million. La Galga, a
Spanish treasure ship, sank in 1750.
Net Worth: $110 million
Confidence: B
83. HARRY F. BYRD JR.
Winchester. 84. Former U.S. senators wealth is
in The Winchester Star and the Harrisonburg Daily News-Record. In 1970, sold his share of
family apple business to oldest son, Harry F. Byrd III. Other son, Tom Byrd, is publisher
of The Winchester Star.
Net Worth: $105 million
Confidence: C
84. JAMES B. CRAWFORD
Richmond. 57. Continues to benefit as the booming
economy increases consumption of coal. James River Coal. Co., which he founded in 1988
through a leveraged buyout, has been through a spate of acquisitions and now is the second
largest producer in the prized low-sulfur, high-heat coal fields of Eastern Kentucky.
James River, with revenues of $475 million annually, still carries considerable debt and
Crawford has taken on more equity partners. But James River Coal has strong markets among
Southeastern utilities.
Net Worth: $100 million
Confidence: B
85. LUCK FAMILY
Goochland County. Luck Stone Corp. is the largest
privately held, family-run producer of aggregates in the United States. Founded in 1923,
company is led by Charles S. Luck III, chairman, and Charles S. Luck IV, president and
CEO. Current business operations include 13 quarries and three sand and gravel plants in
Virginia and one quarry in North Carolina. The companys environmental focus has been
recognized through numerous industry awards, including 10 Environmental Eagle Awards from
the National Stone Association and the Environmental Protection Agency.
Net Worth: $100 million
Confidence: B
86. ALAN T. LINGERFELT
Richmond. 45. In late 1960s and 1970s began converting
family contracting business into Lingerfelt Development Corp. Sold company in 1995 to
Pennsylvania-based Liberty Property Trust for $70 million in cash and $14 million in
shares.
Net Worth: $100 million
Confidence: C
87. F. WAYNE MCLESKEY JR.
Virginia Beach. 76. Owns more than $40 million in
commercial real estate, as well as other properties in Pennsylvania, Florida and North
Carolina. In 1998, sued two companies for fraud. In 1996, McLeskey lent $200,000 to
Tidewater Yacht Sales Inc. of Portsmouth. He claims Tidewater Yacht used money to pay off
loan to TransAmerica Commercial Finance Corp. a Chicago finance company also named
in the suit then promptly filed for Chapter 11 bankruptcy protection to keep
McLeskey from collecting.
Net Worth: $100 million
Confidence: C
88. MERCHANT FAMILY
Manassas. Family matriarch is Mae S. Merchant, 77,
widow of W. Caton Merchant, founder of Manassas-based Merchant's Inc. With three children
owns 120-store mid-Atlantic auto-service chain, which employed 1,977 people last year and
generated revenues of $345 million.
Net Worth: $100 million
Confidence: C
89. JOHN G. BALLENGER
Middleburg, 67. Started Chantilly-based Computer
Equity Corp. in 1986 and is currently president. Used funds in 1999 from
telecommunications and computer-oriented Computer Equity to start new business-to-business
Internet firm, Catalogue Engine, that uses the Web to help salespeople update their
catalogs. Got in the computer business in 1968 by founding Maryland-based Computer Data
Systems Inc. and also was chairman and president of Herndon-based systems integrator C3
Inc.
Net Worth: $97 million
Confidence: A
90. DOUGLAS H. McCORKINDALE
McLean. 60. Vice chairman and president of
Arlington-based Gannett Co., McCorkindale also became CEO this month when John Curley
retired from the communications and publishing company. Joined Gannett, which owns USA
Today, the country's largest-selling daily newspaper, in 1971. A Harlan Fiske Stone
scholar, McCorkindale graduated cum laude from Columbia Law School in 1964.
Net Worth: $96 million
Confidence: B