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MARS FAMILY
McLean and Arlington. The Mars family began making butter-cream
candies in 1911 and hasn’t looked back since.
Today Mars Inc. ranks as one of the largest privately
held companies in the world, with estimated sales last
year of $17 billion, up nearly 5 percent from 2003.
The company employs more than 31,000 people and is known
for such signature products as M&Ms, Snickers, Milky
Way and, of course, the Mars bar. John Franklin
Mars, 69, still runs the company as CEO and
resides in Arlington. Older brother Forrest
Mars Jr., 74, lives in McLean. Younger sister
Jacqueline Mars, 65, lives in Bedminster, N.J., and
has an estate in Middleburg. Forbes ranked the three
family members 32nd on this year’s list of the
world’s richest people.
Net worth: $10.4 billion
Confidence: B
SHEILA
C. JOHNSON
The Plains and Wellington, Fla. 56. Philanthropist and
CEO of Salamander Hospitality. She has opened Market
Salamander, a gourmet country market in Middleburg and
plans a 120-room resort and spa just north of town in
Loudoun County. Co-founder of Black Entertainment Television.
Net worth: $1.5 billion
Confidence: A
WINNIE
JOHNSON- MARQUART
Virginia Beach. 45. Johnson-Marquart inherited $1.5
billion after her father, Sam Johnson, died in May 2004,
according to Forbes. Johnson was chairman emeritus of
Racine, Wis.-based S.C. Johnson & Son Inc., the
makers of such household products as Windex window cleaner,
Pledge furniture polish and Glade air freshener. She
joined the family company in 1986 as project coordinator
in the corporate public affairs office. Johnson-Marquart
also is an investor in Windmark Studios, her husband’s
music studio in Virginia Beach. Serves as president
of The Johnson Family Foundation, a member of the board
of directors of the Johnson Financial Group and is a
member of the board of trustees at Norfolk Academy.
Net worth: $1.5 billion
Confidence: B
FRANK
BATTEN SR.
Virginia Beach. 78. Retired chairman, CEO and founder
of Norfolk-based Landmark Com-munications. Has enjoyed
a long relationship with Old Dominion University, serving
as one of its first rectors, dedicating the Batten Arts
and Letters Building in 1972 and donating $32 million
to the school in 2003. His son, Frank Jr., now runs
Landmark and also has served as a rector. The Virginia
Foundation for Independent Colleges honored Frank Batten
Sr. and his wife, Jane, earlier this year for his 1999
donation that provided the initial grant establishing
the foundation’s Ethics Bowl Competition for college
students. The longtime philanthropist also has pledged
$2 million to the USS Monitor Center at the Mariner’s
Museum in Newport News. Forbes magazine pegs Batten’s
net worth at $1.4 billion and this year ranks him as
the 488th richest person in the world — down from
377th last year in part because the weak U.S. dollar
pushed up foreigners’ rankings.
Net worth: $1.4 billion
Confidence: B
SMITH/KOGOD
FAMILY
Crystal City and Washington, D.C. The Charles E. Smith
companies were founded in 1946 and today are among Virginia’s
largest real estate development firms. Charles E. Smith
Residential, which specializes in buying, building and
operating apartment buildings in Washington, went public
in 1994 and merged with real estate investment trust
Archstone Communities Trust (now Archstone-Smith) of
Englewood, Colo., in 2001. Another division, Charles
E. Smith Commercial Realty, is part of Vornado Realty
Trust, a company whose 25 million square feet of office
holdings include about 60 buildings in the Washington
area. Charles E. Smith died in 1995 at 94. Son
Robert H. Smith, 76, remains a director of
Vornado and Archstone-Smith. Son-in-law Robert
P. Kogod, 73, also serves as a director at
both companies. A major project this year included a
makeover of Crystal City, where company has more than
10 million square feet of commercial space.
Net worth: $1 billion
Confidence: A
THE SINGHS
Alexandria. Rajendra Singh, 50, grew
up in a village that lacked electricity or telephones,
but after graduating from the University of Maine and
Southern Methodist University he went on to lead some
of Northern Virginia’s hottest telecom firms before
they flamed out. His wife, Neera, 46,
graduated from the Indian Institute of Technology. Together
they founded LCC International of McLean in 1983. They’re
no longer involved in management and sold 420,000 shares
last year. Yet they remain among the largest shareholders
with stock worth nearly $38 million. They sold $19.6
million worth of LCC shares in 2003-04. Rajendra co-founded
Teligent Inc. and was instrumental pushing last year’s
sale of the telecom venture to First Avenue Networks
of Charlottesville for $99 million. After making the
Forbes list of the wealthiest Americans in the late
1990s, they dropped out when the telecom sector went
bust. The Singhs established an engineering scholarship
in their names in March at the University of Maine,
where Rajendra received the College of Engineering’s
highest alumni award in 2003.
Net worth: $930 million
Confidence: C
STEPHEN
M. CASE
McLean. 46. He took America Online from a regional startup
to the nation’s largest dial-up Internet service
before merging the company with Time Warner Inc. Since
stepping down as chairman at Time Warner after the disastrous
merger, Case has been spending more time in his native
Hawaii. He is principal investor in publicly traded
Maui Land and Pineapple, controlling more than 42 percent
of its stock. He also owns 80 percent of the stock and
is chairman of Denver-based Exclusive Resorts LLC, a
private luxury club that leases mansions to well-heeled
vacationers. Exclusive Resorts and Maui Land, along
with Marriott International, are investing $300 million
to refurbish Kapalua Resort in Maui. In addition, Case
is launching a company called Revolution, using $500
million of his own money to invest in startups in health
care, resort vacations and wellness. Its first acquisition
in April was Wisdom Media Group’s TV and radio
network focusing on health and wellness. Another Case
acquisition includes 70 percent ownership of Tucson-based
wellness company Miraval. Still serves as a director
at Time Warner.
Net worth: $825 million
Confidence: B
ROGER W.
SANT
Middleburg and Georgetown. 72. Continues as a director
on board of AES Corp, an Arlington-based global energy
company, which he co-founded with Dennis Bakke in 1981.
Sant owns more than 22 million shares, or 3.4 percent
of the company, as well as other business holdings.
In 2004, AES posted revenues of $9.5 billion, an increase
of 13 percent over 2003, and its stock price rose as
well. Company is pushing ahead with expansion into wind
generation. Sant is chairman of the executive committee
of the Smithsonian Board of Regents and serves on the
board of the National Symphony. His wife, Vicki, is
president and a trustee of the National Gallery of Art
and a trustee of Stanford University. The couple’s
Summit Foundation provides grants for Washington-area
projects, in-cluding restoration of the Anacostia River.
Net worth: $750 million
Confidence: A
FRANK
BATTEN JR.
Norfolk. 46. The chairman and CEO of Landmark Commun-ications
Inc. took a beating in the stock market as his investment
in Red Hat plunged 50 percent last year. Still, his
$73 million investment in the Linux operating system
software company has proved profitable in the long term.
Batten oversees privately held Landmark properties including
The Virginian-Pilot, The Roanoke Times and the Weather
Channel.
Net worth: $700 million.
Confidence: C
RICHARD
D. FAIRBANK
McLean. 54. Chairman and CEO of Capital One Financial
Corp. The credit-card company was on a roll last year,
earning more than $1.5 billion (up 26 percent over 2003)
and proving that it had fully recovered from problems
earlier in the decade when federal regulators slapped
its wrists for growing too fast. In March, Capital One
announced a $5.3 billion acquisition of New Orleans-based
Hibernia Corp., a bank with operations in Louisiana
and Texas. It trimmed its work force in Richmond, where
it’s the largest nongovernmental employer, by
cutting more than 1,600 jobs last year. That didn’t
stop the Virginia General Assembly from naming Fairbank
the state’s 2005 Industrialist of the Year for
his contributions to industry. Fairbank does not take
a salary, receiving his compensation in Capital One
stock options. Holdings (including exercisable options)
total more than 10 million shares, or about 4 percent
of the company’s total shares. Fairbank is part
owner of the Washington Capitals pro hockey franchise
and two pro basketball teams — the Washington
Wizards (men’s) and Washington Mystics (women’s)
— through Lincoln Holdings, which also has an
interest in the MCI Center and the Baltimore-Washington
Ticketmaster franchise.
Net worth: $500 million
Confidence: B
WES FOSTER
McLean. 70. The hot real estate market, particularly
in Northern Virginia and Washington, continues to fuel
growth of The Long & Foster Cos., the largest privately
owned residential real estate firm in the U.S. Closed
home sales for the company's real estate division reached
a record $36.1 billion in 2004, representing a big chunk
of the company's overall sales volume of $56.3 billion,
which includes mortgage, title insurance and insurance
operations. “It was another year of unprecedented
growth for Long & Foster and for the real estate
industry,” says Foster, chairman, CEO and co-founder.
The company employs more than 14,700 in 214 offices
in seven states. Sales were up to $12.3 billion in Virginia
and West Virginia, the company’s biggest region.
Last year, Long & Foster created a new sales division
in Southwest Virginia by buying two top-rated Roanoke
real estate firms, Owens & Co. Realtors and Boone
& Co. The 1956 Virginia Military Institute graduate
recently pledged $6 million for improvements to the
school’s stadium. The company also established
a $200,000 college scholarship fund for high school
seniors. In March, B’nai B’rith International
honored Foster with its Corporate Achievement Award.
Net worth: $500 million
Confidence: C
CARL
W. SMITH
Charlottesville. 78. Majority owner and director emeritus
of Amvest Corp., a privately held company based in Char-lottesville
that owns coal mining operations, gas exploration and
production companies, a railroad and financial investments.
In 2004, the company’s revenues were $175 million,
about the same as the year before, with permit delays
in its coal operations reducing sales in a high-priced
spot market. Smith and his wife, Hunter, have donated
millions to Smith’s alma mater, the University
of Virginia, and more recently gave $1 million to the
renovation of The Paramount, a 74-year-old art deco
theatre and performing arts center that was renovated
and recently reopened in Charlottesville.
Net worth: $500 million
Confidence: B
GOTTWALD
FAMILY
Richmond. If ever a family fit the description of being
a business conglomerate, it’s the Gottwalds, who
hold substantial interests in three Richmond-based companies.
One of those companies is Albemarle Corp., a maker of
specialty chemicals, which reported earnings of $54.8
million last year, down from $71.8 million the year
before largely because of charges connected with an
acquisition. The company’s chairman is William
M. Gottwald, 57. His father, Floyd D. Gottwald
Jr., 82, is vice chairman of the company. A
second company, Tredegar Corp., makes plastic film and
aluminum extrusions. It earned $29.2 million last year
after a loss of $26.4 million the year before. John
D. Gottwald, 50, another son of Floyd Gottwald,
is chairman of Tredegar. The third company is NewMarket
Corp., a holding company formed last year for two subsidiaries
— Ethyl Corp. and Afton Corp. — both in
the petroleum products business. NewMarket reported
earnings last year of $33 million, down from $37 million
in 2003 in part because of higher raw material costs
and greater R&D spending. Bruce C. Gottwald,
71, Floyd’s younger brother, is NewMarket’s
chairman while his son, Thomas E. Gottwald,
44, is president and CEO. The companies are spinoffs
from the original Ethyl Corp., which the Gottwalds have
run since 1962. The Gottwalds’ combined holdings
are worth at least $450 million. Four family members,
all of whom graduated from Virginia Military Institute,
were honored last year with a Spirit of VMI Award for
their support of the school’s athletic program.
The family has established numerous endowment funds
for scholarships and athletics.
Net worth: $470 million
Confidence: C
ROBINS
FAMILY
Richmond. One of Richmond’s most generous families,
the Robinses have thrown their support behind the city’s
proposed Virginia Center for the Performing Arts. Family
has already donated $2 million and recently increased
its pledge to $5 million. Recent donations also include
$1.1 million in support of revitalizing historical interpretation
program at Jamestown Settlement, a living-history museum
that expects many visitors in 2007 during the 400th
anniversary of the first permanent English settlement.
The late E. Claiborne Robins Sr., who headed the A.H.
Robins pharmaceutical company, began the family’s
philanthropic efforts with a $50 million gift to the
University of Richmond, his alma mater. Matriarch Lora
Robins, son E. Claiborne Robins Jr.
and daughters Ann Carol Robins Marchant and
Betty Robins Porter serve as directors for the family’s
Robins Foundation. Claiborne Jr. also runs a firm, E.C.
Robins International, which includes ECR Pharmaceuticals,
Virginia Air Corp. and ECR Pharma Gmbh. In 2003, the
family gave $4.8 million in grants and over the years
has given away millions more to various causes.
Net worth: $450 million
Confidence: C
THEODORE
J. LEONSIS
McLean. 49. One of last remaining founders of Dulles-based
America Online who are still with the company. He now
serves as vice chairman and president of AOL Time Warner’s
Audience set of businesses. Also owns Washington Capitals,
a National Hockey League team, through Lincoln Holdings,
an investment group that includes Capitals President
Richard Patrick and Capital One Financial Chairman Richard
Fair-bank. A former mayor of Orchid, Fla., Leonsis sits
on the boards of several charities, including Best Buddies
and the Leonsis Family Foundation.
Net worth: $425 million
Confidence: A
C.
DANIEL CLEMENTE
McLean. 68. Chairman of the board of Clemente Development
Co. Graduated from Georgetown Law School and started
his own law firm. Next ventured into commercial real
estate in Northern Virginia. Provides professional consulting
services to wealthy individuals. Serves as trustee for
agricultural firm Cargill Inc., the 19th-largest private
U.S. company with $63 billion in sales. Donated $12,000
to Republican political organizations in 2004. Well-known
for rescuing Digital Commerce Corp. from bankruptcy
and remains chief stockholder in company, which runs
e-commerce systems that connect suppliers with government
procurement officers. Founded Community Bank and Trust
in Springfield and First Commercial Bank of Arlington.
Major donor to Clemyjontri Park, a McLean playground
designed for children with physical disabilities.
Net worth: $410 million
Confidence: B
CARL
D. SILVER
Fredericksburg. 78. Silver has two major projects under
development. The Silver Cos. broke ground last fall
on a 149-room hotel that’s part of its 2,400-acre
Celebrate Virginia tourist attraction along Interstate
95. Two golf courses are already open. Plans call for
adding 2.4 million square feet of corporate offices,
retail space and the $200 million National Slavery Museum
championed by former governor and current Richmond Mayor
L. Doug Wilder. Silver’s company also is building
a corporate headquarters in Florida where he owns a
home. Silver, wounded in World War II, was a millionaire
by age 35 from selling used cars. He started investing
in real estate in the 1960s.
Net worth: $405 million
Confidence: C
ESTES
FAMILY
Richmond. Family owns Estes Express Line trucking company.
Since 1996, company has created ExpressLink, a network
of carriers through the U.S and Canada, and added commercial
markets in Mexico. Another expansion move includes Estes
Air Transportation Service, which provides delivery
services through alliances with major airlines. Company
employs more than 10,000 workers, has a fleet of more
than 19,000 tractors and trailers, and ranks in top
20 of largest freight carriers in U.S. In 2004, revenue
exceeded $1 billion. Robey Estes Jr.,
53, serves as president. His father, Robey W.
Estes Sr., 84, helped build the company that
his father founded in 1931.
Net worth: $400 million+
Confidence: C
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