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77-100

IVOR MASSEY JR. FAMILY
Richmond. The Massey family made its fortune through the heating and air-conditioning company Massey, Wood and West. The late Ivor Massey Sr., the longtime chairman of the company, was an aviation pioneer who served many years on the Richmond airport board. His wife, the late Anne Massey, was a founding director of the Science Museum of Virginia. Ivor Massey Jr., 57, practiced law before becoming a businessman and investor. Now serves as president of the Association for the Preservation of Virginia Antiquities.
Net Worth: $100 million*
Confidence: A

THE McMURTRIES
Richmond. Former state Del. Alexander B. McMurtrie Jr. and his wife Margaret Hillenbrand McMurtrie have substantial investments in Indiana-based Hillenbrand Industries, founded by Mrs. McMurtrie’s grandfather. Hillenbrand Industries is the holding company of Forethought Financial Services, Batesville Casket Co. and Hill-Rom, which manufactures health-care products. The family has land investments in Virginia and land and farm investments in Indiana. The McMurtries are community oriented and support organizations that provide college scholarships to children in need.
Net Worth: $100 million
Confidence: A

MILTON V. PETERSON
Fairfax. 69. The founder and chairman of Peterson Cos. broke into the Kool and the Gang song “Celebration” during the December groundbreaking on one of his most ambitious real estate projects. He has invested $100 million in the $2 billion National Harbor project, which includes homes, hotels, offices, retail and entertainment on the Potomac River in Prince George’s County, Maryland. Slots might also go in if approved by the Maryland General Assembly. His privately held real estate company has extensive holdings in Northern Virginia.
Net Worth: $100 million
Confidence: C

JOHN D. PHILLIPS
Keswick, Atlanta and Sea Island, Ga. 62. The former chairman and CEO of World Access Inc. stays busy running a venture capital group out of the Atlanta offices where World Access was once based. The international telecommunications firm, which Philiips left last year, has been placed in a trust and is being liquidated, he says, after years of litigation with a German telephone company. The John D. Phillips Venture Capital Group provides first-round funding of $500,000 to $5 million to primarily technology startups. Phillips also is considering high-end New York hotel properties as an investment and even considered The Chamberlin hotel in Hampton last year. He passed, though, because the historical, waterfront property was in need of repairs. “I’m not sure the return on investment would have been there,” he says. Phillips plans to open a Virginia office in a renovated building in downtown Charlottesville sometime this year, so he will have more time to enjoy his country estate, Airslie, in Albemarle County.
Net Worth: $100 million
Confidence: A

JOHN W. SNOW
Richmond. 65. Continues to serve as U.S. secretary of the Treasury under President Bush. Snow is the president’s point man on economic policy. Bush’s second-term agenda promises to be a harder sell with Federal Reserve Chairman Alan Greenspan warning about growing budget deficits and public resistance to Bush’s proposal to overhaul Social Security. Before becoming Treasury secretary, Snow served as CEO of CSX Corp., which was formerly based in Richmond. He still has a home in Richmond, which he travels to on weekends.
Net Worth: $100 million+
Confidence: C

TAUBMAN FAMILY
Roanoke. Nicholas F. Taubman, 69, retired chairman of Advance Auto Parts rejoined the board of directors in February 2004. The company, founded in Roanoke by his late father, Arthur Taubman, is second largest retailer of automotive parts in the U.S. Taubman is president of Mozart Investments. Also serves on board of trustees for the Virginia Historical Society. His wife, Eugenia, is a trustee for the Virginia Museum of Fine Arts.
Net Worth: $100 million+ *
Confidence: C

UKROP FAMILY
Richmond. Brothers James E. Ukrop, 68, and Robert S. Ukrop, 59, continue to broaden geographic reach of family-owned grocery chain with a store in Roanoke scheduled to open this fall. That will give Richmond-based Ukrop’s Super Markets Inc. 29 stores. The company was founded by their parents, Joseph and Jacquelin Ukrop, in 1937. Matriarch Jacquelin, who worked as company’s corporate secretary for years, died in February at age 89. Ukrop’s remains Rich-mond’s grocery market leader, and the company is ranked by Fortune magazine as one of the 100 best places to work in America. Ukrop’s owns a 51 percent interest in First Market, a full-service bank, which has locations in many of its stores. That majority share didn’t change when SunTrust Banks Inc. acquired National Commerce Financial Corp. — the bank’s minority shareholder — earlier this year. James Ukrop, chairman of Ukrop’s and First Market, heads efforts to raise funds for a new performing arts center in downtown Richmond. His wife, Barbara, serves on the board of visitors for the College of William & Mary. Bobby Ukrop, president and CEO of Ukrop’s, also has been active in promoting economic development and sports by serving on boards of the Greater Richmond Partnership, Rich-mond Sports Backers and Richmond First Tee. Ukrop’s contributes to local charities through its Golden Gift program, capital gifts, annual contributions, event sponsorships and through its 10 percent discounts to nonprofits. The Virginia Economic Developers Association named James and Bobby as co-recipients of the 2004 Volunteer of the Year Award for Virginia.
Net Worth: $100 million
Confidence: A

ALAN M. VOORHEES FAMILY
Alexandria. Alan Voorhees, 82, is an angel investor who owns a variety of properties around the state, including the Berkeley Hotel in Richmond and the Westmoreland Berry Farm. Trained as an engineer, he established a reputation early in his career as an innovator in urban planning. His ideas on using mathematical models for forecasting traffic volume are still used by traffic engineers throughout the country. In the past year, he has received the AAG Presidential Achievement Award from the Association of American Geographers and the Lifetime Achievement Award at the Pan-American Conference of Traffic and Transportation Engineering. Besides his business interests, Voorhees is heavily involved in plans for the Jamestown 2007 observance as well as activities involving the Library of Virginia and the Virginia Historical Society.
Net Worth: $100 million
Confidence: B

G. KEVIN BRUCE
Goochland County. 49. President of Strategic Capital Corp., a small private commodities trading firm in Richmond. A low-key millionaire who wears a Timex watch and drives a pickup truck, Bruce continues to build personal wealth through disciplined saving and investing. Personal portfolio increased by $5 million during the past year, thanks to gains in U.S. stock market. Bruce invests primarily in index funds. For 2005, he predicts a neutral, flat year “because it’s difficult for the market to go up when the Fed is raising rates. … The bull’s on hold.” A fitness buff who works out six times a week, Bruce serves on the board of directors for the Tuckahoe YMCA and contributes to its general fund annually.
Net Worth: $90 million
Confidence: A

STANLEY F. PAULEY
Richmond. 77. Pauley is chairman and CEO of privately held Carpenter Co., which employs 6,000 people and has facilities in the U.S., Can-ada and five European coun-tries. The comp-any makes poly-urethane foam, processed poly-ester fiber and related products. A supporter of the arts, Pauley was recently re-elected to the board of the Virginia Museum of Fine Arts. In 2003, he donated $5 million to the museum to help finance a new wing. Pauley is a trustee at the Virginia Commonwealth School of Engineering and member of the VCU Founder’s Society.
Net Worth: $90 million
Confidence: C

ROBERT M. ROSENTHAL
Middleburg. 77. Chairman of Rosenthal Automotive Org-anization, which operates 15 car dealerships in the Greater Washington area. Opened his first dealership (Chevrolet) in 1954 in Arlington. The privately held company does more than $1 billion in annual sales and has more than 1,500 employees. Past president of the Washington Area New Car Dealers Association and a former director of the Metropoli-tan Washington Airport Auth-ority.
Net Worth: $90 million
Confidence: C

MICHAEL E. SZYMANCZYK
Richmond. 56. Chairman and CEO of Philip Morris USA, the world’s largest tobacco company. Szymanczyk testified in April at a federal fraud trial against major tobacco companies, saying that he has reoriented Philip Morris USA toward efforts to reduce teen smoking and to provide consumers information about smoking. The U.S. Justice Depart-ment’s case suffered a blow in February when a federal appeals court panel ruled that prosecutors could not force tobacco companies to pay $280 billion for profits gained over decades through alleged fraudulent actions. Meanwhile, Philip Morris has announced plans to build a $300 million research and development center in downtown Richmond which will create 500 jobs.
Net Worth: $90 million
Confidence: B

MACON F. BROCK JR.
J. DOUGLAS PERRY

Virginia Beach. Brock, 63, is chairman of the board of Dollar Tree Stores. A past CEO, Brock owns 2.7 percent or more than 3 million shares of the discount variety store chain he helped found in 1986. Today, the company has 2,735 stores employing more than 11,000 full-time workers in 48 states, including 125 stores in Virginia, and a distribution center in Chesapeake. It has grown through selective mergers and acquisitions and store expansions. Sixty percent of its fixed price merchandise — which sells for $1 — comes from domestic suppliers with the remaining 40 percent of goods imported. Perry, 56, another store co-founder, is the board’s chairman emeritus.
Net Worth:
Macon F. Brock: $88 million*
J. Douglas Perry: $70 million
Confidence: B

WILLIAM F. BRANDT, JR.
Winchester. 59. Since 1980, Brandt has served on the board of directors for American Woodmark Corp., country’s third largest manufacturer of kitchen cabinets and vanities. It sells to remodeling and home construction markets and through such distributors as Lowe’s and Home Depot. Brandt is the board’s former chairman and owns nearly 2 million shares, or 24 percent, of company’s stock. With low mortgage interest rates spurring home building and demand for its products, American Woodmark reported revenues of $667 million for 2004, with sales up 18 percent over the previous year.
Net Worth: $75 million*
Confidence: B

TIMOTHY M. DONAHUE
Reston. 56. CEO, Nextel Communications Inc. Took over as head of the wireless communications provider in 1999. Under his guidance, Nextel grew to one of largest companies in the U.S with market value approaching $32 billion and 17 million subscribers. Equity could zoom to $70 billion if $36 billion merger with Sprint Corp. closes as scheduled in the second half of this year. Newcomer to the list collected about $26 million in compensation in fiscal 2003 and holds exercisable options worth $47.4 million as well as a large chunk of Nextel stock. Also serves as a director of Nextel Partners Inc. and Eastman Kodak Co. Chairman of the Cellular Telecommunications & Internet Association.
Net Worth: $75 million
Confidence: B

JOHN G. BALLENGER
Middleburg. 73. Longtime entrepreneur shuttered his startup, Blue Chip Technologies Inc., citing lack of business. Company was launched to provide turnkey technologies to amusement parks. Several real estate ventures of Ballenger Enterprises Inc. are “still in study phases,” including coastal property for condominiums in southern Maryland, an assisted-living facility in Delaware and purchase of government-subsidized housing in other states. Meanwhile, Ballenger’s Brigadoon Farms in Middleburg continues to raise Black Angus cattle. Ballenger’s hobbies include horse racing. Last year, he sold one racehorse and purchased another.
Net Worth: $72 million
Confidence: A

WILLIAM H. GOODWIN JR.
Richmond. 64. Chairman of CCA Industries, a diversified holding company whose holdings include The Jefferson Hotel in Richmond and The Sanctuary at Kiawah Island, a plush, oceanfront resort in South Caro-lina. Also CEO of The Riverstone Group LLC, a family-owned company that in March acquired Sea Pines Co. of Hilton Head, S.C., for $74 million, including a real estate company, resorts, golf courses, and other development rights. He and wife Alice T. Goodwin are among the largest donors to Virginia Commonwealth Uni-versity’s expanding Massey Cancer Center and the Cancer Center at the University of Virginia’s Health System. Philanthropy also includes major donations to U.Va.’s Center for Politics. Stepped down as member of the board of visitors at U.Va. in February after eight years. The university honored the Goodwin’s philanthropy by naming new pedestrian bridge on campus in their honor. Stock holdings in Wachovia Corp., where Goodwin has served on board of directors since 1993, top $55 million.
Net Worth: $70 million
Confidence: C

JOHN M. JACQUEMIN
Vienna. 58. President, CEO and founder of Mooring Financial Corp, a private investment firm. The company started in 1982 leasing commercial equipment. It grew dramatically during the early 1990s by buying out equipment-leasing portfolios of struggling banks. Then, it began bidding on banks’ commercial loan portfolios. “It transformed the company and built on our core skills,” says Jacquemin. Today, the company has more than $350 million in financial assets under management, including tax liens, real estate and other specialized investments. Its headquarters office at Tysons Corner employs 40 people. Major shareholder Jacquemin serves on the board of the Wolf Trap Foundation for the Performing Arts and is a director for Penn National Gaming Co., a public company that owns and operates gaming properties and racetracks. He started the Jacquemin Family Foundation in 1997 to provide educational and artistic opportunities for underserved children in the Washington area. A trust started in 2004 will benefit the Wolf Trap Education program, with $30,000 earmarked over the next year for educational materials for preschool children.
Net Worth: $69.5 million
Confidence: A

JOHN H. FAIN
Virginia Beach. 56. Fain sits on the board of directors at Keane Inc., a Boston-based software company that acquired his Hampton Roads-based IT consulting firm, Metro Information Services, in 2001. Fain still holds more than 2.7 million shares of Keane stock, worth about $35 million. He also sits on the board of The Virginia Beach Foundation, which supports a variety of endeavors throughout the community.
Net Worth: $55 million
Confidence: C

THOMAS E. CAPPS
Richmond. 69. The chairman of Dominion Resources, Inc. — one of country’s largest energy producers and electric supplier for about 80 percent of Virginia’s population — is stepping aside as CEO sometime before April 2006. Moving up will be President and COO Thomas F. Farrell II. Capps plans to remain as chairman for a while. His departure comes at a time of expansion. In 2004, Dominion boosted its natural gas production with a new offshore platform in the Gulf of Mexico. It’s in preliminary planning stages for the possible construction or licensing of a third nuclear reactor at its North Anna plant in Louisa County, a project that drew protesters during company’s annual meeting. Efforts to obtain rate certainty in Virginia have gone smoother. Last year the General Assembly extended capped rates until 2010 for Dominion Virginia Power, company’s largest subsidiary, to give Virginia’s competitive market more time to develop. In another step towards deregulation, Dominion transferred operational control, but not ownership, of its 6,000 miles of transmission lines to the PJM Interconnection. Capps serves on the board of visitors for the College of William & Mary and as a director for Amerigroup Corp. of Virginia Beach, a managed health-care company.
Net Worth: $50 million
Confidence: B

PATRICIA KLUGE
Charlottesville. 56. Since her divorce from billionaire John Kluge Sr., Patricia has remarried and started a winery on her 1,800-acre Albemarle County estate. Today, she’s owner and chairman of Kluge Estate Winery and Vineyard. The socialite-turned vintner has 100 acres under vine and already is winning medals for her wines. Since starting the venture in 1999, Kluge has showcased her vintages through a gourmet farm market and at Fuel, a restaurant-deli-gas station in Charlottesville. Kluge operates the winery with husband, Bill Moses, a former lawyer, IBM executive and co-chairman of Gov. Mark R. Warner’s Wine Study Work Group. Another new project is Vineyard Estates, a controversial 511-acre residential development, set among her vineyards. It will allow for 24 homes, with a minimum square footage of 6,000 feet, to be built on parcels ranging from five to 38 acres. Some neighbors opposed the project, fearing it will set a precedent for future development in agricultural districts.
Net Worth: $50 million +
Confidence: C

SANJU K. BANSAL
Vienna. 39. Vice chairman, executive vice president and CEO of McLean-based MicroStrategy Inc. Netted proceeds of $10.3 million though stock sales last year. The business-intelligence software maker posted annual sales topping $231 million, a one-year surge of nearly 32 percent. Bansal also owns a 10 percent equity stake in CVent Inc., an Arlington company providing Web-based tools for event and meeting planning.
Net Worth: 40 million
Confidence: C

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