THE deLASKIS, Great Falls Net Worth: $100 million Confidence: C
Father and
son, Donald deLaski Sr. and Kenneth E. deLaski, founded
Deltek Systems Inc. in 1983. The maker of enterprise resource planning software
posted revenue of $150 million in 2005, a 25 percent increase. In 2005, Ken
deLaski stepped aside as president and CEO and was replaced by Kevin Parker,
former co-president and CFO of PeopleSoft Inc. Ken remains chairman of the
board, although controlling interest in Deltek now belongs to New Mountain
Capital Partners, a private equity firm in New York that purchased 75 percent
of shares in April 2005. DeLaski family and other investors continue to own
remaining 25 percent of shares. The company employs nearly 1,000 people,
including about 400 in Herndon.
WILLIAM H. GOODWIN JR., Richmond Age: 65 Net
Worth: $100 million Confidence: C
Chairman of CCA Industries, whose
holdings includes CCA Financial; golf products company Bag Boy Co. of Richmond
and Pompanette Inc.
of Charlestown,
N.H., which provides fishing and marine hardware. Goodwin's family-owned company,
The Riverstone Group, paid $23.4 million to acquire Sea Pines Resort in Hilton
Head, S.C., in March 2005. Riverstone also owns The Jefferson Hotel in Richmond,
Hermitage Hotel in Nashville, Tenn., and Colleton River Plantation in Bluffton,
S.C. In 2005, Goodwin and wife Alice donated $32.5 million to the Virginia
Commonwealth University School of Engineering, the single largest gift in the
university’s history — which earned them 30th place on The Chronicle
of Philanthropy’s list of America’s top donors. All told, the Goodwins
have donated about $75 million to VCU, which recently named a new research
building at the school's Massey Cancer Center in their honor. They also have
donated extensively to Virginia Tech and the University of Virginia. The Goodwins
also appeared on BusinessWeek’s 2005 list of the 50 most generous American
philanthropists. William Goodwin owns about $62 million worth of stock of Wachovia
Corp., on whose board of directors he sits.
MASSEY FAMILY, Richmond Net Worth: $100 million (Includes
assets held in trust or by other family members)Confidence: B
Ivor Massey Jr. is one of several
family members who are beneficiaries of a fortune amassed through astute investments
by his parents and grandparents. His maternal grandfather was involved with
Burlington Industries, a major textile manufacturer. The late Ivor Massey Sr.
was an aviation pioneer and a longtime member of the Richmond International
Airport’s board. Ivor Massey Jr. is an investor and businessman who last
year was president of the Association for the Preservation of Virginia Antiquities.
He now serves on the board of Planned Parenthood and the Virginia Capitol Foundation.,
a group assisting in the restoration and preservation of the state Capitol.
ALEXANDER AND MARGARET McMURTRIE, Richmond Net Worth: $100 million Confidence: B
Former state Del. Alexander B.
McMurtrie Jr., who represented the 36th District, 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 makes health-care products. McMurtrie donated more than $400,000
to political campaigns since 1996. In 2004, he contributed $5,000 to the mayoral
campaign of former Gov. L. Douglas Wilder. The family has land investments
in Virginia and Indiana. The McMurtries are community-oriented and provide
college scholarships to children in need.
MILTON V. PETERSON, Fairfax Age: 70 Net Worth: $100
million+ Confidence: C
Chairman
and founder of Peterson Cos, a Fairfax-based developer. Company’s latest
project is National Harbor, a $2 billion, 7.3-million-square-foot mixed-used
center on the Potomac
River in Maryland’s Prince George’s County. With 2,500 homes and
4,000 hotel rooms, Peterson told The Washington Post, “She’s like
a Marilyn Monroe. She’s got everything.” An $850 million Gaylord
Hotel, expected to open in 2008 as part of a convention center, is already
attracting bookings. Peterson has reportedly invested $140 million in the project
that will be the crown jewel of a portfolio that includes Fairfax Corner and
many of the developments in the Fair Oaks area of Fairfax County. Founded in
1970, Peterson Cos. has annual revenues estimated at $55 million. One investment
that didn’t pay off for Peterson last year: a $60,000 donation to Jerry
Kilgore’s unsuccessful bid for governor.
JOHN W. SNOW, Richmond and Washington Age: 66 Net
Worth: $100 million+ Confidence: C
At the end of May, President George W. Bush announced John W. Snow would
step down as U.S. Treasury Secretary, a post Snow’s held since 2003.
The announcement came after Virginia Business prepared its annual Virginia
100, a list of the wealthiest and most influential residents in the state.
The Richmond Times-Dispatch reported Snow will return to his Richmond home
before considering his next career step. The story noted Snow asked to leave
the post last winter, but the White House convinced him to stay through a
busy testimony schedule before Congress. Bush nominated Henry M. Paulson
Jr., chairman and chief executive of Goldman Sachs, to fill the position.
TAUBMAN FAMILY, Roanoke Net Worth: $100 million (Includes
assets held in trust or by other family members)Confidence: B
Nicholas F. Taubman, 70,
retired chairman of Advance Auto Parts. Rejoined the board of directors in
February
2004 but left again last November after President Bush appointed him the U.S.
ambassador to Romania. The company, founded in Roanoke by his late father,
Arthur Taubman, is the country’s second-largest retailer of auto supplies.
It had sales of $4.2 billion in fiscal 2005 and operated 2,872 stores in 40
states. Taubman’s wife, Eugenia, is a trustee for the Virginia Museum
of Fine Arts.
UKROP FAMILY, Richmond Net Worth: $100 million Confidence: B
2006 will be a year of transition,
with the closing of two older stores in Richmond and opening of a second store
in Williamsburg as well as the opening of a store in Roanoke, a new market
for the grocery chain founded in 1937. Brothers James E. Ukrop, 69, and Robert
S. Ukrop, 60, head Ukrop’s Super Markets Inc., which operates 27 retail
food stores, Joe’s Market, a central bakery, kitchen and distribution
center. Ukrop’s remains Richmond’s grocery market leader, generating
sales of $579.2 million during the 12 months ending March 31, 2005. Ukrop’s
co-owns 24 First Market Bank branches in Ukrop’s locations and 10 freestanding
branches with National Commerce Financial Corp. and Markel Corp., a new equity
partner. James Ukrop, chairman of Ukrop’s and First Market, serves on
board of Virginia Performing Arts Foundation and was appointed to a committee
dealing with Carpenter Center renovations and related projects in downtown
Richmond. His wife, Barbara, serves on board of visitors at the College of
William & Mary
and is secretary of the board of governors for The Community Foundation. Bobby
Ukrop, president and CEO of Ukrop’s, serves on board for the Greater
Richmond Partnership and Richmond First Tee.
JONNIE R. WILLIAMS, Chester Age: 51 Net
Worth: $100 million+ Confidence: A
CEO and director of Star Scientific
Inc., a technology-oriented tobacco company engaged in development of tobacco
products that deliver fewer
toxins. Williams was one of founders of Star Tobacco Inc. and the inventor
of the StarCured tobacco-curing process. Co-founded LaserSight, LaserVision
and VISX. He is also one of the owners of Regent Court Technologies LLC and
is a principal in Jonnie Williams Venture Capital Corp. Williams has donated
to Collegiate School, Epiphany Lutheran Church and Camp Kaizen, a camp for
obese/overweight children.
MACON F. BROCK JR., Virginia Beach Age: 64 Net Worth: $94
million (Includes assets held in trust or by other
family members)Confidence: B
Chairman of the board of Dollar Tree
Stores Inc., a retail chain where all merchandise sells for
$1. Brock, J. Douglas Perry and H. Ray Compton started business in 1986. Today,
the Chesapeake-based company operates about 3,000 stores and nine distribution
centers in 48 states. Another 210 stores are scheduled to open this year. In
addition, Dollar Tree recently acquired 138 Deals Stores in the Midwest from
Super Value Stores. The company had sales of $3.39 billion in fiscal year 2005,
which ended in January. Net income was $173.9 million, down 3.5 percent from
the previous year. Brock was CEO from 1993 to 2003 and owns 3.3 million shares
of the company’s stock. He and his wife, Joan, now focus on philanthropy,
with an emphasis on education and social concerns. He is chairman of the board
at Randolph-Macon College in Ashland, and she is chairman of the Chrysler Museum
board in Norfolk.
STEVEN A. MARKEL, Richmond Age: 56 Net Worth: $92
million Confidence: B
Vice
chairman, Markel Corp. Specialty insurer writes policies for niche markets
such as horse
farms, private
security companies and mobile-home parks. Markel formerly served as executive
vice president and treasurer. His cousin, Anthony Markel, serves as president
and chief operating officer. Steven Markel serves on the governing board of
the Virginia Commonwealth University Health System and is chair of the VCU
School of Business, to which he and wife Katherine recently pledged $10 million.
Steven Markel also serves as a director of S&K Famous Brands Inc., a Richmond
apparel retailer that last year switched back to being privately owned. Markel
had owned about 40,000 shares when S&K was publicly traded.
STANLEY F. PAULEY, Richmond Age: 78 Net Worth: $90
million Confidence: C
Pauley
is chairman and CEO of privately held Carpenter Co., which markets polyurethane
foam, processed
polyester fiber and related products. The company employs 6,000 and has locations
in the U.S., Canada and six European countries. In January, the Pauley Family
Foundation made a $5 million commitment to Virginia Commonwealth University
Medical Center’s heart center. In recognition of the gift, the center
was renamed the Pauley Heart Center. The first artificial heart implant on
the East Coast was performed in April at the center. Pauley, a longtime supporter
of VCU, serves as trustee of the School of Engineering Foundation. He recently
pledged $4 million to a new engineering building. In 2003, he donated $5 million
to the Virginia Museum of Fine Arts to help finance a new wing.
MICHAEL D. FRAIZER, Richmond Age: 47 Net Worth: $83
million Confidence: B
Chairman
and CEO of Genworth Financial Inc., an insurance and investment management
company spun off by
General Electric Co. two years ago. It made the Fortune 500 this year — its
first year of eligibility — ranking No. 223 with $10.5 billion in revenue
for 2005. Fraizer, a native of Nebraska, joined GE’s Financial Management
Program in 1980 after graduating from Carleton College. He rose through the
ranks at one of the most demanding and results-oriented companies in the United
States. Fraizer became CEO of Genworth’s predecessor company in 1997,
when it was still a GE subsidiary. GE sold the last of its Genworth shares
in March, so the company is now fully independent. Genworth earned $1.2 billion
on revenue in 2005, entered five new countries and introduced 10 new products.
Fraizer is a trustee of the Virginia Foundation for Independent Colleges and
serves on the boards of the Andre Agassi Charitable Foundation and the Virginia
Commonwealth University School of Business Foundation.
LAWRENCE
P. CASTELLANI, Roanoke Age: 60 Net
Worth: $78 million Confidence: B
Chairman of
the board of Advance Auto Parts Inc. Joined company
in 2000 as CEO and became chairman in 2003. Castellani
stepped down as CEO in May 2005, but remains chairman.
Spent most of his career working for Tops Friendly
Markets. Joined that company as a stock clerk at 16
and eventually became president and CEO. After Tops
was acquired by Dutch supermarket conglomerate Royal
Ahold, Castellani spent three years as president and
CEO of Ahold Support Services in Latin America before
joining Advance Auto. A leading retailer of automotive
aftermarket parts and accessories, Advance Auto earned
$235 million on sales of $4.3 billion last year, increases
of 25 percent and 13 percent, respectively, over 2004.
Castellani also serves as a director at H.H. Gregg
Appliances Inc., an Indianapolis-based retailer of
home appliances and consumer electronics. He owns more
than half a million shares of Advance Auto stock and
last year exercised stock options valued at $44 million.
TIMOTHY M. DONAHUE, Reston Age: 57 Net Worth: $75
million Confidence: B
Executive
chairman, Sprint Nextel. The former CEO, who came to Nextel in 1996 and became
CEO in 1999, followed his mantra, “Be first,
be better, be different” as he oversaw the wireless communication provider’s
2005 merger and rebranding with Sprint to create one of the nation’s
largest wireless firms. Sprint reported pro-forma revenues of $44 million,
up 8 percent last year as the combined Sprint and Nextel wireless subscriber
base of nearly 48 million grew 17 percent. A new corporate security plan requiring
the use of corporate aircraft in lieu of commercial carriers for all travel
provides a nice perk. In March, Donahue sold $17 million in Sprint Nextel shares.
Also serves as a director of Eastman Kodak Co. and John Carroll University,
where he received a bachelor of the arts in English literature. Has previously
served as chairman of the Cellular Telecommunications & Internet Association.
JOHN M. JACQUEMIN, Vienna Age: 59 Net Worth: $75
million Confidence: A
President,
CEO and founder of Mooring Financial Corp., private investment firm that manages
more than $350
million in assets. Deals primarily in commercial loan portfolios, real estate
and real estate tax liens. Business was good enough last year to boost Jacquemin's
net worth. "My combined companies had another strong year," he says. "Those
profits, combined with the sale of commercial real estate holdings in France,
increased net worth by over $5 million." Jacquemin’s company was
a major sponsor this year of the Reston Triathlon, in which 10 Mooring employees,
including Jacquemin, participated. Company is also funding and building two
local homes for Habitat for Humanity. Jacquemin is a director on the board
of the Wolf Trap Center for the Performing Arts. Since 1995, he has also served
as a director on the board of Penn National Gaming Inc., a public company that
owns gaming properties and racetracks. In 2005, Jacquemin donated more than
$700,000 to charity thorough his company, a family foundation and individual
gifts.
JOHN G. BALLENGER, Middleburg Age: 74 Net Worth: $74
million Confidence: A
Entrepreneur
continues to have his hand in several ventures. Effort to build condominiums
in Crisfield, Md., hit some snags with the town
government, although project remains on drawing board. Also raises Black Angus
cattle commercially at Brigadoon Farms in Middleburg. Most business activity
of late centers on Thoroughbred racing, including races along the Eastern seaboard
from New Jersey to Florida. Currently running three Thoroughbreds but aims
to have barn double that size by year’s end. Planned commercial real
estate developments in Delaware and other states are in early stages of planning
and contracting.
ANTHONY F. MARKEL, Richmond Age: 64 Net Worth: $73
million Confidence: B
President
and COO of Markel Corp. The company, which had more than $2.2 billion in 2005
sales and about
775 employees, leads the pack in the niche insurance industry. Anthony Markel
runs the company along with cousin Steven Markel and Alan I. Kirshner, chairman
and CEO. In 2005, Markel Corp. made a majority investment in AMF Bakery Systems
and also purchased a minority stake in First Market Bank in Richmond. Anthony
Markel owns more than 289,000 shares of company stock, or about 3 percent.
Also owns 32,000 shares of Hilb, Rogal and Hobbs, a Richmond-based insurance
broker where he serves as a director. Honored in September with the Charles
A. McAlear Industry Award from the National Association of Professional Surplus
Lines Offices Ltd., a trade group.
BRYCE BLAIR, Alexandria Age: 47 Net Worth: $66
million Confidence: B
Chairman
and CEO of AvalonBay Communities, an Alexandria residential real estate investment
trust that builds
and owns luxury apartments in large markets including New York, San Francisco
and Washington. Company’s stock in past year has been as high as $110
per share, helping to boost Blair's net worth. The cooling housing market has
helped apartment rentals, even high-end ones such as AvalonBay’s. The
average rent for its properties is $1,600 a month, the same rate it was five
years ago. The company has 158 apartment communities in 10 states and D.C.,
with rights to develop as many as 48 more. Blair has served as company's chairman
since 2002. He became CEO in 2001. Before that, he was president and COO. He
worked for the Northeast Group of Trammell Crow Residential in 1982-93. Blair
holds an undergraduate degree in engineering from the University of New Hampshire
and a master's degree in business administration from Harvard. He serves on
the board of governors for the National Association of Real Estate Investment
Trusts.
BRYAN FAMILY, Richmond Net Worth: $66 million (Includes
assets held in trust or by other family members)Confidence: A
The Bryan family has been connected
with publishing since 1887 when Richmond industrialist Maj. Lewis Ginter gave
The Daily Times to his friend and attorney Joseph Bryan. Last year, Bryan’s
great-grandson, J. Stewart Bryan III, stepped down as CEO of Richmond-based
Media General Inc. and as publisher of the Richmond Times-Dispatch. He remains
chairman of the board of Media General, a communications company founded by
his father, the late D. Tennant Bryan, in 1969. During Stewart Bryan’s
15-year tenure as CEO, Media General’s holdings grew from a handful of
newspapers, television stations and cable TV systems to a Southeastern media
empire that includes 25 daily newspapers, 26 network-affiliated TV stations,
75 online enterprises and more than 100 nondaily publications. Revenue rose
2 percent last year, but company incurred a $243 million loss because of an
accounting change. Income from continuing operations rose 2.7 percent to $82.4
million. Last July, company acquired Dallas-based Blockdot Inc., a pioneer
in “advergaming” in which games are developed to present advertising
messages. In April, Media General announced plans to buy four TV stations from
NBC Universal for $600 million. The Bryans’ fortune recently has been
affected by Wall Street’s declining interest in media stocks. The stock
traded around $46 a share in early April, down from its 52-week high of $69.
Stewart Bryan’s interests outside work include the Virginia Historical
Society, where he currently serves as vice chairman.
PATRICIA KLUGE, Albemarle County Age: 56 Net Worth: $65
million+ Confidence: C
Chairman of Kluge Estate Winery and Vineyard. Started in 1999, after divorce
from billionaire John Kluge,
the enterprise continues to grow. Located on Patricia Kluge's 1,800-acre Albemarle
County estate — which she kept as part of divorce settlement — the
winery has 130 acres under vine and plans to add two wines this year, a sparkling
rosé and a Viognier. Kluge runs operation with her husband, Bill Moses,
a former lawyer, IBM executive and co-chairman of the state's Wine Study Work
Group. The Kluge-Moses Foundation recently donated $1.2 million to Piedmont
Community College to support science and health programs and laboratories.
In recognition of the gift, a new science building will be named in their honor.
Progress also continues on Vineyard Estates, a 511-acre residential real estate
project adjacent to Kluge's winery that will include homes with a minimum of
6,000 square feet.
THOMAS E. CAPPS, Richmond Age: 70 Net Worth: $59
million Confidence: B
Retired
in December as chairman and CEO of Dominion Resources Inc., paving the way
for COO Thomas F. Farrell
II to head one of nation’s largest energy producers. Capps received a
7 percent salary increase in 2005, receiving total compensation of $8.5 million.
He owns nearly 500,000 shares of the company’s stock and 1.2 million
exercisable stock options. Capps is credited with transforming Virginia’s
largest regulated utility into an integrated energy powerhouse that has a market
capitalization of $27 billion, with more than 5 million retail customers in
nine states. He pushed for Dominion’s aggressive growth through acquisitions
and expansion, such as the $9 billion merger in 2000 with Consolidated Natural
Gas Co. of Pittsburgh. Capps joined company in 1984 as executive vice president
and became CEO in 1990. He serves on board of visitors for College of William & Mary
and the Virginia Foundation for Independent Colleges. He’s also on the
board of directors of Amerigroup Corp., a managed health-care company in Virginia
Beach.
PAUL T. HANRAHAN, Arlington Age:48
Net Worth: $59 million Confidence: B
President and CEO of AES Corp., one of world's largest
global power
companies. The company has operations in 25 countries,
with 128 generation
facilities and a work force of 30,000. Annual revenue for 2005 topped $11.1
billion. Since Hanrahan took over the top leadership spot in 2002, he has
reorganized company’s business lines. It is focusing more on alternative
forms of energy, with $1 billion set aside for investment in wind energy.
AES recently announced the purchase of two wind farms in Tehachapi, Calif.
Before becoming CEO, Hanrahan served as AES' COO and executive vice president
for business development, responsible for the operation of electric utilities
in Europe, Asia and Latin America. He owns more than 2 million shares of
company stock. Before joining AES, Hanrahan served as a line officer on
the attack nuclear submarine the USS Parche. He is a graduate of Harvard
Business School and the U.S. Naval Academy.
J. DOUGLAS PERRY, Virginia Beach Age:57
Net Worth: $55 million Confidence: B
Perry is a director and chairman emeritus of Dollar Tree
Stores
Inc. He co-founded the company
with
Macon F. Brock Jr. and H. Ray Compton in 1986. Perry served as the company’s
first chairman from 1986 to 2001. He retired as an employee of the company
in 1999. Before Dollar Tree, Perry worked for his father, Kenneth Perry, who
turned a five and dime store in Norfolk’s Ward’s Corner into K&K
Toys. Another executive at K&K was Brock, Kenneth Perry’s son-in-law.
K&K became a 136-store chain before it was sold in 1991 to Melville Corp.,
the owner of Kay-Bee Toys. (See Macon F. Brock Jr. entry for more details on
Dollar Tree.)
