Now the biotech firm has a payroll of more than 8,000 in 70 offices and plants worldwide, making it the third-largest company of its kind. And give Nicholas more money to spend. 40) before him, Vinik made his name running Fidelity’s Magellan Fund. Meanwhile, he continues to invest in other startups. Its $3.5 billion pitch last year to buy the entire NHL is the rare Bain idea that didn’t work out. After leading the group that bought the Red Sox in 2002 for $700 million—more than twice the highest previous price for a sports team—Henry has become our most famous snowbird. August 2000 net worth: $7.6 billion Current net worth: $700 million, August 2000 net worth: $7 billion Current net worth: $700 million. But it wasn’t his connections that made Smith his fortune. Good deal. 47, Concord; director, Demoulas Super Markets$1.6 billion. Who says you can't get anything for a dollar these days? He had no business experience, his laboratory was his basement, and his startup investors were his relatives and friends. Which is maybe why his next venture netted $3.7 billion. Horst Schulze Bio/Wiki, Net Worth, Married 2018. Berthiaume, who has run lab-equipment maker Waters since it was spun off from Millipore in 1994, collected just $650,000 in salary in 2004. Deshpande, who is the chairman of Tejas, becomes animated when he talks about the firm’s potential—it has raised $75 million in venture funding so far. Gururaj Deshpande Net Worth. Linde is also chairman of the board of trustees at the BSO. Gururaj Deshpande's first entrepreneurial venture netted $26.95. 64, Weston; cofounder, CEO, and president, Boston Properties$546 million. Discover an uncrowded paradise in Martin County. 66, Boston and Cotuit; CEO, Mugar Enterprises$550 million. Just in case, he’s still in the market for another team. But it’s not his problem anymore: He and his partners sold off the Emerson Place complex for $72 million, the Longfellow Place towers for $240 million, and Charles River Plaza for an estimated $80 million. His chain of 30 dealerships, begun in 1985, now accounts for one out of every three luxury cars sold in eastern Massachusetts, reaping more than $1.4 billion a year in sales. Hunt may have been born with the proverbial silver spoon in her mouth—her late father, oil baron H. L. Hunt, was once reportedly the richest man in the world—but she’s spent most of her life trying to give it away. Deshpande's father was a government official as a labor commissioner hailing from a Deshastha Bramhim family. © 2020 Forbes Media LLC. He founded Boston Properties 36 years ago with publishing magnate Mort Zuckerman and focused on iconic buildings in the country’s three priciest markets: New York (the $654 million Times Square Tower), San Francisco (the $1.2 billion Embarcadero Center), and Boston (the $519 million Prudential Center). Of course, that still makes for a soft landing. Gururaj Deshpande ("Desh" Deshpande) is an Indian American venture capitalist and entrepreneur, who is best known for co-founding the Chelmsford, MA-based internet equipment manufacturer Sycamore Networks, the Deshpande Center for Technological Innovation at MIT and the Deshpande Foundation. If those gifts trimmed the couple’s fortune, it was only temporarily. McMahon, lionized as a marketing "genius," figured he could camp up pro football à la wrestling. 78, Lincoln and Stuart, FL; cofounder, New Boston Fund; Philanthropist$300 million. Like Peter Lynch (No. Cascade Communications, as the company was called, would be a gamble at manufacturing Internet equipment. 15) and is the uncle of Philadelphia Eagles owner Jeffrey Lurie. When Brockton native Fireman mortgaged his house to buy distribution rights for an unknown brand of athletic shoes in 1979, his wife had to sell encyclopedias door-to-door to help pay the bills. Koch is perhaps equally famous for his collection of ex-wives—he agreed to pay his second one $16 million in their acrimonious 2001 divorce. Don’t begrudge Berthiaume his wealth; his investors don’t. The notoriously media-shy Childs remains a cipher, but the brands his private equity firm has bought into are well known: Brookstone, NutraSweet, Meow Mix. The collapse of this year's deal between Ariba and Agile Software was a heartbreaker. Six months later, Deshpande launched into his next endeavor. August 2000 net worth: $1 billion Current net worth: $700 million. Their drug-coated stent, Taxus, introduced in 2004, sold faster than Viagra. Cisco's most recent quarterly earnings revealed a net loss of $2.7 billion--the first ever in its 11-year history--and layoffs of 8,500, or 17% of its staff. By that time 72 percent of all Internet traffic was coursing through Cascade's products. Thanks to his track record for popularizing ersatz athletics, GE unit NBC agreed to air McMahon's slugfests. But on a single day that year, he exercised more than 1.8 million stock options at $4.07 a share, according to SEC filings. Should have diversified, Bob! Smith used to play tennis with Bob Kraft (No. All 46 U.S. billionaires who've dropped off the list. Gururaj Deshpande prefers doing the exact opposite. August 2000 net worth: $1.1 billion Current net worth: $100 million*. Weiner is forward-thinking in another way, too: He and his wife just gave $6 million to Beth Israel Deaconess to fund stem-cell research. Over the past two decades the wealthiest households in this state have seen their incomes rise five times faster than the poorest and twice as fast as those in the middle class. He can afford it. He inherited his father’s sense of humor, too, pledging $500,000 to Caritas Norwood Hospital and asking that the morgue be named for him. He is an actor, known for Forsthaus Falkenau (1989), Frankenberg (1994) and Bratkartoffeln inbegriffen (1967). In 1996 Stata stepped down as CEO of semiconductor maker Analog, a company he cofounded. 57, Boston; venture partner, Highland Capital Partners$202 million. He obviously got the salesmanship gene: Ernie Jr. sold 900 cars last Presidents’ Day weekend alone. The 11 featured here lost a total of $21 billion in just ten short months. She also carries on her husband’s philanthropy. Sycamore was founded a year after Cascade in anticipation of the optical-networks boom. This search result is here to prevent scraping, On the Market: A Sparkling Single-Family Home in Somerville, The 15 Best Foliage Drives in New England, Everything You’ve Read About Harvard’s Winklevoss Twins Is Wrong. He’s unapologetic about falling for Suzy—whose ring finger carries 10.8 carats of diamonds—while still married to his second wife, though said wife is rumored to have diminished his fortune by more than $100 million in the divorce (the settlement remains sealed). He’s planning to sell up to a million shares in the coming months, which stands to add at least $18 million to his bank account. Ad sales are shrinking for all media, but Martha Stewart Living Omnimedia still turned in some respectable first-quarter results, with sales of $71 million, up 3%, and earnings of 13 cents per share, up 6%. 70, Hopkinton and Boca Raton, FL; cofounder, EMC$1.3 billion. Prime Movers airs every Thursday on the Nightly Business Report. Of course, that’s one-third of a company still valued at almost $1 billion. Fish’s fingerprints are all over the state: He put up the $10.7 million Seiji Ozawa Hall at Tanglewood, managed the $147 million John Adams Courthouse renovation, and is building the $278 million Mandarin Oriental and the $150 million Westin Boston Waterfront hotel. Success or failure, it was the doing he loved. That seemingly means Arthur S.’s family will hang on to the controlling interest in the Demoulas Super Markets company a judge took away from cousin Arthur T.’s side. Last year the Lynchs bought a $6.1 million condo overlooking the Public Garden, and—together with their daughter and son-in-law—a $5.1 million house on Beacon Hill. Plus, he’s cool enough to hang with U2, as he did at Radius last December and in a private box at the then FleetCenter. All Rights Reserved, This is a BETA experience. have kept for themselves. In 1997, Cascade was sold to Ascend Communications for $3.7 billion. When the blunt-spoken, Dorchester-born ex-Marine teamed up with fellow Northeastern grad Roger Marino to get in on the ground floor of the data storage business, their office was his living room, his wife was their first employee, and they sold office furniture on the side to make ends meet. Money managers who help the rich get richer are doing pretty well themselves. Her upcoming autobiography is set to be published by Random House in 2003. Druker is exceptional, his competitors say, because he carries little debt on the 50-odd hotels and apartment buildings he owns or manages. Check Reputation Score for Gururaj Deshpande in Andover, MA - View Criminal & Court Records | Photos | Address, Emails & Phone Numbers | Personal Review | $200 - $249,999 Income & Net Worth 55, Andover; founder and chair, Sycamore Networks$412 million. After selling Simplex for $1.2 billion, Watkins no longer has to worry about money. Koogle was ousted in March, and now Yahoo is again in search of more maturity--this time in the form of an established media partner that can take its brand beyond the Web. After twice trying to buy the Celtics, he finally became principal owner of the Atlanta Hawks and Atlanta Thrashers, only to be bought out by his partners in an ugly dustup. Vinik, who also owns a piece of the Red Sox, just sold his $2 million Weston colonial and moved into a $12.5 million Weston mansion. And though Horne retired in 2002, his family still controls more than 40 percent of the company’s stock. PradeepSindhuPradeep Sindhu is praying that Juniper Networks can continue to defy the telecom slump. Sycamore’s share price has since plummeted from a high of about $200 to less than $5, and Deshpande and his CEO, Dan Smith (No. And Chambers warns of another 10% dip in sales for the next quarter ending July 28. Dr. Bose—as his employees unfailingly call him—puts all the profits from his privately held company’s estimated $1.8 billion in annual sales back into research. But make no mistake: The old lion still roars. JayWalkerJay Walker's unfinished mansion stands in the woodsy hamlet of Ridgefield, Conn., as a not-so-subtle symbol of dashed dot-com dreams. A 2003 fundraiser at his Hopkinton home, attended by Dick Cheney, Mitt Romney, and 700 others, raised $1.4 million for the GOP. During baseball season he docks his $34 million, 164-foot yacht, the Iroquois, at Rowes Wharf. Forty-six Americans have dropped out of our billionaire club since The Forbes Four Hundred was compiled last August. Too bad for hockey. August 2000 net worth: $1 billion Current net worth: $100 million. In 1998, he became one of the few dot-com execs to turn a profit--and then watch the income statement revert back to red ink. It featured nearly 200 masterpieces from Koch’s art collection, including works by Monet, Cézanne, and Picasso, and two of his yachts—the one he skippered to victory in the 1992 America’s Cup, and the one that came in second, which he bought after the race. Gururaj Deshpande, Director, Ten Percent Owner at Sycamore Networks (SCMR), is currently unranked, see this insider's latest transactions. The Kanebs acquired Hood in 1995 and increased its annual sales from $600 million to around $2.3 billion, due in large part to their willingness to spend money on new products.

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