It went public through a reverse merger in June, sending Milton’s net worth skyrocketing. Trevor Milton NET WORTH: $3.3 billion SOURCE: Electric VehiclesĬollege and high school dropout Milton founded electric vehicle maker Nikola Corp. ![]() Mnaymneh and Tamer are among several new private equity billionaires to debut on The Forbes 400 thanks to previously unreported deals in which their firms sold stakes to large asset managers, raking in billions of dollars HIG Capital sold a 15% stake to Dyal in 2016. HIG, which has $39 billion in assets under management, excels at investing in mid-sized companies in the U.S., Europe and Latin America, including online women’s retailer Lulus and online high school yearbook vault Classmates. Mnaymneh and Tamer founded New York-based private equity firm HIG Capital in 1993 in their mid-thirties and now serve as co-CEOs. Tony Tamer NET WORTH: $4 billion SOURCE: Private equity Sami Mnaymneh NET WORTH: $4 billion SOURCE: Private equity Yuan owns roughly 16% of the Nasdaq-listed company. Revenues surged 96% to $146 million in the second quarter of 2020, driven by rising demand during the pandemic. ![]() ![]() Zoom’s stock has risen by nearly 300% since it went public in April 2019. in 1997 after eight failed attempts to obtain a visa. An engineering graduate of the Shandong Institute of Business and Technology in Yantai, China, he emigrated to the U.S. Long before Covid-19 quarantining at home turned his company into a household name, the 50-year-old Zoom Video Communications founder worked as a manager at Cisco’s WebEx video platform. Here are the 18 new members of The Forbes 400:Įric Yuan & family NET WORTH: $11 billion SOURCE: Videoconferencing
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