<<If whoever replaces Shrub has ANY sense of fiscal responsibility then the inside of the beltway is going to be hurting big time. >>
Hard to make predictions like that when you see who some of the people are who actually LIVE inside the Beltway.
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Area Populated With Uber-Wealthy
by SCOTT McCAFFREY, Staff Writer
Tuesday, June 12, 2007
Residents in the Sun Gazette circulation area are well represented among Virginia Business magazine's list of the 100 wealthiest individuals and families in the Old Dominion.
Again this year, McLean resident Forrest Mars Jr. and his two siblings - John Franklyn Mars of Arlington and Jacqueline Mars of New Jersey - top the list of the magazine's “Virginia 100.”
The three are descendants of Frank and Ethel Mars, who in 1911 founded a candy company that today has revenues of $18 billion per year and operates in 65 countries around the world, with product lines ranging from M&M candies to Uncle Ben's rice to pet food.
The magazine each year uses a variety of sources to rank the wealthiest 100 individuals and families in the Old Dominion. The 2007 list was published as part of the magazine's June edition.
With each estimate of net wealth comes a “confidence factor” ranging from “A” to “C” (“A” being strongest confidence, “C” being more an educated guess), denoting how strongly the magazine's editors feel they have been able to account for an individual's full wealth.
Among those also on the list from the local area (with biographical information from the magazine):
* Stephen Case, McLean ($1 billion, confidence “B”): Case served as chairman of AOL and most recently has been involved in Gratiscard, which works to “increase credit accessibility to low-income consumers,” the magazine said.
* Richard Fairbank, McLean ($750 million-plus, confidence “B”): Fairbank is chairman and CEO of Capital One.
* P. Wesley Foster Jr., McLean ($500 million-plus, confidence “C”): Foster heads real estate giant Long & Foster Cos.
* Theodore Leonsis, McLean ($475 million, confidence “A”): Leonsis made his fortune through AOL and today is active in sports-team ownership and local charitable initiatives.
* Dwight Schar, McLean ($445 million, confidence “B”): Schar's fortune came through his affiliation with home-builder NVR, where he has served as chairman and, formerly, as CEO.
* C. Daniel Clemente, McLean ($410 million, confidence “C”): Clemente is chairman of a real estate firm and also is involved in banking across the region.
* Russell Ramsey, Great Falls ($330 million, confidence “A”): Ramsey is former president of Friedman, Billings, Ramsey Group, remaining on the board, and is chairman of a hedge fund.
* Michael Saylor, McLean ($326 million, confidence “B”): Saylor was cofounder of MicroStrategy, where he serves as chairman and CEO.
* Rodney Hunt, McLean ($290 million, confidence “A”): Hunt is founder, president and CEO of RS Information Systems.
* Joseph Robert Jr., McLean ($260 million, confidence “C”): Robert is chairman and CEO of J.E. Robert Cos., a private real estate firm. He also is active in a number of charities devoted to children.
* Daniel Akerson, McLean ($190 million, confidence “C”): Akerson is managing director of the Carlyle Group and formerly held top posts at MCI Communications, XO Communications and Nextel Communications.
* Roger Mody, McLean ($135 million, confidence “B”): Mody sold his technology firm Signal Corp. in 2002, and more rcently has been involved in charitable works and with his motorsports team.
* William Inman, McLean ($86 million, confidence “B”): Inman is president of NVRM, a subsidiary of home-builder NVR Inc.
* John Jacquemin, Vienna ($80 million, confidence “A”): Jacquemin is founder and CEO of Mooring Financial Corp., and also is active in educational and arts charitable endeavors.
* Timothy Donahue, Great Falls ($69 million, confidence “B”): Donahue recently resigned as executive chairman of Sprint Nextel, and is on the boards of several other major corporations.
* William Brehm, McLean ($62 million, confidence “B”): Brehm is chairman-emeritus of SRA International, and currently is active in charitable endeavors.
The magazine's editors said the cut-off point for a place on the “Virginia 100” list was wealth of $45 million. Among those on last year's list, one died and eight dropped off.
Virginia Business magazine (www.virginiabusiness.com) is published by Media General. The “Virginia 100” list has been compiled since 1989.
Copyright © 2007 Suburban Washington Newspapers Inc. What's your opinion? Send letters to gazettenews@acnpapers.com
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