The Penske Family – $2B
One of the largest transportation service corporations in the world, Penske Corporation nets a billion dollars in revenue every year. It has been privately owned by its founder, Roger Penske, ever since the late 1960s. At the time, Penske was one of the most recognized auto racer in U.S. history and he was even named Driver of the Year in 1961 by Sports Illustrated. Penske used his knowledge of the track in the business world and it was clearly a win-win, seeing as the skilled motorist could ideally help design custom car maintenance parts and services.
The Penske Family – $2B
The Yang Family – $2.6B
Jerry Yang, a Taiwanese American electronic engineer, befriended the young software engineer David Filo at Stanford, and a few years later, they created a small web portal. The company soon turned into the enormous Internet empire Yahoo! Yang run the company’s business side, spearheading several major buys, including a large stake in Alibaba. Yang may have left Yahoo! a couple of years ago, but he’s since started a number of other Internet-based firms and successful hedge funds. His latest venture called AME Cloud Ventures gives investments to many startups and he’s currently on the board of directors of Alibaba.
The Yang Family – $2.6B