The Asness Family – $3B
The Asness family is headed by Cliff Asness, who attended the University of Chicago Booth School of Business and the University of Pennsylvania. He got into the Ph.D. program and he became the assistant of the well-known market theorist Eugene Fama. In his dissertation, Asness went against Fama, writing a famous paper where he disputes the nature of making profit in business. He established his own capital management company and also became an activist, who often speaks out against the high fees in hedge fund management and what he refers to as “crony capitalism.”
The Asness Family – $3B
The Shah Family – $5.6B
The youngest son of the Shah family, Rishi Shah, actually leads this empire. He started his own business known today as Outcome Health, a true leader in healthcare media. Outcome Health integrates new technology into the waiting rooms and makes money through advertisements on the touchscreens. Shah’s father dropped out as a doctor, and started a different company, which merged with another firm and became Outcome Health. Rishi is currently the CEO of the company valued at $5.6 billion today.
The Shah Family – $5.6B