SPECIAL FEATURE
POWER 100
BUSINESS Steve and Jean Case Chairman and CEO, Revolution; Chairman of the Board, National Geographic and CEO, Case Foundation Steve Case’s Revolution Growth venture capital firm aims at broadening the geographic areas of investment. He argues that 75 percent of venture capital went to three states in 2018: New York, California and Massachusetts. That left 47 states fighting over the remaining funds. His Rise of the Rest bus tour has visited 38 heartland cities and held pitch competitions for $100,000 investments. Jean Case heads National Geographic Society and also oversees the Case Foundation, funder of City Year, which provides academic support for public school kids and also focuses on “entrepreneurial investment.”
Jeff Bezos
Chairman, Amazon; owner, The Washington Post The bad news for Bezos is that his divorce settlement from his estranged wife MacKenzie is expected to knock him off his perch as the world’s richest man — and make his wife one of the world’s richest women. As of February, Bezos was worth more than $145 billion. Under Seattle’s community property laws his wife is entitled to half his estate, or $72.5 billion, however, they reportedly settled for $36 billion. Bezos has stood up to threats by the National Enquirer to publish photos and texts related to his extra-marital affair, accusing its owner, David Pecker, of extortion. The scandal sheet’s action is seen as inspired by Trump, who is close to Pecker, to retaliate against what the President sees as unfavorable coverage by the Bezos-owned Washington Post. But business is business: Amazon sells Trump’s signature Make America Great Again baseball cap on its website for $10.95.
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Richard Fairbank Chairman & CEO, Capital One Bank The head of the bank that asks “What’s in your wallet?” in its advertising now has $1 billion in his. According to Bloomberg, Fairbank’s net worth passed the billiondollar mark in 2018. One of the longestserving bank CEOs in America, Fairbank hasn’t collected a salary since 1997. In recent years, he has received an average of $18 million in bonuses and shares. And he knows Jennifer Garner, main star of Capital One’s commercials. Marillyn Hewson CEO, Lockheed Martin When President Trump forgot her full name he called her Marillyn Lockheed, but to the defense industry that’s who she is. She joined the aerospace and defense company in 1983 as a senior industrial engineer, worked in virtually every department and 30 years
later was appointed CEO. Fortune magazine recently called her “the Pentagon’s top weapons supplier.” The list includes the F-35 fighter jet program, with a supersonic aircraft that breaks the sound barrier with no sonic boom under development. Hewson’s current annual compensation: $22.87 million. Sheila Johnson CEO, Salamander Hotels & Resorts. The co-founder of BET (Black Entertainment Television) found a new interest six years ago in the Salamander Resort & Spa, 340 acres in the heart of Virginia’s horse and wine country. In 2018, Forbes Travel Guide awarded the resort its coveted five-star rating. She has turned Salamander into the headquarters of a small empire, acquiring four more resorts, three in Florida, and more recently one in South olina. She has also returned to her entertainment roots by launching the annual Middleburg Film Festival, which has become a key stop on the road to the Oss. This is in addition to her being part owner of three professional teams, the NHL’s Washington Capitals, the NBA’s Washington Wizards and the WNBA’s Washington Mystics, all of which secures her place among Washington business titans. David Rubenstein Co-executive Chairman, The lyle Group; Chairman, The Kennedy Center David Rubenstein is almost as much of a Washington monument as the historic sites he has contributed money to restore or preserve as a leader in the area of patriotic philanthropy, including the Washington Monument, the Library of Congress, Mount Vernon and the National Zoo. He is on the board of practically everything that is worth being on the board of, including the Washington National Opera, the Kennedy Center, the Smithsonian Institution and a lot more. When it comes to supporting and
WA S H I N G T O N L I F E
| m ay
2019
| washingtonlife.com