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Who Is a Billionaire?

Forbes.jpgThe Forbes 400 list of the richest Americans is out, and if you are worth a billion dollars and do not see your name on the list, please contact Forbes’ editors. That’s the amount of money that you need to make the grade. Amazingly, as late as 1991, there were only 71 billionaires on the list.

Fortunately, the College is well represented in the Forbes ranking, which by all accounts is closely scanned by the über-wealthy. They seemingly remain competitive with their peers no matter their level of monetary success in life. Dartmouth’s billionaires on the Forbes list are all on the Board of Trustees:

#110 Trevor Rees-Jones, $3,000,000,000

#110 Leon Black, $3,000,000,000

#252 Stephen Mandel, $1,600,000,000

#365 Steven Roth, $1,100,000,000

Did I miss anyone?

Addendum: Dartblog forbids any sneering here. These folks made their money fair and square, and by all accounts they have given generously to the College. However, it is fair to ask if they spend enough time understanding the College in order to serve effectively as Trustees. After all, they are also members of numerous other prestigious boards, and they still have serious ongoing business responsibilities. No members of the Board have been spotted recently hobnobbing with faculty members to get an independent view of the College. They should.

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