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Axios
11-04-2025
- Business
- Axios
Virginia's billionaire club grows
Virginia is now home to a whopping 10 members of the billionaires club, according to Forbes' annual list. Why it matters: That's two more billionaires than the state had last year. Driving the news: Bob Pender, co-founder of Arlington-based liquefied natural gas company Venture Global Inc, is one of two new-to-the-list Virginia-dwelling billionaires. Pender is a Falls Church resident worth around $9.1 billion. He and his co-founder took their company public in January (good timing), Washington Business Journal reports. He's joined as a Forbes list first-timer by Sheila Johnson, Salamander Collection CEO (and BET cable channel co-founder), who's been called "America's first Black female billionaire," per WBJ. Johnson's worth an even $1 billion and lives in The Plains, a little town about an hour west of D.C. Follow the money: The Plains is also home to the state's richest resident and the 34th wealthiest person on the planet, Jacqueline Mars. Mars has topped Virginia's list for more than a decade thanks to a family fortune built on Snickers, Twix and Milky Way. She has an estimated net worth this year of $42.6 billion. Other Virginia billionaires include: Pamela Mars, Jacqueline's niece, who lives in Alexandria and is worth $10.7 billion. That makes her the second-wealthiest person in Virginia. Winifred J. Marquart, a Virginia Beach resident and heir to the S. C. Johnson company, which owns Pledge, Windex and Ziploc bags, $4.7 billion. Daniel D'Aniello, co-founder of the private equity firm Carlyle Group and Vienna resident, $4.4 billion. William Conway Jr., co-founder of Carlyle Group and McLean resident, $3.9 billion. Steve Case, co-founder of the investment firm Revolution and AOL before that. He lives in McLean and is worth $2.4 billion. Richard Fairbank, chairman and CEO of Capital One. He's also in McLean and is worth $1.3 billion. Craig Abod, founder and owner of Carahsoft, a Reston-based technology company. He lives in Great Falls and is worth $1.1 billion.
Axios
07-04-2025
- Business
- Axios
These are the Washington area billionaires
The newest DMV billionaires are a duo who just took their energy company public, joining Forbes' annual list along with a handful of other locals. Why it matters: Two dozen billionaires on the global list have local ties. Follow the money: Mike Sabel and Bob Pender are founders of Venture Global Inc., an Arlington-based liquefied natural gas company that went public in January (good timing), Washington Business Journal reports. Sabel, a former investment banker who lives in D.C., and Pender, a D.C. attorney who lives in Falls Church, both rank No. 323 on Forbes' list — with net worths of $9.1 billion. Newcomers include Washington Spirit owner Michele Kang, United Therapeutics founder and CEO Martine Rothblatt, Salamander Collection CEO Sheila Johnson, and fast casual restaurant entrepreneur Ron Shaich, who is chairman of Cava.
