118. David Filo

Forbes - - PROMOTION — DAN FRANCIS -

Big changes in the past year at Ya­hoo, which Filo founded with Jerry Yang (No. 324) in 1994. In June, the com­pany sold its in­ter­net busi­ness to Ver­i­zon for $4.5 billion. Filo’s wealth has jumped $1.7 billion since last year, thanks largely to the re­struc­tur­ing. Af­ter the sale of the core busi­ness, the re­mains of Ya­hoo—lu­cra­tive stakes in Alibaba and Ya­hoo Ja­pan—were re­named Altaba, which has a lofty $60 billion mar­ket cap­i­tal­iza­tion. Filo and Yang met as doc­toral stu­dents in com­puter science at Stan­ford but dropped out to build Ya­hoo.

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