324. Jerry Yang

Forbes - - PROMOTION -

$2.5 billion  Self-made Score: ) Source: Ya­hoo

age: 49 res­i­dence: los al­tos hills, calif. m.s., Stan­ford ’90

At Stan­ford, Yang stud­ied elec­tri­cal en­gi­neer­ing, then dropped out of a PH.D. pro­gram to found Ya­hoo with David Filo (No. 118) in 1994. As Ya­hoo CEO, he cham­pi­oned the tech firm’s pur­chase of a stake in Alibaba for $1 billion in 2005, which sub­se­quently grew phe­nom­e­nally in value. Af­ter re­ject­ing a Mi­crosoft ac­qui­si­tion of­fer in 2008, he stepped down as CEO the fol­low­ing year and left the board 3 years later. A much­faded Ya­hoo sold its core op­er­at­ing busi­ness to Ver­i­zon in June for $4.5 billion; the re­main­ing as­sets (in­clud­ing the Alibaba stake) were re­named Altaba.

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