Forbes

RICH BUT NOT RICH ENOUGH

A billion dollars—or even a couple billion—doesn’t hack it anymore. With a record $2.9 billion cuto 353 American billionair­es have fortunes too small to qualify for this year’s Forbes 400.

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With a sky-high cuto , even famous faces came up short: Facebook’s Sheryl Sandberg, Uber’s Travis Kalanick and Revlon’s Ron Perelman aren’t worth enough to make this year’s Forbes 400. Of the 122 Americans who became billionair­es in the past year, only 27 made the list—but many more are on their way up.

One newly minted billionair­e worth watching is 53-year-old proli c investor and entreprene­ur Jenny Just. Over the past 24 years, she has started or bought 15 companies in industries ranging from insurance (National Flood Services) and video games (esports team Evil Geniuses) to options trading (Peak6 Capital Management). The biggest deal of her career will happen later this year, though. Her star investment, Apex Fintech Solutions—which handles back-o ce operations for mobile trading apps, robo-advisors and more—is slated to go public via a SPAC merger that values the company at $4.7 billion. That transactio­n, which made her a billionair­e, boosted her net worth to $1.5 billion.

“I think it’s critical that women make decisions around money,” says Just, who was a single mother when she cofounded the parent company, Peak6, in 1997.

 ?? ?? Jenny Just
Jenny Just

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