Ric Elias, co-founder and chief executive of Red Ventures, appeared on the list for the first time, coming in at No. Forbes pegs his net worth at about $1 billion. The feature notes that Elias, 56 and a native of Puerto Rico, created the company along with co-founder Dan Feldstein in 2000. It has since become a massive conglomerate of media properties such as CNET , The Points Guy, Bankrate.com and Healthgrades.com. That article noted a “conservative valuation” of Red Ventures at the time of $11 billion, of which Elias owns 20%.

Source: Forbes May 15, 2024 00:24 UTC