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";s:4:"text";s:5141:" Now he’s plowing some of his fortune back into causes including the Boston Pops, whose big Presidents at Pops event he chaired last year.Deshpande has had a long fall from the heady days when he started Cascade Communications with $1,000 and sold it for $3.7 billion, then founded Sycamore Networks, which boasted the fourth-largest IPO of all time. And give Nicholas more money to spend.Hostetter saw the potential of cable TV when everybody else was still struggling with rabbit ears. That adds up to a very comfortable retirement.46, Milton; CEO and president, Suffolk ConstructionWhen he took over the embryonic Suffolk from his father at 22, Fish didn’t even make as much as a good plumber.
He said he’s on the prowl for more.“It seems like Wall Street money has discovered that the automobile business is a good place to be,” Chambers said.Boch, though, chose to sell to an associate instead of to a Wall Street banker. He has used a large part of his fortune to endow the state’s biggest philanthropic organization, the $800 million Barr Foundation, while his wife heads the board of the Isabella Stewart Gardner Museum as it undertakes its first-ever expansion and a fundraising campaign whose target is reportedly some $60 million to $100 million.64, Boston and Old Lyme, CT; president, the Herb Chambers CompaniesChambers, who never went to college, was a Dorchester boy just out of the Navy when he talked his way into a job fixing copy machines in Cambridge. Bill Clinton occasionally stops by for lunch at Manning’s office or to golf with him and Kerry on the Vineyard. Boch Jr. is the CEO and president of Boch Enterprises, a $1 billion company consisting of automobile dealerships, and he has a net worth of $1.1 billion, according to NBC Boston. For the past 25 years, the MIT Ph.D. has been developing an ultrasmooth car suspension system (code name: Project Sound) that promises to pimp your ride the way his high-end speakers pimp your family room. That will buy a lot of gas for his $15 million Citation Sovereign private jet and the $100,000 stretch Subaru that takes him home at night to the $7 million compound he’s building for himself in Norwood.62, Brookline; former CEO and chair, Reebok InternationalWhen Brockton native Fireman mortgaged his house to buy distribution rights for an unknown brand of athletic shoes in 1979, his wife had to sell encyclopedias door-to-door to help pay the bills. He didn’t do so badly for himself, either. Finally, he and his family grossed more than $600 million in the $5.1 billion sale of Neiman Marcus. Chambers said he rebuffs offers for his car business periodically. Unlike the virtual billionaires, titans of manufacturing continue to prosper. In 1989, Smith sold his independent soda-bottling company to PepsiCo for $1.88 billion, then the highest price ever paid for a bottler. At the age of 73, he is still looking to buy more dealerships, particularly in Connecticut and New Hampshire, and has a meeting scheduled for Friday with 8), in the $200 million Westin set to open in July at the convention center.70, Boston; retired CEO, GE; principal, Jack Welch LLCWelch made $10,500 in his first year as a young chemical engineer at GE. Dr. Bose—as his employees unfailingly call him—puts all the profits from his privately held company’s estimated $1.8 billion in annual sales back into research. Koch’s fortune began with his father, an oil industry tycoon, but he sued two of his brothers for more money after they paid him and another brother $1 billion for their shares of the company, and his mother over her distribution of a trust fund. An armchair mathematician—even though he majored in English at Harvard—he underwrote the Clay Mathematics Institute in Cambridge, which is offering $1 million for each answer to seven of the most significant unsolved math problems (a Russian mathematician is said to be close to solving one). The Liberty Tree Mall became the first in a string of 20 malls he would develop, before selling most of them for $1.75 billion. The risk paid off: The couple stands to make $800 million from the $3.8 billion sale of Reebok to Adidas. If those gifts trimmed the couple’s fortune, it was only temporarily.