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Silver 11th on list of wealthiest Virginians LOCAL RESIDENTS ON LIST
Local men make Virginia Business 100 list

Date published: 6/6/2008

BY BILL FREEHLING

Fredericksburg real-estate developer Carl D. Silver placed 11th on a recently published list of Virginia's wealthiest people.

Virginia Business magazine published its annual list of the 100 richest Virginians in its June edition. The magazine estimated Silver's net worth at $800 million, the same as last year.

The magazine assigned a "B" confidence grade to Silver's net worth, which means it used public information about the person's assets but got no direct confirmation.

Spotsylvania County couple Betty and Farmer Meadows placed 44th on the list with a net worth of $129 million, which is $4 million more than their tally last year. The couple's Meadows Farms company includes nurseries, a golf course and a landscaping business. The magazine assigned an "A" confidence grade to the Meadowses' net worth, meaning it was confirmed.

As was true last year, the Mars family easily topped everyone else on the Virginia 100 list. The net worth of the Northern Virginia family, which owns Snickers and M&M's maker Mars Inc., was estimated at $14 billion. The confidence grade was "B."

Next on the list were William E. Conway Jr. and Daniel D'Aniello, McLean residents who co-founded The Carlyle Group, a global private equity firm. Each man's net worth was estimated at $2.5 billion with a confidence grade of "C," which is the magazine's best guess based on public information and comparisons with other similar companies in the same industry.

There were nine billionaires listed this year, the same as last year. This year the minimum net worth to make the list was $42 million. Last year it was $45 million.

Well-known names on this year's list include former Virginia governor and current U.S. Senate candidate Mark Warner (estimated net worth: $200 million) and the Rev. Pat Robertson (estimated net worth: $175 million).

Bill Freehling: 540/374-5405
Email: bfreehling@freelancestar.com


These Fredericksburg-area people made Virginia Business' list of the 100 richest Virginians. The full list is at virginiabusiness.com. Here are the descriptions that ran in the magazine, reprinted with permission.

CARL SILVER (11th)

Fredericksburg. 82. The 2.4 million-square-foot Celebrate Virginia commercial, residential and entertainment complex in Fredericksburg could get even bigger. A proposed $230 million Kalahari Resorts water park could help Fredericksburg become the tourism mecca that the Silver Cos.--Celebrate Virginia's developer--envisioned. Wisconsin-based Kalahari Resorts wants to build a project that includes a 125,000-square-foot indoor water park, 100,000-square-foot conference center and 700 hotel rooms on 49 acres adjacent to the Fredericksburg Expo & Conference Center. The Fredericksburg City Council agreed in April to give the project tax incentives for 20 years. Silver, the founder of the Silver Cos., is no longer involved in day-to-day operations after turning over the reins to his son, Larry. The Silver Foundation donates to many local charities, including the Rappahannock United Way, the Boys & Girls Clubs and the American Red Cross. Net worth: $800 million; confidence: B [which means the magazine has extensive public information about the assets but no direct confirmation].

BETTY AND FARMER MEADOWS (44th)

Spotsylvania County. Both 73. The Meadowses have expanded their nursery business to a location near Harpers Ferry, W.Va. The couple recently purchased 10 acres of commercial property in Charles Town for $1.3 million and opened their first nursery there in April. The two own Meadows Farms, Meadows Farms Landscaping and Meadows Farms Golf Course, a 27-hole course in Orange County. The Meadowses have 26 nurseries around Northern Virginia and also own an 850-acre farm that raises beef cattle. Farmer remains involved in the business. Son Jay Meadows, 45, serves as president of Meadows Farms. Net worth: $129 million; confidence: A [which means the person confirmed his net worth].