Frank Stronach

New billionaire. Canada's auto parts king left his native Austria for Montreal in 1954, where he spent three years working menial jobs such as caddy, dishwasher, and machinist. Opened his own tool and die shop with his friend Tony Czapka in 1957; today Magna International is one of the world's biggest automotive parts suppliers. Disputes with shareholders led him to give up control of Magna last year in exchange for a payout worth upwards of $1 billion. He's also a successful horse breeder: his Adena Springs Farm won its seventh breeder Eclipse Award this year, raking in double the earnings of its closest competitor.