#37 - Frederick ?ed?Field

Net Worth: $745 million -25%

Last Year: $995 million

Age: 56

Residence: Beverly Hills

Source of Wealth: Inheritance, music


The Money: Field? project to make music download site ArtistDirect a winner backfired. Despite strategic switch to anti-virus software, company lost $48 million. His horror film ?he Horsemen?cost $20 million but barely made a cent. Imploding capital and real estate didn? help heir to Marshall Field department store fortune.

Buzz: Deal to sell ArtistDirect for a mere $2.8 million fell apart. But Field? Radar Pictures is active with nine movies in development and four in production. Thrice divorced, Field often sighted at movie premieres with young starlets on his arm. Every year he throws Halloween party in Westwood for Hollywood elite. Co-sponsored Barack Obama fundraiser in Pacific Palisades for supporters willing to pay $2,300 a plate. Field came to Los Angeles at 21 and co-founded Interscope Records. Label discovered Dr. Dre and Snoop Dogg. After Universal bought Interscope for $330 million in 1995, Field turned to movies, earning a producer credit on more than 50 features, including ?unaway Bride?and ?he Last Samurai.?br>

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