WHY CONSUMER STAPLES SHOULD BE ON YOUR SHOPPING LIST. Strong performance and lower risk aren’t boring. The consumer staples sector has historically delivered relatively low risk and high return, plus dividends, through steady demand in up and down markets over the past 30 years.* Stock up on opportunity FDFAX FIDELITY® SELECT CONSUMER STAPLES PORTFOLIO FSTA FIDELITY® MSCI CONSUMER STAPLES INDEX ETF Before investing in any mutual fund or exchange-traded fund, you should consider its investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully. Past performance is no guarantee of future results. Because of their narrow focus, sector funds tend to be more volatile than funds that diversify across many sectors and companies. Greater Return Annualized Total Return by Sector (1985–2015)* 6% 8% 10% 12% 14% Lower Risk Standard Deviation of Annual Total Returns (1985–2015)* Health Care 25% 20% 15% 10% Consumer Staples 14.5% Energy Technology Consumer Discretionary Materials Industrials Consumer Discretionary Technology Financials Utilities Energy Financials Telecom Materials Industrials Telecom Health Care Consumer Staples 14.3% Utilities Fidelity.com/staples 800.FIDELITY Or call your Advisor * Source: Haver Analytics, Fidelity Investments, as of July 31, 2015. Past performance is no guarantee of future results. Sectors are defi ned by the Global Industry Classifi cation Standard (GICS) and are based off the top 3,000 U.S. stocks by market capitalization. Annualized Total Return by Sector (1985–2015): Health Care (14.93%); Consumer Staples (14.47%); Energy (11.15%); Consumer Discretionary (11.13%); Industrials (10.94%); Technology (10.73%); Utilities (10.49%); Financials (10.41%); Materials (10.04%); Telecom (9.16%). Standard Deviation of Annual Total Returns (1985–2015): Technology (25.45%); Materials (20.73%); Consumer Discretionary (19.27%); Financials (19.26%); Energy (19.08%); Telecom (18.93%); Industrials (17.72%); Health Care (15.93%); Consumer Staples (14.32%); Utilities (14.02%). Fidelity Brokerage Services LLC, Member NYSE, SIPC. © 2015 FMR LLC. All rights reserved. 727880.2.0 Contents // JANUARY 18, 2016 VOLUME 197 NUMBER 1 ON THE COVER 60 | 30 UNDER 30 Our fi fth annual 30 Under 30 list again rec- ognizes America’s top young entrepreneurs and game changers—600 strong, in 20 diff er- ent fi elds. The process is intense—dozens of FORBES reporters vet thousands of names, with a panel of legends in each category over- seeing the fi nal cut. And the results are impres- sive: Behold, the future (and present) leaders of pretty much everything. EDITED BY CAROLINE HOWARD 2 | FORBES JANUARY 18, 2016 ©2015 Cartier CLÉ DE CARTIER MANUFACTURE MOVEMENT 1847 MC ESTABLISHED IN 1847, CARTIER CREATES EXCEPTIONAL WATCHES THAT COMBINE DARING DESIGN AND WATCHMAKING SAVOIR-FAIRE. CLÉ DE CARTIER OWES ITS NAME TO ITS UNIQUE CROWN. CONSIDERABLE MASTERY WAS REQUIRED TO CREATE FLUID LINES AND A HARMONIOUS ENSEMBLE, A TESTAMENT TO ACCURACY AND BALANCE. A NEW SHAPE IS BORN. Shop the New Collection on www.cartier.us - 1-800-cartier JANUARY 18, 2016 16 11 | FACT & COMMENT // STEVE FORBES Reality will smash Obama’s fantasy world. LEADERBOARD 16 | HOLLYWOOD’S BEST BANG FOR THE BUCK Golden Globes and Oscars don’t measure what really matters: Which actors and actresses offer the best return on investment? 20 | NEW BILLIONAIRE: FUELING HIS PASSIONS Vijay Goradia came to the U.S. and made a fortune in petrochemicals. Now he’s devoted to philanthropy in India, the homeland he left behind. 22 | COLLEGE FOOTBALL’S MOST VALUABLE TEAMS No, they can’t be sold. But the NCAA’s top gridiron squads are cash machines all the same. Plus: Ralph Lauren’s elegant barman’s kit. 24 | THE BEST (AND WORST) COUNTRIES FOR BUSINESS Are Scandinavian social democracies really the most capitalist-friendly places on earth? Plus: Iowa’s agricultural billionaire. 20 26 | HOW TO RAISE A BILLIONAIRE: BILL GATES What was the Microsoft founder like as a child? His father, Bill Gates Sr., recalls his bookish, inquisitive young son. 28 | CONVERSATION Lauding the Fintech 50. Plus: talking health care with the industry’s most prominent (and controversial) figures. THOUGHT LEADERS 30 | CURRENT EVENTS // AMITY SHLAES Coolidge heads for college. 31 | INNOVATION RULES // RICH KARLGAARD A man for all seasons. STRATEGIES 34 | THE FUTURE IS THE PAST The entire auto industry is betting on self-driving cars—except Mazda’s Masamichi Kogai, who believes lots of people love to get behind the wheel. BY JOANN MULLER 34 40 4 | FORBES JANUARY 18, 2016