This is an archival story that predates current editorial management.
This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.
Meet Your Local Billionaires: Which Angelenos Made the Cut
Who are the richest Angelenos of them all?
Forbes came out with its annual list of billionaires for the 25th straight year, and Mark Lacter at L.A. Biz Observed sifted through that massive list and picked out the 28 Angelenos who made the cut. At the top is Eli Broad, who comes in at #157 on the worldwide list with an estimated net worth of $6.3 billion. Many billionaires are rich guys (and a couple gals) who made their money through entertainment, retail, aerospace and real estate. The only household name that hails from Tinseltown is Steven Spielberg.
When Forbes began putting together the list in 1987, there were 140 billionaires. Today there are 1,226.
#157 Eli Broad
$6.3 B 78 investments United States #184 David Geffen
$5.5 B 69 movies, music United States
#242 Sumner Redstone
$4.4 B 88 Viacom United States
#276 Jeronimo Arango & family
$4 B 86 retail Mexico
#276 Jin Sook & Do Won Chang
$4 B 57 retail United States
#330 Steven Udvar-Hazy
$3.4 B 66 aircraft leasing United States
#344 Kirk Kerkorian
$3.3 B 94 casinos, investments United States
#377 Steven Spielberg
$3 B 65 movies United States
#401 Haim Saban
$2.9 B 67 television United States
#442 Tamara Gustavson
$2.7 B 50 self storage United States
#442 David Murdock
$2.7 B 88 Dole, real estate United States
You can find the rest of the 18 entries on the list here, and check out their bios and the rest of the worldwide list here.