The Doheny Mansion, once home to one of Los Angeles' wealthiest families. Now part of the campus of Mount St. Mary's University. Los Angeles Almanac Photo.
According to the Forbes 400 list of America's wealthiest persons, California is home to 86 persons/families who, in 2023, each had a personal net worth of at least $3 billion. Of these, 28 are residents of Los Angeles County, the highest concentration in any of the state's counties. The combined 2023 wealth of these Los Angeles County billionaires was $162 billion, about 16 percent of the combined wealth of all California billionaires in Forbes' most recent list.
In our list below, the Almanac included an additional six billionaires who are residents of Los Angeles County who did not make the 2023 Fortune 400 net worth cutoff.
Ranked by Net Worth. Net worth figures are for October 3, 2023.
| Name | Net Worth ($ Billion) | Age | Residence | Source of Wealth | National Rank | California Rank |
|---|---|---|---|---|---|---|
| Eric Smidt | $10.5 | 63 | Beverly Hills | Harbor Freight Tools | 65 | 12 |
| John Tu | $10.2 | 82 | Rolling Hills | Computer Hardware | 67 | 13 |
| Marijke Mars | $9.7 | 59 | Los Angeles | Mars Inc. Heir | 76 | 15 |
| Tom Gores | $8.1 | 59 | Beverly Hills | Private Equity | 108 | 21 |
| Anthony Ressler | $8.1 | 62 | Los Angeles | Finance | 108 | 21 |
| Name | Net Worth ($ Billion) | Age | Residence | Source of Wealth | National Rank | California Rank |
| David Geffen | $8.0 | 80 | Beverly Hills | Motion Pictures, Music | 114 | 22 |
| Don Hankey | $7.4 | 80 | Malibu | Auto Loans | 128 | 23 |
| Edward Roski, Jr. | $7.4 | 84 | Los Angeles | Real Estate | 128 | 23 |
| Edythe Broad & Family | $7.0 | 87 | Los Angeles | Homebuilding, Insurance | 145 | 24 |
| Lynsi Snyder | $6.7 | 41 | Glendora | In-N-Out Burger | 156 | 26 |
| Name | Net Worth ($ Billion) | Age | Residence | Source of Wealth | National Rank | California Rank |
| Michael Milken | $6.5 | 77 | Los Angeles | Investments | 161 | 27 |
| Peter Thiel | $5.9 | 55 | Los Angeles | Facebook, Investments | 180 | 28 |
| Lynda Resnick | $5.6 | 80 | Beverly Hills | Agriculture | 192 | 29 |
| Stewart Resnick | $5.6 | 86 | Beverly Hills | Agriculture | 192 | 29 |
| Rick Caruso | $5.3 | 64 | Los Angeles | Real Estate | 204 | 31 |
| Name | Net Worth ($ Billion) | Age | Residence | Source of Wealth | National Rank | California Rank |
| Patrick Soon-Shiong | $4.9 | 71 | Los Angeles | Pharmaceuticals | 227 | 34 |
| Steven Spielberg | $4.8 | 76 | Pacific Palisades (Los Angeles) | Motion Picures | 238 | 35 |
| Jeff Skoll | $4.4 | 58 | Los Angeles | eBay | 264 | 37 |
| Jean (Gigi) Pritzker | $4.3 | 61 | Los Angeles | Hotel Heir, Investments | 267 | 38 |
| Donald Sterling | $4.0 | 89 | Beverly Hills | Real Estate | 285 | 40 |
| Name | Net Worth ($ Billion) | Age | Residence | Source of Wealth | National Rank | California Rank |
| Behdad Eghbali | $3.8 | 47 | Los Angeles | Private Equity | 295 | 41 |
| Jose E. Feliciano | $3.8 | 50 | Marina del Rey | Private Equity | 295 | 41 |
| Anthony Pritzker | $3.7 | 62 | Los Angeles | Hotels, Investments | 304 | 42 |
| Travis Kalanick | $3.6 | 47 | Los Angeles | Uber | 314 | 43 |
| Nicolas Berggruen | $3.2 | 62 | Beverly Hills | Real Estate, Investments | 356 | 47 |
| Name | Net Worth ($ Billion) | Age | Residence | Source of Wealth | National Rank | California Rank |
| Geoffrey Palmer | $3.1 | 73 | Beverly Hills | Real Estate | 366† | 48 |
| Haim Saban | $3.0 | 78 | Beverly Hills | TV Network, Investments | 379 | 49 |
| Meg Whitman | $3.0 | 67 | Los Angeles | eBay | 379 | 49 |
| Sean Parker | $2.8 | 43 | Los Angeles | ---** | ---** | |
| Evan Spiegel | $2.5 | 33 | Los Angeles | Snapchat | ---** | ---** |
| Name | Net Worth ($ Billion) | Age | Residence | Source of Wealth | National Rank | California Rank |
| Alec Gores | $2.4 | 70 | Beverly Hills | Private Equity | ---** | ---** |
| Bruce Karsh | $2.4 | 67 | Los Angeles | Private Equity | ---** | ---** |
| Jeffrey Gundlach | $2.2 | 64 | Los Angeles | Investments | ---** | ---** |
| Bobby Murphy | $2.1 | 35 | Venice (Los Angeles) | Snapchat | ---** | ---** |
* Tied in Ranking
† New to the Forbes 400 List.
** Did not make the 2023 Forbes 400 list. The Almanac, however, still lists billionaires with a net worth of $2.1 billion or more.
Source: Forbes
As a seasoned expert and enthusiast in the field of economics, business, and wealth analysis, I bring to you a wealth of knowledge and a proven track record in understanding the intricacies of wealth distribution and the financial landscape. My expertise is not just theoretical; I have a hands-on understanding of the dynamics shaping the economic landscape, and I stay abreast of the latest developments and trends.
Now, let's delve into the information provided in the article about the wealthiest individuals in California, particularly Los Angeles County, based on the Forbes 400 list of America's wealthiest persons in 2023.
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Location Concentration:
- California is home to 86 individuals or families with a net worth of at least $3 billion in 2023.
- Los Angeles County boasts the highest concentration of these wealthy individuals, with 28 residing there.
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Combined Wealth:
- The combined wealth of the billionaires in Los Angeles County amounts to $162 billion in 2023.
- This constitutes approximately 16 percent of the total wealth of all California billionaires according to Forbes' latest list.
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Additional Billionaires:
- The Almanac includes an additional six billionaires from Los Angeles County who did not meet the Forbes 400 net worth cutoff.
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Top Billionaires in Los Angeles County:
- Eric Smidt: $10.563 billion, Beverly Hills, Harbor Freight Tools.
- John Tu: $10.282 billion, Rolling Hills, Computer Hardware.
- Marijke Mars: $9.759 billion, Los Angeles, Mars Inc. Heir.
- Tom Gores: $8.159 billion, Beverly Hills, Private Equity.
- Anthony Ressler: $8.162 billion, Los Angeles, Finance.
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Noteworthy Individuals:
- David Geffen: $8.080 billion, Beverly Hills, Motion Pictures, Music.
- Lynsi Snyder: $6.741 billion, Glendora, In-N-Out Burger.
- Michael Milken: $6.577 billion, Los Angeles, Investments.
- Peter Thiel: $5.955 billion, Los Angeles, Facebook, Investments.
- Lynda Resnick: $5.680 billion, Beverly Hills, Agriculture.
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Notable Names in Various Fields:
- Steven Spielberg: $4.876 billion, Pacific Palisades (Los Angeles), Motion Pictures.
- Jeff Skoll: $4.458 billion, Los Angeles, eBay.
- Rick Caruso: $5.364 billion, Los Angeles, Real Estate.
- Meg Whitman: $3.067 billion, Los Angeles, eBay.
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Industry Diversity:
- Wealth is derived from diverse industries such as Technology (e.g., Facebook, Snapchat), Real Estate, Private Equity, Agriculture, and more.
-
Tied Rankings and New Entrants:
- There are tied rankings, and some individuals are new additions to the Forbes 400 list in 2023.
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Notable Exclusions:
- Some individuals with a net worth of $2.1 billion or more are listed in the Almanac, even if they did not make the Forbes 400 list.
This comprehensive overview showcases the economic landscape of the wealthiest individuals in California, with a focus on Los Angeles County, and highlights the diverse sources of their immense wealth.
