Are you ready to know the top 10 richest men in Los Angeles (L.A)? Then, this article is for you.
North America has many cities, and one of them is the most populous city called Los Angeles. Popularly known as L.A, the city takes the second position in the ranking of the most populated city in the United States, after New York City. It is the largest city in the West Coast of North American.
However, despite the high number of richest men in the city, there exists a category of the highest and the lowest. To keep you informed, this post provides for you the top 10 richest men in Los Angeles from the highest to the lowest.
The list was obtained from the Los Angeles Business Journal that tracked the wealthiest residents of the region for almost 25 years. Therefore, the ranking is accurate.
Top 10 Richest Men In Los Angeles (L.A) 2019
1. Elon Musk Net Worth: $20.9 Billion
Elon Reeve Musk, born on the 28th of June 1971 inSouth Africa, is a technology, entrepreneur, engineer, and an investor. He is known to have founded or co-founded many organizations; CO-founder, Chief Executive Officer (CEO) of Tesla, Inc., founder, CEO and lead designer of SpaceX; CEO and co-founder of Neuralink, co-founder of Paypal; co-founder and co-chairman of OpenAI and the Chairman of SolarCity. Due to his business adventure, he currently holds citizenship of many countries including the United State, South Africa, and Canada. Forbe’s The World’s Most Powerful People has him on number 21 and took the 54th position in the Forbes List of the wealthiest people in the World.
2. Patrick Soon-Shiong Net Worth: $7.1 Billion
Born in South Africa on July 29, 1952, Patrick Soon-Shiong is a Chinese American Surgeon, entrepreneur and philanthropist. Presently, he is the chairman, executive director and Professor in NantWorks, Wireless Health Institute and Department of Surgery, University of California, Los Angeles respectively. He also chairs the former Chan Soon-Shiong Institute for Advanced Health, Healthcare Transformation Institute and Chan Soon-Shiong Institute for Advanced Health. Both the Los Angeles Times and The San Diego Union-Tribune are also part of his large properties. Currently, he has over 100 US and over 140 international patents. In the medical circus, he is well known for co-discovering Abraxane, which is a pancreatic islet cell transplant technique.
3. David Geffen Net Worth: $8.3 Billion
Being an American business magnate, producer, film studio executive and philanthropist, David Lawrence Geffen was born in the year 1943. In his early life in 1970, 1980, 1990 and 1994, he co-founded Asylum Records, Geffen Records, DGC Records, and DreamWorks respectively. In fulfilling his philanthropic passion, he donated to many educational and research institutes most especially The David Geffen School of Medicine at the University of California, Los Angeles (UCLA). In recognition of his high level of contribution to the Music Industry, he has been awarded the President’s Merit Award for ‘indelible contribution to the music industry’ in February 2011. Also, he is one of the 2010 recipients of Ahmet Ertegun Award from the Rock and Roll Hall of Fame.
4. Eli Broad Net Worth: $6.7 Billion
Being an American entrepreneur and philanthropist, Eli Broad was born in the year 1933 into a family in New York, United States. He is popularly known for creating the two Fortune 500 companies located in two different organizations: SunAmerica and KB Home. He is also the founder of The Broad Foundation, which includes The Eli and Edythe Broad Foundation and The Broad Art Foundation. Since his high school days in Michigan State University where he obtained a degree in Accounting with a minor in Economics, he has been involved in entrepreneurial activities including selling garbage disposals door-to-door, selling women’s shoes and operating at Packard Motor on the Drill Press. He was the youngest resident of Los Angeles to acquire the credentials of a Certified Public Accountant (CPA).
Stewart and Lynda Resnick
5. Stewart and Lynda Resnick Net Worth: $5.6 Billion
Stewart and Lynda Resnick are a couple that decided to take entrepreneurship as a means of income. The couple is an American billionaire that bought The Franklin Mint in 1986 and sold twenty (20) years later. They both owned POM Wonderful and Fiji Water brands, JUSTIN Wines, Landmark Wines, Teleflora Floral Wire Service Company, Wonderful Pistachios and Almonds, etc. Today, almost all Americans purchase their products from POM Wonderful and Fiji Water. The Wife, Lynda Resnick, dropped out of school at 19 for her to have enough time to engage in her advertisement agency. Currently, they both owned a majority stake in the Kern Water Bank, which is one of the most extensive underground water storage facilities in California.
6. Edward Roski Net Worth: $5.7 Billion
Being an American Businessman, real estate developer, president of Majestic Realty and a billionaire, Edward Roski Junior was born in the year 1938 in Oklahoma and co-founded Los Angeles Kings and Lakers and founded the Silverton Las Vegas. Also, he is a philanthropist, lover of art collections and a decorated veteran of the Vietnam War. He schooled in the University of South California.
- 7. John Tu Net Worth: $5.3 Billion
Popularly known for co-founding Kingston Technology, John Tu is an American entrepreneur who also has an enormous passion for philanthropic activities. Born in 1940 in China, he studied electrical engineering before moving to California, where he started his business life. In the 1980s, together with David Sun, he founded Canton, which they sold six years later for the sum of $6 million. In 1996, Softbank approached the two gentlemen, and they sold righty (80) percent of Kingston Technology to the company. However, in 1999, they bought back the company for the sum of $450 million. In fulfilling his philanthropic passion, he has supported foundations like Erin Gruwell’s Freedom Writers and the Freedom Writers Foundation. Eight years ago, he decided to donate $1.2 million to every first-year medical student at the UC Irvine and iPad.
- 8. Steven Udvar-Hazy Net Worth: $3.9 Billion
Popularly known as Istvan or Steve Hazy, Steven Ferencz Udvar-Hazy is a billionaire businessman born in Budapest, Hungary. He is identified with his Lease Corporation Company, called Air Lease Corporation Formerly, he is the chairman and Chief-Executive Officer of one of the two largest aircraft lessors in the World, International Lease Finance Corporation
9. Sean Parker Net Worth: $2.7 Billion
Sean Parker was born on the 3rd of December, 1979 in Herndon, Virginia, United States. His passion for becoming an entrepreneur and philanthropist makes him a renowned American Entrepreneur and Philanthropist. He is well known for co-founding Napster, which is a file-sharing computer service. Also, he is a co-founder of organizations like Plaxo, Causes, Airtime.com, and Brigade. Later, he founded the Parker Foundation to focus on life sciences, global public health, and civic engagement. Currently, he is also a managing partner at The Founders Funder and the first president of the most patronised social media in the World today, The Facebook.
- 10. William Barron Hilton Net Worth: $1 billion
Conrad Hilton gave birth to Barron Hilton, who is an American Business Magnate, Socialite, Entrepreneur and a hotel heir. William Barron Hilton is also a retired chairman, President and Chief Executive Officer of Hilton Hotels Corporation and Chairman of the Conrad N. Hilton Foundation. Also, he is among the founder of the American Football League and the owner of the Los Angeles Chargers. Born in Dallas, Texas, he attended the University of Southern California Aeronautical School where he was honoured with a twin-engine rating at a very young age.
Today, there are so many individuals in Los Angeles that not only improve the economy of the nation but also compete with the other richest men in global communities. These individuals range from entrepreneurs, industry leaders, tech titans, entertainments don, etc.