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Wealthiest Persons in Los Angeles County, 2012

Name

Net Worth
(Billion)

Age

Residence

Source Of Wealth

National
Rank*

California
Rank**

Patrick Soon-Shiong

$7.3

61

Los Angeles

Pharmaceuticals

47

7

Eli Broad

$6.3

79

Los Angeles

Investments

55

8

David Geffen

$5.6

70

Malibu

Movies, Music

57

9

Jin Sook & Do Won Chang

$4.5

58

Beverly Hills

Forever 21

79

13

Sumner Redstone

$4.1

89

Beverly Hills

Viacom

91

14

Edward Roski, Jr.

$3.7

74

Los Angeles

Real Estate

104

15

Steven Udvar-Hazy

$3.3

67

Beverly Hills

Aircraft Leasing

120

17

Steven Spielberg

$3.2

66

Pacific Palisades

Movies

125

18

Haim Saban

$3.1

68

Beverly Hills

Television

128

19

Tamara Gustavson

$3.0

51

Malibu

Self Storage

132

20

Kirk Kerkorian

$2.9

95

Beverly Hills

Casinos, Investments

142

21

John Tu

$2.6

72

Rolling Hills

Computer Hardware

170

23

Anthony Pritzker

$2.5

52

Los Angeles

Hotels, Investments

179

24

Tom Gores

$2.5

48

Beverly Hills

Private Equity

179

24

Name

Net Worth
(Billion)

Age

Residence

Source Of Wealth

National
Rank*

California
Rank**

A. Jerrold Perenchio

$2.4

82

Bel Air

Television

190

25

David Murdock

$2.4

89

Los Angeles

Dole, Real Estate

190

25

Elon Musk

$2.4

41

Los Angeles

Tesla Motors

190

25

Michael Milken

$2.3

66

Los Angeles

Investments

206

26

Nicolas Berggruen

$2.3

51

Beverly Hills

Investments

206

26

Stewart & Lynda Resnick

$2.2

-

Beverly Hills

Agriculture, Water

218

27

Andrew & Peggy Cherng

$2.0

-

Los Angeles

Panda Restaurant Group

239

29

Alec Gores

$1.9

60

Beverly Hills

Private Equity

250

30

David Hearst, Jr.

$1.9

67

Los Angeles

Hearst Corp

250

30

Donald Sterling

$1.9

77

Beverly Hills

Real Estate

250

30

Bruce Karsh

$1.4

57

Los Angeles

Private Equity

328

35

Gary Michelson

$1.4

64

Los Angeles

Medical Patents

328

35

Howard Marks

$1.4

66

Los Angeles

Money Management

328

35

George Joseph

$1.1

91

Los Angeles

Insurance

392

38

* 400 Wealthiest Persons in the United States, 2012
** 87 Wealthiest Persons in California, 2012

Source: Forbes Magazine

 

South-African-born Patrick Soon-Shiong's personal wealth at $7.3 billion made him the wealthiest resident
in Los Angeles County in 2012 and the seventh wealthiest in the state. Forbes ranks him 44 among the 400
wealthiest people in the nation and 145 on their list of the world's billionaires. His father was a village doctor
in China who fled with his family to South Africa during World War II. Soon-Shiong graduated from high school
at age 16 and became a doctor at age 23. He went on to acheive prominence as a surgeon, medical researcher,
businessman, UCLA professor and philanthropist. He took his first pharmaceutical venture public in 2001,
eventually selling that and another start-up for more than $8 billion.

Forbes Magazine makes California home to 87 people who in 2012 had a personal net worth of $1 billion or
more. Of these, 28 reside in Los Angeles County, the highest concentration in any of the state's counties.
The combined wealth of Los Angeles County's billionaires came to $81.6 billion.

 

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