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Wealthiest Persons in Los Angeles County, 2004

                                                                                                                           See also:  2006  2003  2002

Name

Net Worth

Age

Residence

Source of Wealth

Redstone, Sumner M

$8.1 billion

81

Beverly Hills

Viacom

Broad, Eli

$6.0 billion

71

Los Angeles

Investments

Davis, Marvin H

$5.8 billion

79

Beverly Hills

Investments

Kerkorian, Kirk

$5.8 billion

87

Los Angeles

Investmentssinos

Geffen, David

$4.4 billion

61

Malibu

Entertainment

Perenchio, A Jerrold

$2.7 billion

73

Bel Air

Univision

Spielberg, Steven

$2.6 billion

57

Pacific Palisades

Entertainment

Hughes, Bradley Wayne

$2.5 billion

71

Bel Air

Public Storage

Udvar-Hazy, Steven

$2.4 billion

58

Beverly Hills

International Lease Finance

Burkle, Ronald

$2.3 billion

51

Los Angeles

Supermarkets, Investments

Saban, Haim

$2.2 billion

59

Beverly Hills

Television

Gonda, Louis L

$1.9 billion

56

Beverly Hills

International Lease Finance

Hearst, David Whitmire Jr

$1.8 billion

59

Los Angeles

Hearst Corp

Hearst, George Randolph Jr

$1.8 billion

77

Los Angeles

Hearst Corp

Booth, Franklin Otis Jr

$1.7 billion

81

Los Angeles

Berkshire Hathaway

Gores, Tom T

$1.7 billion

40

Beverly Hills

Leveraged Buyouts

Name

Net Worth

Age

Residence

Source of Wealth

Murdock, David Howard

$1.7 billion

81

Los Angeles

Investments

Munger, Charles T

$1.6 billion

80

Los Angeles

Investments

Gonda, Leslie L

$1.5 billion

84

Beverly Hills

International Lease Finance

Pritzker, Anthony

$1.5 billion

43

Los Angeles

Hotels, Investments

Roberts, George R

$1.5 billion

60

Los Angeles

Leveraged Buyouts

Mann, Alfred

$1.4 billion

78

Los Angeles

Inventor, Entrepreneur

Gores, Alec

$1.3 billion

51

Beverly Hills

Leveraged Buyouts

Soon-Shiong, Patrick

$1.2 billion

52

Los Angeles

Generic Drugs

Roski, Edward P Jr

$1.1 billion

65

Los Angeles

Real Estate

Anderson, John Edward

$1.0 billion

87

Bel Air

Investments

Day, Robert Addison

$1.0 billion

60

Los Angeles

Money Management

Disney, Roy Edward

$1.0 billion

74

Los Angeles

Walt Disney

Joseph, George

$1.0 billion

83

Los Angeles

Insurance

Milken, Michael Robert

$1.0 billion

58

Los Angeles

Investments

Field, Frederick "Ted" Woodruff

$900 million

52

West Hollywood

Music, Movies

Glazer, Guilford

$900 million

83

Beverly Hills

Shopping Malls

Name

Net Worth

Age

Residence

Source of Wealth

Katzenberg, Jeffrey

$800 million

53

Beverly Hills

Movies

Milken, Lowell Jay

$800 million

55

Los Angeles

Investments

Hilton, William Barron

$775 million

76

Los Angeles

Hotelssinos

Bing, Stephen L & Family

$750 million

39

Beverly Hills

Inheritance

Source: Forbes Magazine

 

Sumner Redstone's personal wealth at $8.1 billion made him the wealthiest resident in 2004 in Los Angeles County and the second wealthiest resident in California (behind Lawrence Ellison of Oracle Corp., whose wealth stood at $13.7 billion). Redstone ranked only 20th among the wealthiest persons in the nation (Ellison ranked 10th).  Eli Broad, who had long been Los Angeles County's wealthiest resident, ranked just behind Redstone in both the county and state and 28th in the nation.

According to Forbes Magazine, California was home to 98 people who in 2004 had a personal net worth of $550 million or more. Of these, 35 resided in Los Angeles County, the highest concentration of any of the state's counties. As for individual cities, Los Angeles tied with San Francisco with 22 residents each worth $550 million or more. Beverly Hills was home to 11.

 

 

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