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Wealthiest Persons in Los Angeles County, 2006

                                                                                                               Also List for: 2010  2004  2003  2002

Name

Net Worth

Age

Residence

Source of Wealth

Kerkorian, Kirk

$9.0 billion

89

Los Angeles

Investments/Casinos

Redstone, Sumner M

$7.5 billion

83

Beverly Hills

Viacom

Broad, Eli

$5.8 billion

73

Los Angeles

Investments

Geffen, David

$4.6 billion

63

Malibu

Movies/Music

Murdock, David Howard

$4.2 billion

83

Los Angeles

Investments

Hughes, Bradley Wayne

$4.1 billion

73

Malibu

Public Storage

Soon-Shiong, Patrick

$3.4 billion

54

Los Angeles

Generic Drugs

Udvar-Hazy, Steven

$3.1 billion

60

Beverly Hills

International Lease/Finance

Perenchio, A Jerrold

$3.0 billion

75

Bel Air

Univision

Spielberg, Steven Allen

$2.9 billion

59

Pacific Palisades

Movies

Saban, Haim

$2.8 billion

61

Beverly Hills

Television

Burkle, Ronald

$2.5 billion

53

Los Angeles

Supermarkets/Investments

Mann, Alfred

$2.2 billion

80

Los Angeles

Inventor/Entrepreneur

Milken, Michael Robert

$2.1 billion

60

Los Angeles

Investments

Gores, Tom T

$2.0 billion

42

Beverly Hills

Leveraged Buyouts

Hearst Jr, David Whitmire

$2.0 billion

61

Los Angeles

Hearst Corp

Hearst Jr, George Randolph

$2.0 billion

79

Los Angeles

Hearst Corp

Pritzker, Anthony

$2.0 billion

45

Los Angeles

Hotels/Investments

Anderson, John Edward

$1.9 billion

89

Bel Air

Investments

Booth Jr, Franklin Otis

$1.9 billion

83

Los Angeles

Berkshire Hathaway

Roski Jr, Edward P

$1.8 billion

67

Los Angeles

Real Estate

Gonda, Louis L

$1.6 billion

58

Beverly Hills

International Lease/Finance

Munger, Charles T

$1.6 billion

82

Los Angeles

Berkshire Hathaway

Casden, Alan I

$1.5 billion

60

Beverly Hills

Real Estate

Michelson, Gary Karlin

$1.4 billion

57

Los Angeles

Medical Patents

Gonda, Leslie L

$1.3 billion

86

Beverly Hills

International Lease/Finance

Day, Robert Addison

$1.3 billion

62

Los Angeles

Money Management

Gores, Alec

$1.2 billion

53

Beverly Hills

Leveraged Buyouts

Disney, Roy Edward

$1.2 billion

76

Los Angeles

Walt Disney

Lovelace Jr, Jonathan & Family

$1.1 billion

79

Los Angeles

Mutual Funds

Hilton, William Barron

$1.0 billion

78

Los Angeles

Hotels/Casinos

Joseph, George

$1.0 billion

85

Los Angeles

Insurance

Source: Forbes Magazine

 

Kirk Kerkorian's personal wealth at $9 billion made him the wealthiest resident in Los Angeles County in 2006
and the fourth wealthiest in California (behind Oracle Corporation's Lawrence Ellison at $19.5 billion, and Google's
Sergey Brin and Larry Page, both at about $14 billion). Kerkorian ranks only 26th among the 400 wealthiest
people in the nation (Ellison ranks 4th).

According to Forbes Magazine, California was home to 89 people who in 2006 had a personal net worth of
$1 billion or more, 32 of whom resided in Los Angeles County, the highest concentration in any of the state's
counties. As for individual cities, Los Angeles led the state with 22 residents each worth $1 billion or more.
Beverly Hills was home to 8.

 

 

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