California Billionaires

California Billionaire

California Billionaires

March 10, 2006

Recent reports show that there are at least 100 new billionaires in the world this year, adding to the ever expanding list. Many billionaires reside in California, and are displayed below. Listings include rank, name, age where known, wealth in billions of dollars and source of the money.

A number of billionaires share the same rank because their wealth was reported as being identical to each other.

15. Lawrence Ellison, 61, $16, Oracle

26. Sergey Brin, 32, $12.9, Google

27. Larry Page, 33, $12.8, Google

53. Kirk Kerkorian, 88, $8.7, investments, casinos

63. Sumner Redstone, 82, $7.7, Viacom

103. Eli Broad, 72, $5.9, investments

104. Donald Bren, 73, $5.7, real estate

129. Eric Schmidt, 50, $4.8, Google

140. David Geffen, 63, $4.4, DreamWorks

140. Steven Jobs, 51, $4.4, Apple Computer, Pixar

147. Charles Johnson, 73, $4.3, Franklin Resources

168. David Murdock, 82, $4, investments

168. Charles Schwab, 68, $4, discount stock brokerage

181. Gordon Moore, 77, $3.7, Intel

185. Rupert Johnson Jr., 64, $3.6, Franklin Resources

194. Bradley Hughes, 72, $3.5, Public Storage

194. George Lucas, 61, $3.5, Star Wars

224. Roland Arnall, 67, $3, mortgage banking

240. David Filo, 39, $2.9, Yahoo

240. A. Jerrold Perenchio, 75, $2.9, Univision

245. Haim Saban, 61, $2.8, television

245. Steven Spielberg, 59, $2.8, movies

258. Henry Nicholas III, 46, $2.7, Broadcom

292. Riley Bechtel, 54, $2.5, engineering

292. Stephen Bechtel Jr., 80, $2.5, engineering

292. Barbara Davis and family, 76, $2.5, inheritance, oil

292. George Roberts, 61, $2.5, leveraged buyouts

317. Henry Samueli, 51, $2.4, Broadcom

317. Steven Udvar-Hazy, 60, $2.4, leasing

317. Jerry Yang, 37, $2.4, Yahoo

335. Ronald Burkle, 53, $2.3, investments

350. Gordon Getty, 73, $2.2, inheritance, oil

365. Alfred Mann, 80, $2.1, inventor, entrepreneur

365. Ernest Rady, 68, $2.1, banking, insurance

382. Charles Brandes, 63, $2, money management

382. William Hearst III, 56, $2, Hearst Corp

382. Michael Milken, 59, $2, investments

382. John Sobrato, 66, $2, real estate

410. Phoebe Hearst Cooke, 79, $1.9, Hearst Corp

410. Louis Gonda, 57, $1.9, leasing

410. David Hearst Jr., 60, $1.9, Hearst Corp

410. George Hearst Jr., 78, $1.9, Hearst Corp

410. Irwin Jacobs, 72, $1.9, Qualcomm

428. Franklin Booth Jr., 83, $1.8, Berkshire Hathaway

428. Margaret Cargill, 86, $1.8, inheritance

428. Jess Jackson, 76, $1.8, Kendall-Jackson

451. Tom Gores, 41, $1.7, leveraged buyouts

451. Anthony Pritzker, 45, $1.7, hotels, investments

451. Daniel Pritzker, 47, $1.7, hotels, investments

451. John Pritzker, 53, $1.7, hotels, investments

486. Ray Dolby, 73, $1.6, Dolby Laboratories

486. Thomas Siebel, 53, $1.6, Siebel Systems

486. Patrick Soon-Shiong, 54, $1.6, generic drugs

486. Elizabeth Wiskemann, $1.6, mutual funds

512. Archie Aldis (Red) Emmerson, 76, $1.5, timberland, lumber mills

512. Charles Munger, 82, $1.5, Berkshire Hathaway

512. Kavitark Shriram, 50, $1.5, Google

512. Margaret Whitman, 49, $1.5, Ebay

562. John Anderson, 88, $1.4, investments

562. George Argyros, 69, $1.4, investments

562. Robert Day, 61, $1.4, money management

562. Leslie Gonda, 85, $1.4, International Lease Finance

562. Ming Hsieh, 50, $1.4, Cogent Systems

606. John J. Fisher, 44, $1.3, Gap

606. Robert Fisher, 52, $1.3, Gap

606. William Fisher, 48, $1.3, Gap

606. Alec Gores, 53, $1.3, leveraged buyouts

606. Gary Michelson, 57, $1.3, medical patents

606. John Morgridge, 72, $1.3, Cisco

606. Alexander Spanos, 82, $1.3, real estate

645. Carl Berg, 68, $1.2, real estate

645. Timothy Blixseth, 55, $1.2, timber, real estate

645. Alan Casden, 60, $1.2, real estate

645. Scott Cook, 53, $1.2, Intuit

645. David Copley, 54, $1.2, newspapers

645. Roy Disney, 76, $1.2, Walt Disney

645. Ernest Gallo, 97, $1.2, wine

645. Herbert Sandler, 74, $1.2, banking

645. Theodore Waitt, 43, $1.2, Gateway

698. John Arrillaga, 68, $1.1, real estate

698. Kenneth Fisher, 55, $1.1, money management

698. William Gross, 61, $1.1, bonds

698. George Joseph, 84, $1.1, insurance

698. Robert Naify, 84, $1.1, movie theaters

698. Richard Peery, 65, $1.1, real estate

698. Edward Roski Jr., 67, $1.1, real estate

698. Marion Sandler, 75, $1.1, banking

698. Joyce Raley Teel, 76, $1.1, supermarkets

746. L. Doerr, 55, $1, venture capital

746. William Hilton, 78, $1, hotels, casinos

746. Bernard Osher, 78, $1, banking, investments

If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at www.GROCO.com.  Unfortunately, we no longer give advice to other tax professionals gratis.

To receive our free newsletter, contact us here.

Subscribe our YouTube Channel for more updates.

Alan Olsen, CPA

Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com.  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

 

Alan L. Olsen, CPA, Wikipedia Bio

 

 

GROCO.com is a proud sponsor of The American Dreams Show.

 

American-Dreams-Show-Accounting-firm-in-ca-cpa-tax-advisors-groco-alan-olsen

The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business. Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most. They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

Untitled_Artwork copy 4

MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges. Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

Posted in

Thieves Steal Confidential Taxpayer Info Via IRS Website

Just when you thought you were safe to access important and confidential information via the IRS website, it turns out scammers are at it again. According to reports from the IRS, thieves have managed to break into one of the government agency’s website services and steal the confidential information of thousands of taxpayers. In fact,…

SEC Penalizes Deutsche Bank for Questionable Accounting Issues

Accounting mistakes can happen to anyone, whether you’re self-employed, have a small business with just a few employees, or you run a major corporation. However, even when mistakes happen, the consequences can be damaging. When those mistakes, or irregularities, involve large organizations like corporations, banks and financial institutions the consequences can be severe. Recently, the…

Activists, Unions Take Aim at Governor Brown’s Budget Grip

California Governor Jerry Brown has been known to rule the state’s budget with a tough grip. Not much has passed or been voted down without him having a hand in the decision. The governor has fought for tax hikes, put the kybosh on new programs that call for more spending and worked tirelessly on building…

Tax Fraud Getting More Advanced – Are You Prepared?

It used to be that tax fraud was fairly cut and dry. Essentially, it involved an individual or company who, for various reasons, tried to purposely fudge on their taxes, either by understating their income or by trying to completely skip out on filing a return. Those practices certainly still exists, despite the IRS’s constant…