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California home to 88 of Forbes' 400 richest Americans


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By: Agustin Armendariz, California Watch

September 29, 2011 - The Golden State boasts the most billionaires living within its borders among all U.S. states, according to calculations by Forbes to determine the 400 richest Americans.

Of course, if you control for population, Wyoming, Montana, New York, Connecticut and Nevada all have a higher per-capita concentration of billionaires. But California has a couple of billionaires for every million people living in the state.

Oracle co-founder and CEO Larry Ellison is the richest Californian, with a net worth of $33 billion, and the third-richest American behind Bill Gates ($59 billion) and Warren Buffett ($39 billion).

The vast majority of California's billionaires are older than 50, but two are still in their 20s and work at Facebook. With a net worth of $17.5 billion, 27-year-old Facebook founder and CEO Mark Zuckerberg is the second-richest Californian and 14th-richest American, according to Forbes. Facebook co-founder Dustin Moskovitz is also 27, and Forbes estimates his net worth at $3.5 billion.

Googlers Larry Page and Sergey Brin are both 38, among the youngest billionaires, and rank just behind Zuckerberg. They are tied for third-richest Californian and 15th-richest American.

Nationwide, eight out of every nine billionaires on the list is older than 50. For the full list, visit www.forbes.com/forbes-400.

National rank Name Age Net worth
(billions)
Residence Source Industry
3 Larry Ellison 67 $33 Woodside, CA Oracle, self-made Technology
14 Mark Zuckerberg 27 $17.5 Palo Alto, CA Facebook, self-made Technology
15 Larry Page 38 $16.7 Palo Alto, CA Google, self-made Technology
15 Sergey Brin 38 $16.7 Los Altos, CA Google, self-made Technology
26 Donald Bren 79 $12 Newport Beach, CA real estate, self-made Real Estate
39 Steve Jobs 56 $7 Palo Alto, CA Apple, Pixar, self-made Technology
39 Patrick Soon-Shiong 59 $7 Los Angeles, CA generic drugs, self-made Health care
48 Eli Broad 78 $6.3 Los Angeles, CA investments, self-made Investments
50 Eric Schmidt 56 $6.2 Atherton, CA Google, self-made Technology
58 David Geffen 68 $5.5 Malibu, CA movies, music, self-made Media

 

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