The golden city of the U.S has the highest number of Billionaires, and if it were a country, it would rank third in terms of the number of billionaires. The Golden State has acquired eight more billionaires this year compared to last year, including Yuan. After the technology industry, the next most profitable sectors are finance and investments, which accounted for 20%, and real estate, which accounted for 7%.
Here is the list of the top 10 billionaires in California
1. Mark Zuckerberg
- Net Worth: $101.6 Billion
- Source of Wealth: Facebook
Mark Zuckerberg is a American technology entrepreneur and philanthropist with a net worth of $101.6 billion. At the time of writing, Mark is the third wealthiest person on the planet.
A significant portion of Mark’s wealth comes from his shares in Facebook. He currently holds approximately 400 million shares of Facebook.
2. Elon Musk
- Net Worth: $90.8 Billion
- Source of Wealth: Tesla Motors, SpaceX
Elon Musk is a South African-born Canadian-American entrepreneur, inventor, and investor with a net worth of $90.8 billion. He is best known for his roles as the CEO and CTO of SpaceX, CEO and chief product architect of Tesla Motors, and chairman of SolarCity.
At the time of writing, Elon Musk holds approximately 20% of Tesla’s shares and 48% of privately-held SpaceX.
3. Larry Page
- Net Worth: $78 Billion
- Source of Wealth: Google
Larry Page is an American billionaire businessman with a net worth of $78 billion. He is most famous for being the co-founder and former CEO of the web giant Alphabet, which owns many subsidiary companies, including the search engine Google. Larry Page co-founded Google with Sergey Brin while they were both graduate students at Stanford.
4. Sergey Brin
- Net Worth: $75.8 Billion
- Source of Wealth: Google
Sergey Brin is a Russian-born American computer expert and internet entrepreneur with a net worth of $75.8 billion. He earned his net worth as the co-founder of Google, which today is under the umbrella parent company Alphabet. He co-founded the company with Larry Page, his classmate at Stanford’s computer science graduate program.
5. Larry Ellison
- Net Worth: $75.2 Billion
- Source of Wealth: Oracle
Larry Ellison is an American billionaire businessman with a net worth of $75.2 billion. He amassed his wealth as the founder of the software giant Oracle. He served as the CEO until September 2014.
In March, Ellison collaborated with a team of Oracle engineers to create a real-time coronavirus medication tracking website for the White House, in partnership with the Food and Drug Administration and other U.S. companies.
Related Article: Top 10 Most Affluent Individuals in Australia
6. Laurence Powell Jobs
- Net Worth: $20.3 Billion
- Source of Wealth: Apple, Disney
Laurene Powell Jobs is an American billionaire with a net worth of $20.3 billion. She is primarily known for being the widow of Apple founder Steve Jobs. However, most of her net worth does not come from the large stake in Apple she received from Steve. The majority of Laurene Powell Jobs’ wealth comes from her controlling stakes in two major American companies: Apple and Walt Disney. When Steve sold Pixar to Disney, he received 130 million shares of Disney. Today, Laurene owns 130,181,925 shares of Disney, valued at more than $13.15 billion. The remaining roughly $6 billion consists mostly of Apple stock, and at least $500 million in other assets.
7. Eric Schmidt
- Net Worth: $16.8 Billion
- Source of Wealth: Google
Eric Schmidt is an American businessman and philanthropist with a net worth of $17 billion. He is best known for his former role as CEO of Google. Today, he owns roughly 1.3% of Google, now known as Alphabet. He also holds approximately 4.3 million shares of Class C Alphabet stock. Over the last decade, Eric has sold nearly $3.5 billion worth of his Google stock.
8. Donald Bren
- Net Worth: $15.3 Billion
- Source of Wealth: Real Estate
Donald Bren is an American entrepreneur with a net worth of $15.3 billion. He is the chairman of the Irvine Group and is recognized as the wealthiest real estate developer in the US. He is also known for his philanthropic activities, having donated over $1 billion to various charities and foundations.
9. Jan Koum
- Net Worth: $10.1 Billion
- Source of Wealth: WhatsApp
Jan Koum, the former CEO of WhatsApp, resigned in April 2018, four years after he and fellow co-founder Brian Acton sold the messaging app to Facebook for $22 billion in cash and stock. Since his resignation, Koum has mostly been in the news for his extensive real estate purchases, including an $80 million estate in Atherton and a $100 million property in Malibu.
10. Gordon Moore
- Net Worth: $9.3 Billion
- Source of Wealth: Intel
Prior to becoming a philanthropist with the Gordon and Betty Moore Foundation, Gordon Moore co-founded the semiconductor firm Intel in 1968 and was one of the founders of Fairchild Semiconductor, often referred to as the incubator of Silicon Valley. He introduced Moore’s Law, a prediction that computer processing power would double every year.
These above top wealthiest individuals in California are truly inspiring for those wishing to make their mark in the world of economy.
