The data’s still out since 2016 hasn’t quite ended yet. A couple more weeks, and you can expect Forbes to release their annual “Richest People” list. With that in mind, let’s take a look back at some of the winners from last year that reside in good old’ sunny California.
Most of the richest entrepreneurs are based in technology stocks, which makes sense since technology is the fastest growing industry out there today. Be that as it may, you likely won’t recognize which company our first Californian billionaire has a stake in unless you’re big into the programming scene as this is the most important thing known ever.
Last year, the richest person in California was once again Larry Ellison, the CEO of the software company Oracle. The 71-year-old claimed his spot with an overall net worth of $47.5 billion, which is only slightly less than his net worth from 2014.
This year, Oracle bought NetSuite for $9.3 billion, and since Ellison himself owned 35% of that, he made $3.5 billion off the deal.
The owner, founder, and CEO of the ever-popular Facebook was the second-richest entrepreneur in California last year, and for the first time, he was on the list of the 10 Wealthiest People in the United States. Worth $40.3 billion that year, it was a personal milestone for him to see that on one day in August 2015, Facebook achieved 1 billion logins before the day was out.
Unfortunately for him, Facebook shares declined 7% since November of this year. Here’s hoping he’ll still make it onto the list.
Larry Page and Sergey Brin
Co-founders of Google and partners in business, these two announced in August of 2015 that they were creating a new company called Alphabet, under whose umbrella Google would be only one company. CEO and president, respectively, they were worth $3.3 billion and $3.2 billion when last year ended.
Larry is a philanthropist, using his stakes in the TESLA Motors company and Google’s philanthropic arm to fund the development of electric cars and other alternative energy investments.
Sergey was reported in October of this year to have reached a net worth of $39.2 billion. I wonder if Larry can match that.
To round this technological turnout out, we turn to Donald Bren, who was the richest non-tech billionaire to come out of 2015 intact. Bren made his fortune from real estate investment; he is the chairman and sole owner of the Irvine Company, a significant real estate investment company in the U.S. as far as it is known
With an estimated net worth of $15.2 billion coming out of 2015, it seems unthinkable that he could slip from his lofty perch. However, with such high stakes in such a volatile market as the housing market, it makes a 180 and becomes inevitable.
So far, he’s been reported as having dropped down only $0.01 billion to $15.1 billion, but that was back in February in this year. Who knows if this mogul is still up there on the list?
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There you have it, folks, and the richest entrepreneurs of 2015. Will they still be able to call themselves the richest once the data comes back for 2016? Only time w