The golden city of the U.S possesses the highest number of Billionaires that if it were a country it would position third in terms of the number of billionaires. The Golden State succeeded to get eight more billionaires this year as compared to last year, including Yuan. After the technology industry, the next most profitable industries are finance and investments which made 20%, and real estate made 7%.
Below is the list of top 10 billionaires in California
1. Mark Zuckerberg
- Net Worth: $101.6 Billion
- Source of Wealth: Facebook
Mark Zuckerberg is an entrepreneur of American technology and also a philanthropist who has a net worth of $101.6 billion. During this time of writing, that makes Mark the third wealthiest person on the planet.
A large portion of Mark’s wealth is attributable to his shares in Facebook. Mark currently holds about 400 million total 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 businessman, inventor, and investor who owns a net worth of $90.8 billion. He is best known for holding the position of the CEO and CTO of SpaceX, CEO and chief product architect of Tesla Motors, and chairman of SolarCity.
During this time of writing, Elon Musk holds approximately 20% of Tesla’s leading shares and 48% of the privately-held SpaceX.
3. Larry Page
- Net Worth: $78 Billion
- Source of Wealth: Google
Larry Page is an American billionaire businessman who holds a net worth of $78 billion. Larry Page is most famous for being the co-founder and former CEO of the web giant Alphabet which holds many subsidiary companies, including the search engine Google. Larry Page 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 who holds a net worth of $75.8 billion. Sergey made his net worth as the co-founder of Google, which today is recognized by umbrella parent company Alphabet. He co-founded the company with Larry Page who was the 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 who owns a net worth of $75.2 billion. Larry Ellison made his tremendous wealth as the founder of the software giant Oracle. He also held the position of CEO until September 2014.
In March, Ellison joined a team of Oracle engineers to build a real-time coronavirus medication tracking website for the White House, in collaboration with the Food and Drug Administration and other U.S. companies.
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6. Laurence Powell Jobs
- Net Worth: $20.3 Billion
- Source of Wealth: Apple, Disney
Laurene Powell Jobs is an American billionaire who owns a net worth of $20.3 billion. Laurene Powell Jobs is apparently best recognized for being the widow of Apple founder Steve Jobs. But the truth is, most of her net worth does not come from the large stake in Apple she received from Steve. Most 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 got 130 million shares of Disney. Today, Laurene owns 130,181,925 shares of Disney that are worth more than $13.15 billion. The other roughly $6 billion is mostly Apple stock but also at least $500 million in worth.
7. Eric Schmidt
- Net Worth: $16.8 Billion
- Source of Wealth: Google
Eric Schmidt is an American businessman and philanthropist who owns a net worth of $17 billion. Eric Schmidt is most well-known for serving as the position of the former CEO of Google. Today he holds 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 who has a net worth of $15.3 billion. Donald Bren is the chairman of the Irvine Group and is listed as the richest real estate developer in the US. He is also recognized for his charitable activities and grants more than $1 billion to different charities and foundations.
9. Jan Koum
- Net Worth: $10.1 Billion
- Source of Wealth: WhatsApp
Jan Koum was a former CEO of WhatsApp who 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 stayed under the limelight, making news mostly for his comprehensive 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
Before Gordon Moore became a philanthropist with the Gordon and Betty Moore Foundation, he co-founded semiconductor firm Intel in 1968 and before that, was one of the founders of Fairchild Semiconductor which is often defined as the incubator of Silicon Valley. He came up with Moore’s Law, a foresight that computer processing power would multiply every year.
These above top richest people in California are no less than a motivation for many of us who want to make their name in the world of economy.