California Business Minute™

Hi, I am Tim Johnson and welcome to the California Business Minute.

Forbes released their annual ranking of the “richest people in America’ for 2010.

The list has been published for nearly 30 years and of interest this year is that
the youngest and oldest billionaires in the nation are from California. Mark Zuckerberg
#35 and Dustin Muskovitz, #290 both of Facebook are both 26 years of age while Kirk
Kerkorian#119 and John Anderson #153 are both 93.

Out of the list of 400, over 20 percent are from California the largest number from
any state.  California is followed by New York, Texas, Florida and Illinois. Larry Ellison of
Oracle is the 3rd wealthiest in the nation and richest in California.

The following identifies the ‘Top Ten Wealthiest Californians’  illustrating their
national rank, net worth, age, residence and source of wealth.

Rank  Name               Net Worth       Age       Residence      Source of Income
#3   Larry Ellison             $27B              66           Woodside             Oracle
#11 Larry Page               $15B              37            Palo Alto              Google
#11 Sergey Brin              $15B              37        San Francisco          Google
#21 Donald Bier              $12B              78        Newport Beach       Real Estate
#35 Mark Zuckerberg       $6.9B             26            Palo Alto             Facebook
#42 Steve Jobs               $6.1B             55             Palo Alto              Apple 
#44 Eli Broad                  $5.8B             77           Los Angeles         Investments
#46 Patrick Soon-Shiong $5.6B             58          Los Angeles       Generic Drugs
#48 Eric Schmidt           $5.45B            55              Atherton              Google
#54 David Geffen            $5.1B              67               Malibu           Movies, Music 

I am Tim Johnson and this has been the California Business Minute.