Who are wealthiest people in Arizona? They're all older men, age 66 and up, Forbes says
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Seven Arizonans have placed among the 400 richest Americans in a new ranking by Forbes, with a little statewide reshuffling compared with a prior evaluation of global billionaires that the publication conducted earlier this year.
Ernest Garcia II, founder and majority owner of used-car dealer Carvana and other businesses, is again the wealthiest Arizonan with an updated net worth of $6.9 billion.
He tops the list of seven Arizonans in the ranking of the 400 wealthiest Americans. Carvana’s stock price has surged from roughly $9 a share in April to about $38 a share now, though that’s still well below the peak above $300 a share.
Garcia was followed by Arturo Moreno, a billboard entrepreneur and owner of the Los Angeles Angels, at $4.8 billion, and then brothers Mark Shoen and E. Joe Shoen, large owners of U-Haul International, at $4.6 billion and $4 billion, respectively.
GoDaddy founder Bob Parsons was next at $3.6 billion, followed by Campell Soup heir/real estate developer Bennett Dorrance at $3.1 billion and then Stewart Horejsi and his family, whose $3 billion net worth is based largely on investments in Berkshire Hathaway.
Elon Musk finished at the top of the latest Americans-only list with an estimated net worth of $251 billion. The founder of Tesla, SpaceX and other businesses handily beat out runner-up Jeff Bezos of Amazon.com at $161 billion, Oracle’s Larry Ellison in third place at $158 billion, Berkshire Hathaway Chairman Warren Buffett in fourth place at $121 billion and Larry Page of Google in fifth at $114 billion.
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7 Arizonans among wealthiest Americans
Here are the seven Arizonans on the Forbes 400 list, including their net worth, age, key business interests and overall ranking:
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Ernest Garcia II, $6.9 billion, 66, Carvana and Drive-Time Automotive, No. 147
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Arturo Moreno, $4.8 billion, 77, billboards and Los Angeles Angels, No. 238
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Mark Shoen, $4.6 billion, 72, U-Haul International, No. 249
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E. Joe Shoen, $4 billion, 73, U-Haul International, No. 285
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Bob Parsons, $3.6 billion, 72, GoDaddy founder, No. 314
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Bennett Dorrance, $3.1 billion, 77, Campbell Soup and real estate development, No. 366
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Stewart Horejsi and family, $3 billion, 86, Berkshire Hathaway investments, No. 379
In the latest ranking of 400 wealthiest Americans, Forbes included a philanthropy score, assessing how well the billionaires have supported charities over their lifetimes. None of the Arizonans on the list received superior grades of 4 or 5. Parsons got a 3, while Moreno, Dorrance and Horejsi each received a 2. Forbes gave Garcia the lowest philanthropy score, a 1. The Shoen brothers were not evaluated.