The Forbes 400: 8 Arizona Billionaires Made The Cut

ARIZONA — America’s billionaires are richer than they’ve ever been, Forbes said with Tuesday’s release of The Forbes 400, its annual list of the 400 richest U.S. billionaires. Eight people from Arizona made the cut. Four of the eight are related to one another.

With his whopping $18.8 billion, the richest man in Arizona to make the Forbes list could build what is planned to be the tallest building in the city, the Astra Phoenix, 41 times and still have money leftover.

In Arizona, The Forbes 400 billionaires are:

Ernest Garcia, II

• Net worth: $18.8 billion
• Garcia is the biggest shareholder in Carvana, a company that sells used cars and makes auto loans online.

Ernest Garcia, III

• Net worth: $9.3 billion
• Garcia is the founder and CEO of Carvana.

Mark Shoen

• Net worth: $5 billion
• Shoen owns about one-fifth Amerco, the parent company of U-Haul.

Joe Shoen

• Net worth: $4.4 billion
• Shoen is the president and chairman of Amerco, U-Haul's parent company. He has a 21 percent stake in the business.

George Kurtz

• Net worth: $4 billion
• Kurtz is cofounder and CEO a cloud-based cybersecurity company called CrowdStrike.

Arturo Moreno

• Net worth: $3.6 billion
• Moreno is the owner of the Los Angeles Angels baseball team, which is worth $2 billion alone.

Bob Parsons

• Net worth: $3.4 billion
• Parsons is the founder of GoDaddy, a website hosting firm. He sold his stake and stepped down from the board in 2018.

Bennett Dorrance

• Net worth: $2.9 billion
• Dorrance owns a 15 percent stake in Campbell Soup. He is the grandson John T. Dorrance, the man who invented condensed soup.

Jeff Bezos, the founder of the e-commerce giant Amazon, again topped The Forbes 400 list. His net worth was $189.8 billion, according to Forbes’ real-time wealth tracker. Bezos has topped the list for four consecutive years.

Rounding out the top five and the size of their fortunes at the end of trading Monday are Tesla founder Elon Musk ($190.5 billion), Facebook founder Mark Zuckerberg ($134.5 billion), Microsoft founder Bill Gates ($134 billion) and Google executive Larry Page ($123 billion).

Forbes said that though the pandemic made 2020 a terrible year for many, the wealthiest Americans continued to enjoy good economic times. Collectively, the personal fortunes of the 400 richest billionaires increased 40 percent over the past year to $4.5 trillion, up from $3.2 trillion the year prior.

Nearly all are richer than they were a year ago, Forbes said, and the top 20 are worth $1.8 trillion.

Forbes calculated the net worth of those on the list using stock prices at Wall Street’s closing bell on Sept. 3, which was close to a record high close for U.S. stock indices such as the S&P 500.

Among the 44 people who fell off the list was former President Donald Trump, who had been among the 400 richest Americans for 25 years. He continues to be a billionaire. He is as wealthy as he was a year ago, when he ranked 339, but he’s lost $600 million since the start of the pandemic, Forbes noted. Big-city properties, which make up the bulk of the real estate mogul’s holdings, have languished during the pandemic

Newcomers to The Forbes 400 include cryptocurrency entrepreneur Sam Bankman-Fried, who at 29 is the youngest person on the list. He’s worth $22.5 billion, ranks 32nd and is among seven cryptocurrency entrepreneurs on the list.

There are 56 women on the list, the same number as a year ago. Oprah Winfrey and Gap cofounder Doris Fisher fell off the list, but new to the list are Melinda French Gates, following her divorce from Bill Gates; and Miriam Adelson, heir to her late husband Sheldon Adelson’s stake in the Las Vegas Sands casino empire.

Alice Walton remains the richest woman in America for the seventh year. The Walmart heir is worth $67.9 billion.

In all, 282 people on the list are self-made billionaires.