Personal Finance

This Is The Richest Person In CA, New Analysis Says

With a net worth of $104.3 billion, this tech titan tops the list of California's richest people.

Google co-founder Larry Page speaks at the Fortune Global Forum in San Francisco.
Google co-founder Larry Page speaks at the Fortune Global Forum in San Francisco. (AP Photo/Jeff Chiu, File)

CALIFORNIA— Google co-founder Larry Page has bragging rights as the richest person in the Golden State, which has the most billionaires in the country, according to a recent ranking from Forbes.

Page, a tech industry titan with an estimated net worth of $104.3 billion lives in Palo Alto. Google's second co-founder Sergey Brin was not far behind Page, with a net worth of $99 billion, landing him in the number three spot of California's wealthiest people right behind Facebook founder Mark Zuckerberg.

Nearly all states have at least one billionaire, according to The Richest Person In Every State list put together by Forbes. The only ones that don’t are Alaska, Delaware and West Virginia.

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Nearly a third of the billionaires topped their state's list for the first time, according to Forbes.

The competition to make the list is the fiercest in four states, where more than 60 percent of the 775 billionaires who live in the United States reside. California has bar far the most rich people with 179 billionaires, followed by New York with 130, Florida with 92, and Texas with 73.

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Because of ties, 54 people made the list. Their average age is 73. At 36, Walmart heir Lukas Walton, of Illinois, is the youngest, and 93-year-old Maryland-based Annette Lerner, the widow of Washington Nationals owner Ted Lerner, bookends the list as the oldest.

About two-thirds of these billionaires, as well as centimillionaires (people whose net worth is more than $100 million) are self-made, and the rest inherited their fortunes, according to Forbes. More than half made their money in four industries: finance and investments, fashion and retail, food and beverage, and technology.

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