Five Arizona residents make Forbes 400 list
In its new list of the 400 wealthiest Americans, Forbes announced five people come from Arizona.
No. 92 Bruce Halle, No. 250 Bennett Dorrance, No. 311 Bob Parsons, No. 388 Peter Sperling and No. 392 Arturo Moreno all made the list.
Halle, 82, who has a net worth of $4 billion is from Paradise Valley. He opened his first tire store over 50 years ago. Halle's Discount Tire is now the world's largest independent tire and wheel retailer, according to Forbes.
Dorrance, 66, also a Paradise Valley resident is the grandson of Campbell Soup founder John T. Dorrance. He and his fellow billionaire sister Mary Alice Dorrance Malone sit on the board of Campbell Soup. His net worth is at $1.9 billion.
Parsons, 61, a Scottsdale resident, has a net worth of $1.5 billion. He is the founder of the web hosting company Go Daddy. Parsons sold the majority of the company in 2011, but is still the largest shareholder and executive chairman of the company.
Sperling, 52, is the youngest of the Arizona residents who made the list. The Phoenix resident has a net worth of $1.15 billion from joining Apollo Group, which his father started. Sperling has cashed out over the years by selling some of his shares of Apollo, which has 400,000 students taking classes.
The last Arizonan to make the list, Moreno, 66 is also from Phoenix and has a net worth of $1.1 billion. He is the owner of the Los Angeles Angels of Anaheim baseball team.
Forbes reported that the 400 richest Americans have a combined net worth of $1.7 trillion. Bill Gates sits at the No. 1 spot, with a net worth of $66 billion.