ARIZONA NEWS

Here are Arizona’s richest businessmen, Forbes says

Apr 12, 2020, 6:39 AM
(Photo by Mark Wilson/Getty Images)...
(Photo by Mark Wilson/Getty Images)
(Photo by Mark Wilson/Getty Images)

PHOENIX — There are now 10 billionaires living in the state of Arizona, according to Forbes’ recently released list of the world’s extremely wealthy.

That metric is up one from the nine Arizona billionaires that made the cut in 2019.

This year’s edition of Forbes’ annual list saw Los Angeles Angels owner Arturo Moreno as Arizona’s richest man with a value of $3.3 billion.

Retired U-Haul vice president Mark Shoen and DriveTime magnate Ernest Garcia II shared the Grand Canyon State’s crown in 2019 at $3.2 billion apiece.

But this time around, Shoen finished at the No. 3 spot ($2.9 billion), while Garcia came in at the No. 5 ($2.4 billion).

The total number of billionaires around the globe dipped from 2,153 to 2,095 over the last year, lowering the overall net worth from $8.7 trillion to $8 trillion, according to Forbes.

Globally, four of the top five were Americans.

Amazon CEO Jeff Bezos took the cake globally with a net worth of $124.7 billion, with Microsoft founder Bill Gates coming in second at $104.1 billion.

Investor Warren Buffett ($76.3 billion) and Oracle co-founder Larry Ellison ($66.2 billion) rounded out the top five at the number four and five spots, respectively.

Arizona’s big moneymakers didn’t appear on the list until nearly the 600 spot.

Others on the list included Bennett Dorrance, the Campbell Soup heir and DMB Associates co-founder, and GoDaddy founder Bob Parsons, whose company is headquartered in Scottsdale.

Take a look at the whole Forbes’ Arizona list in the slideshow:

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Here are Arizona’s richest businessmen, Forbes says