Here are the 12 richest people in Arizona in 2023, according to Forbes

May 26, 2023, 4:25 AM | Updated: May 29, 2023, 1:00 pm

No. 1: Mat Ishbia: The new owner of the Phoenix Suns and Mercury is the richest person with Arizona ties, worth $5.4 billion. He's the 486th-richest person in the world. (AP Photo) No. 2: Mark Shoen: The former vice president of U-Haul started by his parents saw his net worth jump from $4.7 billion to $4.9 billion. Shoen also owns a private self-storage company and is No. 552 overall. (Instagram Photo) No. 3: Joe Shoen: U-Haul boss Joe Shoen made his cellphone number public several years ago so customers could call him. He's worth $4.2 billion and No. 659 on the overall list. (Screenshot/U-Haul) No. 4: Arte Moreno: The Valley resident, a former richest person in Arizona, has a net worth of $4.1 billion. The Tucson-born businessman owns Major League Baseball's Los Angeles Angels but made his first fortune in outdoor advertising. He is No. 679 overall on the list. (AP Photo) No. 5: Bob Parsons: The businessman/philanthropist is listed with $3.4 billion. Overall, the founder of internet domain giant GoDaddy is No. 852, according to Forbes. (Twitter Photo) No. 6: Bennett Dorrance:  A member of the Campbell Soup empire, Dorrance also makes money in real estate. He founded Phoenix-based development company DMB Associates in 1984. Dorrance's net worth is $3.3 billion. He is No. 878 overall. (DMB Photo) No. 7: Ernest Garcia II: The DriveTime Automotive founder and Carvana shareholder's net worth dipped from $15.9 billion in 2021 to $8.6 billion in 2022 to $3 billion in 2023, meaning he is no longer the richest Arizonan. Garcia was No. 982 overall. (Getty Images Photo) No. 8: Stewart Horejsi:  The Berkshire Hathaway investor had an estimated net worth of $2.6 billion, good for No. 1,164. (Screenshot)  No. 9 Peter Sperling:  The son of late University of Phoenix founder John Sperling is listed with $1.6 billion. The ex-chairman of Apollo Education is ranked No. 1,804 overall. (KTAR News Photo/Jim Cross) No. 10: Jerry Moyes:  The man who built Knight-Swift Transportation is worth $1.5 billion. Overall, he's No. 1,905. (Screenshot/Swift Transportation) No. 11: Jahm Najafi: Najafi (center), a Suns minority owner, debuts on the list at No. 2,133 and has a valuation of $1.3 billion. (Getty Images Photo) No. 12: Ken Kendrick: Kendrick is the managing general partner and largest shareholder for the Arizona Diamondbacks. He is worth $1 billion and is 2,540 on the list. (KTAR News Photo)

PHOENIX — Arizona once again had double-digit representatives in Forbes’ annual list of world billionaires and this time, a new richest person.

Mat Ishbia, the new owner of the Phoenix Suns and Mercury, topped the list for the Grand Canyon State with a net worth of $5.4 billion.

In total, Arizona had 12 individuals make the list of 2,640 billionaires.

Their combined net worth was $36.3 billion, the same total as the previous year.

France’s Bernard Arnault and family, which oversees the LVMH empire of 75 fashion and cosmetics brands such as Louis Vuitton and Sephora, jumped into the top spot with a fortune of $211 billion.

The Arnault family dethroned Tesla’s Elon Musk, who had held the title of world’s richest person last year.

The nearly 2,700 billionaires combined were worth $12.2 trillion, $500 billion less than in 2022.

Click through the slideshow above to see the list of Arizona billionaires for 2023.

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Here are the 12 richest people in Arizona in 2023, according to Forbes