ARIZONA NEWS

Here are the 13 richest people in Arizona in 2024, according to Forbes

Apr 8, 2024, 4:35 AM | Updated: 7:00 am

PHOENIX — It was another strong showing for those with Arizona ties on the Forbes’ 2024 billionaire list, with the state’s richest person nearly doubling his net worth since last year.

Mat Ishbia, the owner of the Phoenix Suns and Mercury, topped the list for the Grand Canyon State with a net worth of $9.9 billion. His net worth in the 2023 list was $5.4 billion.

In total, Arizona had 13 individuals make the list of 2,781 billionaires, which is the most in a year ever.

Their combined net worth was $51.3 billion, up $15 billion 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, remained in the top spot with a fortune of $233 billion.

The Arnault family dethroned Tesla’s Elon Musk, who had held the title of world’s richest person in 2022.

The nearly 2,800 billionaires combined were worth $14.2 trillion, $2 trillion more than in 2023.

Click through the slideshow above to see the list of Arizona billionaires for 2024.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

19-year-old motorcyclist dies in glendale...

KTAR.com

19-year-old dies in motorcycle crash in Glendale

A 19-year-old motorcyclist died in a traffic collision near Glendale Avenue and 99th Street on Saturday morning, authorities said.

1 hour ago

A file photo of a water fountain. Three chilled water fountains are coming to the hiking trails a...

KTAR.com

County leaders invest in chilled water fountains at McDowell Mountain Regional Park

Three chilled water fountains will be installed surrounding the hiking trails at McDowell Mountain Regional Park.

2 hours ago

The Italiano, located near 90th Street and Shea Boulevard, will open its doors this summer. It wi...

KTAR.com

The Italiano restaurant to open this summer in Scottsdale

Another new Italian restaurant from award-winning Chef Joey Maggiore is arriving in Scottsdale. The Italiano will open its doors this summer.

3 hours ago

Tempe-based Nectero Medical raised $96 million in a series D round to accelerate clinical trials. (...

Amy Edelen/Phoenix Business Journal

Tempe biotech firm Nectero lands $96M VC investment to support clinical trials

A Tempe-based biotech company has landed one of the largest venture capital deals – if not the biggest – so far this year in Arizona.

4 hours ago

Arizona Gov. Katie Hobbs...

KTAR.com

Governor Hobbs to appear at Memorial Day ceremony for military service members, veterans

Arizona Gov. Katie Hobbs will appear at a special Memorial Day ceremony to honor military service members, veterans and their families.

13 hours ago

memorial-day-box-office...

Associated Press

Movie theaters see slowest Memorial Day box office in decades

The box office is cruising for a two-decade low. “Furiosa,” claimed the first place spot for Friday-Saturday-Sunday with $25.6 million.

18 hours ago

Sponsored Articles

...

Condor Airlines

Condor Airlines can get you smoothly from Phoenix to Frankfurt on new A330-900neo airplane

Adventure Awaits! And there's no better way to experience the vacation of your dreams than traveling with Condor Airlines.

...

COLLINS COMFORT MASTERS

Here are 5 things Arizona residents need to know about their HVAC system

It's warming back up in the Valley, which means it's time to think about your air conditioning system's preparedness for summer.

...

DISC Desert Institute for Spine Care

Sciatica pain is treatable but surgery may be required

Sciatica pain is one of the most common ailments a person can face, and if not taken seriously, it could become one of the most harmful.

Here are the 13 richest people in Arizona in 2024, according to Forbes