Top 6 Richest People in Arizona 2019

Top 6 Richest People in Arizona 2019. Six billionaires of Arizona made it to the elite club of Forbes. Here are the richest Arizonians in the Forbes list of the richest 400 Americans released in October 2018.

  1. Ernest Garcia
  2. Mark Shoen
  3. Arturo Moreno
  4. Joe Shoen
  5. Bennett Dorrance
  6. Bob Parsons

You  may also like:

1. Ernest Garcia, II.

  • Net Worth: $3.7B
  • Age: 61
  • Source: used cars
  • Residence: Tempe, Arizona

 

Ernest Garcia is the largest shareholder of Carvana, an online platform for selling cars and making automobile loans which ran an IPO in 2017. Garcia also runs and owns DriveTime Automotive, the country’s fourth-biggest used vehicle retailer. Carvana was set by Garcia’s son, Ernest Garcia, III, as a subsidiary of DriveTime Automotive and was later summoned out. Carvana has been among the country’s top-performing stocks in 2018.

2. Mark Shoen

  •  NET WORTH Net Worth: $3.1B
  • Age: 67
  • Source: U-Haul
  • Residence: Phoenix, Arizona

 

Mark Shoen possesses approximately one-fifth of U-Haul parent firm Amerco via a limited partnership named Willow Grove. He is also the proprietor of one of the biggest private self-storage operations at the U.S., which does business with U-Haul. Mark sided with his brother Joe at a horrible family feud where Joe wrested control of U-Haul from their dad. He keeps a very low profile but apparently stays on good terms with his brother Joe, who runs the U-Haul company.

3. Arturo Moreno

  • Net Worth: $3B
  • Age: 72
  • Source: billboards, Anaheim Angels, Self Made
  • Residence: Phoenix, Arizona

Arturo Moreno is the owner of the Los Angeles Angels baseball team, which he purchased in 2003 for $184 million. It’s currently worth $1.8 billion. Moreno’s first fortune came out of billboard advertising firm Outdoor Systems, which he offered to Infinity Broadcasting for $8.7 billion in 1999. He’s staked in additional billboard marketing businesses, although the majority of his fortune is presently in the Angels. The oldest of 11 children, Moreno was drafted in the Vietnam War. He owes tens of thousands of dollars yearly into the Moreno Family Foundation, which supports underprivileged youth and education nonprofits.

4. E. Joe Shoen

  • Net Worth: $2.5B
  • Age: 68
  • Source: U-Haul
  • Residence: Phoenix, Arizona

Joe Shoen is the president and chairman of U-Haul’s $3.6 billion (revenue ) parent firm Amerco, where he’s a 21% stake. His parents L.S. and Anna Mary Shoen cofounded the truck and trailer leasing firm back in 1945. Asserted that his dad was wrecking the business, Joe headed a coup in 1986, forcing his father retired and alienating the majority of his 12 siblings. Regardless of his troubles working together with his own daddy, Joe’s sons Stuart and Sam are both executives in Amerco. Shoen is popularly famous for his frugality, insisting employees remain in cheap motels, two to one room.

5. Bennett Dorrance

  • Net Worth: $2.5B
  • Age: 72
  • Source: Campbell Soup
  • Residence: Paradise Valley, Arizona

Grandson of John T. Dorrance, the inventor of This famous canned soup Formulation, Bennett Dorrance Possesses a 15% stake in Campbell Soup Co. Dorrance is a founding partner of DMB Associates, a real estate development company with projects in Arizona, Utah, California, and Hawaii. Since the president of this Dorrance Family Foundation, he’s awarded over $33 million to cover college for first-generation school students in Arizona. A certified pilot, Dorrance possesses a personal hangar in Scottsdale, Arizona that also houses his classic car collection.

6. Bob Parsons

  • Net Worth: $2.5B
  • Age: 67
  • Source: web hosting, Self Made
  • Residence: Scottsdale, Arizona

Colorful founder of GoDaddy, Bob Parsons Offered off his remaining stake in the Internet hosting Company and Proceeds to reinvest the proceeds. Parsons initially sold a vast majority stake of GoDaddy from 2011 to private equity investors KKR, Silver Lake and TCV. The company went public in 2015. Parsons resigned as executive chairman at 2014; he owns shopping malls, bike dealerships, an ad agency, and a golf club. Bob and his wife have given more than $160 million to charities since 2012. He credits his time as a marine in Vietnam, where he also received a Purple Heart medal and combat action ribbon, as preparing him for the company.

You may also like:

Top 18 Most Expensive Celebrity Mansions in America

Most Expensive Things Owned by Dan Bilzerian

10 Most Expensive Things Owned By Bill Gates

Top 10 Most Expensive Things Owned by Jeff Bezos

How Much Money is Tfue Making Monthly & Yearly

Leave a Comment

Your email address will not be published.