100 of this year’s Forbes400 live in California
f you were to guess that the U.S. state with the biggest population and the largest economic output would have by far the most members of The Forbes 400 list of richest Americans, you would be right. Again. This year, pandemic be damned, that cohort in California is richer than ever.
Technology continues to fuel unrivaled wealth creation, with 44 in the state building their fortunes from consumer apps, hardware, cybersecurity and venture capital — more than any other sector. The six wealthiest Californians all have fortunes tied to tech, including Facebook’s Mark Zuckerberg and philanthropist and investor Laurene Powell Jobs .
Another newcomer fromCalifornia: Alice Schwartz, who at 94, is the oldest of the 18 new to the list.. She cofounded Bio-Rad Laboratories with her husband David in 1952; it sells life science research and clinical diagnostic products Because its products have been used for Covid-19 diagnostic screening, vaccine development and more, its stock doubled in value in the last year. Schwartz remains on the board with an 11% stake of the $2.3 billion company; her son, Norman, is the CEO.
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