3. Stewart & Lynda Resnick
Net Worth: $10.6 B LAST YEAR: 7.4 CHANGE: 43% AGE: Stewart, 86; Lynda, 80 RESIDENCE: Beverly Hills SOURCE OF WEALTH: Agriculture THE MONEY: Pomegranates pay the bills for Stewart and Lynda Resnick....
View Article2. John Tu
Net Worth: $12.0 B LAST YEAR: 6 CHANGE: 100% AGE: 82 RESIDENCE: Rolling Hills SOURCE OF WEALTH: Technology THE MONEY: Tu owns a 50% stake in Kingston Technology Corp., a Fountain Valley-based...
View Article1. Patrick Soon-Shiong
Net Worth: $19.8 B LAST YEAR: $19.1 B CHANGE: 3.7% AGE: 71 RESIDENCE: Brentwood SOURCE OF WEALTH: Health care, investments, media THE MONEY: Wealthiest Angeleno Soon-Shiong’s portfolio recovered some...
View ArticleDon Hankey: Numbers Man
Upon entering the Hankey Group’s offices, you quickly realize glasses that filter blue light are essential. Six large screens greet visitors in the Hankey Group lobby, each updating in real time auto...
View ArticleBanks See a Soft Landing
In last year’s Money Issue, financial leaders hinted at pausing expansion plans and building collateral to brace for a hard recession caused by rising inflation and steep interest rate hikes. A year...
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M&A Hesitation: Banker Fears ‘Rose-Colored Glasses’ Syndrome
Opportunities for mergers and acquisitions in Los Angeles have seldom been more ripe, but many may end up spoiling on the vine while dealmakers hold out for a better alternative. There was a...
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Loans Help Owners Survive, Thrive and Expand
It’s been about 20 years since Los Angeles native Yolanda Duckett first opened Duckett Kidz Care Inc. Since then, she and a small group of employees have operated the business in her South Los Angeles...
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Constant Change: Technology, Psychology Take Center Stage
Wealth managers in Los Angeles have seen some drastic changes in the industry during the past decade. From the constant stream of information to upgrades in technology, wealth advisors find they must...
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Seeing Stars: Bullish on Celebrities, Athletics
Celebrities and sports brands are more eager than ever to lend their legitimacy and likeness to new ventures, and private equity firms are more than happy to oblige. One of the most high-profile...
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Deal Doldrums: An Era of Inflated Valuations is Over
In speaking with venture capital leaders in the Los Angeles scene, many described the past several years of investing as “irrational exuberance,” a period marked by eye-watering company valuations and...
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