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BUSINESS INDUSTRY NEWS
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9 O.C. businessman make Forbes 400 list

Topping the local list is Donald Bren, chairman of the Irvine Company.

By Karly BarkerPublished: September 27, 2011 10:11 AM

Nine businessmen from Orange County are ranked among the Richest People in America on the 2011 Forbes 400 list. For the 18th consecutive year, Bill Gates topped the list of America’s billionaires. Despite the volatile economy, Forbes reports America’s richest continue to get richer. The wealth of those on the Forbes 400 list is up nearly 12 percent over last year.

Topping the list of local billionaires is Donald Bren, chairman of the Irvine Company. Forbes says Orange County’s largest landlord has a net worth of $12 billion. Bren fell from number No. 21 in 2009 and 2010 to No. 26 in 2011.

Also on this years list is James Jannard, founder of Oakley sunglasses, which is based in Foothill Ranch. Jannard came in at No. 117 with a net worth of $3 billion.


Tied for No. 130 are the co-founders of Fountain Valley-based Kingston Technology, David Sun and John Tu. Both men have a reported net worth of $2.8 billion and jumped up to the 130 spot from No. 136 in 2010.

Newport Beach-based Olen Properties founder and CEO, Igor Olenicoff came in at No. 150 on this years list. Olenicoff, who now resides in Florida, has an estimated net worth of $2.6 billion.

Coming in at No. 188 is investment management expert Bill Gross. Gross is the co-founder of the Newport Beach-based investment management firm PIMCO and has an estimated net worth of $2.2 billion.

Also from Newport Beach is George Argyros, a local real estate investor who was ranked No. 260 on the Forbes list. Argyros has an estimated net worth of $1.75 billion and fell from No. 252 in 2010.

Irvine-based Broadcom co-founder and owner of the Anaheim Ducks, Henry Samueli came in at No. 263. Forbes estimated Samueli’s net worth at $1.7 billion.

Samueli’s co-founder Henry Nicholas was also on this years list.  Nicholas was ranked No. 331 and has a net worth of $1.3 billion.

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Readers Feedback:

Nice to see some people doing so well. I guess if these guys had to pay 4% more on their taxes every year it would really put a dent in their life styles. But by not having to do this they will hire more people to work for them? Aparently many repubs believes this. No onder we are in such a decline as a nation. The facts just do not bear this out. What Bill Clinton did, raise taxes on the wealthy and then created jobs. If we do not start finding some tax income along with spending less we will be doomed!! The congress better start working together and with the president to solve our issues!
Comment at 9/27/2011
I hop to get on this list by 2020. With 10,000acres in So Cal
Comment at 9/29/2011