Los Angeles, CA

3 of the richest people of Los Angeles in 2021

Saurabh

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Los Angeles is one of the wealthiest cities in the world, with the world's third-highest GDP among cities as per World Bank. It provides a glamorous lifestyle due to the presence of Hollywood and usually offers a great lifestyle if you can afford it, and as a result, it draws a large number of rich individuals who want to live and spend their money in the city. The city is packed with wealthy individuals, many of whom are billionaires; this article will focus on three of those individuals who have topped the charts because of their net worth in 2021.

Patrick Soon-Shiong

As per his biography, Patrick Soon-Shiong, who was born on July 29, 1952, is a South African-American billionaire living in Los Angeles. After the Japanese invasion of the Chinese mainland during World War II, Patrick's mother and father fled to South Africa. One thing led to another, and they settled in a troubled neighborhood in South Africa. His parents opened a general store to survive in a distant country.

At present, Patrick is a transplant surgeon by occupation, a business magnate, bioscientist, and media mogul. He created the medicine Abraxane, which became well-known for its effectiveness against lung, breast, and pancreatic cancer. Soon-Shiong is the creator of NantWorks, a network of entrepreneurs in healthcare, biotechnology, and artificial intelligence.

Patrick has been the number two billionaire in Los Angeles for the last two years as the number 1 spot was held by Elon Musk, but after Musk left for Texas he has risen to the top spot despite losing money compared to last year. According to the Los Angeles Business Journal, he was valued at $21.8 billion in 2020, but that figure has dropped 6 percent to $20.4 billion in 2021.

Sean Parker

As per his biography, Sean Parker was born in Herndon, Virginia on December 3, 1979. His upbringing was molded by academic challenges and asthma attacks that were sometimes so severe that he had to go to the hospital. He was an avid reader, and when he was seven years old, his father, a United States government oceanographer, began teaching him computer programming on an Atari 800.

At present, Parker is the founder and chairman of the Parker Foundation, a non-profit organization dedicated to life sciences, global public health, and civic participation. He was the first president of Facebook and is most famously known for co-founding the file-sharing app Napster. He has also founded a number of other businesses, including Plaxo, Causes, Airtime.com, and Brigade, an online civic engagement platform.

According to Pitchbook, he got his $9.9 billion after selling his ownership in Spotify in 2018. In 2019, he also joined the board of the well-known New Zealand-based visual effects company Weta Digital. According to the Los Angeles Business Journal, Parker is now worth $16.9 billion, up 16% from $14.5 billion last year.

David Geffen

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David Geffen Hall, Lincoln CenterBy Thomas J. Bickerton on Wikimedia Commons

As per his biography, David Lawrence Geffen, who was born on February 21, 1943, to Jewish parents, is widely regarded as the wealthiest person in the film industry. He is a business entrepreneur, producer, and film studio executive from the United States. In 1971, Geffen co-founded Asylum Records with Elliot Roberts, followed by Geffen Records in 1980, DGC Records in 1990, and DreamWorks SKG with Steven Spielberg in 1994.

The majority of David's wealth stems from his holdings in Apple Inc. and other investments he made after he exited the music business by selling Geffen Records in 1990. He co-founded DreamWorks with Steven Spielberg and Jeffrey Katzenberg four years later. They sold the animation firm to Paramount for $1.6 billion around ten years later as per Los Angeles Business Journal.

According to the Los Angeles Business Journal, David's net worth was $11.8 billion in 2020, however, it has risen by 20% to $14.2 billion in 2021.

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Saurabh is a Computer Science & Engineering undergraduate student pursuing his writing interests. He enjoys researching current events/news as well as Evergreen Topics and has also been writing on Medium, Quora and Vocal.

Los Angeles County, CA
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