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Led by gains in tech stocks, they are worth a combined $815 billion —more than ever before.
If 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.
This year, the Golden State is home to 100 members of The Forbes 400 — one more than on last year’s list. Collectively, these Californians are worth $815.5 billion, an all-time high, up 18% from last year.
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 (net worth:$85 billion) and philanthropist and investor Laurene Powell Jobs (net worth:$16 billion).
Silicon Valley welcomed two new Forbes 400 members this year: Eric Yuan of Zoom, whose video conferencing company experienced a torrent of new users amid the pandemic, and Ken Xie of Fortinet, a cybersecurity firm that has been listed since 2009 but whose shares shot up 67.3% in …
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