Archive: Wealth

Broad chooses the New York Times for announcement that he wants to spend more time with his family and "catch up on my reading."

He becomes the second largest shareholder, vice chairman of the board, and Michael Ferro's defense against a takeover by Gannett.

The Los Angeles Business Journal's annual exercise of estimating net worth has again tabbed Patrick Soon-Shiong as number one. Here are the top 10.

"David got bored with Los Angeles a long time ago,” says Tina Brown.

The Center for Investigative Reporting got the story rolling. Now Steve Lopez is on the case.

Report is that LA's richest person is "seriously considering" a bid but has not contacted Tribune. Not that the Times is even for sale.

Los Angeles is becoming a metropolis of the developing world, the New York Times columnist argues.

Stanley is shifting to a newly created beat that will be part of the NYT's gathering coverage of income inequality in the U.S.

Simon donated his fortune from "The Simpsons" to children, animals and other causes.

The latest issue of LA Weekly takes an interesting approach to the hot topic.

Broad tells Los Angeles Magazine the city needs "better political leadership and better citizen and corporate leadership than it’s had." He also confirms he is still trying to buy the LA Times.

California mansions are being bought by Chinese families, foreign tycoons and U.S. celebrities as a hedge against currency and stock market disasters or the vicissitudes of politics, Bloomberg Luxury says.

The actual headline at Atlantic Cities is "More Billionaires Live in Beijing Than in Los Angeles." Check out the data.

In the opening of a piece that is mostly about Silicon Valley techheads venturing into politics, the New Yorker's George Packer describes the changes being wrought in San Francisco and the peninsula communities south of the city by the new wealth of Silicon Valley's current occupants. Interesting, stark contrasts observed by a local.

For their $299, guests get valet parking, breakfast sequestered away from the crowds in a luxury lounge, special access to the studio back lot, unlimited line-skipping, a tour guide and lunch. Plus lovely free gifts.

Former news anchor Giselle Fernandez kicks off "Big Shots" on the magazine's CityThink website with the Mexican mogul. The series will feature influential business people and leaders.

Gold didn't get to buy the Dodgers last year, which means he's free next month to drive one of his Porsche's 12,000 kilometers from Beijing to Paris. Much of the race is off road: think of the Gobi Desert in Mongolia.

Billionaire investor and philanthropist Eli Broad is joining in financier Austin Beutner's proposal to buy the Los Angeles Times and run the newspaper as a non-profit, the Hollywood Reporter says tonight based on sources.

The names of Phil Anschutz, his wife Nancy, and co-owner Ed Roski have been inscribed on the Stanley Cup. Oh, and some hockey players too.

Rick Caruso, the wealthy developer who's mulling a run for mayor as a self-financed candidate, received special treatment and substantial property tax reductions from the office of county Assessor John Noguez, then donated thousands to Noguez's political efforts, according to the Los Cerritos Newspaper Group.

Before the Dodgers were sold, Jamie McCourt agreed to a divorce settlement with ex-husband Frank McCourt that gave her $131 million. Now that he has received considerably more than previously expected in the team's sale, she has sued and alleged Frank committed fraud by understating the team's value.

Ad buyers have inquired about TV time in November, sources say, and Caruso also reportedly begged off a sizable commitment of money to pension reform citing large upcoming political expenses of his own. We'll see.

William Poundstone writes at Artinfo that the whole notion of Eli Broad trying to run the Museum of Contemporary Art into the ground is uninformed, illogical and should just go away. Frequent MOCA critic Tyler Green agrees, posting on Facebook: "This is fantastic. I wish I'd written it."

The neighborhood of Holmby Hills is one of the highest-income enclaves of Los Angeles, if not the highest. It has probably the least-used city streets — in part because of the questionably profligate use of no parking signs. But still, a small group wants to be traded to Beverly Hills because financially strapped LA City Hall won't fix a few potholes.

Eli Broad talked at length about his new book, The Art of Being Unreasonable, with Warren Olney on tonight's "Which Way, LA?" on KCRW. Broad said he's not unreasonable so much as impatient with too much discussion or pondering on major decisions. At some point, he says, you have to just do it. Listen to the interview.

Yes, that was the elusive Kings owner and Los Angeles power figure celebrating on the ice — his ice — with the Stanley Cup on Monday night. Some 18,000 Kings fans and a live television audience got their first looks at possibly the most powerful man in Los Angeles. Nice looking guy — let's see more photos and video of Phil Anschutz.

Eli Broad speculates in ""The Art of Being Unreasonable: Lessons in Unconventional Thinking" — with a foreword by Michael Bloomberg — that the LA Times will be for sale once the Tribune's bankruptcy closes and says he's interested again. Broad is also now on Twitter and Facebook and has started to blog.

The only question, apparently, is which bid to buy the Dodgers will LA's richest man join.

Spotted on the Los Angeles Times website.

As of Monday's soft deadline to float a non-binding bid to buy the Dodgers, the players include Magic Johnson, Peter O'Malley, Rick Caruso and Joe Torre, Mark Cuban, Steven Cohen, Stanley Gold and the family of the late Roy Disney plus others.

Connie Bruck's profile of Philip Anschutz, Tim Leiweke and their empire in downtown Los Angeles — Staples Center, L.A. Live, the Los Angeles Kings, the proposed Farmers Field football stadium and more — is behind the magazine's pay wall. Here's a brief pre-look.

Exactly as you'd suspect, New York is first (7,720) and Los Angeles ranks second with 4,350 "ultra high net worth" residents.

Eli Broad’s decision to build his art museum on Bunker Hill, and how he arrived at the decision , "illustrates how the billionaire homebuilder does business, and how he has...