Locals on Forbes latest list of billionaires

The world is filled with lots of extremely rich people - consider that Charles Munger, L.A.-based co-chairman of Berkshire Hathaway and Warren Buffett's longtime partner, has a net worth of $1 billion, according to Forbes, and is ranked at a lowly 1,153. At least one unfamiliar name that's living in L.A.: Jeronimo Arango, who shares a $4 billion fortune with his family (they sold their stake in retailer Cifra to Wal-Mart's Mexican arm). He's #276. Patrick Soon-Shiong is tops among L.A. residents, at $7.2 billion. Also worth noting: Do Won Chang,the founder of Forever 21 (with his wife Jin Sook), has a net worth of $4 billion - and only has a high school diploma. Other L.A. names:

--157 Eli Broad
$6.3 B 78 investments United States

--184 David Geffen
$5.5 B 69 movies, music United States

--242 Sumner Redstone
$4.4 B 88 Viacom United States

--276 Jeronimo Arango & family
$4 B 86 retail Mexico

--276 Jin Sook & Do Won Chang
$4 B 57 retail United States

--330 Steven Udvar-Hazy
$3.4 B 66 aircraft leasing United States

--344 Kirk Kerkorian
$3.3 B 94 casinos, investments United States

--377 Steven Spielberg
$3 B 65 movies United States

--401 Haim Saban
$2.9 B 67 television United States