Elon Musk and Panda Express founders make it onto Forbes 400

panda.jpgThey're the Socal newcomers on the annual rich list. Musk, who runs both Space X and Tesla Motors, ranks 190 at $2.4 billion. Andrew & Peggy Cherng, who started Panda Express, rank 239, at $2 billion. Musk and Andrew Cherng are both immigrants to the U.S. and made their fortunes in very different ways - Musk with orbital space vehicles and electric cars and Cherng with fast casual Chinese food (what a country!). By the way, the combined net worth of the 400 richest Americans is $1.7 trillion, up from $1.5 trillion a year ago. When Forbes began its list in 1982, the price of admission was a mere $75 million. This year it's $1.1 billion. The other Socal names this year are quite familiar.

24 Donald Bren
$13 B 80 Newport Beach, California real estate

47 Patrick Soon-Shiong
$7.3 B 60 Los Angeles, California pharmaceuticals

55 Eli Broad
$6.3 B 79 Los Angeles, California investments

57 David Geffen
$5.6 B 69 Malibu, California movies, music

79 Jin Sook & Do Won Chang
$4.5 B 57 Beverly Hills, California Forever 21

91 Sumner Redstone
$4.1 B 89 Beverly Hills, California Viacom

104 Edward Roski, Jr.
$3.7 B 73 Los Angeles, California real estate

120 Steven Udvar-Hazy
$3.3 B 66 Beverly Hills, California aircraft leasing

125 Steven Spielberg
$3.2 B 65 Pacific Palisades, California movies

128 Haim Saban
$3.1 B 67 Beverly Hills, California television

132 Tamara Gustavson
$3 B 50 Malibu, California self storage

142 Kirk Kerkorian
$2.9 B 95 Beverly Hills, California casinos, investments

151 Oprah Winfrey
$2.7 B 58 Montecito, California television

170 David Sun
$2.6 B 60 Irvine, California computer hardware

170 John Tu
$2.6 B 71 Rolling Hills, California computer hardware

179 Tom Gores
$2.5 B 48 Beverly Hills, California private equity

179 Anthony Pritzker
$2.5 B 51 Los Angeles, California hotels, investments

190 David Murdock
$2.4 B 89 Los Angeles, California Dole, real estate

190 Elon Musk
$2.4 B 41 Los Angeles, California Tesla Motors

190 A. Jerrold Perenchio
$2.4 B 81 Bel Air, California television

206 Nicolas Berggruen
$2.3 B 51 Beverly Hills, California investments

206 Bill Gross
$2.3 B 68 Newport Beach, California investments

206 Michael Milken
$2.3 B 66 Los Angeles, California investments

218 Stewart and Lynda Resnick
$2.2 B - Beverly Hills, California agriculture, water

239 Andrew & Peggy Cherng
$2 B - Los Angeles, California Panda Restaurant Group

250 George Argyros
$1.9 B 75 Newport Beach, California real estate, investments

250 Alec Gores
$1.9 B 59 Beverly Hills, California private equity

250 David Hearst, Jr.
$1.9 B 67 Los Angeles, California Hearst Corp

250 Donald Sterling
$1.9 B 76 Beverly Hills, California Real Estate

271 Henry Samueli
$1.8 B 58 Newport Beach, California semiconductors

328 Bruce Karsh
$1.4 B 57 Los Angeles, California private equity

328 Howard Marks
$1.4 B 66 Los Angeles, California money management

328 Gary Michelson
$1.4 B 63 Los Angeles, California medical patents

347 Henry Nicholas, III.
$1.3 B 52 Newport Coast, California semiconductors

392 George Joseph
$1.1 B 91 Los Angeles, California insurance

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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