Net Worth: $4 Billion
Notable Member(s): Henry Samueli
Claim to Fame: Broadcom
Henry Samueli is most well-known for co-founding the giant technology firm: The Broadcom Corporation. At the time, he was working at UCLA and he and one of his Ph.D. students launched the business, paying $5,000 each for startup costs. That investment would prove to be very wise, turning both men into billionaires.
Samueli never officially resigned from UCLA but instead took a leave of absence, from which he still finds himself on today. Apparently, his name is still included on some of the faculty rosters for the Electrical and Computer Engineering Department. In 2003, Samueli bought a sports arena and created Anaheim Arena Management, which bought the NHL’s Anaheim Duck’s 2 years later. Then in 2015, he bought the American Hockey League team: The Norfolk Admirals. The Samueli’s are also very philanthropic people, donating more than $500 million to causes of their choice to date. In fact, the family created the Samueli Foundation, joining The Giving Pledge, where members swear to donate the majority of their wealth to charitable causes. In 2001, they founded the Susan Samueli Center for Integrative Medicine at the University of California in Irvine.
Net Worth: $1.4 Billion
Notable Member(s): Kim Kardashian
Claim to Fame: Kim Kardashian’s Instagram Account
Kanye West and Kim Kardashian have a strange dynamic going on in their family. Kanye grew into his fame through putting out music – like his hit song, Gold digger, while Kim found her fame through…Instagram and adult movies.
But these days, Kim uses her insanely high follower count to sell her makeup and bring in money through endorsements. She gets paid millions of dollars for every sponsored post that she makes on social media. She also stars in her family’s reality show: Keeping Up with the Kardashians. Kanye is still rapping and performing occasionally, but he’s also been wrapped up in politics, lately. There’s even a rumor that he’ll be running for president in 2020. The couple has four children together, including a son that was born recently via surrogate. Welcome to the world, son, you’re a billionaire!
Net Worth: $8.8 Billion
Industry: Sports and Entertainment
Notable Member(s): Stanley Kroenke
Claim to Fame: Denver Nuggets, Los Angeles Rams
The Kroenke family also has its wings spread pretty wide when it comes to their financial accomplishments. Stan Kroenke’s made a name for himself in the world of sports and entertainment, buying teams such as the Colorado Rapids and the Los Angeles Rams.
But Kroenke’s wife, Ann, also happens to be the niece of Walmart’s founder, Sam Walton –which makes her the heiress to the retailer’s fortune. Ann also owns a few sports teams herself, including the Denver Nuggets and Colorado Avalanche. The NFL has restrictions about how many teams an owner can have, hence why she stepped into the sports world. The Kroenke’s also own quite a few ranches that total nearly 900,000 feet of land including the Waggoner Ranch, the biggest one in Texas. Their company, Kroenke Sports and Entertainment, owns the Pepsi Center in Denver and co-owns Dick’s Sporting Goods Park in Commerce City. But their reach also goes beyond the borders of the USA, as they also own some stakes in the Arsenal Football Club in the UK. They recently were criticized due to the fact they launched a television channel overseas that features trophy hunting.
Net Worth: $4.1 Billion
Notable Member(s): Tom and Alec Gores
Claim to Fame: Platinum Equity
Tom Gores grew up in Flint, Michigan, after his family moved to the United States from Israel when he was just 4 years old. He worked as a bag and stock boy at the supermarket that his father owned. But in his 20’s, he got into investing, and eventually, launched the company that would skyrocket him to success: Platinum Equity.
But Platinum Equity wasn’t just an investment firm, they specialized in buyouts, and it soon became feared among business owners around the world. The company, although based in Los Angeles, was buying out businesses from all four corners of the world. Today, it’s completed over 250 acquisitions and has offices in New York, London, Singapore, and Boston. Although Alec doesn’t work with his brother at Platinum Equity, he’s still a billionaire in his own right, amassing a fortune of nearly $2 billion through technology buyouts at his firm, Gores Group. In 2012, he lost almost $18 million in a bet on a backgammon game. The brothers have both donated very generously to organizations that work to fight the water crisis in their hometown of Flint.
The Ballmer Family
Net worth: $47.8 Billion
Family Business: Los Angeles Clippers
Prominent Member: Steve Ballmer
The Ballmer family has Steve Ballmer to thank for its incredible wealth. Ballmer owns the majority of the LA Clippers NBA team. Before that, he was the CEO of Microsoft. Balmer was one of the pioneering members of the company during the 2000s
After leaving Microsoft, Ballmer ventured into the sports industry and apparently bought the Los Angeles Clippers for a around $2 billion. If this is true, then this would be the second highest sum ever paid in the history of American professional sports. Ballmer clearly turns everything he touches into gold