The Los Angeles Business Journal has published its latest list of the wealthiest residents in the Los Angeles area. This is always interesting to report on, as the list is often littered with Malibu residents.

This year the wealthiest’s total net worth has declined by $32 billion, yet the poorest on the list is Malibu’s Mel Gibson at No. 50, ranked with a net worth of $510 million.  To remain topical however, it is anticipated, however, that his upcoming divorce from wife of 28 years Robyn Gibson will knock him back off the list.

Eli Broad, who has a home in Malibu, is listed No. 2 on the list, with a net worth of $5.4 billion. Broad, 76, has made his income from home building, starting with Kaufman & Broad, and in insurance, ending with Sun America, which he sold to AIG.

No. 6 on the list is none other than David Geffen, former co-owner of SKG DreamWorks. His current net worth is estimated at $3.6 billion, down $1.2 billion from last year.

Jerold Perenchio, who is listed at No. 9 with a net worth of $2.4 billion owns the Malibu Bay Co. and sold the 20 acre Civic Center area land where Legacy Park will be built, to the City of Malibu for $25 million. However, he also owns a home near the Malibu Lagoon off Pacific Coast Highway, which has a nine hole golf course and can be seen from the second level of the newly opened Malibu Lumber Yard mall!

The list goes on and on! With many Malibuites on the list it is no wonder that people are attracted to Malibu and are always looking at purchasing their own slice of the American Dream here overlooking the Pacific Ocean.

Being the leading Real Estate company in Malibu, if you are interested in purchasing a property or selling a property in Malibu, Pacific Palisades or the surrounding Beverly Hills/southern California area then please contact Judy Kunisaki for professional real estate advice in the Westside Los Angeles area, on 310-317-8396 or via her online contact form on her website.

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