Who is the richest person in California? Real-time data shows billionaire’s net worth

Savanna Smith
·2 min read
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Between the enormous wealth of Beverly Hills and Silicon Valley tech, competition is fierce when it comes to being the richest person in California.

For the first time since 2019, Forbes found the richest people living in each U.S. state, creating a healthy list of billionaires across the country.

Elon Musk took Texas. Jeff Bezos claimed Washington. But who is the richest person in the Golden State? Spoiler: He lives in Palo Alto.

Who is the richest person in California?

According to Forbes’ 2023 “The Richest Person in Every State” list:

The richest person in California: Larry Page

His source of wealth: Google

Age: 50

Estimated net worth (as of Tuesday): Roughly $105 billion

Who is Larry Page?

Larry Page is the co-founder, former CEO and current board member of Google’s parent company, Alphabet.

Page co-founded Google in 1998 alongside Sergey Brin, a fellow Stanford Ph.D. student. The two of them invented the algorithm that fuels the search engine.

His bachelor’s degree is from the University of Michigan and his master’s is from Stanford, according to Forbes. He is married with one child.

According to Forbes’ real-time wealth calculator, on Tuesday he was the seventh richest person in the world (up from No. 12 earlier this year) and the sixth wealthiest person in the United States (down from No. 5).

Forbes considers Page to be an 8 out of 10 on the “self-made” scale, meaning an individual “came from a middle-class or upper-middle-class background.”

Richest people in the world

As of Tuesday at 5 p.m., here’s how the world’s billionaires rank:

  1. Elon Musk: United States, automotive, $245.9 billion

  2. Bernard Arnault and family: France, Fashion & retail, $227.7 billion

  3. Larry Ellison, United States, technology, $153.1 billion

  4. Jeff Bezos, United States, technology, $148.5 billion

  5. Warren Buffett, United States, finance, $118.1 billion

  6. Bill Gates, United States, technology, $117.6 billion

  7. Larry Page, United States, technology, $104.6 billion

  8. Steve Balmer, United States, technology, $103.4 billion

  9. Carlos Slim Helu and family, Mexico, business, $101.5 billion

  10. Mark Zuckerberg, United States, social media, $100.9 billion

How does Forbes track billionaires?

The business magazine tracks the “daily ups and downs” of individuals Forbes confirms as billionaires, looking at their net worth updates occur every five minutes to once a day, depending on if holdings are public or private.

For the full methodology and real-time list of richest people in the world, visit the site’s billionaire tracker here.