News Summary

A recent report reveals that billionaires in Orange County have experienced a dramatic wealth increase, with total wealth rising to $256 billion, up 43% from last year. Nine individuals boast net worths exceeding $10 billion, while notable gains include Henry Samueli’s rise to $29 billion and Ernest Garcia II’s 80% wealth surge. Business ventures and philanthropic efforts further characterize these wealthy individuals, underscoring their impact on local economies.

Wealth Surge in Orange County: Annual Report Reveals Local Billionaires’ Financial Gains and New Ventures

Orange County, CA – A recent annual report has highlighted a significant increase in wealth among billionaires in Orange County, with a cumulative wealth increase of 43%, reaching a total of $256 billion. The report, which identifies 43 billionaires with ties to the region, shows that nine individuals now have net worths exceeding $10 billion, an increase that nearly doubles the previous year’s count.

Among the notable names is Henry Samueli, who has recently become the wealthiest individual in Orange County. His wealth has surged by 44%, bringing his net worth to $29 billion. This growth is attributed largely to the rising stock prices of Broadcom, the technology company he co-founded. Investors anticipate further revenue growth for Broadcom, which has significantly boosted Samueli’s personal wealth.

Other billionaires also reported substantial gains. Ernest Garcia II, known for his involvement with Carvana, saw his wealth increase by 80%, reaching $21.7 billion as Carvana’s stock prices soared. Palmer Luckey, co-founder of Anduril Industries, experienced a 50% rise in his wealth, bringing him to $7.5 billion. Meanwhile, Donald Bren, previously the wealthiest in the area, reported a 5% increase in wealth to $19.2 billion despite challenges in the office sector.

Notable Developments and Ventures

A number of billionaires are also involved in significant business ventures. Fariborz Maseeh was recently honored by the University of Texas at Austin with an engineering school named after him, following a notable donation. Despite his recognition, he continues to actively manage his family office and invest in new companies.

Anthony Hsieh has returned as CEO of loanDepot Inc., expressing excitement about leading the company back into an industry he loves. Concurrently, Wong Luen Hei has embarked on constructing a massive 3.2 million square foot factory in China for his company, Lesso Group, indicating a bold expansion into manufacturing and international markets.

Philanthropic Efforts

Philanthropy also remains a focus for several billionaires. Bill Gross, recognized as the “bond king,” aims to grow his family foundation’s worth from $865 million to a target of $1 billion, with a strong emphasis on local donations. These philanthropic efforts highlight the commitment of wealthy individuals to give back to their communities.

Context and Trends

The 2023 report delineates a clear trend in rising fortunes within the Orange County region, attributed largely to strong stock market performances, particularly in the tech sector. Broadcom’s significant stock resurgence has substantially influenced the wealth of its founders, including Samueli and Henry Nicholas III.

Despite these gains, not all individuals on the list experienced positive growth. RJ Scaringe of Rivian faced a 15% decline, reducing his net worth to $1.6 billion, a rare setback in this otherwise positive financial landscape.

Overall, the financial health of billionaires in Orange County underscores the impact of successful entrepreneurial ventures and investments, demonstrating resilience in a complex economic environment. The report paints a compelling picture of wealth accumulation and strategic business expansion, particularly in areas like technology and education.

As the economy evolves, the continued monitoring of these shifts will be crucial for understanding the broader implications for Orange County and its wealthy residents.

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HERE Resources

Additional Resources

• OC Business Journal: The OC 50 Rising Entrepreneurs of 2025
• Wikipedia: Main Page
• GlobeNewswire: Orange County Bancorp Strategic Realignment
• Google Search: Orange County entrepreneurship
• OC Business Journal: 2025 Excellence in Entrepreneurship Awards
• Encyclopedia Britannica: Main Page
• EY: Entrepreneur of the Year Pacific Southwest Overview
• Newsfile: The New Way Restaurants Are Becoming Successful

Author: STAFF HERE HUNTINGTON BEACH

The Huntington Beach Staff Writer represents the experienced team at HEREHuntingtonBeach.com, your go-to source for actionable local news and information in Huntington Beach, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Huntington Beach Surf City USA Marathon, the U.S. Open of Surfing, Fourth of July celebrations at the Huntington Beach Pier, and community festivals at Huntington Beach Central Park. Our coverage extends to key organizations like the Huntington Beach Chamber of Commerce and Visit Huntington Beach, plus leading businesses in retail, hospitality, and outdoor recreation that drive the local economy. As part of the broader HERE network, including HEREAnaheim.com, HERECostaMesa.com, HERESantaAna.com, and HERELosAngeles.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.