Eleven of America's richest people live in Santa Barbara, reports Montecito Journal columnist Richard Mineards.
Forbes' magazine's eagerly awaited Top 400 rich list particularly singles out Harold Simmons, 80, who flies between his 27-acre Montecito estate - the former home of actor Gene Hackman - and his Dallas mansion, who has seen his net worth double to $9.3 billion from $5 billion last year. Simmons, whose position in the rankings has jumped from 55 to 33, has seen the value of his publicly traded buyout vehicle, Valhi, which deals with waste management and chemicals, climb a staggering 250 per cent in the last year.
The richest "local" is Larry Ellison, 67, founder of Oracle, the computer software company, who has gained $6 billion, bringing his net worth to $33 billion, placing him third on the U.S. List and fifth in the world rankings. Others on the list include Google honcho, Eric Schmidt ($6.2 billion), George Lucas ($3.2), Oprah Winfrey ($2.7), Ty Warner ($2.4), Craig McCaw ($1.6), Herb Simon ($1.6), Peter Sperling ($1.15) and Charles Munger ($1 billion)...
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