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Article: Welcome to the club: local billionaires list adds 3 new names: this year's list of wealthiest San Diegans grows from 20 to 25.
- Article from:
- San Diego Business Journal
- Article date:
- November 7, 2005
- Author:
CopyrightCOPYRIGHT 2005 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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This year's annual List of San Diego's Wealthiest people contains seven people who have amassed net worths in excess of $1 billion, or three more than last year's List.
That might mean the area is becoming a haven for the ultra-rich, but in reality, the increase is more a function of new information.
In fact, last year's List probably should have had five billionaires, since former Gateway Inc. chairman Ted Waitt's fortune was low-balled at $650 million.
This year, Waitt's estimated net worth of $1.6 billion ranks him No. 6. Another billionaire that surfaced this year from relative obscurity is Charles Brandes, the founder and chairman of ...