Top Five Wealthiest People in Los Angeles
Ronald Burkle
Net Worth: $3.2 billion
Profession: American business mogul
How He Made His Wealth: He made his fortune buying and selling supermarket chains, including Wild Oats, which was bought by Whole Foods for a hefty half-billion-dollar sum. He founded Yucaipa Companies, a private equity firm that invests in retail, manufacturing, and distribution, which is actively trying to purchase 20 percent of Barnes & Noble shares.
Fast Facts: He worked as a bag boy in supermarkets when he was young. He never finished college, proving to dropouts everywhere that you can still make it in this world without a degree. He sits on the board of organizations like KB Home and Yahoo! and is the co-chairman for the Burkle Center for International Relations at UCLA. The Ronald W. Burkle Foundation supports programs designed to strengthen the community.
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