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.