• Weathiest Person in Pasadena (Photo – Graphic Dept., ColoradoBoulevard.net).

      The Los Angeles Business Journal published its 58 Wealthiest Angelenos list (expanded with 8 more people from last year’s), and Pasadena (and the San Gabriel Valley) still had one of its own on it.

      By Roxanne Elhachem

      Ranked by net worth in the billions, John F. Shea, philanthropist and former chairman of the J. F. Shea Co., is still the wealthiest person in the Greater Pasadena area, but his ranking dropped to 45 on the list from 43 in 2016, with a growing net worth of $1.49 in 2017 (net worth of $1.42 in 2016, and $1.29 in 2015).

      The history of the Shea family of companies began modestly enough in 1881 with the establishment of a small plumbing business in Portland, Oregon. From those humble beginnings, generations of the Shea family built the J.F. Shea Company into one of the largest privately held home builders in the nation.

      J.F. Shea Co. developments include new Phoenix communities and projects in Orange County, Monterey, and the state of Colorado. The construction company’s legacy of milestone achievements also includes the building of the Golden Gate Bridge, the Hoover Dam, and San Francisco’s Bay Area Rapid Transit (BART) system.

      John F. Shea and wife Dorothy Babbitt Shea (Photo - blogs.lmu.edu).

      John F. Shea and wife Dorothy Babbitt Shea, 2012 (Photo – blogs.lmu.edu).

      John currently lives in Pasadena with his wife, Dorothy, where the couple are still involved with philanthropy work at Catholic charities and organizations.

      John is a Knight of Malta, Knight Commander in the Order of St. Gregory and he received the Cardinal’s Award from Cardinal Roger M. Mahony in 1996. His wife, Dorothy Babbitt Shea, graduated with a Bachelor of Arts from Loyola Marymount University in 1959, and is a former LMU regent (1991-94), former trustee (1998-2003) and member of the School of Education’s Board of Visitors.

      Top 10 list

      In case you’re wondering who made the top of the Wealthiest Angelenos for the year 2017 list, here’s a ranking of the top 10 individuals.

      1. Patrick Soon-Shiong

        Patrick Soon-Shiong (Photo - de.wikipedia.org).

        Patrick Soon-Shiong (Photo – de.wikipedia.org).

        > Lives in Brentwood with a net worth of $ 18 billion (15.4 billion in 2016).
        > Sold American Pharmaceutical Partners and Abraxis BioScience. Founder and CEO of NantWorks.

      2.  Elon Musk
        Elon Musk (Photo - en.wikipedia.org).

        Elon Musk (Photo – en.wikipedia.org).

        > Lives in Bel Air with a net worth of $14.2 billion (13.3 billion in 2016).
        > Tesla. SpaceX

      3. Sean Parker

        Sean Parker (Photo - en.wikipedia.org).

        Sean Parker (Photo – en.wikipedia.org).

        Lives in Holmby Hills with a net worth of $9.07 billion (7.62 billion in 2016).
        > Napster creator. Facebook shareholder.

      4. John Tu

        John Tu (Photo - Kingston.com).

        John Tu (Photo – Kingston.com).

        > Lives in Rolling Hills with a net worth of $8.95 billion (7.1 billion in 2016).
        > Co-founder of Kingston Technology Corp.

      5. Eli Broad

        Eli Broad (Photo - commons.wikimedia.org).

        Eli Broad (Photo – commons.wikimedia.org).

        > Lives in Los Angeles with a net worth of $8.24 (7.64 billion in 2016).
        > Building homes (KB Home) and selling insurance (SunAmerica).

      6. David Geffen

        David Geffen (Photo - scrapetv.com).

        David Geffen (Photo – scrapetv.com).

        > Lives in Beverly Hills with a net worth of $7.55 billion (6.9 billion in 2016).
        > Dreamworks SKG co-founder.

      7. Sumner Redstone

        Sumner Redstone (Photo - vimeo.com).

        Sumner Redstone (Photo – vimeo.com).

        Lives in Beverly Hills with a net worth of $5.2 billion (5.5 billion in 2016).
        > Viacom Inc. and CBS Corp.

      8. Steven Udvar-Hazy

        Steven Udvar-Hazy (Photo - 56erhungariansinamerica.org).

        Steven Udvar-Hazy (Photo – 56erhungariansinamerica.org).

        > Lives in Beverly Hills with a net worth of $5.11 billion (4.7 billion.
        > CEO of Air Lease Corporation.

      9. Tamara “Tammy” Hughes Gustavson
        Tamara Hughes Gustavson (Photo - flickr, USC).

        Tamara Hughes Gustavson (Photo – flickr, USC).

        > Lives in Malibu with a net worth of $5.06 billion (5.49 billion in 2016).
        > Public Storage Co.’s largest shareholder (11%).

      10. Stewart and Lynda Resnick

        Stewart and Lynda Resnick (Photos - chancellor.ucdavis.edu; flickr, Great Valley Center).

        Stewart and Lynda Resnick (Photos – chancellor.ucdavis.edu; flickr, Great Valley Center).

        > Live in Beverly Hills with a net worth of $5 billion (4.99 billion in 2016).
        > Wonderful Co. is the largest almond and pistachio grower in the U.S.

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      Comments

      1. Read 2017 Wealthiest Person in Pasadena Is Still… by Roxanne Elhachem (ColoradoBoulevard.net)

        The Los Angeles Business Journal published its 58 Wealthiest Angelenos list (expanded with 8 more people from last year’s), and Pasadena (and the San Gabriel Valley) still had one of its own on it.

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