Wealthiest Angelenos

Increasingly, rich foreigners are making a home in LA. "Whether they're building Persian Palaces in Beverly Hills or investing $100 million in downtown skyscrapers, the evidence of foreign money is all over L.A." Also in the special report is the Business Journal's annual ranking of Wealthiest Angelenos. Although a good deal of money has been vaporized, there are still 39 billionaires who live there.

Read the 5/19/08 Los Angeles Business Journal special report on the wealthiest "Angelenos" or directly navigate to the rankings.

California Boasts Most Millionaires

According to a new survey from research company TNS, and reported in the 5/5/08 Wall Street Journal "Wealth Report," California and other Western states had seven of the top 10 spots, with California dominating. New York rounded out the bottom with two spots. Click here to view counties with millionaires by rank - note that TNS defines millionaire households as those with at least $1 million in net worth, not including primary residence.

Record Earnings for Hedge Funders

In 2007 the top 25 hedge-fund managers earned $16 billion and according to Alpha Magazine's 2007 rankings of top hedge-fund earners, the highest-paid hedge funders earned around $3 billion each.

Read more about the top-earning hedge fund managers on the website of the Wall Street Journal's 4/16 "Wealth Report."