Hixon

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Hixon Family

Net Worth: $1.4 billion

Source of Wealth: Stock

Residence: Pasadena

The Hixon family’s wealth derives from AMP Inc., the world leader in electrical and electronic connectors. The late Joseph Hixon made a large investment in the company’s stock in the early 1940s, and hit the jackpot with the outbreak of World War II and the subsequent build-up of the United States’ industrial base. The company, located in Harrisburg, Pa., had net income of $457 million last year.

The Hixon fortune, consisting of more than 10 percent of AMP’s stock, is split among 70 family members. Joseph Hixon’s son, 83-year-old Alexander Paul Hixon, and his wife Adelaide live in Pasadena. They are intensely private philanthropists. She has been active in the Pasadena Art Alliance and on the board of the Center Theatre Group, and also volunteers for the United Way and Planned Parenthood. The two are founding members of the Museum of Contemporary Art and have donated to the Music Center, KCET-TV Channel 28 and Huntington Memorial Hospital.

He is an investor who enjoys traveling and golf. The two are also said to be passionate about fly fishing.

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