#25 – David Whitmire Hearst Jr.
Net Worth: $1.35 billion -20%
Last Year: $1.7 billion
Age: 64
Residence: Beverly Hills
Source of Wealth: Print and broadcast media
#26 – George Randolph Hearst Jr.
Net Worth: $1.35 billion -20%
Last Year: $1.7 billion
Age: 82
Residence: Los Angeles
Source of Wealth: Print and broadcast media
The Money:
Recession has been brutal for media companies, but the grandchildren of legendary publishing tycoon William Randolph Hearst lost less than many. Privately held Hearst Corp. is into newspapers, magazines, TV stations and cable TV networks, including Disney? growing ESPN franchise. Other properties include business rating service Fitch Group and Internet broadcasters.
Buzz:
Cousins share in inherited trusts of William Randolph Hearst? five children. George spends much of his time at Paso Robles ranch near his grandfather? famed Sam Simeon estate. David leads lower-profile life as private real estate investor and president of small charitable trust that bears his name. Both men contributed to Republican Party committees and candidates in last election. Hearst family foundations, some of which George heads, continue to aid L.A.-area institutions, with USC? Eli and Edythe Broad Center for Regenerative Medicine & Stem Cell Research and Center Theatre Group of Los Angeles among recent recipients.
