The 50 Wealthiest Angelenos: Stephen Bing – #48

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The money and the buzz on each of L.A.’s wealthiest.

THE MONEY: Stable values for apartment properties and increases in equities and bonds account for real estate scion’s slight gains. Political donations –hobby that has drained $58 million since 2000 –minimal in 2009. Film company released two box office duds, comedy “Youth in Revolt” and biography “Marley.”

BUZZ: Media shy, but made headlines providing personal jet for diplomatic mission to rescue two journalists in North Korea. Gesture promoted business interests when President Clinton and journalists landed at environmentally efficient Burbank airport hangar built by Bing’s Shangri-La Construction. Music tastes turned retro as his Shangri-La Entertainment released albums from Jerry Lee Lewis and Pretenders. Make It Right, project co-financed with actor Brad Pitt to rebuild New Orleans, won award from U.S. Green Building Council as world’s greenest community. Inherited New York real estate worth $600 million from grandfather. Dropped out of Stanford to pursue film career, eventually producing “Get Carter,” “Polar Express” and “Beowulf.”

NET WORTH: $620 million +5%

LAST YEAR: $590 million

AGE: 45

RESIDENCE: Beverly Hills

SOURCE OF WEALTH: Inheritance

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