Net Worth: $3.4 B

LAST YEAR: $3 B
CHANGE: 13%
AGE: 46
RESIDENCE: Malibu
SOURCE OF WEALTH: Private equity

THE MONEY: Clearlake Capital, which Eghbali founded alongside fellow Wealthiest Angeleno Jose Feliciano, kept up its incredible momentum this year. The private equity firm has more than $72 billion in assets under management, according to a May company statement, nearly double what it held in October. Clearlake kept up the pace of its acquisitions as well, purchasing Irvine-based software developer Kofax Inc. in July for an undisclosed sum and Canada-based Intertape polymer group – a tape manufacturer – in March for $2.6 billion.

THE BUZZ: The Iranian-born Eghbali began his career in investment banking in the mergers and acquisitions group at Jefferies Broadview and in the technology group at Morgan Stanley & Co. Eghbali and Feliciano later worked at San Francisco-based TPG Capital, where Eghbali focused on buyouts and turnarounds. Eghbali serves on nonprofit boards, including his family foundation, the Noor Foundation, and the International Society of Children with Cancer. Alongside billionaire businessman Todd Boehly, Clearlake Capital earlier this year led a consortium of investors in the purchase of Chelsea Soccer Club for $4.34 billion.