Net Worth: $4 billion

LAST YEAR: $4.6 billion
CHANGE: -14%
AGE: 74
RESIDENCE: Beverly Hills
SOURCE OF WEALTH: Real estate

Palmer is a third-generation home builder and attorney with a multifamily portfolio across Southern California. A native Angeleno, Palmer got his start developing residential homes in Los Angeles in the 1970s before founding his namesake firm, G.H. Palmer Associates, in 1978. He currently owns more than 15,000 luxury units, most of which are dispersed in the greater L.A. metro area, as well as thousands of additional units under development. These units, valued in excess of $6 billion, come in the shape of single-family homes, townhomes, apartments and condominiums, as well as some industrial properties. Palmer has been outspoken against affordable housing policies. A 2019 class-action lawsuit claimed that he kept millions of dollars of security deposits from tenants.

Politics: Palmer is a Republican donor and has donated millions of dollars to groups backing former President Donald Trump.

Education: Palmer graduated from the University of Colorado, Boulder and holds a juris doctor degree from Pepperdine University School of Law.

Outside Organizations: He sits on the LACMA board.