Los Angeles has long been a favorite if brief stopover for international jet setters. But increasingly, rich foreigners are making a home here.

To read the Los Angeles Business Journal's rankings of the Wealthiest Angelenos, click here .

Whether they're building Persian Palaces in Beverly Hills or investing $100 million in downtown skyscrapers, the evidence of foreign money is all over L.A.

"We love the way of life here," said Nick Candy, 35, who recently plunked down $500 million to buy the old Robinsons-May development site in Beverly Hills.

Also in this special report is the Business Journal's annual ranking of Wealthiest Angelenos. Although a good deal of money has been vaporized, there are still 39 billionaires who live here.

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