The 50 Wealthiest Angelenos: Frank McCourt – #40

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

THE MONEY: Last year, Frank and Jamie McCourt made list based on apparent joint ownership of Dodgers. This year, only Frank does based on divorce court documents indicating estranged couple signed agreements giving him sole ownership of team and Jamie ownership of couple’s numerous mansions.

BUZZ: After nearly 30 years of marriage, impending high-profile divorce will divvy up more than $1 billion in assets. Nasty breakup included allegation by Frank that he fired Jamie as team chief executive after she had affair with Dodger employee. Jamie said relationship started after separation. Jamie receiving $225,000 in temporary monthly spousal support. Frank’s high net worth depends on continued control of club, an asset they both want. Court decision expected this year. Meanwhile, franchise continues to increase in value after two straight division titles. Estimated to be worth $727 million, according to Forbes, up 70 percent from its $430 million purchase price in 2004. Attendance topped 3.8 million last year, best in MLB. Frank has taken up residence at exclusive Montage Hotel; Jamie has free reign of nine homes in Los Angeles, Malibu, Cape Cod and Vail ski haven in Colorado.

• NET WORTH: $835 million -35%

• LAST YEAR: $1.29 billion*

• AGE: 56

• RESIDENCE: Beverly Hills

• SOURCE OF WEALTH: Real estate, sports

*Net worth included joint property with Jamie McCourt

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