The 50 Wealthiest Angelenos: Ronald Tutor – #44

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

THE MONEY: Construction magnate returns to list after several years’ departure. Owns 43 percent stake worth $500 million in giant Tutor Perini Corp., formed from merger of his private construction firm with publicly held Perini Corp. Other assets include Boeing 737 jet, and home in exclusive Beverly Park community recently purchased for $32 million.

BUZZ: Became chief executive of new Tutor Perini Corp., one of nation’s largest contractors after merger. Friend of casino king Steve Wynn, personally managed work on Wynn’s Encore resort. Still involved in 15-year dispute with MTA over Hollywood Red Line construction. Has hand in Hollywood as executive producer, but with mixed record. Invested in production and distribution companies Capitol Films and ThinkFilm, but both in bankruptcy. Put Hidden Hills home up for sale for $19 million after buying new Beverly Park digs. Trustee at alma mater USC. Pledged $30 million gift in 2007 for campus center that will open this summer. Owns big yacht and property in Sun Valley ski haven. Divorced twice.

NET WORTH: $700 million

LAST YEAR: Not on list

AGE: 69

RESIDENCE: Los Angeles

SOURCE OF WEALTH: Construction

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