Wealthiest Angelenos: David and George Hearst Jr. – #26 & #27

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Wealthiest Angelenos: David and George Hearst Jr. – #26 & #27
Wealthiest Angelenos: George Randolph Hearst Jr.

The skinny on the fat wallets of L.A.’s 50 wealthiest.

David Whitmire Hearst Jr.

NET WORTH: $1.8 billion +20% LAST YEAR: $1.49 billion

AGE: 66 RESIDENCE: Beverly Hills

SOURCE OF WEALTH: Print, broadcast media

George Randolph Hearst Jr.

NET WORTH: $1.8 billion +20% LAST YEAR: $1.49 billion

AGE: 84 RESIDENCE: Los Angeles

SOURCE OF WEALTH: Print, broadcast media

THE MONEY: Grandchildren of legendary publishing tycoon William Randolph Hearst have share in family trusts, most notably controlling stake in privately held Hearst Corp. Media conglomerate continues to benefit from post-recession uptick in broadcast and print advertising.

BUZZ: George presides over busy Hearst Corp. board, which in January became second largest magazine publisher after Time Inc. with acquisition of overseas editions of French magazine publisher Lagardere SCA. Titles include Elle and Car and Driver. Hearst Corp. continues to benefit from joint stakes with Walt Disney Co. and others in cable content providers, including ESPN. George, chairman since 1996, spends much of his time at Paso Robles cattle ranch near grandfather’s famed San Simeon estate. David leads lower-profile life as private real estate investor and president of small charitable trust that bears name. Both longtime contributors to Republican candidates. Hearst family foundations, one of which George heads, aid L.A.-area institutions, with education programs at Autry National Center of the American West, Cedars-Sinai Medical Center and Catholic Archidiocese of Los Angeles among recent local beneficiaries.

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