The 50 Wealthiest Angelenos: David Whitmire Hearst

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NET WORTH:

$1.94 billion 2.1%

LAST YEAR: $1.9 billion

AGE: 68

RESIDENCE: Los Angeles

SOURCES OF WEALTH: Inheritance, media, real estate

THE MONEY: Grandson of legendary publishing tycoon William Randolph Hearst shares in family trusts, most notably controlling stake in private media

conglomerate Hearst Corp. Company continues to

benefit from postrecession recovery in broadcast and print advertising. He has invested heavily in rebounding real estate market.


BUZZ:
Private real estate investor has no active role in running Hearst Corp. and main family foundations. Splits time between homes in Southern California and Hawaii. Photographer collects vintage Leica and Hasselblad cameras; his San Diego-based foundation regularly lends his and others’ work for exhibition at the California Museum of Photography at UC Riverside. Year of personal losses. His mother, Hope Chandler Hearst, died at 90 in Honolulu. Hearst Corp. Chairman George Randolph Hearst Jr., cousin and longtime member of Wealthiest Angelenos list, died at 84 at his Paso Robles ranch near Hearst Castle. Family-controlled media empire includes newspapers, magazines, TV and radio stations, as well as stakes in cable networks ESPN; Lifetime; and A&E Television Networks, which it jointly owns with Walt Disney Co. ESPN stake considered to be worth more than $11 billion.

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