Wealthiest Angelenos 2021: Publisher’s Letter

Josh Schimmels
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Wealthiest Angelenos 2021: Publisher’s Letter
Josh Schimmels

The Los Angeles Business Journal is, once again, pleased to unveil our annual Wealthiest Angelenos special edition. Over the past few months, our editors, researchers and reporters have gathered, tracked and compiled data on the very wealthiest individuals (and a few couples) residing in the region. The past year has seen tremendous changes in accumulation of wealth — all of which is reflected on the following pages.

Noticeably missing this year is last year’s No. 1 ranked Wealthiest Angeleno, Elon Musk — for the simple reason that he no longer resides full time in Los Angeles.

 When excluding his influence on last year’s list, we see an increase in collective wealth from $213 billion in 2020 to $250 billion this year. Patrick Soon-Shiong reclaims the top spot this year with a fortune of $20.4 billion.
 
Additionally, we’ve identified and highlighted the stories of a few of this year’s standouts: Evan Spiegel (youngest at age 31), George Joseph (oldest at age 99), Jose Feliciano and Behdad Eghbali (newcomers to the list) and Lynsi Snyder-Ellingson (youngest woman at age 39).
 
I want to extend a special thank you to Editor Scott Robson, Interim Editor Stephanie Barbaran, Research Director Joshua Niv, Production Director Nina Bays, and the entire editorial and production teams for their collaborative efforts and dedication to this special edition.

We look forward to next year’s list and to seeing how the numbers, industries and, of course, people change.

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Josh Schimmels
Josh Schimmels
Josh Schimmels is the Publisher and CEO of the Los Angeles Business Journal (LABJ). Having previously served as an executive with the LABJ, he returned to the company in April of 2020. Schimmels was Associate Publisher and Vice President at the Business Journal from 2010 to 2015. He began his career in 1999 with a five-year turn at the Business Journal’s sister publication, the San Fernando Valley Business Journal. Prior to returning to Los Angeles last year, he was with Phoenix-based AZ Big Media, where he served as publisher, contributing six years at the company in two different roles. AZ Big Media publishes nine magazines including Arizona Business magazine, AZRE and Ranking Arizona. It also hosts one of the state’s most-visited websites with an array of digital offerings. Schimmels spent nearly four years as business group publisher at D Magazine Partners in Dallas. There he oversaw a portfolio of publications that included D CEO magazine, D CEO Real Estate Annual, Dallas 500, D CEO Healthcare, along with its custom publishing division. During his tenure, D CEO magazine was named the country’s Best Regional Business Magazine three times by the Alliance of Area Business Publishers (AABP). Josh holds an MBA from Arizona State University’s W.P. Carey School of Business. He has an undergraduate degree in broadcasting from Arizona State’s Walter Cronkite School of Journalism and Mass Communications. He’s passionate about his work in the community. As a Stage IV blood cancer survivor, he works as a patient advocate to help cancer patients and families through volunteering, fundraising, leadership volunteer positions and public speaking on behalf of the Leukemia & Lymphoma Society (LLS). He has served on numerous community boards and committees including AABP, LLS, and the Los Angeles World Affairs Council and Town Hall. Josh has completed the Ironman triathlon twice and spends much of his free time in nature, where he enjoys adventures in the mountains.

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