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Wednesday, Feb 8, 2023

Wealthiest Angelenos: 17, A. Jerrold Perenchio

NET WORTH: $3.77 billion, up 7.7 percent

LAST YEAR: $3.5 billion

AGE: 84


SOURCE OF WEALTH: Former Univision Communications Inc. owner

THE MONEY: Fortune made through diverse array of entertainment ventures, from building and selling International Creative Management, world’s fifth-largest talent agency, to owning Spanish-language Univision Communications Inc. Now leads Chartwell Partners family office.

BUZZ: Support for Republican super PACs and politicians continued last year, but headlines came from announced $500 million gift of 47 pieces of art from private collection to Los Angeles County Museum of Art. Delivery will come with completion of new building. Collection includes paintings, sculpture and works on paper from Picasso, Monet, Degas and others; largest gift ever made to museum. Built broadcasting powerhouse in Univision; sold in 2007 for $13.7 billion. Perenchio still among largest shareholders of company, considered fifth-largest TV network in United States, majority owned by group of private equity firms. This year could be one of biggest revenue years for company, which might go public at a time media companies expect to reap substantial revenue during fall’s political campaigns.

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