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Tuesday, Jan 31, 2023
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Wealthiest Angelenos: 20, Marion Anderson & Family

NET WORTH: $3.4 billion, up 13 percent

LAST YEAR: $3.01 billion

RESIDENCE: Bel Air

SOURCE OF WEALTH: Beer distribution, real estate

THE MONEY: Business magnate John Anderson Sr., who built fortune distributing Budweiser and buying real estate, was open book, providing detailed calculation of wealth each year. Family discontinued practice after his 2011 death. Lacking major reported transactions, no reason to suspect core holdings have changed substantially.

BUZZ: Marion Anderson lifelong philanthropist who has served on boards of National Art Association, Claremont McKenna College and Children’s Hospital Los Angeles, to which she and late husband donated $50 million before his death in July 2011. Last week announced $100 million gift to UCLA business school. Daughter Judy Munzig and son John Jr. work at family holding company Topa Equities. William Anderson president of Topa before founding First Beverage Group, investment bank and private equity firm focused on beverage industry. Topa continues to distribute beer through Ace Beverage subsidiary in Los Angeles; owns and manages office, retail and multifamily properties.

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