24. José Feliciano

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24. José Feliciano

Net Worth: $3.4 B

LAST YEAR: $3 B
CHANGE: 13%
AGE: 48
RESIDENCE: Venice
SOURCE OF WEALTH: Private equity

THE MONEY: Clearlake Capital, which Feliciano founded with Behdad Eghbali, a fellow Wealthiest Angeleno, maintained its impressive momentum over the past year. The private equity firm had more than $72 billion in assets under management in May, according to a company statement, which was nearly double what it had in October. Clearlake kept up the pace of its acquisitions as well, purchasing the Irvine-based software developer Kofax Inc. in July and Canada-based Intertape polymer group – a tape manufacturer – in March for $2.6 billion.

THE BUZZ: Feliciano began his career in investment banking in the mergers and acquisitions and corporate group at New York-based Goldman Sachs Group Inc. He later worked as an investor at TPG Capital. Feliciano and his wife have endowed $50 million in grants to minority-run investment companies through their Supercharged Initiative. He owns residential and commercial real estate in Santa Monica and Marina del Rey. Feliciano and Eghbali were among the final names in consideration to buy the Denver Broncos, but the duo opted to go with soccer instead. Alongside billionaire businessman Todd Boehly, Clearlake Capital led a consortium of investors to purchase the Chelsea Soccer Club for $4.34 billion.

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