Net Worth: $4.6 B

LAST YEAR: 4.6
CHANGE: 0%
AGE: 73
RESIDENCE: Beverly HIlls
SOURCE OF WEALTH: Real estate

THE MONEY: Palmer is a third-generation homebuilder and attorney with a large multifamily portfolio across Southern California. He owns more than 15,000 luxury units, most of which are dispersed in the Los Angeles metro area, as well as thousands of additional units under development. These units, valued in excess of $6 billion, are primarily single-family homes, townhomes, apartments and condominiums.

THE BUZZ: A native Angeleno, Palmer founded his namesake firm, G.H. Palmer Associates, in 1978. He reportedly owns a handful of homes in Beverly Hills; Malibu; St. Tropez, France and Aspen, Colorado. Palmer is a Republican donor and has donated millions of dollars to groups backing former president Donald Trump. Palmer has been outspoken against affordable-housing policies. In 2019, a class-action lawsuit claimed that he kept millions of dollars of security deposits from tenants, which he later agreed to pay back. He sits on the Los Angeles County Museum of Art board of trustees.