Net Worth: $4.9 billion

LAST YEAR: $4.1 billion
CHANGE: 20%
AGE: 48
RESIDENCE: Malibu
SOURCE OF WEALTH: Private equity

Eghbali and fellow Wealthiest Angeleno Jose Feliciano founded Clearlake Capital in 2006 with a philosophy of flexibility, shifting their strategic direction significantly based on the most current economic forecasts. That reactive strategy has clearly paid off, as Clearlake has consistently gained year over year, adding a whopping $10 billion of assets under management in the last year alone, from $70 billion in August 2023 to $80 billion in August 2024.

Education: University of California, Berkeley, Bachelor of Business Administration.

Early Career: The Iranian-born Eghbali began his career in investment banking in the mergers and acquisitions group at Jefferies Broadview and in the technology group at Morgan Stanley & Co.

Sports Stake: Clearlake owns roughly a 62% stake of the Chelsea Football Club, which was valued in August 2024 at $3.12 billion.

Charitable Giving: Eghbali serves on the boards of several nonprofits, including his own family’s foundation, The Noor Foundation, as well as on the board of the International Society of Children with Cancer.