As of April 2025, Arizona is home to several billionaires who have amassed significant wealth across various industries, according to an analysis by azbigmedia.com. Here are the 10 richest people in Arizona:
HEALTH NEWS: The 5 best hospitals in Arizona, according to U.S. News & World Report
INDUSTRY INSIGHTS: Want more news like this? Get our free newsletter here
- Ernest Garcia II – Net Worth: $14.9 billion
Ernest Garcia II is the largest shareholder of Carvana, an online platform for buying and selling used cars. He is also the founder of DriveTime Automotive, one of the nation’s largest used car retailers. Garcia resides in Tempe, Arizona. - George Kurtz – Net Worth: $6.3 billion
George Kurtz is the co-founder and CEO of CrowdStrike, a cybersecurity technology company. Under his leadership, CrowdStrike has become a significant player in the cybersecurity industry. Kurtz lives in Paradise Valley, Arizona. - Ernest Garcia III – Net Worth: $5.7 billion
Ernest Garcia III is the founder and CEO of Carvana. He established the company to revolutionize the used car buying experience by offering an online platform. Garcia III resides in Phoenix, Arizona. - Mark Shoen – Net Worth: $5.2 billion
Mark Shoen owns approximately one-fifth of U-Haul’s parent company, Amerco. U-Haul, founded by his parents in 1945, has grown into a leading truck and trailer rental company. Shoen lives in Phoenix, Arizona. - Arturo Moreno – Net Worth: $5 billion
Arturo Moreno is the owner of the Los Angeles Angels baseball team, which he purchased in 2003. He made his initial fortune through billboard advertising with his company, Outdoor Systems, which he sold in 1999. Moreno resides in Phoenix, Arizona. - E. Joe Shoen – Net Worth: $4.7 billion
E. Joe Shoen is the president and chairman of U-Haul’s parent company, Amerco. He owns around 20% of the company and played a pivotal role in its leadership transition during the 1980s. Shoen resides in Phoenix, Arizona. - Bob Parsons – Net Worth: $4.5 billion
Bob Parsons is the founder of GoDaddy, a web hosting and domain registration company. After selling his remaining stake in 2018, Parsons has focused on philanthropy and other business ventures. He lives in Scottsdale, Arizona. - Stewart Horejsi and family – Net Worth: $3.5 billion
Stewart Horejsi began investing in Berkshire Hathaway in the 1980s, amassing significant holdings. He has since managed family investments and resides in Phoenix, Arizona. - Bennett Dorrance – Net Worth: $3.2 billion
Bennett Dorrance is the grandson of John T. Dorrance, the inventor of condensed soup. He owns a 15% stake in Campbell Soup Company and is a founding partner of DMB Associates, a real estate development firm. Dorrance lives in Paradise Valley, Arizona. - George Christ and family – Net Worth: $1.7 billion
George Christ cofounded software company Altair Engineering with fellow billionaire James Scapa in 1985. Christ and his family have accumulated wealth through various business ventures and investments. They are based in Arizona.
These individuals have significantly contributed to Arizona’s economic landscape through their entrepreneurial ventures and leadership in various industries.
