Arizona is known for sunshine, stunning landscapes and explosive population growth, but the Grand Canyon State also has some serious firepower with billionaires.
From used cars and cybersecurity to U-Haul, professional sports and GoDaddy, Arizona’s wealthiest residents have built fortunes across an eclectic mix of industries. Using Forbes data, here’s a look at the 10 richest people in Arizona, based on net worth as of June 18, 2026.
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1. Ernest Garcia II — $21 billion
Source of wealth: Used cars
Lives in: Tempe
Sitting comfortably atop Arizona’s billionaire rankings is Ernest Garcia II, whose fortune is tied largely to the used-car business. With an estimated net worth of $21 billion, Garcia has nearly twice the wealth of Arizona’s No. 2 billionaire.
2. George Kurtz — $11.8 billion
Source of wealth: Security software
Lives in: Paradise Valley
Cybersecurity has been very good to George Kurtz. The technology entrepreneur lands at No. 2 with an estimated $11.8 billion fortune generated through security software.
3. Ernest Garcia III — $9.9 billion
Source of wealth: Used cars
Lives in: Phoenix
There’s apparently plenty of money in used cars. Ernest Garcia III ranks third among Arizona’s richest residents with a $9.9 billion fortune, giving the Garcia family two of the state’s three biggest billionaire fortunes.
4. Arturo Moreno — $5 billion
Source of wealth: Billboards, Los Angeles Angels
Lives in: Phoenix
Arturo Moreno turned success in the billboard business into a fortune and later became one of professional sports’ most prominent owners through the Los Angeles Angels. His estimated $5 billion net worth puts him fourth in Arizona.
5. Mark Shoen — $4.5 billion
Source of wealth: U-Haul
Lives in: Phoenix
Helping Americans pack up and move has created some sizable fortunes. Mark Shoen, whose wealth comes from U-Haul, ranks as Arizona’s fifth-richest billionaire with an estimated net worth of $4.5 billion.
6. Bob Parsons — $4.1 billion
Source of wealth: Web hosting
Lives in: Scottsdale
One of Arizona’s most recognizable entrepreneurs, Bob Parsons built his fortune in technology and web hosting. The GoDaddy founder’s estimated $4.1 billion fortune earns him the No. 6 spot.
7. E. Joe Shoen — $4 billion
Source of wealth: U-Haul
Lives in: Phoenix
Another member of the Shoen family makes Arizona’s Top 10. E. Joe Shoen, longtime leader of U-Haul, has amassed an estimated $4 billion fortune.
8. Stewart Horejsi and family — $4 billion
Source of wealth: Berkshire Hathaway
Lives in: Phoenix
Sometimes the road to billions comes down to making the right investment — and sticking with it. Stewart Horejsi and family have an estimated $4 billion fortune tied to Berkshire Hathaway.
9. Bennett Dorrance — $2.5 billion
Source of wealth: Campbell Soup
Lives in: Paradise Valley
Arizona’s billionaire club even has a connection to one of America’s most famous pantry staples. Bennett Dorrance, whose fortune comes from Campbell Soup, is worth an estimated $2.5 billion.
10. Jerry Moyes and family — $2.3 billion
Source of wealth: Transportation
Lives in: Tolleson
Rounding out Arizona’s 10 richest billionaires is Jerry Moyes and family. With wealth built through the transportation and logistics industry, Moyes has an estimated net worth of $2.3 billion.
Arizona’s billionaire economy
Collectively, Arizona’s 10 richest billionaires on this list are worth an eye-popping $69.1 billion.
And Arizona’s billionaire bench goes even deeper. Just outside the Top 10 are Peter Sperling at $2 billion; Jahm Najafi and Rick Smith at $1.7 billion each; George Christ and family at $1.5 billion; and Ken Kendrick at $1.2 billion.
Perhaps most striking is the diversity of industries represented. Arizona’s biggest fortunes have emerged from automotive businesses, cybersecurity, professional sports, transportation, technology, investments, food and beverage, and education.
