Eight Arizona billionaires on Forbes’ latest list of richest Americans

By Jeff Gifford | Phoenix Business Journal

Eight Arizonans appear on Forbes’ latest list of the 400 richest people in America, and more than half of them saw their wealth increase during a year marked by the global Covid-19 pandemic.

Of that group, Carvana founder Ernest Garcia II and his son, Carvana CEO and co-founder Earnest Garcia III were the wealthiest, with net worths of $9.6 billion and $4.2 billion, respectively. That’s a jump from $5.7 billion and $2.3 billion, respectively, in 2019.

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