Mo Honarkar, left

Mo Honarkar, left

Founder, CEO, 4G Ventures, Laguna Beach Co.

WHY: Iranian immigrant built, sold local cellphone store chain; now the largest private real estate owner in longtime hometown of Laguna Beach. Estimated wealth of $500M.

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RECENT: Massive redevelopment of collection of city properties in early stages of planning. $1B project would include mix of new and redeveloped boutique hotels, hotel casitas, apartments, art and education-related space and other commercial projects.

QUOTABLE: Says plans for iconic Hotel Laguna is to “restore it to its original look,” while also adding a pool, rooftop bar and casitas.

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