Broadcom Billionaires

THE MONEY: Sole trustee of the Nicholas Technology Holding Trust, which was reported to hold about $1.8 billion in Broadcom stock at time of its 2016 sale to Avago Technologies. Shares have nearly tripled in price since then.


THE MONEY: Startup electric-vehicle builder, with nearly $8 billion in funding since 2009, most of it in past three years.


THE MONEY, PART I: Oculus, a maker of virtual reality hardware and software products Luckey founded in 2012, was bought by Facebook in 2014 for $3 billion. It was one of the fastest-ever multibillion-dollar exit transactions on record.


THE MONEY: Orange County’s largest consumer electronics maker, and among OC’s largest private companies by sales. Maker of well-known flash memory products, solid-state drives, and other computer-related items.


THE TECHNOLOGY: Founder of Mobilitie, the largest privately held telecommunications infrastructure firm based in the U.S.

Car Town

THE PARENT CO: Owns Tempe, Ariz.-based DriveTime, reported to be the fourth-biggest used car retailer in the country with nearly 150 locations.


THE MONEY: Taylor is the “T” in TGS, an extremely secretive quant hedge fund with offices in Irvine.


THE MONEY: Multiple businesses built, then sold, including cabinetmakers Perma-Bilt Industries and RSI Home Products, as well as homebuilder RSI Communities.


THE MONEY: Sisters who are the granddaughters of late oil tycoon J. Paul Getty.


THE MONEY: Known as the “Bond King” for building Pimco into one of the world’s biggest money managers; it now has $2.2 trillion. Departed in 2014 in acrimonious split; has since reconciled. Retired in 2019.

Real Estate’s Returns

THE MONEY: The country’s wealthiest real estate owner. Heads Orange County’s largest real estate company, with one of the largest portfolios of apartments and office buildings in California, among other notable holdings.

Real Estate’s Returns

THE MONEY: Orange County’s second-biggest commercial property owner based here.

Family Fortunes

THE MONEY: The founders of home networking company Linksys Group Inc. Victor led product development and all company operations, while Janie led sales and business growth. Developed the first affordable broadband router, allowing consumers to connect all their Internet devices up to one broadband line.

Family Fortunes

THE MONEY: Family controls a sizeable stake in W.W. Grainger (NYSE: GWW), a supply company from Lake Forest, Ill., valued at about $24 billion. Beneficial ownership of company shares predates Grainger’s IPO in 1967.

Family Fortunes

THE MONEY: Different branches of the Segerstrom family operate C.J. Segerstrom & Sons and HTS Management, real estate development and management firms that run some of Costa Mesa’s most valuable commercial properties, including famed South Coast Plaza.

Laguna Beach’s Reach

THE MONEY: With brother Lorenzo, bought mixed martial arts promoter UFC for $2 million in 2001; cashed out in 2017 when UFC had a $5 billion valuation; each brother reported to have 40.5% stake in business. Took family’s casino business, Red Rock Resorts, public in 2016; the brothers own Las Vegas’ Station Casinos now valued at about $1.3 billion.

Laguna Beach’s Reach

THE MONEY: Invented cancer drug, Abraxane, which is used to treat pancreatic cancer. Initial fortune from sale of drugmaker Abraxis Bioscience for $3.8 billion in 2010 and the $4.6 billion sale in 2008 of his generic drug business APP Pharmaceuticals.

Laguna Beach’s Reach

THE MONEY: Won half of Bond King Bill Gross’ estimated $3 billion wealth in 2017 divorce.

Midday Stock Roundup

Kaiser Aluminum falls on Q2 miss; RGP up on Q4 beat

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South Coast College: A Female Entrepreneur Success Story

Life is never easy. Business is never easy, but despite the challenges, I have never regretted my decision

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Alere Goes Electric: Inks Tesla for New IE Facility

San Bernardino Lease Runs Nearly 322K SF

Alere capitalizing in Orange County, recently acquiring two industrial facilities in separate deals topping $35 million

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New Vision, Big Heart

Velcro Valley vet, Element founder Johnny Schillereff has a new skateboard co. and a huge Target deal

The Heart Supply quickly built a following since 2020 launch, distribution deal with Target announced

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Sares Regis Sells Surf City Buildings

2 Buildings Near Former Boeing Development Site

Sares Regis has taken a pause from adding to its Surf City portfolio

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Cash-Flush Kajabi Adds Podcasts to Mix

Expansion Comes As EdTech Market Grows

Kajabi recently boosted its mix of offerings for businesses; generated $1 billion in revenue over the past 12 months

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Just Food for Dogs Revamps Exec Team

RETAIL: New CEO, CFO; funding deal on tap

Rapid growth creating potential for an initial public offering; other options being considered as demand increases

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Digital Agency Rareview Reports Uptick in Work

Counts Z Supply As Key Client

New work from big names for Rareview as sales and revenue continue to increase

Imaging Giant Alliance Healthcare Sells for $820M

HEALTHCARE: Florida’s Akumin taking ownership

Alliance Healthcare is about to become an even bigger powerhouse in the radiology and oncology industries

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One Medical Grows Primary Care Membership in OC

Fifth Local Office; 100th Office Milestone

Entered Orange County just a year ago, expansion continues with fifth office that opened in June

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Cataract-Focused RxSight Eyes IPO for Expansion

DEVICES: VC heavyweight Bill Link on board, IntraLase ties

RxSight has its sights set on becoming Orange County’s next big public company in the ophthalmology sector

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Women-Owned Businesses Hold Their Own

2020 Revenue for Top 42 Firms Totals $3.8B

Women-owned businesses are holding their own in Orange County, fighting back against pandemic losses with growth and resilience

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Food & Shelter

When the opportunity arose to take the top spot at Just Food for Dogs, it was an easy choice for private equity executive Julian Mack

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Record Price Paid for Brea Apartments

REAL ESTATE: $108M for La Floresta complex

Apartment market demand continues to increase as largest reported apartment deal in Brea in over a decade takes place

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Family-Owned Business Winners Adapt, Expand

Drive-Thrus, Booze, EVs Make for a Winning Year

The Business Journal is scheduled to present the annual Family-Owned Business Awards on Aug. 26 at the Irvine Marriott

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Irvine’s J+R Group Buys Dental Co. HQ

OFFICES: Irvine creative building trades for $34M

J+R Group's first local buy in years is the largest reported single-building office transaction in Irvine so far this year

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Old Towne Orange Gets New Life Under Bosscat

RESTAURANTS: Rod’s Liquor revamp; Irvine move

Rod’s Liquor was a fixture in Old Towne Orange for more than 70 years before it closed in early 2020

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Synoptek Boosts Comms Work With Buy From Irvine’s Juxto

IT Consulting, Services Firm Optimistic for 2021

Acquisition boosts real-time communications offerings for Synoptek; post-pandemic numbers showing promise

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Energy Co. Sunworks Moves Unit to Tustin

Strengthens OC As Hub for Solar, Batteries

Clean energy initiatives are growing in Orange County as Sunworks makes strategic office move

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