FOUNDER, CEO, 4G VENTURES
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.
RECENT: Massive redevelopment of collection of city properties in entitlement stages. $1B project would include mix of new and redeveloped boutique hotels, hotel casitas, apartments, art and education-related space and other commercial projects.
NOTABLE: Plans extensive renovation for iconic Hotel Laguna, which will add a pool, rooftop bar and casitas.