How These Arizona Billionaires Stack Up On The 'Forbes 400'

How rich are the richest Arizonans?

Forbes released the 41st edition of its 400 wealthiest Americans list and a good chunk of them are from the Lone Star State. If you add up the net worth of all the billionaires on this list, it'll total over $4 trillion — which is $500 billion less than last year. The minimum net worth needed to make the cut dropped for the first time since the Great Recession (2007-2009), Forbes said of its 2022 rankings.

How was this list calculated? Simply put, Forbes used stock prices from September 2, 2022. A more detailed explanation can be found here.

Overall, the top dog is Elon Musk with a net worth of $251 billion thanks to Tesla and SpaceX. Up next is Amazon founder Jeff Bezos at a cool $151 billion. Bill Gates comes in at No. 3 on the list with a net worth of $106 billion.

Here's a look at the 5 richest billionaires in Arizona and where they got their fortune:

1. Mark Shoen, U-Haul — $4.8 billion
2. Ernest Garcia II, Carvana — $4.3 billion
3. Arturo Moreno, Los Angeles Angels — $4.1 billion
4. E. Joe Shoen, U-Haul — $4 billion
5. Bob Parsons, GoDaddy — $3.4 billion

Check out the full report here.