The new Forbes 400 list of the richest Americans is out, and San Francisco seems to be doing just fine, thank you. This city — which can’t fund decent services for the homeless, which runs a structural budget deficit every year because it can’t raise enough revenue to cover basic city functions — has 14 billionaires.
They run from Larry Page (Google) at $15.8 billion to poor old Walter Shorenstein, who barely makes the cut at $1.3 billion.
And they are a reminder that this is a very rich city that can afford to do a lot better for its poorest people.
Here’s the list:
Larry Page (Google)
Steven Roberts (leveraged buiyouts)
Riley Bechtel (Bechtel)
Steven Bechtel Jr.(Bechtel)
Ray Dolby (Dolby)
Gordon Getty (oil)
William Randolph Hearst III (Hearst)
John Pritzker (hotels)
John Fisher (Gap)
Robert Fisher (Gap)
Thomas Steyer (finance)
William FIsher (Gap)
Don Fisher (Gap)
Doris Fisher (Gap)
Walter Shorenstein (real estate)
Let’s remember those names next time the mayor says the city doesn’t have enough money.