The 10 richest billionaires in Arizona, ranked for 2026
The richest billionaires in Arizona in 2026 are led by Ernest Garcia II at $21 billion, followed by George Kurtz ($11.8 billion) and Ernest Garcia III ($9.9 billion), according to Forbes data cited by AZ Big Media. Together, Arizona's top 10 billionaires are worth $69.1 billion as of June 18, 2026. The list spans used cars, cybersecurity, U-Haul, professional sports, and web hosting — a snapshot of how wealth concentrates in the Grand Canyon State amid rapid population growth.
Key Takeaways
- Ernest Garcia II tops Arizona's billionaire rankings at $21 billion, nearly double the No. 2 fortune.
- The Garcia family holds two of Arizona's three largest billionaire fortunes, both tied to used cars.
- Arizona's 10 richest billionaires collectively hold $69.1 billion in estimated net worth.
- Industries behind the fortunes include automotive businesses, cybersecurity, U-Haul, sports, and web hosting.
- Five more billionaires sit just outside the top 10, including Peter Sperling and Ken Kendrick.
Who Is the Richest Billionaire in Arizona?
Ernest Garcia II sits at No. 1 with an estimated $21 billion fortune, according to AZ Big Media. His wealth is tied largely to the used-car business, and he lives in Tempe. Garcia holds nearly twice the net worth of Arizona's second-richest resident.
George Kurtz ranks second at $11.8 billion. The technology entrepreneur built his fortune in security software and resides in Paradise Valley. Ernest Garcia III rounds out the top three at $9.9 billion from Phoenix — giving the Garcia family two of the state's three biggest billionaire fortunes, both rooted in used cars.
How Did Arizona's Top Billionaires Build Their Fortunes?
Used cars dominate the upper ranks, but Arizona's billionaire class draws from a wide mix of industries. Arturo Moreno ($5 billion) turned billboard success into a prominent professional sports ownership stake through the Los Angeles Angels. Mark Shoen ($4.5 billion) and E. Joe Shoen ($4 billion) both owe their wealth to U-Haul.
Bob Parsons, the GoDaddy founder living in Scottsdale, holds an estimated $4.1 billion from web hosting and technology. Stewart Horejsi and family ($4 billion) built their fortune tied to Berkshire Hathaway. Bennett Dorrance ($2.5 billion) connects to Campbell Soup, while Jerry Moyes and family ($2.3 billion) earned their wealth in transportation and logistics from Tolleson.
Who Rounds Out Arizona's Top 10 Billionaires?
Positions four through ten show how diverse Arizona's wealth landscape has become. Moreno, both Shoens, Parsons, Horejsi, Dorrance, and Moyes span billboards, moving trucks, web hosting, long-term investing, pantry staples, and freight — industries that rarely overlap elsewhere on a single state ranking.
Just outside the top 10, Peter Sperling holds $2 billion, while Jahm Najafi and Rick Smith each sit at $1.7 billion. George Christ and family are worth $1.5 billion, and Ken Kendrick rounds out the extended list at $1.2 billion. For broader context on U.S. wealth trends, see our Net Worth & Wealth coverage.
Why Does Arizona's Billionaire Ranking Matter in 2026?
Collectively, the 10 richest billionaires in Arizona are worth $69.1 billion — concentrated firepower in a state better known for sunshine and population growth than finance. The ranking reflects Forbes net-worth estimates as of June 18, 2026, and underscores how a handful of entrepreneurs shape Arizona's economic identity.
Perhaps most striking is the industry diversity. Fortunes have emerged from automotive businesses, cybersecurity, professional sports, transportation, technology, investments, food and beverage, and education. As Arizona continues to grow, these billionaires — and the businesses behind them — remain central to the state's economic story.