PHOTOS: The 10 Wealthiest Angelenos
share this story
Via the Los Angeles Business Journal, many of LA's wealthiest residents who suffered enormous blows to their bank accounts due to recent economic tumult are bouncing back better than ever, even increasing their net worth in the past year. According to Lon Morton, chief executive of investment adviser for the Calabasas based Morton Capital Management, "What you're seeing is more of a return to normalcy...We've come back a long way from where we were." Check out LABJ's latest list of LA's 50 Wealthiest People.