Arizona, with its booming real estate market, tech migration, and growing sports and healthcare sectors, has quietly become a magnet for ultra-wealthy individuals. Cities like Scottsdale, Paradise Valley, and Phoenix are now home to billionaires who influence national industries.
Here are the Top 10 Richest People in Arizona in 2025, based on Forbes data, business filings, and regional wealth assessments.
1. Ernest Garcia II – $6.3 Billion
Source of Wealth: DriveTime Automotive Group
Residence: Tempe, AZ
Ernest Garcia II made his fortune through DriveTime, a used car retailer and financing firm. He’s also the early backer of Carvana, which was founded by his son. Despite recent market shifts, he remains Arizona’s richest individual.
2. Ernest Garcia III – $2.4 Billion
Source of Wealth: Carvana
Residence: Phoenix, AZ
Son of Garcia II, Ernest Garcia III is the founder and CEO of Carvana, the e-commerce platform for used vehicles. His net worth has fluctuated with Carvana’s stock but remains in the multi-billion-dollar range.
3. Mark Shoen – $2.1 Billion
Source of Wealth: U-Haul, AMERCO
Residence: Phoenix, AZ
Mark Shoen is the largest individual shareholder of U-Haul, the moving and storage giant founded by his family. His fortune is tied to AMERCO, U-Haul’s parent company, making him one of Arizona’s most powerful industrialists.
4. Bob Parsons – $1.9 Billion
Source of Wealth: GoDaddy, YAM Worldwide
Residence: Scottsdale, AZ
Parsons founded GoDaddy, the web hosting and domain registrar. After selling his stake, he launched YAM Worldwide, investing in real estate, golf courses, motorcycles, and philanthropy.
5. George Kurtz – $1.4 Billion
Source of Wealth: Cybersecurity (CrowdStrike)
Residence: Paradise Valley, AZ
Kurtz, co-founder and CEO of CrowdStrike, is a cybersecurity billionaire who relocated to Arizona. His company is one of the most valuable cybersecurity firms in the world, benefiting from AI and enterprise demand.
6. Jerry Moyes – $1.1 Billion
Source of Wealth: Trucking (Swift Transportation), Sports
Residence: Phoenix, AZ
Founder of Swift Transportation, Moyes also had stakes in the Arizona Coyotes NHL team and continues to invest in logistics, ranching, and hospitality.
7. Arturo Moreno – $960 Million
Source of Wealth: Outdoor Advertising, MLB (LA Angels)
Residence: Phoenix / Anaheim, CA
Moreno became the first Mexican-American to own a major sports franchise when he purchased the Los Angeles Angels. A former billboard advertising magnate, he resides part-time in Arizona and manages sports and media ventures.
8. Steven Hilton – $850 Million
Source of Wealth: Homebuilding (Meritage Homes)
Residence: Scottsdale, AZ
Co-founder and former CEO of Meritage Homes, Hilton helped build one of the largest publicly traded homebuilders in the U.S. His fortune is tied to Arizona’s real estate boom.
9. Jeffrey Guldner – $700 Million
Source of Wealth: Energy (Arizona Public Service / Pinnacle West Capital)
Residence: Phoenix, AZ
CEO of Pinnacle West Capital, the parent company of Arizona Public Service, Guldner has guided major expansions in clean energy infrastructure and has significant holdings in utility equity.
10. Jerry Colangelo – $600 Million
Source of Wealth: Sports, Real Estate
Residence: Phoenix, AZ
Colangelo is a sports and business legend in Arizona. He helped bring the Phoenix Suns, Diamondbacks, and other teams to prominence. He also developed major real estate and community projects across Phoenix.
Summary Table
| Rank | Name | Net Worth (2025) | Source of Wealth | Residence |
|---|---|---|---|---|
| 1 | Ernest Garcia II | $6.3B | DriveTime | Tempe |
| 2 | Ernest Garcia III | $2.4B | Carvana | Phoenix |
| 3 | Mark Shoen | $2.1B | U-Haul | Phoenix |
| 4 | Bob Parsons | $1.9B | GoDaddy, YAM | Scottsdale |
| 5 | George Kurtz | $1.4B | CrowdStrike | Paradise Valley |
| 6 | Jerry Moyes | $1.1B | Swift, Coyotes | Phoenix |
| 7 | Arturo Moreno | $960M | Outdoor Ads, MLB | Phoenix |
| 8 | Steven Hilton | $850M | Meritage Homes | Scottsdale |
| 9 | Jeffrey Guldner | $700M | Energy | Phoenix |
| 10 | Jerry Colangelo | $600M | Sports, Real Estate | Phoenix |
Final Thoughts
Arizona’s richest individuals span industries from e-commerce and cybersecurity to real estate and sports. As the state attracts tech companies and luxury development, expect new billionaires to emerge from Phoenix and Scottsdale’s booming innovation scene.
