Ernest Rady is a self-made billionaire. Founded and headed several San Diego companies, including American Assets (founded in 1966), a developer of commercial and residential real estate, and Insurance Co. of the West. He is also chairman and chief executive of Westcorp, a financial services company in Irvine. Most of wealth tied up in Westcorp, holding company for Western Financial Bank and WFS Financial, one of the nation's largest automobile finance companies.
He is married and has 3 children. Education: University of Manitoba, Doctor of Jurisprudence.
$1.5 billion as of 2005.