Wealthiest Angelenos: 49, Richard “Ric” Kayne

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NET WORTH: $1.19 billion, up 10 percent

LAST YEAR: $1.08 billion

AGE: 70

RESIDENCE: Santa Monica

SOURCE OF WEALTH: Private equity, investments

THE MONEY: Majority owner of Kayne Anderson Capital Advisors, Century City investment firm with about $28 billion in assets under management. Firm big player in energy pipeline and infrastructure business. Interests in mezzanine debt, tech and traditional private equity.

BUZZ: Known around town for some time for luxury lifestyle. He and late investment icon John Anderson put up initial money for Kayne Anderson Capital Advisors in Century City. Owns airplane and yacht named SuRi, from first letters of Kayne and wife Suzanne’s first names. Riviera Country Club member building course on 570 acres he owns in New Zealand. Donated $50,000 to former presidential candidate Mitt Romney’s PAC in last election. Kayne Family Foundation donated to new media center for KCRW on campus of Santa Monica College.

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