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No. 5
Ted Waitt
Founder chairman and CEO, Avalon Capital Group Inc.
Estimated net worth: $1.7 billion
Ted Waitt, 43, founded the computer company Gateway Inc. in Iowa in 1985, and moved its headquarters first to San Diego and later, to Poway. Last year, he left the company now based in Irvine.
In 1984, Waitt dropped out of the University of Iowa's business management program and took a job at...
