L.A. Angels owner Arturo Moreno is Arizona's wealthiest resident

State of play: Moreno, a Tucson native, made his fortune co-founding billboard company Outdoor Systems, which sold to Infinity Broadcasting in an $8.3 billion deal in 1999, Forbes reports.

By the numbers: In 2003, he became the first Mexican-American Major League Baseball owner when he purchased the Angels for $184 million.

• His current estimated net worth is $4.8 billion.

The intrigue: Moreno surpassed last year's richest Arizonan Ernest Garcia II, the owner of DriveTime and largest shareholder of Carvana.

• Garcia and his son and fellow billionaire Ernest Garcia III suffered major losses as Carvana stock plummeted 97% last year, Entrepreneur reported.