PHOENIX - The inaugural list of the richest families in America was released by Forbes and three Arizonan families are on it, however, the wealthiest Arizona resident didn't make the list.
Bruce Hale, founder of Scottsdale-based Discount Tire, is the wealthiest Arizonan but didn't make the list because Forbes left out self-made entrepreneurs who founded their companies and who already appear on the Forbes 400 with their family, according to the Phoenix Business Journal.
Aside from Hale the Arizona families who did make the list include the Shoen family, Sperling family and the Stewart family, who all have a wealth of more than $1 billion.
The Shoen family founded U-Haul, a moving equipment and storage rental company. The family has a combined wealth of $6.8 billion and is ranked number 39 on the Forbes list.
The Sperling family is the next Arizona family on the list at 108th overall with a wealth of $2.1 billion. John Sperling, founded the University of Phoenix in 1973.
The final family on the list is the Stewart family, who ranked 164th overall on the Forbes list. They founded Services Group of America and their wealth is $1.2 billion.
The Forbes list includes many factors when it lists where a family is located. It includes such things as where the company headquarters and multiple family members live.
For example, neither the Dorrance family of Campell Soup Company, nor the Walton family of Wal-Mart Stores Inc. were included as Arizonans, even though both families have family members who either live or work in Arizona.
Bennett Dorance is a partner in a Scottsdale-development firm and Rob Walton is a part-time resident of the Valley.