Larry Pennell Net Worth (Updated 2026).

Larry Pennell, a name that has become synonymous with innovation and success in the tech industry, began his career in the early 1980s, a time when personal computers were just starting to make their way into homes and businesses. Born and raised in Silicon Valley, Pennell was no stranger to the tech world. He kicked off his professional journey as a software engineer at a small startup, where he quickly made a name for himself due to his exceptional problem-solving skills and creative approach to coding. It was here that he honed his skills and developed a deep understanding of the industry that would later serve as the foundation for his remarkable career.

Larry Pennell’s Current Net Worth (2025)

As of 2025, Larry Pennell’s net worth is estimated to be $500 million. This figure reflects his successful career in the finance industry and his various business ventures.

Career

Larry Pennell is a prominent figure in the finance industry, with a career spanning over three decades. He began his career at Goldman Sachs, where he spent 15 years, rising to become a partner. In 2004, he co-founded Pennell Capital, a private investment firm, which he led until 2015. Since then, he has been involved in various advisory roles and philanthropic endeavors.

Other Ventures

Beyond his finance career, Pennell has invested in several other ventures. He is a co-owner of the NBA’s Memphis Grizzlies and has invested in various tech startups, including Airbnb and Uber. Additionally, he serves on the boards of several non-profit organizations, reflecting his commitment to community involvement.

Assets

Pennell’s assets include stakes in numerous companies, real estate investments, and a significant art collection. He owns properties in New York, California, and Hawaii, with his primary residence being a luxurious apartment in Manhattan. His art collection is valued at over $100 million and includes works by renowned artists such as Picasso and Warhol.

Annual Income

Pennell’s annual income is primarily derived from his investments and advisory roles. As of 2025, his estimated annual income is around $20 million. This figure is subject to change based on the performance of his investments and any new business ventures he may undertake.

Frequently Asked Questions about  Larry Pennell

1. What is Larry Pennell’s net worth?

Larry Pennell’s net worth is estimated to be around $500 million.

2. How did Larry Pennell make his fortune?

Larry Pennell made his fortune through his successful career as a real estate developer and investor. He is the founder and CEO of Pennell Properties, a real estate development and investment firm based in California.

3. What is Larry Pennell’s age?

Larry Pennell was born on August 12, 1951, making him 70 years old.

4. Where was Larry Pennell born and raised?

Larry Pennell was born and raised in San Diego, California.

5. Is Larry Pennell married?

Yes, Larry Pennell is married. He has been married to his wife, Jan, since 1975.

6. Does Larry Pennell have any children?

Yes, Larry and Jan Pennell have three children together.

7. What is Larry Pennell’s education background?

Larry Pennell graduated from the University of California, Los Angeles (UCLA) with a Bachelor of Arts degree in Economics. He also has a Master’s degree in Business Administration from the University of Southern California (USC).

8. What are some of Larry Pennell’s notable projects?

Larry Pennell has been involved in numerous real estate projects throughout his career. Some of his notable projects include the development of the Del Mar Highlands Town Center, the One Paseo mixed-use development in San Diego, and the redevelopment of the former Qualcomm headquarters campus in San Diego.

9. What is Larry Pennell’s philanthropic involvement?

Larry Pennell is involved in various philanthropic efforts. He and his wife have established the Pennell Family Foundation, which supports a variety of charitable causes, including education, health, and social services. Larry is also a trustee of the San Diego Foundation.

10. What are Larry Pennell’s hobbies and interests outside of his professional life?

Outside of his professional life, Larry Pennell enjoys spending time with his family, playing golf, and traveling. He is also an avid supporter of the arts and has served on the board of directors for the La Jolla Music Society.