California: Billionaire George Joseph Pushes Ballot Prop - Again

Fri, Feb 10 2012 — Source: Forbes

In California, the rule of politics is sometimes “one man, one ballot proposition.”

Pretty much by himself, billionaire George Joseph is financing an initiative governing insurance rates.

As the chairman and largest stockholder of Mercury General Corporation, an insurance company that does most of its business in California, Joseph has deep pockets. Forbes estimated his net worth at $1.1 billion in September.

Read more at Forbes.