Bel-Air billionaire and philanthopist John Anderson dies at 93

John E. Anderson, a billionaire Bel-Air businessman and philanthropist who founded Topa Equities Ltd. and was the namesake of UCLA's graduate school of management, died Friday morning. He was 93.

Anderson died of pneumonia at UCLA Medical Center, a family spokesperson said.

A self-made man who was ranked No. 153 on Forbes' list of the 400 richest Americans in 2010 with a net worth of $2.4 billion, Anderson was the founder, president and chief executive of privately owned Topa Equities Ltd.