Monday 8 October 2012

Real Estate Billionaires on Forbes’ List

While they may not be Nigerians or tenants at Extell Development’s One57 (a.k.a ”future home of the big hitters”), these New York real estate billionaires have set themselves apart from the rest simply by making Forbes’ “Richest People in America List.”

The honor of the richest real estate man–or men–in New York City goes to Richard LeFrak and Blackstone’s Stephen Schwarzman, both of whom were tied at number 63 on the Forbes 400. While Mr. Schwarzman largely owes his $5.2 billion fortune to private equity, the Blackstone Group has become a dominant force in the real estate world. This summer it announced it would be selling off most of its U.S. office portfolio, valued at $55 billion.

Mr. LeFrak and his family have LeFrak City, an apartment complex in Elmhurst, and a 16 million-plus square foot portfolio of commercial, retail, and residential properties in Newport, NJ. Mr. LeFrak has also extended his real estate reach in the past year by snapping up the Gansevoort hotel in Miami and buying properties in California, Oregon and Washington. His fortune is also valued at $5.2 billion.

Rounding out the list: Stephen Ross of The Related Companies (and The Miami Dolphins) was ranked #83 with a fortune valued at $4.4 billion. Hartz Mountain Industries’ Leonard Stern, who owns more than 38 million square feet of commercial, retail and residential properties in New York and New Jersey, was #89 at $4.2 billion.


Legendary (and litigious) landlord Sheldon Solow made it to #113 at $3.5 billion.

Celebrity real estate mogul (and father-in-law to The Commercial Observer’s publisher Jared Kushner) Donald Trump was #128 on the list with a fortune worth $3.1 billion. He also made it #14 on Forbes’ list of “Most Powerful Celebrities” earlier this year. John Catsimatidis of Gristedes fame (there’s a lot of money in the supermarket chain’s real estate) was #132 at $3 billion.

Tishman Speyer’s Jerry Speyer was tied with Mr. Catsimatidis at #132, and was also worth an estimated $3 billion.

Mort Zuckerman, of Boston Properties and The New York Daily News, was #190 at $2.4 billion.

Times Square landlord Leon Charney was valued at $1.2 billion, good enough to get him to #360 on the Forbes list.

Finally, fertilizer and real estate billionaire Alexander Rovt made it to #388, amassing a modest $1.15 billion fortune.

Thanks: http://commercialobserver.com/2012/09/real-estate-billionaires-on-forbes-list/

30 comments:

  1. Replies
    1. americandestinyrealty.com is a world most popular realtor company and we already achieve various types of honour from government of U.S. cause only for our business strategy and in here our short sale agent's play an important role cause without them it's quit impossible to run this business. So thank's to our highly qualified short sale agent's for make a shining position in real state market.

      Delete
  2. This what we need before buying any properties for sale. I am blessed to visit your blog because I've learned this tips. Thanks for posting this information.

    koh samui real estate

    ReplyDelete
  3. Hi, Nice post thanks for sharing. Would you please consider adding a link to my website on your page. Please email me back.

    Thanks!

    Randy
    randydavis387@gmail.com

    ReplyDelete
    Replies
    1. Searching for waterfront home for sale, our Real Estate company offers a fine selection including waterfront home for sale lakefront homes, lake view property, riverfront property, coastal, oceanfront, beachfront and properties on the lake. Whether you're searching for homes, houses, condos or lots,find your escape waterfront home for sale.

      Delete
  4. Latest and up to date real estate information, well I like it. Please share similar information with people.

    Singapore Condominium

    ReplyDelete
  5. Our short sale agent already proves that they are not only good they are the best short sale agent of 2012.Cause they are not think about their profit also think about full-fill our client's desire.

    ReplyDelete
  6. Atlantic Development Group

    Great post, you have pointed out some superb details, I will tell my friends that this is a very informative blog thanks.

    ReplyDelete
  7. I learned lot of new things which explores my knowledge in various developments.So i must appreciate your efforts on posting these information.
    course in real estate

    ReplyDelete
  8. York real estate billionaires have set Dubai property rentals themselves apart from the rest simply by making Forbes’ “Richest People in America List.”

    ReplyDelete
  9. The post is written in very a good manner and it entails many useful information for me. I appreciated what you have done here. I am always searching for informative information like this. Thanks for sharing with us.
    RES

    ReplyDelete
  10. Congratulations Admin! Thank you so much for taking the time to share this exciting information.
    workspacesearch.com

    ReplyDelete
  11. orbes Billionaires List: China's Billionaire Auto Entrepreneurs ... Xinjiang, a conglomerate with large energy and real estate businesses. buy my note

    ReplyDelete
  12. Billionaire real estate developer Hui Ka Yan for a second consecutive year has topped the latest annual list of China’s top philanthropists published by Forbes China, the licensed China-language edition of Forbes. click here

    ReplyDelete
  13. Assembling a team of professionals to address the environmental, economic, physical and political issues inherent in a complex development project is critical. A developer's success depends on the ability to coordinate the completion of a series of interrelated activities efficiently and at the appropriate time.
    Glendale AZ real estate

    ReplyDelete
  14. My friend mentioned to me your blog, so I thought I’d read it for myself. Very interesting insights, will be back for more! A10 Capital

    ReplyDelete
  15. It is our duty to make use of our Real Estate Investing Australia more better. We should have a plan every time on how we get successful. We must know what are the ways on how we can be effective.

    http://real-estate-in-australia.blogspot.com/2013/08/Property-Investment-Mackay.html

    ReplyDelete
  16. I admire them all! They are a good model and a best influence for everyone.
    Manhattan eye doctors

    ReplyDelete
  17. I didn't know all of them but I admire them. They are a good example of hard working and achieving goals despite of so many hindrances and trials in life.

    Eye doctors East Side NY

    ReplyDelete
  18. Apartment for sale in javea
    I would like to thank you for the efforts you have made in writing this article. I am hoping the same best work from you in the future as well. In fact your creative writing ability has inspired me.

    ReplyDelete
  19. Thanks for post. I keep more interesting publications. Been following blog for five days now and I should say I am beginning to like your article this site.
    Web Developers Bangalore

    ReplyDelete
  20. We have to control our duties and responsibility as an agent in Property Investing. Its important that we do good things in order for our business to succeed. Always try to have good understanding on our business to ensure that we will create an opportunity towards our future in real estate.

    http://property-investment-portfolio.blogspot.com/2013/06/property-investment-points-to-consider.html

    ReplyDelete
  21. Good real estate guys help clients in every way while looking for a new place to move. Everyone would want their property manager to be professional and competent.
    Arizona Luxury Real Estate

    ReplyDelete
  22. Very good blog. As Lucknow is also on boom in real estate sector so it is the good time to invest in property in lucknow.BBD Green City | +91-9235322200

    ReplyDelete
  23. I learned lot of new things which explores my knowledge..and i enjoyed
    Luton airport parking

    ReplyDelete
  24. Matthew 13
    [9] Who hath ears to hear, let him hear.

    Revelation 13
    [9] If any man have an ear, let him hear.


    DON'T CLICK HERE !

    CLICK HERE !
    >>>>>>>>>>>>>>>>>>>>>>>>>>>
    NEW TESTAMENT BIBLE STUDY
    <<<<<<<<<<<<<<<<<<<<<<<<<<<<<


    Billionaires are BRILLIANT !

    scratchwiththechickens@gmail.com
    seeking benefactor

    !

    ReplyDelete
  25. People say they get into real estate for ‘freedom,’ but if you have a lot of freedom, you’re probably not selling any houses. Visit for more Detail: Prestige and Village

    ReplyDelete