Despite the Market, Real Estate Moguls Still Rank Among Richest Americans

In this market, even billionaires have taken a hit. Not enough to knock them out of Forbes’ list of the 400 richest Americans, though. Meet the top 5 real estate tycoons and find out where they stack up against their fellow $-listers.

Company: LeFrak Organization

Net worth: $4.3 billion

Portfolio: 22 million sf residential, 13 million sf commercial

Properties include: 40 w. 57th street, Lefrak City in Queens, the Newport development in Jersey City.

Trademarks: A conservative investor that pretty much sat out the market downturn. Holdings are primarily in New York and New Jersey.

Company: Hartz Group

Net worth: $3.5 billion

Portfolio: More than 38 million sf of office, industrial, hotel and retail properties.

Properties include: 667 Madison, Soho Grand, Tribeca Grand

Trademarks: Invested $10 million in the Meadowlands in the ’60s, which paid off more than 20x.

Company: Related Companies

Net worth: $3.1 billion

Portfolio: Tens of millions of sf

Properties include: Time Warner Center

Trademarks: This tax-attorney-turned real estate king purchased the Miami Dolphins last year for $1 billion.

Company: Trump Organization

Net worth: $2.4 billion

Portfolio: Several million sf–hard to count because he owns partial interest in many

Properties include: Trump Tower, 40 Wall Street, Trump International Hotel and Tower

Trademarks: The two-time Emmy nominee nearly went into bankruptcy during the last recession, which evidently taught him his lesson.

Company: Boston Properties

Net worth: $2 billion

Portfolio: 50 million sf

Properties include: GM Building, John Hancock Tower

Trademarks: Contrary to the aforementioned moguls, Boston Properties spent billions on purchases during the downturn.

Source: The Real Deal

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