The Real Deal New York

8 NYC real estate titans who landed on Forbes 400: VIDEO

Related Cos.'s Stephen Ross highest-ranked among city-based players

October 06, 2015 02:04PM
By Kerry Barger

If you waded through the tech whiz kids, media moguls and billionaire hedge funders on the Forbes 400 list of America’s richest people, you may have spotted a few familiar faces (and one particularly bronzed face) from the New York real estate industry.

Though they haven’t earned, say, $62 billion like Warren Buffett, these New York estate powerhouses still made their mark on Forbes’ annual list. Related Cos. CEO Stephen Ross was the highest-ranked New York City-based bigwig, with a net worth of $6.7 billion. Developer Richard LeFrak was the only other titan to crack the top 100, where he was ranked just eight spots behind Ross at 79th, with a net worth of $6.1 billion.

And despite declaring a net worth exceeding $10 billion, Forbes pegged the fortune of developer-turned-presidential-candidate Donald Trump at a more modest $4.5 billion. Speculation about The Donald’s wealth predates his presidential run — an analysis of Trump’s assets by The Real Deal in June 2013 found experts estimating his net worth at around $8 billion.

For a look at the other city real estate players who landed on the Forbes 400 list, watch the video above or on The Real Deal’s YouTube page. — Kerry Barger

Video created by Uldis Dirnens.