The Real Deal New York

NYC real estate moguls: Rich, but also generous?

November 17, 2010 10:16AM
By Peter Kiefer

From the November issue: The nine New York City real estate titans that earned ink on this year’s Forbes 400 list have a combined worth of nearly $21 billion, a sum surpassing the GDP of dozens of sovereign countries. Together, they control hundreds of millions of square feet of real estate the world over — and their collective portfolio includes several newspapers, magazines, at least one cable channel, an NFL franchise and a small fleet of private jets.
To be sure, all nine members of the Forbes list have shown extreme generosity over the years, and their names dot the city’s landscape, from the LeFrak Center at New York-Presbyterian Hospital to the Leonard Stern Business School and the Sheldon Solow Library at New York University.
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