search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aDavid Werner strikes $115M deal to snap up 100 Wall Street at big discountDavid Werner strikes $115M deal to snap up 100 Wall Street at big discountVornado, Rudin reveal plan for larger 350 Park Avenue projectVornado, Rudin reveal plan for larger 350 Park Avenue projectSterling Bay, JPMorgan at odds with Wells Fargo on $230M Fulton Market debtSterling Bay, JPMorgan at odds with Wells Fargo on $230M Fulton Market debt
New York

Stakes go up for NYC’s real estate billionaires

Why fewer of them are making Forbes' list of richest Americans

Click to enlarge
Click to enlarge

From the November issue: The price of entry for Forbes magazine’s list of 400 wealthiest Americans is going up. The last person on this year’s list clocked in with a net worth of $1.1 billion — which was up $50 million from last year. However, New York City’s real estate titans are (with one big exception) keeping pace.

Sign Up for the undefined Newsletter

Indeed, most of the 10 New York real estate moguls who made the list, which was released in late September, saw their net worth increase in the last 12 months. Yet one big name dropped off this year: Steven Roth of Vornado Realty Trust. [more]

Tags
BillionairesRichard LeFrakStephen Schwarzman