Several of the world’s richest Jews have honed their fortunes in the New York City real estate market, according to a new ranking from Forbes Israel.
Israeli billionaire Eyal Ofer, the under-the-radar majority investor in some of Manhattan’s most high-profile residential developments, ranked the highest of those in real estate and 37th overall with his $6 billion fortune. Though a fair chunk of his change also comes from activity in the shipping industry, he notably invested in the Zeckendorfs’ 50 UN Plaza, 15 Central Park West and 18 Gramercy Park, as well as Rudin Management’s St. Vincent’s hospital conversion Greenwich Lane.
Malcom Glazer, president and CEO of First Allied Corporation, owner of the Tampa Bay Buccaneers and the Manchester United Football Club, came in 44th with a $4 billion fortune. Developer Leonard Stern, who recently listed his Soho penthouse for $17.25 million, came in 51st with his reported $4.2 billion, while Equity Residential’s Sam Zell, who built his fortune leveraging down-at-the-heels properties in the 1990s but has been relatively quiet as of late, came in 54th with his $4 billion.
Also on the list were Sheldon Solow, who came in 58th; developer and philanthropist Alfred Taubman at 74th; investor Mort Zuckerman, chairman of Boston Properties, at 89th; and Simon Property Group’s Herbert Simon, who came in 93rd. [Forbes Israel] — Julie Strickland