The Real Deal New York

Stakes go up for NYC’s real estate billionaires

Why fewer of them are making Forbes' list of richest Americans
By Tom Acitelli | November 13, 2012 10:00AM

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.

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]