LeFrak, Ross and Stern among wealthiest U.S. developers

New York City's top real estate tycoons valued upwards of $20 billion

TRD New York /
Mar.March 03, 2014 05:15 PM

Top dogs in New York City real estate made a strong showing in a recent roundup of the world’s wealthiest billionaires.

Topping a list in which 29 real estate heavyweights made an appearance is Donald Bren, the founder of the Irvine Company, who was valued by Forbes as the word’s 69th wealthiest person with a net worth of $14.4 billion as of this month. Bren’s portfolio covers both commercial and real estate property in lucrative West Coast property markets like Orange County, San Diego, Los Angeles and Silicon Valley. His firms also control the Hyatt Center and a portion of the UBS Tower in Chicago.

New York City-based developer Richard LeFrak was listed as the next biggest real estate billionaire, whose portfolio of dozens of New York and New Jersey properties, combined with estates in California and Washington state, bring his worth to $6.1 billion, up from Forbes’ estimate in January at $5.6 billion. He’s best known for LeFrak City, the 5,000-unit apartment complex he built in Queens, as well as the 16 million square feet of commercial, residential and retail spaces he owns in Newport.

Other New York City real estate billionaires include Stephen Ross, founder of the Related Companies and valued at $5.4 billion; Leonard Stern, valued at $4.2 billion; and Donald Trump, valued at $3.9 billion. [Forbes]Angela Hunt


Related Articles

arrow_forward_ios
Make Greenland Great Again? Trump wants to buy Arctic territory

Make Greenland Great Again? Trump wants to buy Arctic territory

Make Greenland Great Again? Trump wants to buy Arctic territory
Related's Jamar Adams and Steve Ross with 14-06 Gateway Boulevard (Credit: Getty Images and Google Maps)

Related is the latest developer to target the Rockaways

Related is the latest developer to target the Rockaways
Hamptons’ priciest summer rental to host MAGA extravaganza next month

Hamptons’ priciest summer rental to host MAGA extravaganza next month

Hamptons’ priciest summer rental to host MAGA extravaganza next month
Seven Springs in Westchester and Donald Trump (Getty; Trump Org)

Trump may throw in towel on Seven Springs

Trump may throw in towel on Seven Springs
Real Estate's guide to the 2020 election

Real Estate’s guide to the 2020 election

Real Estate’s guide to the 2020 election
Here are LA’s real estate players who donated to Biden and Trump in 2020

Here are LA’s real estate players who donated to Biden and Trump in 2020

Here are LA’s real estate players who donated to Biden and Trump in 2020
Donald Trump and the Trump National Doral golf course (Getty, Trump Hotels)

Trump’s hotels and resorts raked in millions from interest groups

Trump’s hotels and resorts raked in millions from interest groups
(iStock)

Real estate stocks bounce back amid fresh stimulus hopes

Real estate stocks bounce back amid fresh stimulus hopes
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...