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

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

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

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

Hamptons’ priciest summer rental to host MAGA extravaganza next month

Hamptons’ priciest summer rental to host MAGA extravaganza next month

RCP CEO Richard O’Toole and Related CFO David Zussman (Credit: O’Toole via Westchester Magazine and Zussman via Related)

Related tries to calm Israeli investors after market panic

Related CEO Stephen Ross (Credit: Ross by Arturo Holmes/Getty Images; Wikipedia Commons)

Related’s Israeli bonds worry auditors as crisis worsens

President Donald Trump (Credit: Drew Angerer/Getty Images; iStock)

In a bid to boost the economy, Trump may give new life to EB-5 program

President Donald Trump and HUD secretary Ben Carson (Photo by MANDEL NGAN/AFP via Getty Images)

Trump suspends HUD evictions, foreclosures amid coronavirus pandemic

Transportation Secretary Elaine Chao and Penn Station (Credit: Samuel Corum/Getty Images; Metropolitan Transportation Authority / Aaron Donovan)

Gateway tunnel faces more delays from Trump administration