Here is real estate’s highest-paid CEO

Northstar Realty's David Hamamoto made $75M in 2014

TRD New York /
Jun.June 22, 2015 09:01 AM

NorthStar Realty Finance CEO David Hamamoto was the highest-paid chief executive in the real estate industry last year, raking in nearly $74 million from two real estate investment trusts he runs.

Hamamoto raked in more than $60 million for his role at NorthStar, which manages more than $19 billion worth of hotels, Crain’s reported. NorthStar Asset Management, a firm he spun off to shareholders last year, paid him about $14 million.

However, Hamamoto was not the highest paid real estate executive overall. Blackstone’s head of real estate, Jonathan Gray, made $206 million last year between salary, bonuses, and profit-sharing. However, he did not make the Crain’s Fortune 100 list of best paid CEOs, since he is not a chief executive.

Outsize compensation for real estate executives is increasingly common. Last year, three of the top ten highest-paid CEOs of publicly traded companies owed their fortunes to the real estate industry.

In August, NorthStar agreed to purchase Griffin-American Healthcare REIT for $4 billion. [Crain’s] — Tess Hofmann


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Jeff Bezos (Getty, iStock)

“We are erring on the side of having too much capacity”: Amazon reports massive Q3

“We are erring on the side of having too much capacity”: Amazon reports massive Q3
Bob Sulentic (Getty, iStock)

CBRE income falls nearly 10%

CBRE income falls nearly 10%
From left: Paramount CEO Albert Behler, 1301 6th Avenue, 712 5th Avenue, 31 West 52nd Street (Getty; Google Maps)

Paramount Group back at work, but tenants waiting until 2021

Paramount Group back at work, but tenants waiting until 2021
Zillow's Rich Barton (iStock)

Zillow cuts 80 jobs from iBuying biz

Zillow cuts 80 jobs from iBuying biz
Caliber Home Loans CEO Sanjiv Das and AmeriHome CEO Jim Furash (Photos via Caliber Home Loans; AmeriHome; iStock)

Two mortgage companies delay IPOs amid market volatility

Two mortgage companies delay IPOs amid market volatility
arrow_forward_ios

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

Loading...