The Real Deal New York

The Closing: Richard LeFrak

The real estate mogul on his dad’s "propaganda," his $6.6B net worth and a cabinet position in a Trump White House
By E.B. Solomont | April 13, 2016 09:30AM

Richard LeFrak (Photo: Studio Scrivo)

Richard LeFrak (Photo: STUDIO SCRIVO)

From the April issue: Richard LeFrak is chairman and CEO of the LeFrak Organization, a company started by his great-grandfather, Aaron, in 1905. LeFrak became president in 1975 and took full control of the firm in 2003 after the death of his father, Samuel. Today, the Manhattan-based business owns more than 40 million square feet of residential, office, retail and hotel properties in New York, Los Angeles, London and Miami. Locally, the LeFrak Organization controls seven Midtown office towers, Including 40 West 57th Street and LeFrak City, a massive 20-building apartment complex in Queens. [more]