Dottie Herman lands on Forbes’ “richest self-made women” list

Douglas Elliman president and CEO worth an estimated $270M, according to magazine

New York /
Jun.June 01, 2016 04:30 PM

What do Oprah Winfrey, Sheryl Sandberg, Beyoncé Knowles and Dottie Herman have in common?

They’re among the richest self-made women in the nation, according to Forbes magazine. Douglas Elliman’s president and CEO – dubbed the wealthiest “self-made woman in American real estate” – has an estimated net worth of $270 million, according to the magazine.

Herman began her career as a real estate broker at Merrill Lynch on Long Island in the 1980s, and in 1989 she purchased Prudential Long Island Realty. She expanded the firm before making a career-defining move in 2003, when she and partner Howard Lorber acquired Elliman for $72 million.

Elliman, the largest brokerage in New York City, closed roughly $22 billion in sales nationwide last year.

The ranking is Forbes’ second tally of successful female execs, and includes 60 women estimated to be worth a combined $53 billion. Diane Hendricks, who founded the roofing company ABC Supply, topped the list, with a net worth of $4.9 billion, followed by Oprah ($3.1 billion) and Judy Faulkner, CEO and founder of the healthcare software company Epic Systems ($2.4 billion).

Herman tied for the No. 54 spot with Barbara Bradley Baekgaard, co-founder of retailer Vera Bradley, edging out No. 56-ranked Beyoncé by $10 million.

Others on the list were Facebook’s Sheryl Sandberg ($1.4 billion) and Yahoo’s Melissa Mayer ($430 million), as well as Taylor Swift ($250 million) and Jessica Alba ($340 million).

Herman’s business partner, Lorber, also isn’t hurting for cash. In 2015, the Vector Group CEO’s total pay topped $42 million, up from $30 million in 2014. [Forbes]E.B. Solomont


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Co-head of Goldman’s Europe Tavis Cannell with the Paris building (Google Maps, Goldman Sachs)
Goldman Sachs spends $119M on Paris office, retail building
Goldman Sachs spends $119M on Paris office, retail building
Amazon’s “smart” way into apartment buildings is through the landlord
Amazon’s “smart” way into apartment buildings is through the landlord
Amazon’s “smart” way into apartment buildings is through the landlord
The median price for an existing home in the Phoenix area reached $399,900 in June (Getty)
Home prices continue to soar in Phoenix
Home prices continue to soar in Phoenix
Michigan coach Jim Harbaugh lists Bay Area estate for $12M
Michigan coach Jim Harbaugh lists Bay Area estate for $12M
Michigan coach Jim Harbaugh lists Bay Area estate for $12M
Met Museum among art institutions to get “green” funding
Met Museum among art institutions to get “green” funding
Met Museum among art institutions to get “green” funding
arrow_forward_ios

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

Loading...