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

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

TRD 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
(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
(iStock)

Movie theaters might not come back after all

Movie theaters might not come back after all
Tom Steyer (Getty)

Ex-candidate Tom Steyer lists SF home for $11M

Ex-candidate Tom Steyer lists SF home for $11M
The Arboretum rendering (Credit: BNP Paribas Real Estate via Bisnow)

Europe’s largest timber-frame spec office complex secures funding

Europe’s largest timber-frame spec office complex secures funding
Stripe CEO Patrick Collison (JD Lasica via Wikipedia; Unsplash)

Firms dangle big bucks to lure employees out of big cities

Firms dangle big bucks to lure employees out of big cities
Hong Kong Stock Exchange (Getty)

Chinese proptech firm Ming Yuan Cloud goes public

Chinese proptech firm Ming Yuan Cloud goes public
arrow_forward_ios

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

Loading...