These real estate billionaires made Forbes’ list of richest Americans

Execs on the list include Donald Trump, Stephen Ross and Jonathan Gray

TRD NATIONAL /
Oct.October 04, 2019 09:30 AM
From left: Stephen Ross, Jonathan Gray, Sheldon Solow, John Catsimatidis, Charles Cohen and Donald Trump (Credit: Getty Images, iStock)

From left: Stephen Ross, Jonathan Gray, Sheldon Solow, John Catsimatidis, Charles Cohen and Donald Trump (Credit: Getty Images, iStock)

The market may be down, but these real estate executives are doing just fine.

Almost 50 industry titans, including Stephen Ross, Charles Cohen and Jeff Greene, made this year’s Forbes 400 list, which ranks America’s wealthiest people.

Warren Buffett was tops among those with real estate chops and was number three overall, with a net worth of $80.8 billion. Other big wigs from the sector were Blackstone’s Jonathan Gray (number 225), Irvine Company’s Donald Bren (32) and Red Apple Group’s John Catsimatidis (319).

Developers were also well represented, with Sheldon Solow (148), Jeff Sutton (179), Jerry Speyer (187) and Ben Ashkenazy (207) all making the list.

The youngest real estate billionaire in the top 400 was Nathan Blecharczyk, the 36-year-old co-founder of Airbnb, who is worth $4.2 billion. The company’s other co-founders, Brian Chesky and Joe Gebbia, both 38, also cracked the ranking with net worths of $4.2 billion, putting them in equal position at number 168.

President Trump, with a net worth of $3.1 billion, slipped 16 spots to 275th.

In addition to real estate professionals, the list also included some buyers and sellers of high-profile New York properties, including Amazon CEO Jeff Bezos (1) and hedge funder Ken Griffin (38). Earlier this year, Bezos dropped $80 million for three units inside the luxury condo 212 Fifth Avenue, while Griffin set a national record with his $238 million purchase of a penthouse at 220 Central Park South. [Forbes] — Sylvia Varnham O’Regan

 

Related Articles

arrow_forward_ios
Opendoor CEO Eric Woo and images of its Opendoor Home Loans app (Credit: Resolute Ventures)

iBuyer startup Opendoor launching new home loan program

Donald Trump and Greenland

What you should know about Greenland and its real estate

Donald Trump and a Greenland landscape (Credit: Getty Images and iStock)

Make Greenland Great Again? Trump wants to buy Arctic territory

From left: Tom Barrack, former Qatari Prime Minister Hamad bin Jassim bin Jaber Al Thani, and Saudi Crown Prince Mohammad bin Salman.

Tom Barrack’s Middle Eastern connections run deep. Here’s how they’ve boosted his real-estate business

Tom Barrack and Donald Trump (Credit: Getty Images and iStock)

Saudis backed Colony Capital’s digital infrastructure deal, says report

Donald Trump and Kathy Kraninger (Credit: Getty Images and iStock)

Trump proposal would make getting a mortgage harder for homeowners deep in debt

Robert Mueller and President Donald Trump (Credit: Getty Images)

Mueller acknowledges Trump Tower Moscow discussions could have “exposed” president

President Donald Trump (Credit: Getty Images and Mango Map)

Big changes are coming to the EB-5 program

arrow_forward_ios