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Construction magnate leads real estate on Forbes 400 list

Industry put 21 people in rankings when including construction

Construction Magnate Leads Real Estate on Annual Forbes 400

America’s real estate and construction barons once again made a solid showing on Forbes’ annual billionaire rankings, but the spread between the industry’s elite is wide.

ABC Supply co-founder Diane Hendricks leads the pack with a $22.3 billion fortune, landing her at No. 44 overall on the Forbes 400, according to Realtor.com. That makes the Beloit, Wisconsin native more than three times wealthier than Donald Trump, who ranked 201st with $7.3 billion. 

She’s followed in the real estate ranks by Irvine Company’s Donald Bren, who has $19.2 billion, and Related’s Stephen Ross, whose $17 billion fortune is supported by megadevelopments like Hudson Yards and other trophy assets. 

Other big names on the list include Riley Bechtel and family ($10.8 billion), Jeff Greene ($9 billion), Neil Bluhm ($8.6 billion) and Leonard Stern ($8.3 billion). Rounding out the top ten are Igor Olenicoff ($8 billion), Edward Roski ($7.4 billion) and Trump.

Despite his muted status on the real estate leaderboard, Trump posted one of the industry’s biggest year-over-year gains. Forbes credited his increase to “substantial non-real estate assets.”

Collectively, real estate and construction billionaires account for about $169 billion of the Forbes 400’s combined $6.6 trillion net worth. That collective wealth is up $1.2 trillion from last year as stock gains and asset appreciation pushed the entry point to $3.8 billion, locking out celebrities like Oprah Winfrey and Taylor Swift.

The other real estate figures to make the Forbes 400 are as follows:

  • Herb Simon: $6.5 billion
  • Ty Warner: $6.5 billion
  • H. Ross Perot, Jr.: $6.5 billion
  • John Sobrato & family: $6.3 billion
  • Annette Lerner & family: $6.2 billion
  • Mitchell Morgan & family: $6.1 billion
  • Rick Caruso: $5.9 billion
  • Robert Faith: $5 billion
  • Donald Sterling: $4.4 billion
  • Edward DeBartolo, Jr.: $3.8 billion

The overall top dog was Elon Musk ($428 billion) followed by Larry Ellison ($276 billion), Mark Zuckerberg ($253 billion), Jeff Bezos ($241 billion) and Larry Page ($179 billion).

Holden Walter-Warner

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Clockwise from left: Sam Zell, Donald Bren, Leonard Stern, Stephen Ross, Adam Neumann, Jeff Sutton and Donald Trump
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