Here’s where the NYC real estate moguls ranked on the Forbes 400
Related’s Stephen Ross placed highest at 65
New York’s real estate titans are front and center on the latest Forbes 400 ranking. This year it takes a net worth of at least $2 billion to make the list, up from $1.7 billion a year ago.
At number 65, Related Companies’ Stephen Ross was the highest ranked New York-based property kingpin. Forbes valued his net worth at $7.5 billion, up about $100 million over last year. Just below him, developer and investor Richard LeFrak took the 85th spot with a net worth of $6.1 billion. President Trump ranked 248th, with his net worth dropping an estimated $600 million to $3.1 billion.
The always-colorful Equity Group Investment chairman Sam Zell landed at 115 with a net worth of $5.1 billion. Sheldon Solow clocked in at 140 and boasts a fortune worth $4.7 billion. Hartz Group CEO Leonard Stern took 150th place and valued at $4.5 billion.
Ben Ashkenazy and Jeff Sutton tied for the 172nd spot, each with a net worth of $4 billion.
Commercial moguls Jerry Speyer – worth $3.9 billion – and Jeff Greene – worth $3.8 billion – took spots 179 and 186. And real estate investor Charles Cohen ranked 266. He’s worth $3.3 billion, per Forbes.
The four siblings behind Solil Management, America’s most valuable, family-run real estate portfolio — Allan and Jane Goldman, Diane Goldman Kemper and Amy Goldman Fowler — tied for 248nd place. Trump and Red Apple Group’s John Catsimatidis also landed at the spot. All are worth $3.1 billion, according to Forbes.
Continuing down the list, Mort Zuckerman landed at 288 with his $2.8 billion fortune. And finally, Two Trees Management’s David Walentas took the final spot of 374 with a net worth of $2.1 billion. [Forbes] — Christopher Cameron