Ed Roski Jr.

Roski might have passed the chief executive torch to his daughter Reon Roski (see related entry), but the billionaire still presides over the board of directors of a company that owns 92 million square feet of commercial real estate throughout the country. 

His father founded Majestic Realty in 1948, and early bets on industrial real estate helped the family amass a fortune that has helped Roski become a co-owner of the Los Angeles Kings, Los Angeles Lakers, and their downtown arena. Majestic then diversified from industrial with the development of the Fort Worth Stockyards, a project spearheaded by then-managing partner Craig Cavileer. Cavileer led the company’s collaboration with Fort Worth’s Hickman Companies, which owns swaths of the district. The partnership transformed the former livestock market into a vibrant, mixed-use district that attracts 10 million visitors annually.

Majestic, Hickman and the city of Fort Worth teed up a $1 billion expansion of the district, but that project is on hold after the relationship between Majestic and Hickman soured. Reon Roski handles day-to-day duties but, as chair, the elder Roski maintains a hand in big-picture decisions, such as those related to the ongoing legal battle over the Fort Worth Stockyards redevelopment. 

Majestic owns campuses in the City of Industry including Crossroads Business Park, Fairway Business Center, Grand Crossing, and Pacific Palms Resorts. Roski also serves on the Board of Trustees of the University of Southern California. 

— Alena Botros