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