America’s Richest Real Estate Investors

Real Estate

America’s Richest Real Estate Investors

There are several billionaires in the United States who have made their fortunes primarily from real estate investments, which goes to show that real estate does pay, and many times handsomely. Many of these people are self-made, growing up with nothing and pledging not to have the same type of life for their own children that they were subjected to growing up, and they didn’t. Others inherited their riches and their businesses, but all are very wealthy and very successful. Following are just a few who have attributed the lion’s share of their wealth through wise real estate investments:

Jeff Greene: He is mostly a self-made man who’s father lost everything in his lifetime. Greene started off buying and developing real estate and making a killing. He’s the man who purchased one of the most expensive houses in the country, Palazzo di Amore in Beverly Hills at auction for a paltry $35 million and then turned around and listed it for sale at $195 million. Greene also owns buildings in Florida, California, New York and other places around the world. His net worth is $3 billion.

Donald Sterling: This is the man who was accused of racist remarks in the NBA back in 2014. Not only that, but he also has a reputation for being a not-so-amazing husband and he lost his team. But that doesn’t seem to matter too much to the very wealthy billionaire who has real estate holdings across the country and the world. Sterling is one of the most famous real estate investors in Southern California, but that does not mean people can overlook his nasty remarks. Sterling’s net worth is $2.9 billion.

Herbert Simon: You can see Simon’s name plates on more than 228 shopping malls across the country, and it’s because Simon and his brother are the Simon’s who own them all. His parents were tailors. And the brothers decided to go into the real estate business together, investing as much as they could so that they could get back as much as possible. Net worth is $2.9 billion.

Mortimer Zuckerman: Not only is Zuckerman successful in the real estate business, but also the publishing industry. He is a self-made man who earned it all by doing it his own way. His father was a tobacco and candy salesman, and Zuckerman decided he wanted to break into the real estate scene, which did wonders for his career. He has been able to make a name for himself across the world since beginning his business in 1970 and going public with it in 1997. Zuckerman’s net worth is $2.6 billion.

Ty Warner: For a college dropout, we would say that Warner is doing fairly well. Warner is a billionaire who works in more than one industry. In addition to the real estate industry, he also makes plush toys. Perhaps you have seen his name on the tags of things that you pick up in the store for babies and toddlers. That’s right; he’s the Ty Warner responsible for Beanie Babies. Warner’s net worth is $2.4 billion.

John Arrillaga: It would seem that men from California really do know how to make it on their own. This Portola Valley resident has two kids and he is a remarried widower. Arrillaga’s business is one he started on his own, which makes him a self-made billionaire in the real estate industry. There is something to be said about a man who can make this kind of money without a trust fund to help him along the way, but he managed to do it and has been riding high ever
since.

Oct 31, 2016 Real Estate