The latest annual release of the Forbes 400 list of America’s richest people of course features plenty of major players in real estate – one of whom, not surprisingly, is a certain presidential candidate whom almost everyone recognizes by his hairdo alone.
Bill Gates again laid claim to the number one position, for an impressive 22nd year in a row, coming with a whopping net worth of $76 billion. The real estate game is no slouch on the list, however, and Donald Bren – the chairman of Irvine Company, based in Southern California – is one of the highest ranked. He comes in at number 30, touting a net worth of $15.2 billion.
Stephen Ross, the founder of upscale development firm Related Co., ranks as not only the richest New York-based developer but also second in line of the major players in real estate. $6.7 billion earned him the number 71 spot on the Forbes 400 list. Another prominent player in the real estate development arena is Igor Olenicoff of Lighthouse Point properties in South Florida, who ranks 164th with his $3.6 billion net worth.
SoFla Developers Hold Their Own
Olenicoff isn’t the only developer from South Florida making a name for himself on the list – Richard LeFrak, founder of the LeFrak company, came in at number 76 with a net worth of $6.1 billion. Related is again represented in the list by Jorge Perez, the chairman and CEO of the firm, at $3.5 billion and the 171st spot. Palm Beach boasts Jeff Greene, self-made billionaire, at number 194 and $3.3 billion in worth.
While these richest of the rich real estate moguls are certainly no slouches, it’s tough to get much more high profile – developer or not – than presidential hopeful Donald Trump. The head honcho of the Trump Organization’s $4.5 billion net worth earns him number 121 on the Forbes list. The Donald’s fortune and place on the list, coupled with his White House run, has been such a buzzing topic of late that Forbes dedicated an entire fifteen-page cover store to him this fall, titling the piece “What’s Donald Trump Really Worth?”
What’s $6 Billion?
The true numbers of the mogul’s net worth are a matter of some debate. While the distinctively coiffed candidate declared a net worth of more than $10 billion on the financial disclosure documents that all presidential hopefuls must file, a Bloomberg analysis this past summer claimed that the Donald’s true worth was closer to $3 billion. Trump’s real estate holdings were of course cited as the source of the majority of that fortune.
What did the man himself have to say about this discrepancy? In true bold, unapologetic Trump fashion, he told Forbes “I look better if I’m worth $10 billion than $4 billion.”
How the American public feels about that brazen attitude will become apparent as the election process plays out over the next year. Win or lose, Trump will have no shortage of dollars to comfort (or congratulate) himself with.