logo
5 of the Richest People in Real Estate

5 of the Richest People in Real Estate

Yahoo15-06-2025
Real estate can become a strategic investment option if you know what you're doing and are willing to put in some work. While you might not make several million dollars, it can be another way to boost your bank account and wealth.
Read Next:
Find Out:
Speaking of wealth, real estate has paid off extremely well for some investors and managers around the U.S. and beyond. Here's a look at five of the richest people in real estate.
Also see what the 10 richest billionaires did with their first $1 million.
Total net worth: $18.7 billion
You may not be familiar with Kushal Pal Singh, but he's one of the richest billionaires in the real estate industry. He's the chairman emeritus of a leading real estate company in India called DLF. According to Forbes, the company is the biggest listed property firm by market cap in India.
Check Out:
Total net worth: $19.7 billion
Harry Triguboff is the owner of Meriton, an apartment tower development company in Australia. He's a billionaire real estate developer — and one of the richest people in Australia. According to Forbes, he has built over 79,000 apartments and was a trailblazer, being one of the first developers see potential in apartments rather than single-family homes.
Late last year, Medium called him 'the GOAT' of real estate in Australia.
Total net worth: $18.9 billion
Donald Bren is a big name in real estate in America. He's the chairman of Irvine Company, which, according to Sunrise Capital, has more than 120 million square feet of office space, apartments and malls across California.
Per Forbes, he also owns the MetLife Building in New York.
Total net worth: $18.4 billion
Stephen Ross may have come from humble beginnings, but he's now one of the richest names in real estate. Ross is the CEO and chairman of Related Ross and the owner of the Miami Dolphins. Due to his real estate work, he's especially well known in Florida.
According to the company's website, it has many types of properties, including office space, hotels and city centers.
Total net worth: $13.2 billion
Until 2015, Peter Woo was the chairman of Wheelock & Co., a property developer, and the subsidiary Wharf Holdings, per Forbes. In addition to real estate, the companies are involved in retailing and telecommunications.
Editor's note: Net worth figures were sourced from Forbes.
More From GOBankingRates
How Much Money Is Needed To Be Considered Middle Class in Every State?
This article originally appeared on GOBankingRates.com: 5 of the Richest People in Real Estate
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

7 Powerful Ways To Shield Your Retirement During a Global Trade War
7 Powerful Ways To Shield Your Retirement During a Global Trade War

Yahoo

time3 hours ago

  • Yahoo

7 Powerful Ways To Shield Your Retirement During a Global Trade War

The U.S. is in a global trade war, and your retirement is at stake. Now is the time to take action, as the 2025 economic outlook isn't too promising. Global economic growth is expected to decline from 3.3% in 2024 to 2.9% in 2025, according to the Organisation for Economic Co-operation and Development. Much more drastic, gross domestic product growth in the U.S. is expected to decrease from 2.8% in 2024 to 1.6% in 2025. Learn More: Read Next: GOBankingRates spoke with two financial advisors to find how to keep your retirement safe amid the current economic turmoil. Keep reading to learn their advice, so you can make the best money moves for your golden years. Review Your Spending Habits 'This is the moment to revisit your budget — not just cut back, but plan ahead,' said Melissa Cox, certified financial planner (CFP) and owner of Future-Focused Wealth. 'Tariffs often hit the price of imported goods and materials.' If you're planning a major purchase, she said to map it out and think about whether it makes sense to buy now or wait. 'Planning beats reacting,' she said. Check Out: Keep Extra Cash on Hand 'Having a buffer lets you breathe when the market gets weird,' Cox said. 'I usually recommend 12 to 18 months of living expenses in a high-yield savings account — especially for retirees.' This can keep you from having to sell the investments at a bad time, just to pay the bills, she said. Don't Try To Time the Market Fear causes most people to lose more money than actual market decline, Cox said. Therefore, it's best to stick with your long-term investment strategy and work with a financial professional who can help you make informed decisions, instead of those driven by panic. Adjust Your Withdrawal Plan If you're already retired, you probably already have a withdrawal strategy in place. However, Cox said a global trade war might mean you need to be flexible with your withdrawal strategy. 'I walk clients through different 'what if' scenarios, so we know how to adjust if inflation hits or the market dips,' she said. Check Your Tax Strategy It's not uncommon for periods of economic change to bring shifts in tax policy, Cox said. This means now is a good time to review money moves like Roth conversions, charitable donations and tax-harvesting strategies see if they still make sense for you. Invest in International Stocks If you have a balanced portfolio with international equities, your portfolio will be significantly less volatile during a trade war, said Matthew Hale, certified financial planner (CFP) and owner of Make the Memory Financial Planning. 'This move captures the growth trend from companies looking to diversify away from the U.S., creating a boom in the international market space,' he said. Take Advantage of Volatility Recently, Hale said his firm has been rebalancing client portfolios, shifting bonds from stocks and picking up inexpensive shares during market downturns. They've also been processing Roth conversions. If you haven't made any adjustment to your portfolio since tariffs were imposed, now is a great time to review your positions. If you're not already, consider working with a financial advisor who can help you make the best decisions for your hard-earned retirement fund. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 10 Genius Things Warren Buffett Says To Do With Your Money 10 Used Cars That Will Last Longer Than the Average New Vehicle This article originally appeared on 7 Powerful Ways To Shield Your Retirement During a Global Trade War Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Exclusive-Indian owners of three ships ask sanctions-hit Nayara Energy to release the vessels, sources say
Exclusive-Indian owners of three ships ask sanctions-hit Nayara Energy to release the vessels, sources say

Yahoo

time4 hours ago

  • Yahoo

Exclusive-Indian owners of three ships ask sanctions-hit Nayara Energy to release the vessels, sources say

By Nidhi Verma and Mohi Narayan NEW DELHI (Reuters) -The Indian owners of three vessels chartered to Nayara Energy have asked the Russian-backed firm to end their contracts following recent European Union sanctions on the refiner, six sources familiar with the matter said on Tuesday. India-based Seven Islands Shipping Ltd and Great Eastern Shipping Co (GESCO) have asked Nayara to release the three clean products tankers, citing concerns over the sanctions, five of the sources said. The medium-range vessels are the Bourbon and Courage, owned and managed by Seven Islands, and GESCO's tanker Jag Pooja, sources said. The sources declined to be named as they were not authorised to speak to the media. Mumbai-based Nayara, Seven Islands and GESCO did not immediately respond to requests for comment. Lack of access to ships is hampering efforts by the Indian refiner to sell its refined-fuel stocks, which are building up. The EU sanctions package unveiled on July 18 against Russia and its energy sector have forced Nayara to reduce operations at its 400,000 barrels per day (bpd) refinery due to storage constraints, Reuters reported earlier on Tuesday. Privately held Nayara, which runs India's third-biggest refinery at the port of Vadinar in the western state of Gujarat, controls nearly 8% of the country's total refining capacity of about 5.2 million bpd. Nayara, majority-owned by Russian entities including oil major Rosneft, exports refined products and also supplies them domestically. Nayara operates more than 6,000 fuel stations.

Blackstone executive killed in NYC shooting ID'd: ‘Beloved member of the Blackstone family'
Blackstone executive killed in NYC shooting ID'd: ‘Beloved member of the Blackstone family'

The Hill

time5 hours ago

  • The Hill

Blackstone executive killed in NYC shooting ID'd: ‘Beloved member of the Blackstone family'

NEW YORK (WPIX) – Blackstone executive Wesley LePatner was identified as one of the victims killed in the mass shooting at a Manhattan skyscraper. on Monday, according to a spokesperson for the company. LePatner was the Global Head of Core+ Real Estate and the CEO of Blackstone Real Estate Income Trust (BREIT), according to Blackstone's website. 4 victims, including police officer, killed in Manhattan mass shooting: NYPD 'Words cannot express the devastation we feel. Wesley was a beloved member of the Blackstone family and will be sorely missed,' a representative for the investment company said in a statement. LePatner's colleagues described her as 'brilliant, passionate, warm, generous, and deeply respected within our firm.' According to her LinkedIn profile, LePatner spent more than a decade at the company after previously working for Goldman Sachs. She was a Yale graduate and also sat on the board of the Metropolitan Museum of Art. NYC gunman wanted to 'preserve brain' for research after shooting: Adams LePatner was one of four people shot and killed by 27-year-old Shane Tamura from Las Vegas, when he opened fire inside a Manhattan skyscraper around 7 p.m. on Monday. Authorities say the Blackstone executive took cover behind a pillar before the gunman began shooting into the building's lobby. Police officer Didarul Islam, a building security guard and a person in the building's Rudin Management office were also killed in the mass shooting, officials have reported. An NFL staffer was also shot and has been listed in critical condition. New York City Mayor Eric Adams visited the scene on Monday and confirmed that Tamura had had died from an apparent self-inflicted gunshot wound.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store