The Richest Real Estate Investors Around the GlobeThe Richest Real Estate Investors Around the Globe
Real estate is a great way to build wealth. Real estate is a good investment because it has low interest rates and high tax benefits. It also generally increases in value.
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Many of the world`s richest investors started out in real estate. These rich individuals had a vision, the persistence to invest their money, and a desire to make a lot of money.
1. Richard Lefrak
Richard Lefrak is a New York-based business tycoon who owns, develops, and manages real estate properties. He is also an active supporter of charities.
His family firm, LeFrak Organization, owns and develops a variety of commercial, residential and retail projects across the United States. It also has extensive experience in the development and management of waterfront communities.
He is credited with leading the company`s expansion and diversification outside of the New York area, expanding its portfolio of branded residential, office, and hotel properties throughout the country. Last February, the firm purchased a stake in Miami`s 1 Hotel and Residences South Beach project, which is expected to be fully opened in early 2014.
2. Yang Huiyan
Real estate is a lucrative investment. It has created hundreds of millionaires and billionaires across the globe.
Yang Huiyan is a Chinese billionaire who owns the majority of Country Garden Holdings, a company she helped create with her father. She was formerly Asia`s richest woman until her fortunes took a nosedive this year as China`s real estate market went through one of its biggest downturns in a decade.
Her net worth fell to $11.3 billion compared with $23.7 billion a year ago. Country Garden`s share of profit that is attributable to the owners has fallen by 96 percent since last year, as credit and trade concerns have hit China`s property market.
3. Prince Alwaleed Bin Talal Alsaud
Prince Alwaleed Bin Talal Alsaud is one of the richest real estate investors in the world. He is well-known for his investments, which include 21st Century Fox and Citigroup as well as Apple, Twitter, and Twitter.
He has also been a prominent philanthropist, donating millions of dollars to charities. He is particularly concerned about Palestinian causes and donates money to organizations that help those who are displaced due to the Israeli-Palestinian conflict.
The businessman is chairman of Kingdom Holding Company – a major investment company. He is also the owner of a vast portfolio of assets, including real estate, stocks, media and aircraft.
4. David and Simon Reuben
Indian-born brothers David and Simon Reuben have become the richest real estate investors in the world. They have a diverse portfolio of real estate including offices, hotels, and retail buildings in the UK and Europe.
The Reuben brothers, born in Bombay of Jewish parents, grew up with an entrepreneurial background. They worked in scrap metal trading and carpet importation before investing in property in London, where they became successful.
They also own the Reuben Brothers Foundation, which helps charitable causes. The company owns a number properties in the UK, including Millbank Tower in Victoria, AMEX headquarters, Carlton House, and Hereford House in Oxford Street.
5. Leonard Stern
Stern joined his father Max`s pet supply business in 1959 and expanded into real estate seven years later, acquiring a New Jersey warehouse. Today, his Hartz Mountain firm owns over 38 million square feet of real estate primarily in the New Jersey area.
Stern, a real estate investor who is one of the wealthiest in the world and philanthropist as well, has made significant contributions to his alma mater New York University. He has made significant contributions towards his alma matter, New York University. He founded a non-profit organization to help homeless families in New York City.