CALIFORNIA’S REAL ESTATE BILLIONAIRES – GEORGE ARGYROS – REAL ESTATE, SPORTS AND DIPLOMACY

November 20, 2014 on 9:50 pm | In Bravo, Fascinating Information, Funny...Money, Uncategorized, Winning Properties | 1 Comment

#759 George Argyros

Net Worth: $2.4 Billion

Chairman and CEO, Arnel & Affiliates

Age: 77

Source Of Wealth: real estate, investments, Self Made

Residence: Newport Beach, CA

Citizenship: United States

Marital Status: Married

Children: 3

Education: Bachelor of Arts / Science, Chapman University

George Argyros on Forbes Lists:

  • #731 Billionaires
  • #258 in United States
  • #736 in 2013
  • #260 Forbes 400

George Leon Argyros made his fortune in real estate investments as chairman and CEO of Arnel & Affiliates, which manages about 5,500 apartments and more than two million square feet of commercial space in San Diego, Los Angeles and Orange County. He started his business career running a grocery store and moved on to buying and selling real estate to gas stations.

His illustrious career includes owning the Seattle Mariners baseball team from 1981 to 1989. As well as a stint as Ambassador to Spain and Andorra under President George W. Bush.

Argyros has been on the board of directors of many corporations, and is a founding partner of private equity firm Westar Capital and a board member at software development company DST Systems.

His Argyros Foundation gives to various causes in Southern California, including the South Coast Repertory, the Eisenhower Medical Center Foundation and Argyros’ alma mater, Chapman University. In 2011, he and his wife gave $5 million to University of California, Irvine’s Gavin Herbert Eye Institute.

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http://www.forbes.com/profile/george-argyros/

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CALIFORNIA’S REAL ESTATE BILLIONAIRES – EDWARD ROSKI, JR. BUILT THE STAPLES CENTER

November 10, 2014 on 9:14 pm | In Bravo, Fascinating Information, Funny...Money, New Developments, Statistics, Uncategorized, Winning Properties | 2 Comments

#445 Edward Roski, Jr.

Net Worth: $3.8 Billion

President and Chairman, Majestic Realty, Co.

Age: 75

Source Of Wealth: real estate

Residence: Los Angeles, CA

Citizenship: United States

Marital Status: Married

Children: 3

Education: Bachelor of Arts / Science, University of Southern California

Edward Roski, Jr. on Forbes Lists:

  • #466 Billionaires
  • #159 in United States
  • #363 in 2013
  • #143 Forbes 400

ERoski_cropped-251x341 You may think of Edward Roski Jr. was pivotal in the construction of the Staples Center in downtown Los Angeles, and one of the key figures attempting to bring football back to L.A., but he is so much more than that. Roski oversees Majestic Realty, the commercial and industrial real estate company his father founded in 1948. Majestic Realty owns more than 70 million square feet of real estate, most of which is industrial buildings in Southern California, but the complete portfolio spans from Los Angeles to Atlanta.

Majestic is completely family-owned. Roski helped build Staples Center in 1998 with local mogul Phil Anschutz.

A University of Southern California alumnus, he and his wife pledged $23 million to his alma mater’s fine arts school in 2006 and he currently serves as chairman of the USC board of trustees. Roski is an avid cyclist and mountain climber and has climbed to base camp at Mt. Everest, K2 and Mt. Kilimanjaro.

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CALIFORNIA’S REAL ESTATE BILLIONAIRES – JOHN SOBRATO & FAMILY BUILD FOR TECH

November 1, 2014 on 9:02 pm | In Bravo, Funny...Money, Uncategorized, Winning Properties | 2 Comments

#331 John A. Sobrato & family

Net Worth: $4.8 Billion

Founder and Chairman, Sobrato Development Cos.

Age: 75

Source Of Wealth: real estate, Self Made

Residence: Atherton, CA

Citizenship: United States

Marital Status: Married

Children: 3

Education: Bachelor of Arts / Science, Santa Clara University

John A. Sobrato & family on Forbes Lists:

  • #328 Billionaires
  • #110 in United States
  • #346 in 2013
  • #110 Forbes 400

Since releasing control of their family-owned Sobrato Development Cos., John A. Sobrato and son, John M. Sobrato Father and son are now following the example set by the likes of Bill Gates, Warren Buffet t and Donald Bren, focusing on the family’s philanthropic work through their Sobrato Family Foundation.

When they stepped down from day-to-day operations at their Silicon Valley family real estate firm and handed the reins to real estate veteran Rob Hollister, it was the first time in the company’s 35-year history a nonfamily member was chosen to run the Sobrato Organization’s vast holdings.

The Sobrato Organization was founded by the elder Sobrato in 1978 and currently owns about 7.5 million square feet of commercial office space and 30 apartment communities with 6,700 units along the west coast. Commercial tenants include Apple, Yahoo and Netflix.

John A. Sobrato began his real estate career in 1957, selling homes in Palo Alto while going to school at Santa Clara University. He built up a commercial real estate empire in the 1960s and 1970s with fellow Silicon Valley builder and former Forbes 400 member, Carl Berg.

Since 1996, Sobrato, through his foundation, has donated more than $230 million in real estate and cash to local communities. He and his wife made a $5 million donation to the Santa Clara Valley Medical Center. The couple has signed on to Warren Buffett and Bill Gates’ Giving Pledge.

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http://www.forbes.com/profile/john-a-sobrato/

CALIFORNIA’S REAL ESTATE BILLIONAIRES – #1 DONALD BREN – THE RICHEST REAL ESTATE DEVELOPER IN THE UNITED STATES

October 15, 2014 on 8:24 pm | In Bravo, Fascinating Information, Funny...Money, Historic Properties, Statistics, Uncategorized, Winning Properties, World | 2 Comments

edited by Jodi Summers

Looking at Forbes’ billionaire statistics country-by-country, you’ll be satisfied to know that the United States boasts 29 real estate billionaires > more than any other individual nation. China has the second highest number of the property-rich at 21, followed closely by Hong Kong, with 18 real estate billionaires. We siphoned through the top 1,000 billionaires and found seven property tycoons living in California. Over the next few months, we’ll share them all with you. We start with

#60 Donald Bren

Net Worth: $16 Billion

Chairman, Irvine Company

Age: 82

Source Of Wealth: real estate, Self Made

Residence: Newport Beach, CA

Citizenship: United States

Marital Status: Married

Children: 7

Education: Bachelor of Arts / Science, University of Washington

Donald Bren on Forbes Lists:

  • #69 Billionaires
  • #30 in United States
  • #69 in 2013
  • #27 Forbes 400

Meet Donald Bren, the wealthiest real estate developer in the U.S. If you follow him on the Forbes billionaire list, you’ll notice he continues to get richer thanks to Southern California’s rising property values. His Irvine Co. holds a vast portfolio of commercial and residential properties–including about 50,000 apartments, 40 million square feet of office space, and 8 million square feet of retail in Orange County, San Diego, Los Angeles, and Silicon Valley, plus three golf clubs and five marinas…and Chicago’s Hyatt Center and UBS Tower (of which the Irvine Co. is an investor).

Bren attended the University of Washington on a skiing scholarship, and then joined the Marines. In 1958 he built his first house with a $10,000 loan. In 1977, Bren and several partners bought Irvine Co. – founded in 1864 – for $337 million. He became the firm’s sole shareholder in 1996.

A noteworthy philanthropist, Bren has endowed 87 chairs and contributed millions of dollars to California’s universities. Bren can be attributed to the development of the University of California at Irvine’s law school and its School of Information and Computer Sciences, which bears his name, as well as at Santa Barbara where he helped establish the Donald Bren School of Environmental Science and Management. He also preserved 52,000 acres of the original 93,000-acre Irvine Ranch as permanent open space.

“My dream is that The Irvine Ranch will be known and celebrated as much for what is not developed here — the sweeping expanse of beautiful and valuable open space — as it is for the outstanding communities we have planned and built offering an unparalleled quality of life.”

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THE LIST OF CALIFORNIA’S REAL ESTATE BILLIONAIRES

September 30, 2014 on 1:59 pm | In Bravo, Fascinating Information, Funny...Money, New Developments, Office Fodder, Uncategorized, Winning Properties | 1 Comment

by Jodi Summers

All totaled, California has 111 billionaires – more than any other state. Indeed, if the Golden State were its own country, it would be tied with Russia for third-most billionaires in the world, behind only the United States and China.

More than one-third of California’s billionaires are in tech, focused in Silicon Valley. San Francisco has 20 billionaires alone, second in U.S. cities only to New York City’s 66. Palo Alto, Calif. ranks eighth among U.S. cities with nine billionaires, and Woodside, Calif. is tied for 10th with eight. In total, California billionaires personally hold assets worth $485 billion, more than the entire GDP of all but 24 countries in the world.

There are seven billion dollar property tycoons living in California, many of them built their portfolio developing business properties. Over the next few months, we’ll share them all with you….but for now, here’s the list…

Rank Name Net Worth Age Source Country of Citizenship
#60 Donald Bren $15.8 B 82 real estate U.S.A.
#328 John A. Sobrato & family $4.8 B 75 real estate U.S.A.
#443 Edward Roski Jr $3.8 B 75 real estate U.S.A.
#755 George Argyros $2.4 B 77 real estate, investments U.S.A.
#820 Richard Peery $2.2 B 75 real estate U.S.A.
#960 John Arrillaga $1.9 B 76 real estate U.S.A.
#996 Donald Sterling $1.9 B 78 real estate U.S.A.

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http://www.forbes.com/billionaires/list/3/#tab:overall_industry:Real%20Estate

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http://www.forbes.com/sites/erincarlyle/2014/03/04/meet-the-20-richest-real-estate-billionaires-on-the-forbes-billionaires-list/

http://lovesiliconbeach.wordpress.com/2014/12/08/who-are-californias-real-estate-billionaires/

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THE WORLD’S MOST SUCCESSFUL REAL ESTATE BILLIONAIRES

September 15, 2014 on 11:41 am | In Bravo, Fascinating Information, Funny...Money, Lights Camera Transaction, Market Snapshot, New Developments, Winning Properties, World | 2 Comments

Edited by Jodi Summersreal-estate-billionaire

Meet the world’s real estate billionaires. As this writing, there were 135 real estate billionaires on the planet – 15 more than last year – according to the 2014 Forbes Billionaires List.

The top 20 real estate moguls are predominantly men settled Asian-Pacific nations – 12 men and 2 women. Seven are from Hong Kong, four from China, two from Singapore, and one from Australia. Three men each from the U.S. and the U.K. round out the covey. The highest ranking Global-Performance-Aggregate-change-in-global-house-prices-Q1 2014woman is Beijing’ Chan Laiwa & family who comes in at 12, followed by countrywoman Yang Huiyan. Remarkably, three of the 20 richest people in real estate are brothers.

A look at the numbers helps explain where all this wealth is coming from. According to Knight Frank’s Global House Price Index, which tracks prices in 53 countries, more than 30 countries saw positive growth. Dubai, China, and Hong Kong had greatest annual rise in home prices, up 28.5%, 21.6% and 16.1% respectively. Given the numbers, it’s not surprising that Asian-Pacific countries are leading the world in terms of property fortunes, with 72 billionaires counting real estate as a major part of their fortunes.

Worldwide, as of Q3 2013, residential property was up 4% from its 2008 peak – and 12.7% higher from the abyss of the global financial crisis. Commercial properties are also faring better. Global office rents up by 3% overall in 2013 according to Cushman & Wakefield research, though the figures vary widely by country.

Country-by-country, the U.S. boasts 29 real estate billionaires, the greatest number of any individual nation. China has the second highest number of the property-rich at 21, followed closely by Hong Kong, with 18 real estate billionaires. As of this writing, the richest real estate tycoon on the Forbes Billionaires list is Lee Shau KeeHong Kong’s Lee Shau Kee, ranking No. 29 on the master list, with an estimated fortune of $22.4 billion. His Henderson Land Development has a stake in Hong Kong’s International Financial Center, and numerous projects on the mainland, including a waterfront area in Shanghai. Although still the wealthiest real estate billionaire, the Henderson head saw his fortune drop by $132.8 M | -0.6% in past year as the city’s real estate sector softened after a hike in property taxes.

The second-richest real estate billionaire is Donald Bren, an American from California. With a net worth of $15.8 billion, Bren’s fortune continues to grow thanks to rising estate prices in California, where he holds the majority of his vast portfolio. Bren’s Irvine Co. owns about Donald Bren50,000 apartments, 40 million square feet of office space, and 8 million square feet of retail in Orange County, San Diego, Los Angeles, and Silicon Valley, not to mention three golf clubs and five marinas. A noted philanthropist, Bren preserved half of the original 93,000-acre Irvine Ranch as permanent open space.

We’ll get into the California real estate billionaires in our next segment.

China’s wealthiest person, Wang Jianlin, is the third-richest person in real estate (No. 61 with a net worth of $15.8 billion). He owns 75 department stores, 85 shopping plazas, 51 five star hotels, and the United States’ AMC theater chain, which he purchased in 2012 and listed on the New York Wang JianlinStock Exchange in December. Wang is a man from humble beginnings. He entered the military and parlayed the government game to become chairman of China’s largest commercial real estate developer, Dalian Wanda Group.

Remarkably, three of the 20 richest people in real estate are brothers: Hongkongers Thomas, Raymond, and Walter Kwok. Their father, Sun Hung Kai Properties founded Kwok Tak-seng, was an early business partner of Lee Shau Kee, real estate’s richest person.

Here’s the list of real estate billionaires culled from Forbes 1,000 richest people.

 

Rank Name Net Worth Age Source Country of Citizenship
#29 Lee Shau Kee $22.4 B 86 diversified Hong Kong
#60 Donald Bren $15.8 B 82 real estate U.S.A.
#61 Wang Jianlin $15.8 B 59 real estate China
#73 Thomas & Raymond Kwok & family $14.9 B - real estate Hong Kong
#75 Cheng Yu-tung $14.5 B 89 diversified Hong Kong
#90 Robert & Philip Ng $12.8 B - real estate Singapore
#91 Gerald Cavendish Grosvenor & family $12.8 B 62 real estate United Kingdom
#108 David & Simon Reuben $11.3 B 71 investments, real estate United Kingdom
#145 Joseph Lau $9 B 63 real estate Hong Kong
#159 Peter Woo & family $8.4 B 68 real estate Hong Kong
#210 Charles Cadogan & family $6.9 B 77 real estate United Kingdom
#213 Chan Laiwa & family $6.7 B 73 real estate China
#217 Richard LeFrak & family $6.6 B 69 real estate U.S.A.
#229 Harry Triguboff $6.3 B 81 property Australia
#237 Hui Ka Yan $6.2 B 55 real estate China
#242 Walter Kwok $6.1 B 63 real estate Hong Kong
#254 Lin Yu-lin $6 B 78 real estate Taiwan
#256 Kwee brothers $5.9 B 69 real estate Singapore
#267 Stephen Ross $5.6 B 74 real estate U.S.A.
#271 Hui Wing Mau $5.6 B 64 real estate Hong Kong
#276 Yang Huiyan $5.5 B 32 real estate China
#306 Sam Zell $5.1 B 72 real estate, private equity U.S.A.
#328 John A. Sobrato & family $4.8 B 75 real estate U.S.A.
#346 Majid Al Futtaim $4.6 B - real estate, retail United Arab Emirates
#356 Leonard Stern $4.5 B 76 real estate U.S.A.
#359 Lin Rong San $4.4 B 75 real estate Taiwan
#360 Frank Lowy $4.4 B 83 shopping malls Australia
#361 Ted Lerner $4.4 B 88 real estate U.S.A.
#383 Donald Trump $4.1 B 68 Television, Real Estate U.S.A.
#390 Akira Mori & family $4 B 78 real estate Japan
#403 Kushal Pal Singh $4 B 83 real estate India
#443 Edward Roski Jr $3.8 B 75 real estate U.S.A.
#463 Sheldon Solow $3.6 B 86 real estate U.S.A.
#465 Ian & Richard Livingstone $3.6 B - real estate United Kingdom
#468 John Gandel $3.6 B 80 shopping malls Australia
#473 Jerry Speyer $3.6 B 74 real estate U.S.A.
#492 Fredrik Lundberg $3.4 B 63 real estate, investments Sweden
#502 Wu Yajun & family $3.4 B 50 real estate China
#517 Francis Choi $3.3 B 66 real estate Hong Kong
#534 Igor Olenicoff $3.2 B 71 real estate U.S.A.
#542 God Nisanov $3.2 B 42 real estate Russia
#542 Zarakh Iliev $3.2 B 47 real estate Russia
#562 Huang Rulun $3.1 B 62 real estate China
#578 Yitzhak Tshuva $3.1 B 66 real estate Israel
#591 Edward DeBartolo Jr $3 B 67 shopping centers U.S.A.
#595 Alfred Taubman $3 B 90 real estate U.S.A.
#602 Samuel Tak Lee $3 B 75 real estate Hong Kong
#621 Eddie & Sol Zakay $2.9 B 63 real estate United Kingdom
#626 Alexandra Schorghuber $2.9 B 56 real estate Germany
#661 Ty Warner $2.7 B 69 real estate, plush toys U.S.A.
#669 Tong Jinquan $2.7 B 59 real estate China
#670 Jeff Sutton $2.7 B 54 real estate U.S.A.
#692 Jeff Greene $2.6 B 59 real estate, investments U.S.A.
#713 Neil Bluhm $2.6 B 76 real estate U.S.A.
#722 John Whittaker $2.5 B 72 real estate United Kingdom
#737 Mortimer Zuckerman $2.5 B 77 real estate, media U.S.A.
#755 George Argyros $2.4 B 77 real estate, investments U.S.A.
#760 Raj Kumar & Kishin RK $2.4 B 60 real estate Singapore
#764 Edwin Leong $2.4 B 62 real estate Hong Kong
#774 Henry Fong Yun Wah $2.4 B 89 real estate Hong Kong
#775 Manuel Jove $2.4 B 73 real estate Spain
#785 Herbert Simon $2.3 B 79 real estate U.S.A.
#794 Wang Wenxue $2.3 B 47 real estate China
#812 Bahaa Hariri $2.3 B 48 real estate, investments, logistics Lebanon
#820 Richard Peery $2.2 B 75 real estate U.S.A.
#827 Jorge Perez $2.2 B 64 condos U.S.A.
#865 Mangal Prabhat Lodha $2.2 B 58 real estate India
#874 Brad Kelley $2.1 B 57 tobacco U.S.A.
#884 Cai Kui $2.1 B 51 real estate China
#897 Nadhmi Auchi $2.1 B 77 real estate United Kingdom
#898 Carlo Fidani $2.1 B 59 real estate Canada
#919 Chandru Raheja $2 B 73 real estate India
#927 Or Wai Sheun $2 B 63 real estate Hong Kong
#932 Huang Wei $2 B 54 real estate China
#938 Thongma Vijitpongpun $2 B 56 real estate Thailand
#960 John Arrillaga $1.9 B 76 real estate U.S.A.
#966 Zhang Li $1.9 B 61 real estate China
#980 Mitchell Goldhar $1.9 B 53 real estate Canada
#987 Li Sze Lim $1.9 B 57 real estate Hong Kong
#988 Miloud Chaabi $1.9 B 85 diversified Morocco
#993 Stanley Perron $1.9 B 91 property, retail Australia
#996 Donald Sterling $1.9 B 78 real estate U.S.A.

Billion Dr. Evil

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http://www.forbes.com/billionaires/list/3/#tab:overall_industry:Real%20Estate

http://www.forbes.com/sites/erincarlyle/2014/03/04/meet-the-20-richest-real-estate-billionaires-on-the-forbes-billionaires-list/

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