The real estate industry has produced some of the world’s richest according to Forbes. Many real estate investors have become millionaires and billionaires by investing in real estate.
Get inspired by the top 5 richest real estate investors in the world who have carved a niche for themselves in the real estate industry according to Forbes list.
Donald Bren – Estimated Net Worth $15.5 Billion
Donald Bren is the first of the top real estate investors. He is an American businessman who is the owner and chairman of the Irvine company, a real estate development company in the US. He began his business career in 1958 when he found the Bren Company, which built homes in Orange County, California. The company was bought by International Paper in 1970 and sold back to him two years later following the recession. He took the proceeds and joined a group of investors to purchase the Irvine company in 1977. He was the largest shareholder and later bought all shares to become the sole owner in 1996.
The company’s holdings now include several hotels, marinas, and golf courses, including 550 office buildings and 125 apartment complexes.
Sun Hongbin – Estimated Net Worth $9.2 Billion
Sun Hongbin is a US citizen although of Chinese descent. He is the founder and chairman of Sunac China Holdings which is one of China’s largest real estate developers that is focused on developing large-scale and medium-to-high-end residential properties. Sunac acquired assets from China’s Wanda Group and expanded into the entertainment and hotel business.
Stephen Ross – Estimated Net Worth $7.6 Billion
Stephen Ross is an American real estate developer, philanthropist and sports team owner. He is the chairman and majority owner of The Related Companies as well as the owner of Miami Dolphins and Sunlife Stadium. The Related Company which is headquartered in New York has offices and real estate developments in other states including Abu Dhabi and Shanghai. Stephen Ross has expanded his real estate investments into other development opportunities.
Sam Zell – Estimated Net Worth $4.8 Billion
Sam Zell, a former lawyer is the founder and chairman of Equity Group Investments which invests in real estate and other industries. He is the chairman of five companies listed on the New York Stock Exchange which are Equity Residential (EQR), Equity Lifestyle Properties (ELS), Equity Commonwealth (EQC), Covanta Holding Corp (CVA), and Anixter. He later sold Equity Office to the Blackstone group before the real estate market crashed in 2007.
Leonard Stern – Estimated Net Worth $4.5 Billion
Leonard Stern is the fifth of the top real estate investors and the chairman and CEO of Hartz Mountain Industries which owns more than 260 properties including residential, office, hotel and industrial properties. He began his career by working in his father’s pet supply business in 1959 before proceeding to his real estate business.
Whether real estate is your main source of income or not, you can learn a few things from these real estate moguls. Investing in commercial or residential real estate generates incredibly huge income. As a real estate investor, you should take advantage of this knowledge and take every opportunity you get to invest in commercial or residential real estate. You should be consistent, patient and persistent in achieving your goals and remember that it takes time to build success.
Have you read our article on 5 easy ways to invest in real estate?
It explains in detail five ways that you can invest in real estate. Investing in real estate is a great strategy to ensure financial stability as a result of the huge profit that you can gain. If you want to know investment strategies, this article is a must-read. Take charge and become one of the successful real estate investors today
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