Real Estate Tycoons Who Made the Forbes’ Billionaires List

Miami Beach, Florida – We recently saw the Forbes annual billionaire list was put out for all Real Estate investors to read, Miami Condos For Sale Newswire read that Richard LeFrak and the Blackstone Group’s Stephen Schwarzman tied for the top spot taken by a real estate baron. The news is that both of these Real Estate Investors show a net worth of approximately $5.2 billion,. that amount of assets will be good for the 63rd spot on the list, as outlined by Forbes magazine.

Blackstone Group and Real Estate Investor Stephen Schwarzman

Stephen Schwarzman is the co-founder, chairman and CEO of private equity powerhouse Blackstone Group with recent reports of $190 billion in assets under management. We saw where shares of the firm jumped over 15% in the last year. This in conjuntion with the firm’s payouts for its executives caused Schwarzman’s net worth to increase by $500 million. Stephen Schwarzman co-founded the firm with Peter Peterson in 1985 with only $400,000 on the balance sheets.

The various other real estate experts on that exclusive list include Related’s Steven Ross, at $4.4 billion, Hartz Mountain Industries’ Leonard Stern, at $4.2 billion, and the attorney Sheldon Solow, at about $3.5 billion.

Famous Real Estate Developer Stephen Ross

Real estate developer Stephen Ross recently stepped down as chief executive of his Related Companies but is keeping the role of chairman. Related Companies has been acquiring distressed property since the downturn, closing earlier this year on an $825 million fund to purchase more. Ross will break ground on New York City’s Hudson Yards in October, a $15 billion project to create a new neighborhood

New York City and Palm Beach Real Estate Investors

The New York and Palm Beach real estate scene was looking for Donald Trump on the list. Well Donald Trump was 128th overall with a reported $3.1 billion. However we have heard that this amount of net worth has been disputed. John Catsimatidis, whose reported interest in the Food Emporium chain may soon diminish his fortune of $3 billion, took the 132nd spot. Tishman Speyer’s Jerry Speyer was at this point in time, tied with him.

New York Daily News head Mort Zuckerman, of Boston Properties, was ranked 190 with $2.4 billion. These figures are well within the amount to purchase the very best Miami Beach Condos which are currently available.

Stephen Schwarzman on The Importance of Education

Stephen Schwarzman has been known to state that “Education is the passport for advancement in the modern world and also in the not so modern world. And to be able to facilitate that for kids who otherwise would be mandated to be in a vastly inferior educational situation is really changing their lives.”

Founded a Ballet Society

The news has it that Stephen Schwarzman himself had the best education money can buy. He was lucky enough to attend Yale, with George Bush. Stephen Schwarzman also founded a ballet society to meet girls while attending one of the top education authorities.