Despite a pandemic that has wreaked widespread havoc on the rest of us, the world’s richest have grown richer by $ 500 billion in the past year, raising the bar for a place in the Forbes annual ranking. of the richest 400 Americans.
Those on the list included tech titans, hedge funds, retail giants and, of course, real estate moguls.
Warren Buffett, of whom Berkshire Hathaway Homeservices is just one part of his vast investment empire, led the pack in 8th place, with a net worth of $ 102 billion, against $ 73.5 billion the last year.
Next, Blackstone’s Stephen Schwarzman was with a net worth of $ 37.4 billion, up from $ 19.1 billion. This secured him 19th place on the list. Carl Icahn, who was part of his fortune by bypassing malls, took 43rd place, with a net worth of $ 16.6 billion.
Donald Bren, the first real estate mogul to make the list, has once again been crowned America’s richest real estate baron. His fortune of $ 16.2 billion was up from $ 15.3 last year.
Stan Kroenke, credited as both a real estate and sports mogul, ranked 70th with a net worth of $ 10.7 billion, up from $ 8.3 billion last year. Kroenke founded Kroenke Group in 1983, a real estate development company that built shopping malls and apartment buildings. He is also married to Walmart heiress Ann Walton-Kroenke (83rd on the list).
AirBnB CEO and co-founder Brian Chesky also saw his net worth jump from $ 3.1 billion last year to $ 12.5 billion. This secured Chesky’s 57th place on the list. Other AirBnB co-founders Joe Gebbia and Nathan Blecharczyk were also on the list, albeit a little lower, with net values of $ 10.8 billion and $ 10 billion, respectively.
Philip Anschutz, who partially built his fortune by investing in oil, railways and real estate, secured the 66th place on the list with a net worth of $ 10.8 billion.
Beal Financial Corporation founder Andrew Beal, who invested part of his fortune in distressed assets, also saw his net worth jump from $ 7.6 billion to $ 9.9 billion.
New to the list is Mat Ishbia, president and CEO of Michigan-based mortgage lender United Wholesale Mortgage, now UWM Holdings. With a net worth of $ 8.3 billion, he claimed 102nd place. Ishbia was tied with, among a few other billionaires, Related Companies chairman Stephen Ross. Ross’s net worth of $ 8.3 billion was up from $ 7.2 billion last year.
Sun Hongbin, founder and chairman of Sunac China Holdings – one of China’s largest real estate developers – was also new to the list. Its $ 6.9 billion earned it 134th place.
Jonathan Gray’s $ 7.4 billion from Blackstone landed him 120th on the list. His net worth almost doubled from $ 3.9 billion last year. Neil Bluhm, owner of 900 North Michigan Avenue and the Ritz Carlton in Chicago, saw his net worth jump from $ 4 billion last year to $ 6.4 billion this year.
Not everyone has seen an influx of money this year. Donald Trump, whose net worth was valued by Forbes at $ 2.5 billion, missed $ 400 million, not making the list for the first time in 25 years.
The other real estate moguls who made the list were Leonard Stern ($ 6.2 billion); Edward Roski Jr. ($ 6.1 billion); John A. Sobrato ($ 6.1 billion); Sam Zell ($ 6 billion); Ray Lee Hunt ($ 5.7 billion); Karen Pritzker ($ 5.7 billion); Jeff Greene ($ 5.1 billion); Ted Lerner ($ 4.7 billion); Igor Olenicoff ($ 4.7 billion); Tom Pritzker ($ 4.5 billion); Barry Sternlicht ($ 4.5 billion); Rick Caruso ($ 4.3 billion); Robert Rowling ($ 4.3 billion); Ty Warner ($ 4.3 billion); Richard LeFrak ($ 3.9 billion); Donald Sterling ($ 3.9 billion); Bernard Francis Saul II ($ 3.8 billion); Roger Wang ($ 3.8 billion); John Catsimatidis ($ 3.7 billion); Charles Cohen ($ 3.6 billion); Jay Paul ($ 3.6 billion); Jerry Speyer ($ 3.6 billion); Herb Simon ($ 3.4 billion); Steve Wynn ($ 3.3 billion); Ross Perot Jr. ($ 3.2 billion); Jeff Sutton ($ 3.1 billion); Mortimer Zuckerman ($ 3 billion); Jane Goldman ($ 2.9 billion).