Richard LeFrak
USINFO | 2013-12-23 14:04

 
Net Worth: $3.0 billion
 
Grandfather Harry started developing New York City real estate 1901. Father, Sam, became paragon of mass-market home building: “I produced an apartment every 16 minutes.” Richard studied at Amherst College, joined family business early 1970s; became chairman after dad died in 2003. Now runs company with 2 sons, Harrison and Jamie. Portfolio includes 5,000 apartments at LeFrak City in Queens, N.Y., 7-million-square-foot-commercial, residential, retail complex in Newport, N.J. Expanding Newport project; $10 billion “mini-city” will soon include a new office tower, 429-room Westin hotel and 4,500 more apartments and condos. On board of the American Museum of Natural History.
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