Top Real-Estate Tycoons
May 13, 2016 3 Comments
Here is the list of the 10 wealthiest real estate tycoons in the world:
1. Jianlin Wang
Age: 61
Net Worth**: US$33.7 billion
Country of Citizenship: China
Primary Company: Dalian Wanda Group
Wealth Source: Self-Made
2. Shau-Kee Lee
Age: 88
Net Worth: US$19.9 billion
Country of Citizenship: Hong Kong
Primary Company: Henderson Land Development
Wealth Source: Self-Made
3. Donald Bren
Age: 83
Net Worth: US$17.3 billion
Country of Citizenship: US
Primary Company: Irvine Company
Wealth Source: Self-Made
4. Ka-Yan Hui
Age: 57
Net Worth: US$8.9 billion
Country of Citizenship: China
Primary Company: Evergrande Real Estate Group
Wealth Source: Self-Made
5. Stephen Ross
Age: 75
Net Worth: US$7.9 billion
Country of Citizenship: US
Primary Company: Related Companies
Wealth Source: Self-Made
6. Joseph Lau
Age: 65
Net Worth: US$7.9 billion
Country of Citizenship: Hong Kong
Primary Company: Chinese Estates Holdings
Wealth Source: Inheritance/Self-Made
7. Thomas Kwok
Age: 64
Net Worth: US$7.2 billion
Country of Citizenship: Hong Kong
Primary Company: Sun Hung Kai Properties (SHKP)
Wealth Source: Inheritance
8. Raymond Kwok
Age: 64
Net Worth: US$7 billion
Country of Citizenship: Hong Kong
Primary Company: Sun Hung Kai Properties (SHKP)
Wealth Source: Inheritance
9. Walter Kwok
Age: 65
Net Worth: US$6.9 billion
Country of Citizenship: Hong Kong
Primary Company: Sun Hung Kai Properties (SHKP) as shareholder; founded Empire Group Holdings
Wealth Source: Inheritance
10. Harry Triguboff
Age: 83
Net Worth: US$6.4 billion
Country of Citizenship: Australia
Primary Company: Meriton Group
Wealth Source: Self-Made
With a combined net worth of US$123 billion, these 10 individuals have made the majority of their fortunes from real estate development, investment or management business. Of these real estate magnates, seven are from Asia; Hong Kong is home to five of the tycoons on the list, while two billionaires hail from China.
Hong Kong’s ultra high net worth (UHNW) individuals — defined as those with net assets of at least US$30 million — have a particular affinity for real estate; 9% of the region’s ultra wealthy population made their fortunes through the real estate industry, according to the Wealth-X and UBS World Ultra Wealth Report 2014.
Two Americans were in the top 10, while one Australian billionaire rounded out the rankings at No. 10.
China’s wealthiest man, Jianlin Wang, was No. 1 on the list with a net worth of US$33.7 billion as of April 2016.
Hong Kong’s Kwok brothers — Thomas, Raymond and Walter — were No. 7 to 9 on the list. They inherited Sun Hung Kai Properties, one of the largest real estate developers in Hong Kong, in 1990 after the death of their father, Tak-seng Kwok.
Six of the 10 real estate magnates were entirely self-made, building their fortunes from the ground up. Among the world’s self-made UHNW individuals, real estate is the second-most popular industry — at 7.3% of the population — after finance, banking and investment (26.4%), according to the World Ultra Wealth Report 2014. In comparison, real estate was the third-most prominent industry among UHNW individuals with a blend of self-made and inherited wealth, at 8.2%, after finance, banking and investment (17.4%) and industrial conglomerates (12.5%). Among UHNW individuals with purely inherited wealth, real estate wasn’t even in the top five industries.
Do note who seems to make more, operating where.
And do note that there is no Donald Trump in this list, no matter all the noise he makes.
About Keerthika Singaravel
wealthymatters 
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