2016 was a good year for the tycoons of global real estate despite the uncertainty in many markets. Twenty-two new individuals made the Forbes Billionaires List for the first time as a result of their property holdings. In total there are 194 real estate billionaires of the 1,810.
Wang Jianlin- $28.7 b
The world’s richest real estate mogul with a whopping $28.7 billion is China’s Wang Jianlin. This guy ranks in the top 20 billionaires on the planet making his fortune building shopping plazas and hotels. Last year was a big year for him with Wanda Commercial Properties and Wanda Cinema Line both going public.
Lee Shau Kee- $21.5b
The second wealthiest guy in property is the Hong Kong native Lee Shau Kee who places 31st in the overall rich list. His story is a Disney one too coming from a family that had to ration fish and meat as it was over their weekly budget. His impressive portfolio ranges from hotels to energy and investments.
Michael Otto- $15.4b
The Otto Group is recognised as the foremost internet retailer after Amazon.com. It was founded by Michael’s father and encompasses both financial services and real estate. The ECE Group controls 196 shopping centers and develops office complexes, industrial buildings, and special purpose properties.
Donald Bren- $15.1b
Mr. Bren is Donald Trump’s idol and America’s wealthiest property tycoon. The number one developer in the States owns a giant 110 million-square-foot portfolio in California. His name is on more than 500 office buildings and 50,000 apartments, three hotels, and many golf clubs. Lately, he has cast his eye upon Silicon Valley developing office campuses and apartments for tech companies.
Simon and David Reuben- $14.4b
The successful Mumbai-born brothers spent their coming-of-age years trading scrap metals and selling carpets. Presently, they have business ventures in everything from real estate to private equity. Their notable real estate properties include a 1.5 million square meters of coastline in Ibiza, L’Union Bancaire Privee Bank in Monaco, and The Piccadilly Estate which comprises of 94 Piccadilly, worth more than $320 million.
Joseph Lau- $13.1b
Mr. Lau has accumulated a vast amount of dosh since his arrival on this planet in 1951. He owns 75 percent of Chinese Estates, one of Hong Kong’s premier real estate investors. His collection of diamonds would make any collector envious; the 12.03 blue diamond is the jewel in the crown. His career has been muddied with several bribery and money laundering charges; if convicted he faces five years in jail.
Raymond Kwok- $13b
The sole chairman of Sun Hung Kai Properties, Raymond inherited the publicly traded company after his father’s death. He owns Hong Kong’s tallest sky skyscraper, the International Commerce Centre, and the International Finance Centre.
Stephen Ross- $12b
Mr. Ross is the majority owner of The Related Companies—a global real estate development firm known for the Time Warner Center where Stephen lives and works. In his spare time, he is a Miami Dolphins fan, which he also owns.
Robert Kuok- $10b
Mr. Kuok has more money than anyone else in Malaysia. Oh and 7,480,267,148 other people. He built the first Shangri-La Hotel in Singapore in 1971 then moved on to owning 10 bottling companies for Coca-Cola in China and developing the Beijing World Trade Centre.
Andrew Beal- $9.4b
Andrew is the definition of a multi hyphenate with his bio reading banker, businessman, investor, poker player, and mathematician.