![]() As the owner of Irvine, Bren oversees an empire with more than 126 million square feet of real estate across southern California, much of it in Orange County, as well as more than 560 office buildings-including a 97% stake in Manhattan's MetLife Building-and 125 apartment complexes. The founder of real estate colossus the Irvine Company retains his spot as the richest real estate billionaire in the U.S. Here are the 24 real estate billionaires on The Forbes 400: (Net worths are as of September 3, 2021)ĭonald Bren Net Worth: $16.2 billion (Up from $15.3 billion in 2020) Residence: Newport Beach, California Horton fell off The Forbes 400 in 2005, his only previous appearance. Horton, whose shares have risen by nearly 50% over the past year on the back of growing demand for homes across the United States. ![]() And the only returnee to this year’s list is 71-year-old Donald Horton, founder of the eponymous Dallas-based homebuilder D.R. That’s not the case in red-hot south Florida, where real estate investors with large footprints in Palm Beach and Miami have benefited from a rise in property prices across the region: Palm Beach-based Jeff Greene, for one, is $1.2 billion richer this year thanks to his holdings in the Sunshine State. In Los Angeles, retail king Rick Caruso is $400 million richer partly due to growing foot traffic to his (mostly outdoor) malls in Silicon Valley, developers for the tech industry like John Sobrato and Jay Paul-who didn’t suffer as much of a drop in 2020 due to the resilience of their clients-saw their fortunes stay relatively flat. Even in New York, most of Manhattan’s real estate billionaires saw their fortunes recover from the depths of 2020.
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