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Wealth-X Reveals: The 10 Wealthiest Real Estate Tycoons

Wealth-X has produced a list of the 10 wealthiest real estate tycoons in the world.

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 — ThomasRaymond 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.

Top Industries UHNW Individuals - WUWR 2014
Source: World Ultra Wealth Report 2014

Learn more about these real estate tycoons below. Read Manager Magazin’s feature on the list here (in German).

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

**Note: Net worth as of April 14, 2016. Wealth-X’s dossiers for the most notable billionaires have real-time net worth valuations that may fluctuate from day to day based on changes in publicly listed equity share prices and changes in currency exchange rates.

New and Notable Luxury Properties for Sale | January 2016

From a preserved historic property in Beijing to a mountain chalet compound in Switzerland, this month’s collection of exceptional properties for sale feature homes from some of the world’s finest locales.

China

¥600,000,000 CNY | Beijing, China | Beijing Sotheby’s International Realty

The Class I key preservation zone of Beijing’s downtown area is rich in historical and cultural heritage. This property features a unique courtyard with a traditional artist painting from the landmark Forbidden City, modern interior decor, central air-conditioning, all floor heating, a both Chinese and Western-Inspired kitchen, sunken courtyard and inviting projected theater room.

Florida

$55,000,000 USD | Palm Beach, Florida | Sotheby’s International Realty – Palm Beach Brokerage

Located in one of Florida’s most sought after destinations, this grand estate has six bedrooms and 11 baths in the main house and three bedrooms and three baths in the guest house. Meticulously designed and remarkably landscaped grounds surround the main house; some of the features offered are a wine cellar, movie theater, gym, sauna, steam room and five-car garage.

France

Price Upon Request | Cote D’Azur, France | Côte d’Azur Sotheby’s International Realty

This property is located in the village of Beaulieu sur Mer which forms part of the area known locally as the “Golden triangle’. The villa is set over three principal levels; offering spacious family accommodation and including both an interior and exterior swimming pool, there are six bedrooms with bathrooms en suite, a fully equipped professional kitchen, an office and a large living room. From the living room you exit onto the terrace and gardens leading to the swimming pool where you also will find a BBQ, summer kitchen and storage room. There is also a cellar and cold storage room in the lower levels and, to complete this extraordinary property, the garage is fit for at least ten cars with a turntable to assist the entry and exit of the cars.

Australia

Price Upon Request | New South Wales, Australia | Sydney Sotheby’s International Realty

Boasting one of the most incredible positions on Middle Harbour and qualifying as one of the largest waterfront holdings in Mosman, this impressive, magnificently appointed residence offers a rare opportunity. 38 Bay Street is an architectural masterpiece sitting on approximately 1514 square meters of gentle sloping land that stretches down to the water with private boat shed and jetty. Walls of glass highlight multiple living and entertaining areas, a central courtyard, a full separate master wing with walk in dressing room and ensuite that flows to a massive outdoor terrace with private spa.

Switzerland

Price Upon Request | Valais, Switzerland | Cardis Immobilier Sotheby’s International Realty

This unique property in the Swiss Alps spans over 2,000 square meters of mountainside featuring a master chalet, an entertainment chalet and a guest chalet with a spa and leisure complex that rivals those offered in most luxury resorts. It consists of a 25 meter pool, Turkish bath, sauna, jacuzzi, gym, massage and treatment rooms among other amenities. The property also features an impressive garage for housing up to ten cars.

View Newly Listed Luxury Properties for Sale >

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NEW & NOTABLE LUXURY PROPERTIES FOR SALE | DECEMBER 2015

Beginning with a prestigious gated estate in New Jersey to a sprawling mountain manor in Switzerland, this month’s collection of exceptional properties for sale features homes in some of the world’s most sought after destinations.

New Jersey

$27,800,000 USD | Alpine, New Jersey | Prominent Properties Sotheby’s International Realty

New Jersey – Located in the prestigious and private gated Estates at Alpine, this magnificent estate home, among the most preeminent and elegant of its kind, is located on almost 13 acres. Only minutes from Manhattan, the estate includes a 13,000 square-foot English Manor-style residence, a carriage house, English gardens, aviary and a private stocked pond. Renovated twenty-five years ago, this home, with its classic Palladian influences, now affords the extraordinary opportunity to make it your own.

St. Barth

Price Upon Request | St. Barthelemy | St. Barth Sotheby’s International Realty

St. Barthelemy – Gouverneur Views is the combination of three villas; Villa Mirage is a three bedroom home with an oversized infinity pool and expansive pool deck, Villa Boudoir is one bedroom with an open-air kitchenette and a bar located on the pool terrace and Villa Reflet de la Mer is a gorgeous two bedroom villa that offers a contemporary take on traditional West Indies design and a breathtaking view of Gouverneur Beach. The pool is the focal point of the outdoor living space and the villas are just a short drive to pristine Gouverneur Beach and close to Gustavia’s shops and restaurants.

Beijing

¥350,000,000 CNY | Beijing, China | Beijing Sotheby’s International Realty

Beijing – The Powerful Mountain project is a quintessential masterpiece developed by R & F Properties Group. The mansion is a detached single house, a truly astonishing unrivaled estate in its scope and architectural form. The property is located within the second ring, the most lively area in Beijing. Inspired by the Baroque Era and imprinted with its signature sophistication, refinement and luxury, this home is surrounded by a Baroque garden and is completed by a indoor swimming pool, wine cellar and home theater.

Israel

₪ 160,000,000 ILS | Tel Aviv, Israel | Israel Sotheby’s International Realty

Tel Aviv – Located at the top of one of Tel Aviv’s best residential properties is The Penthouse, an over 16,000 square-foot residence surrounded by sea and skyline views. This masterful and magnificent redevelopment is set within the 19th-century buildings that once housed Jaffa’s French Hospital. Mindful of its heritage as one of Tel Aviv’s iconic historic landmarks, the project seamlessly blends the W Hotels’ signature amenities with architectural features from the original building. Designed by world-renowned architect John Pawson in collaboration with local architect Ramy Gill, the duo tastefully transformed the 2,000-year-old historic foundations uncovered during the construction into inviting public spaces. All of the residences are located in the newly constructed wing adjacent to the main hotel building with a private entrance and easy access to the diverse, high-quality services and amenities at the W Tel Aviv.

Switzerland

Price Upon Request | Geneva, Switzerland | Cardis Immobilier Sotheby’s International Realty

Geneva – This manor estate is surrounded by eight hectares of beautiful grounds. The property is remarkable for its absolute tranquility, unobstructed view of the Alps and the peak of Mont Blanc, and exceptional spaciousness. The property includes a number of leisure areas such as a private nine-hole golf course, a pool with pool house, a tennis court, a bowling court and a playground area in the woods with chalet. The house offers almost 1,000 square meters of habitable floor area and a basement.

View Newly Listed Luxury Properties for Sale

To visit Telluride Luxury Properties click here

Sotheby’s: 6 Villas You Need To See To Believe

6villas

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