Buying real estate can be a good way to generate wealth. Real estate is a good investment because it has low interest rates and high tax benefits. It also generally increases in value.
https://sites.google.com/view/richestrealestateinvestors/
Many of the world`s richest investors started out in real estate. They had a vision and the perseverance to invest, as well as a desire to earn a lot of cash.
1. Richard Lefrak
Richard Lefrak, a New York businessman, owns, manages and develops real estate. He is a strong supporter of charity.
His family firm, LeFrak Organization, owns and develops a variety of commercial, residential and retail projects across the United States. It also has extensive experience in the development and management of waterfront communities.
He is credited for leading the company’s expansion and diversity outside the New York region, expanding its brand of residential, office and hotel properties across the country. The firm bought a stake in the 1 Hotel and Residences South Beach Project in Miami in February last year. It is scheduled to open in 2014.
2. Yang Huiyan
Real estate is a lucrative investment. It has created hundreds of millionaires and billionaires across the globe.
Yang Huiyan, a Chinese billionaire, owns a majority stake in Country Garden Holdings. She founded the company with her father. Her fortunes plummeted this year when China`s property market experienced its worst downturn in 10 years.
Her net worth dropped to $11.3 billion from $23.7 billion one year earlier. Country Garden`s share of profit that is attributable to the owners has fallen by 96 percent since last year, as credit and trade concerns have hit China`s property market.
3. Prince Alwaleed Bin Talal Alsaud
Prince Alwaleed Bin Talal Alsaud is one of the richest real estate investors in the world. He is well-known for his investments, which include 21st Century Fox and Citigroup as well as Apple, Twitter, and Twitter.
He has also been a prominent philanthropist, donating millions of dollars to charities. He donates money to charities that assist those who have been displaced by the Israeli-Palestinian Conflict.
The businessman is the chairman of Kingdom Holding Company, a major investment firm. He also owns a large portfolio of assets including real estate and stocks.
4. David and Simon Reuben
Indian-born brothers David and Simon Reuben have become the richest real estate investors in the world. Their portfolio includes offices, hotels and retail properties in Europe and the UK.
Born in Bombay to Jewish parents, the Reuben brothers grew up with a business background. They worked in scrap metal trading and carpet importation before investing in property in London, where they became successful.
They also own the Reuben Brothers Foundation, which helps charitable causes. They have a number of properties in the UK including Millbank Tower, AMEX`s headquarters in Victoria, Carlton House and Hereford House on Oxford Street.
5. Leonard Stern
Stern joined his father Max`s pet supply business in 1959 and expanded into real estate seven years later, acquiring a New Jersey warehouse. Today, his Hartz Mountain firm owns over 38 million square feet of real estate primarily in the New Jersey area.
In addition to being one of the richest real estate investors in the world, Stern is also a philanthropist. He has made significant contributions to his alma mater, New York University. He founded a non-profit organization to help homeless families in New York City.