George Marcus
Los Altos Hills, California
United States
real estate, Self Made
$1,400,000,000
1605
#1605 Billionaires 2019
San Francisco Bay Area real estate broker George Marcus has been in the business for over 40 years. Most of his fortune lies in a 54% stake in Marcus & Millichap, the publicly-traded real estate brokerage he founded in 1971. Marcus & Millichap specializes in commercial real estate in the U.S. and Canada, closing nearly 9,000 transactions valued at $42.3 billion in 2016. Marcus also controls a 2.4% stake in Essex Property Trust, a REIT he founded that owns 59,000 apartments along the West Coast. Marcus also has a stake in several private real-estate and investment companies, including SummerHill Housing Group and Pacific Urban Residential.
He graduated with a B.A. in economics from San Francisco State University and served on the Board of Regents of the University of California from 2000 to 2012. Marcus was born on a Greek island, northeast of Athens, and immigrated to the United States when he was four with his poor parents.
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