Richard LeFrak
New York, New York
Bachelor of Arts/Science, Amherst College | Doctor of Jurisprudence, Columbia University
United States
5
real estate
$6,300,000,000
272
2
#272 Billionaires 2019
#98 Forbes 400 2018
Richard LeFrak became CEO of the LeFrak Organization in 2003 when his father Sam died. The father-son team transformed the business, which started in France in 1883, into one of the largest real estate developers in the New York area.Holdings include LeFrak City - a 20-building, 5,000-unit apartment complex in Queens - and hundreds of acres across from Manhattan to Newport, N.J.Known for apartments for moderate-income tenants in the areas around New York City, LeFrak has recently been expanding into luxury and new markets.LeFrak's biggest bet right now is SoLe Mia, a 184-acre mixed used project he's developing in North Miami.
Sons Jamie and Harrison are being groomed to be the next generation of LeFraks to run the business. A large investment portfolio includes stakes in unicorn brokerage Compass, storage startup MakeSpace and mortgage software firm Blend.
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