Net Worth: $7.11 Billion
- Source of Wealth Real estate
- Birth Place New York, New York
- Marital Status Married (Karen Tucker LeFrak)
- Full Name Richard LeFrak
- Nationality American
- Date of Birth 1945
- Occupation Businessman, Executive
- Education Amherst College, Columbia University
- Children 2 (Harrison, James)
About Richard LeFrak
Richard LeFrak has an estimated net worth of $7.11 billion in July 2017, according to Bloomberg.
After graduating from the Columbia University, Richard LeFrak joined the real estate business, the LeFrak Organization owned by his family. In 2003, he assumed the position as the Chief Executive Officer after his father Samuel LeFrak died. He currently serves as one of the Board of Directors at Bank United.
The company’s real estate portfolio increased significantly in 2011. LeFrak Organization was founded by Richard’s grandfather which was later expanded by his father in New Jersey and New York City. In 197o, Richard LeFrak joined the organization and when Sam died in 2003, he became the Chairman of the Board. The company now owns 16 million sq.ft. of retail, residential and commercial properties and 5,000 apartments in LeFrak City.