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Richard LeFrak has an estimated net worth of $6.2 billion.
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.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2018 |
Asset |
Money spent to join Mar-a-Lago, Trump's 'Winter White House' |
$200,000 |
|
2017 |
Earning Turned Donation |
Money donated to Donald Trump’s inaugural committee |
$150,000 |
|
2016 |
Earning Turned Donation |
Donation of Richard LeFrak to the Trump Victory fund |
$100,000 |
|
2016 |
Asset |
Development project on 600 acres of land in Jersey City into an area now known as Newport |
$10,000,000,000 |
|
2012 |
Earning Turned Donation |
Donation of LeFrak Charitable Foundation to support NYC School Visits to the museum |
$10,000,000 |
|
2012 |
Asset |
Construction cost of a gently sloping 4.5-acre park at the north end of Newport, near Hoboken Terminal |
$1,300,000,000 |
|
2012 |
Asset |
Money spent for the renovation and rebranding of Miami's premier luxury mixed-use properties, including a hotel formally known as the Gansevoort |
$100,000,000 |