Sunday, March 15, 2015
Gleaned off of Forbes Magazine's annual list of the world's 500 richest billionaires, here's the roundup on the today’s top 25 real estate tycoons, based off of their net fortune.
Ranked from #125 - 105 among the world’s richest, these property magnates raked in $9.9 - $11.7 billion in net worth.
25. MIKHAIL PROKHOROV
Net Worth: $9.9 billion
Rank: 125th richest person in the world
Prokhorov, famously, ran as an independent candidate against Vladimir Putin in the 2012 presidential elections (he got 8% of the vote). As a businessman, he made much of his fortune as one of Russia's leading industralists, with major investments in precious metals. Prokhorov also has stakes in real estate through Open Investments, a Russian property developer with 38,000 hectares of land in Moscow and the regions. He owns the NBA team the Brooklyn Nets.
24. MOHAMMED AL AMOUDI
Net Worth: $10.8 billion
Rank: 116th richest person in the world
Ethiopia's richest man; the second richest Saudi citizen in the world; and the second richest black person in the world, according to Forbes, in 2013. The tycoon initially delved in construction and real estate, then diversified into oil, agriculture, mining, healthcare, and manufacturing.
23. JOSEPH LAU
Net Worth: $10.9 billion
Rank: 114th richest person in the world
Joseph Lau holds a 61-percent stake in Chinese Estate Holdings, one of the top real estate investment holding companies in Hong Kong. He was, unfortunately, involved in a bribery and money laundering case in whch he and another party were charged for bribing a public official in Macau over a bid for five plots of land.
22. ROBERT KUOK
Net Worth: $11.3 billion
Rank: 110th richest person in the world
Known as Malaysia's richest man, Kuok and his conglomerate Kuok Group hold an extensive portfolio of properties in Canada, Australia, Malaysia, Singapore, Hong Kong, Thailand, China, and the Philippines, where their investments include the Shangri-La hotels and resorts. Kuok also deals in sugar, palm oil, and shipping.
21. ANDREW BEAL
Net Worth: $11.7 billion
Rank: 105th richest person in the world
Hailing from Dallas, Texas, this banker-businessman-investor started investing in real estate when he was 19. Since then, Beal has accumulated a fortune in flipping properties. He is known, also, as the founder and chairman of Beal Bank and its affiliated companies