Richard Lefrak Net Worth is$5 Billion
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Date of Birth: 1945
Country: New York City
Richard LeFrak Net Worth: Richard LeFrak is an American billionaire who has a net worth of $5 billion. Born in 1945 in New York, New York, he serves as Chairman and CEO of LeFrak, a real estate development company that is held and run by the LeFrak family for over a century. Founded back in 1883 in France, by Richard LeFrak's great grandfather, Maurice, the company was taken over by Richard's grandfather, Harry, who began developing properties in 1901. It was Richard's father, Samuel, who expanded the company's operations further, turning it into one of the leaders in owning, developing and managing property in the U.S. A graduate of the Colombia University, Richard LeFrak joined the LeFrak Organization in 1968. Seven years later, he was appointed President, whereas he got elected Chairman and CEO after his father's death in 2003. Successfully managed by Richard too, the company has a real estate portfolio that includes major development projects in Battery Park City, LeFrak City in Queens, and Newport, Jersey City. Richard LeFrak is also active supporter of charities, presiding over the Richard S. and Karen LeFrak Charitable Foundation, whose mission includes giving support to various charitable organizations.
Richard LeFrak (born in 1945 in New York, New York) is Chairman and CEO of LeFrak, a privately-held, family run company based in New York that owns, develops, and manages real property.

Richard LeFrak was born in 1945 to a Jewish family in New York City, one of four children of Ethel Stone and real estate developer Samuel J. LeFrak. LeFrak received a B.A. and graduated cum laude from Amherst College. LeFrak also holds a J.D. from Columbia University. In 1998, LeFrak received an Honorary Doctorate Degree from Amherst College.
Richard LeFrak joined his family's real estate firm, LeFrak, in 1968. In 1975 he was appointed President. In 2003, he was elected Chairman and CEO following the death of his father, Samuel J. LeFrak. In 1986 Richard LeFrak and his father began building in Jersey City, New Jersey on the site of abandoned piers and rail yards. The area is now known as Newport, a 600-acre neighborhood with 8 office buildings, 13 apartment towers, 2 hotels, an urban beach, schools, a retail mall, and parks.
Under Richard LeFrak???s guidance, LeFrak has increased its portfolio of residential, office, hotel, and retail developments.
Richard LeFrak is also credited with leading the LeFrak organization???s expansion and diversification outside of the New York area. In 2008 the company purchased a 12-story office building on Hollywood Boulevard as well as a medical building in Beverly Hills, California. In 2012 LeFrak purchased a stake in a South Beach, Miami luxury mixed-use property, including a hotel formerly known as the Gansevoort. The project is expected to open in early 2014 as the eco-minded 1 Hotel Homes.
Richard LeFrak has appeared on CNBC and Bloomberg Television. He was ranked #16 on the Commercial Observer's Real Estate Power 100 in 2013, # 20 in 2012, #20 in 2011, #10 in 2010, #18 in 2009, and #64 in 2008.
LeFrak currently sits on the Board of Directors of the Prostate Cancer Foundation and is a Member of the Board of Trustees of t

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Richard Lefrak Latest News

The Buildings Behind The World's Richest Real Estate Barons

According to Forbes, he is worth $15.2 billion ... and carries annual property taxes of $800,000. Richard LeFrak, chairman and CEO of the real estate development company LeFrak, is perhaps best known for taking 600 acres of land in Jersey City and ...
Posted: March 31, 2016, 6:44 am

Do Developers Have a Life (or a Fantasy Life) Outside of Real Estate?

(So much for indulging in fantasy.) “Never thought about it,” said Richard LeFrak of LeFrak. “Being a developer is my whole life.” “I would miss [it],” replied Tommy Craig of Hines. “It’s too late to change now, though.” “Well ...
Posted: October 17, 2016, 8:42 am

Richard LeFrak Donates $10 Million to the Prospect Park Project

Richard LeFrak, CEO of the LeFrak Organization, along with his sisters Denise, Francine and Jacqueline have donated $10 million to the Prospect Park Alliance and the New York City Department of Parks and Recreation to fund the cost of the Lakeside ...
Posted: November 14, 2013, 2:25 am
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