Richest Real Estate Investors In The World 2023 [Top 10]
With the ever-changing landscape of the real estate market in 2023, it is essential to recognize the individuals who have not only navigated the challenges but also seized the opportunities presented to them.
Throughout this article, we will take a closer look at top 10 richest real estate investors in the world, examining their backgrounds, major investments, strategies, and valuable insights. By understanding their journeys and successes, we can gain valuable knowledge and inspiration for our own real estate ventures.
Top 10 richest real estate investors in the world
10. Stan Kroenke
- Net worth as of August 14, 2023: $12.9 billion
- Profession: Businessman and real estate investor
- Age: 74 (as of August 14, 2023)
- Country: United States
Stan Kroenke is a renowned businessman and real estate investor from the United States. While he is well-known for his ownership of sports teams, including the Los Angeles Rams, Kroenke has also made significant investments in real estate. His journey in real estate began when he founded the Kroenke Group, a real estate development firm focused on shopping centers and apartment buildings. He later launched THF Realty, specializing in suburban development and shopping centers. Kroenke’s ventures in real estate have played a crucial role in amassing his fortune, which now stands at $12.9 billion. In addition to real estate, Kroenke has diversified his investments into various other industries.
9. Hugh Grosvenor
- Net Worth: as of August 14, 2023: $13 billion
- Profession: Not specified
- Age: Not specified
- Country: United Kingdom
Hugh Grosvenor, also known as the 7th Duke of Westminster, is a real estate investor from the United Kingdom. He inherited his wealth and position from his father, Gerald Grosvenor, the 6th Duke of Westminster. The Grosvenor family has a long-standing legacy in real estate, with a portfolio of over 1,500 properties across more than 60 countries. Their holdings include prestigious properties such as the Beaumont Hotel and Gagosian Gallery in London. Hugh Grosvenor continues to manage and expand the family’s real estate empire, building upon a legacy that has lasted for centuries.
8. Joseph Lau
- Net Worth: as of August 14, 2023: $13.3 billion
- Profession: Businessman and investor
- Age: Not specified
- Country: Hong Kong (currently living as a fugitive in Macau)
Joseph Lau is a prominent businessman and investor from Hong Kong who gained his wealth through his majority stake in Chinese Estates Holdings, a leading investment holding company involved in property rental, money lending, and loan financing. However, Lau faced legal troubles in 2014 when he and his business partner, Steven Lo, were found guilty of bribery and money laundering. Despite denying the charges, both were convicted. Lau was sentenced to five years and three months in prison but chose to flee the country. He is currently living as a fugitive in Macau, where there is no extradition agreement with China.
7. Peter Woo
- Net worth as of August 14, 2023: $14.3 billion
- Profession: Businessman and real estate investor
- Age: Not specified
- Country: Hong Kong
Peter Woo, a real estate investor from Hong Kong, joined his wife’s family business, Wheelock & Co., after a career in banking. He eventually became the chairman of the company and played a significant role in its real estate development and investments. Woo’s net worth is $14.3 billion.
6. Robert and Philip Ng
- Net worth as of August 14, 2023: $15.2 billion (combined)
- Profession: Businessmen and real estate developers
- Age: Not specified
- Country: Singapore
Brothers Robert and Philip Ng inherited the Far East Organization, Singapore’s largest private landlord and property developer, from their father. They have expanded the empire and launched Far East Hospitality, Singapore’s largest hospitality portfolio. The Ng brothers are the second richest individuals in Singapore, with a combined net worth of $15.2 billion.
5. Harry Triguboff
- Net Worth: as of August 14, 2023: $15.5 billion
- Profession: Real estate developer and businessman
- Age: Not specified
- Country: Australia
Harry Triguboff is an Australian real estate tycoon known for revolutionizing Sydney’s housing market by introducing high-density apartment living. His company, Meriton, has developed over 75,000 apartments, catering to the growing population’s housing needs. Triguboff’s entrepreneurial prowess and dedication to transforming Sydney’s urban landscape have earned him a net worth of $15.5 billion.
4. Donald Bren
- Net Worth: as of August 14, 2023: $17.4 billion
- Profession: Real estate developer and businessman
- Age: Not specified
- Country: United States
Donald Bren is the visionary founder of the Irvine Company, a real estate empire with a vast portfolio of properties in Southern California. His holdings include office buildings, residential complexes, and iconic landmarks like the MetLife Building in Manhattan. Bren’s strategic vision and commitment to excellence have made him the wealthiest real estate billionaire in the United States, with a net worth of $17.4 billion.
3. Dan Gilbert
- Net Worth: as of August 14, 2023: $23.5 billion
- Profession: Businessman and investor
- Age: Not specified
- Country: United States
Dan Gilbert, the founder of Quicken Loans, has made significant investments in real estate. Through his company Bedrock Detroit, Gilbert has purchased and renovated historic buildings in Detroit, revitalizing the city’s urban center. His real estate investments have played a crucial role in the city’s economic redevelopment. Gilbert’s net worth is $23.5 billion.
2. Lee Shau Kee
- Net Worth: as of August 14, 2023: $27.6 billion
- Profession: Business magnate, philanthropist, and entrepreneur
- Age: Not specified
- Country: Hong Kong
Lee Shau Kee is a prominent figure in the real estate, philanthropy, and entrepreneurship sectors. He co-founded Sun Hung Kai Properties, a multibillion-dollar property developer, and established Henderson Land Development, a leading property giant. Lee’s visionary leadership and significant contributions have solidified his position as the second wealthiest individual in Hong Kong, with a net worth of $27.6 billion.
1. Li Ka-shing
- Net worth as of August 14, 2023: $37.8 billion
- Profession: Business magnate, investor, and philanthropist
- Age: Not specified
- Country: Hong Kong
Li Ka-shing is a Chinese real estate investor from Hong Kong. He started as the owner of a plastics manufacturing business called Cheung Kong Industries in 1958. Recognizing the potential rise in rental costs, Li decided to invest in real estate and developed a factory building for his own use. This decision proved to be successful, and he went on to establish Cheung Kong Holdings, which became one of the premier property developers in Hong Kong. Li’s real estate investments and developments have contributed to his net worth of $37.8 billion.
