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The Richest in Real Estate Top 100

#76 David Walentas

The Basics

Location: New York City | Net Worth: $1.93 B

Location: New York City | Net Worth: $1.93 B

David Walentas

Coming from a life of poverty on a farm in Rochester, NY, David Walentas has become one of NYC’s biggest real estate developers as he and his company Two Trees Management lead the way for Brooklyn’s redevelopment.

In the 1970s, David paid $12M for 2M SF of Brooklyn warehouses in what is now Dumbo. Now owning more than 15 properties across Dumbo, Brooklyn Heights, Williamsburg and Manhattan, David has transformed Brooklyn from a bunch of decaying warehouses into The Big Apple's hottest location and continues to improve Brooklyn’s waterfront. In 2012, David acquired the old Domino Sugar refinery for $185M and has been working to turn it into a mixed-use complex.

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    Location: Los Angeles | Net Worth: $1.17 B +
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    Location: New York City | Net Worth: $1.10 B +
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    Location: Indianapolis | Net Worth: $1.00 B +
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    Location: Austin/San Antonio | Net Worth: $10.70 B +
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    Location: San Francisco | Net Worth: $10.30 B +
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    Location: New York City | Net Worth: $10.00 B +
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    Location: New York City | Net Worth: $9.70 B +
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    Location: Dallas | Net Worth: $7.60 B +
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    Location: Washington DC | Net Worth: $6.90 B +
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    Location: New York City | Net Worth: $6.70 B +
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    Location: New York City | Net Worth: $5.80 B +
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    #15
    John A. Sobrato
    Location: Bay Area/San Francisco | Net Worth: $5.80 B +
    Richard Kinder
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    Location: Houston | Net Worth: $5.50 B +
    Ray Hunt
    #17
    Ray Hunt
    Location: Dallas/Fort Worth | Net Worth: $5.30 B +
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    #18
    Durst Family
    Location: New York City | Net Worth: $5.20 B +
    Ted Lerner
    #19
    Ted Lerner
    Location: Washington DC | Net Worth: $5.20 B +
    Rudin family
    #20
    Rudin family
    Location: New York City | Net Worth: $5.10 B +
    Tamara Gustavson
    #21
    Tamara Gustavson
    Location: Los Angeles | Net Worth: $5.00 B +
    Jerry Jones
    #22
    Jerry Jones
    Location: Dallas/Fort Worth | Net Worth: $5.00 B +
    Robert Rowling
    #23
    Robert Rowling
    Location: Dallas/Fort Worth | Net Worth: $4.90 B +
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    #24
    Jim Davis, New Balance
    Location: Boston | Net Worth: $4.90 B +
    Sam Zell
    #25
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    Location: Chicago | Net Worth: $4.80 B +
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    Location: Boston | Net Worth: $4.80 B +
    The Glazer family
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    Location: Miami | Net Worth: $4.70 B +
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    Location: New York City | Net Worth: $4.50 B +
    Donald Trump
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    Location: New York City | Net Worth: $4.50 B +
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    Location: New York City | Net Worth: $4.40 B +
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    Location: New York City | Net Worth: $4.10 B +
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    Location: Los Angeles | Net Worth: $3.10 B +
    Donald Sterling
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    Location: Los Angeles | Net Worth: $3.10 B +
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    #51
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    Location: New York City | Net Worth: $3.10 B +
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    Location: Miami | Net Worth: $2.90 B +
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    #54
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    #55
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    Location: Chicago | Net Worth: $2.70 B +
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    #56
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    Location: San Francisco | Net Worth: $2.70 B +
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    Location: San Francisco | Net Worth: $2.70 B +
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    Location: New York City | Net Worth: $2.50 B +
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    Location: Chicago | Net Worth: $2.30 B +
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