LA's Wealthiest Real Estate Moguls
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LA has produced some of the top real estate assets in the country. Here are the local real estate tycoons with the biggest bank accounts.
Worth about $3.8B, according to Forbes. The second-generation leader of the company still has lofty goals for L.A., including construction of a football stadium. Majestic has more than 70M SF of office and industrial space in the country. Roski is most known for his role in putting up Staples Center in DTLA, where two teams he has stakes in, the Kings and Lakers, play.
Net worth of about $3.4B, according to Forbes. In addition to the hotel dollars, Pritzker runs The Pritzker Group, a VC and private equity firm, with his brother. Pritzker came up running several of his family’s holdings under its Marmon Group umbrella, including some of its manufacturing and distribution companies.
REIT Public Storage.
Worth about $3B, according to Forbes, she's the largest single shareholder in publicly traded REIT Public Storage. Gustavson is the daughter of company founder B.Wayne Hughes, who started the storage giant in 1972. Hughes also owns American Commercial Equities in Malibu, which acquires retail properties around the country.
He owns some of the top retail centers in Southern California, giving him a net worth of about $3B, according to the Los Angeles Business Journal. His firm, Caruso Affiliated, owns and operates the ritzy Americana at Brand in Glendale, The Grove in L.A. and several more trophy outdoor malls. Most recently, Caruso picked up a large retail piece on Swarthmore Avenue in the Pacific Palisades, which he plans to put the Caruso touch on.
He'll see his worth rise now that he’s sold off the Clippers, but Forbes currently estimates it at about $2.8B. Most of Sterling’s wealth comes from decades of buying up cheap apartment buildings around L.A. Sterling also does have some top notch assets, including the California Bank Building on Wilshire (now known as Sterling Plaza) and Sterling International Towers in Westwood. Humility be damned.