Market Overview

New York Property Moguls Battle it Out on Forbes's Super Rich List


New York property bigwigs vie for a higher, much-coveted spot’s super rich list this year, with many seeing increases in their wealth from last year’s.

According to a report on The Real Deal, New York City’s real estate magnates have taken their rivalries from the property market to Forbes’s 400 richest people in America list.

Blackstone Group CEO and Chairman Stephen Scwarzman occupied the no. 42 spot on the Forbes 400 list with $10.6 billion in revenues, making him the richest among the real estate moguls.

Related Companies Chairman Stephen Ross (No. 83) has overtaken Richard LeFrak (No. 88) of developer LeFrak, a privately held family-owned property management and developing business. According to the paper, Ross’s income this year reached $6 billion, while LeFrak’s revenues grew to $5.8 billion.

Leonard Stern, a property investor, entered the top 100 this year with $4.9 billion in revenues.

Donald Trump and Jerry Speyer of Tishman Speyer saw their riches grow by $4 billion this year.

Meanwhile, Sheldon Solow dropped to No. 151 with $3.6 billion to his name.

Retail investor Jeff Sutton of Wharton Properties also clocked in last at the no. 190 position. Despite finishing last among the property titans, his was still an incredible feat as he saw his fortune grew from $2 billion to $3 billion this year.

However, despite ringing in more revenues this year, the real estate players were still outperformed by former Mayor Michael Bloomberg, who climbed two spots to his No.8 position with $35 billion.

The also lists top real estate millionaires around the globe, for those who are curious to know other famous real estate players’ net worth.

One only needs to look at these millionaires to understand the potential of growing his or her income through real estate investing or sales. Real estate agents who are interested in seeing their incomes rise to epic proportions could start by using disruptive technologies to their advantage.

Realbiz Media Group, Inc. (OTCQB: RBIZ) is a Florida-based digital media company that develops disruptive proprietary video marketing software that agents and their brokers can use to promote their virtual tour listings online.

Its Virtual Tour Program allows real estate sellers to create virtual tours and presentations that are optimized for mobile viewing and could be syndicated through social media for only $29.95 a month.

The program features a video search engine optimization (VSEO) tool that automatically generates meta tags and descriptions for virtual tours and listings that agents have uploaded to the platform so that they could be found easily by consumers online.

The program also has tools for creating QR codes, e-flyers, and seller reports as bonus features.

Realtors can also make use of the company’s listing platform to market their listings with videos, slideshows and virtual tours. is a consumer site based on Realbiz Media’s patented marketing technology Nestbuilder Agent.

The web site makes a great platform for hosting real estate agents’ listings and for their personalized agent profiles which help them widen their reach and build their online reputation.’s agent and listing pages also feature a contact form as well as social media buttons that connect agents with their consumers easily.

Realbiz Media’s platforms, applications and web sites feature social integration, which allow agents to cross-publish their posts to social networks like Twitter, Facebook, and Pinterest.

To learn more about Realbiz Media and its products, contact or call 1.888.REAL.BIZ (888.732.5249).

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.


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