Richard LeFrak

About Richard LeFrak

Birth Year: 1945
Birth Place: New York, New York, United States
Alma mater: B.A. Amherst College J.D. Columbia University
Occupation: Businessman
Spouse(s): Karen Tucker
Children: James Tucker LeFrak Harrison Tucker LeFrak
Parent(s): Samuel J. LeFrak Ethel Stone

Richard LeFrak Net Worth

Richard LeFrak was bornon 1945 in New York, New York, United States. Richard LeFrak became CEO of the LeFrak Organization in 2003 when his father Sam died. The father-son team transformed the business, which started in France in 1883, into one of the largest real estate developers in the New York area. Holdings include LeFrak City - a 20 building, 5,000-unit apartment complex in Queens - and hundreds of acres across from Manhattan to Newport, N.J. Known for apartments for moderate-income tenants in the areas around New York City, LeFrak has recently been expanding into luxury and new markets. LeFrak sat on President Donald Trump's infrastructure council before it was disbanded in August 2017. Trump and LeFrak are longtime friends.
Richard LeFrak is a member of Real Estate

💰 Net worth: $6.1 Billion (Updated at 22 June 2018)

2009 $4 Billion
2010 $4.3 Billion
2011 $5 Billion
2012 $5.2 Billion
2013 $5.6 Billion
2014 $5.8 Billion
2015 $6.1 Billion
2016 $6.7 Billion
2017 $6.5 Billion
2018 $5.65 Billion

Some Richard LeFrak images

Famous Quotes:

The real estate business is just a proxy for the demographics of a community. If a community is growing, the real estate business benefits from it. If the community is shrinking, then the real estate business gets damaged.

Biography/Timeline

1945

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.

1968

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 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.

1995

LeFrak currently sits on the board of Directors of the Prostate Cancer Foundation and is a member of the board of trustees of the American Museum of Natural History. From 1995 to 2007, he was a board member of Smith & Wollensky. Previously, he served on the board of trustees of Amherst College and Trinity School; was a member of the New York State Banking Board; and served as Director of BankUnited, Florida.

2013

LeFrak 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.

2017

In 2017, St. Joseph's Chapel, the Catholic September 11 Memorial at the World Trade Center, located in the Gateway Plaza in Battery Park City, was threatened with closure due to the St. Peter's parish's reluctance or inability to pay a tripling of its rent by a management company run by LeFrak corporation and partners.

2019

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.