Thomas Barrack

About Thomas Barrack

Birth Year: 1947
Birth Place: United States
Education: University of Southern California (BA, JD)
Political party: Republican
Spouse(s): Rachelle Barrack
Children: 4

Thomas Barrack Net Worth

Thomas Barrack was bornon 1947 in United States. Contrarian real estate investor Thomas Barrack founded Colony Capital in 1991 to buy bad real estate loans from busted S&Ls. The firm now manages $34 billion in assets, including $18 billion in 16 commercial real estate and distressed debt-focused funds. The grandson of Lebanese immigrants to Los Angeles, he has built his fortune through buying out-of-favor assets, including some $200 million in Middle East real estate and $534 million in non-performing German real estate loans. Quirkier investments include Michael Jackson's Neverland Ranch and a $24 million loan to photographer Annie Leibowitz.
Thomas Barrack is a member of Investments

💰 Net worth: $1 Billion

2010 $1.2 Billion
2011 $1.1 Billion
2012 $1.1 Billion
2013 $1 Billion
2018 $1 Billion

Some Thomas Barrack images

Biography/Timeline

1969

His grandparents immigrated to the United States from Lebanon. He graduated with a BA in 1969 from the University of Southern California (USC) where he was a star on their national championship rugby team. He attended USC and USC Gould School of Law receiving a JD in 1972 and he was an Editor of the Law Review.

1990

Barrack was later a principal with the Robert M. Bass Group. In 1990, he founded Colony Capital, with initial Investments by Bass and GE Capital, and later Eli Broad, Merrill Lynch, and Koo Chen-fu. He has invested some $200 million in Middle East real estate, $534 million in non-performing German real estate loans, and made a $24 million loan to Photographer Annie Leibovitz. He also owns the Neverland Ranch. Through Colony Capital, he runs a $25 billion portfolio of assets, from the Fairmont Raffles Hotels International hotel chain in Asia, the Aga Khan's former resort in Sardinia, Resorts International Holdings, One&Only Resorts, Atlantis, etc.

2011

As of September 2011, Barrack was the 833rd richest person in the world, and the 375th richest in the United States, with an estimated wealth of US$1.1. billion. However, he was no longer a Billionaire in 2014.

2016

Barrack is married, and he has four children. They reside in Los Angeles, California. He also owns a 1,200-acre mountain ranch near Santa Barbara, California. He is Roman Catholic. His wife filed for divorce in 2016.

2017

In October 2017, Barrack's Colony Capital invested in film production company The Weinstein Company to allegedly keep it afloat in light of the sexual misconduct allegations against Harvey Weinstein. Barrack had previously owned a stake in Miramax, the Weinstein brothers’ predecessor film company.