Thomas Barrack Net Worth

Thomas Barrack, born in 1947 in the United States, is a contrarian real estate investor who founded Colony Capital in 1991. The firm now manages $34 billion in assets, including $18 billion in 16 commercial real estate and distressed debt-focused funds. Barrack has made his fortune through buying out-of-favor assets, such as Middle East real estate and non-performing German real estate loans. He has also made some quirkier investments, such as Michael Jackson's Neverland Ranch and a loan to photographer Annie Leibowitz.
Thomas Barrack is a member of Investments

Age, Biography and Wiki

Birth Year 1947
Birth Place United States
Age 76 YEARS OLD
Education University of Southern California (BA, JD)
Political party Republican
Spouse(s) Rachelle Barrack
Children 4

💰 Net worth: $1 Billion (2024)

Thomas Barrack, a prominent figure in the investment industry in the United States, is estimated to have a net worth of $1 billion by the year 2024. Known for his astute investments and shrewd business acumen, Barrack has made a name for himself by successfully navigating the complex world of real estate and private equity. With a portfolio that spans across various sectors, including hospitality, infrastructure, and media, Barrack has continuously demonstrated his ability to identify lucrative opportunities and generate significant returns. His wealth is a testament to his knowledge and expertise in the investment landscape, solidifying his position as a respected figure in the industry.

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.