Richard LeFrak & family

Richard LeFrak & family (#1477)

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.

$ 3 B
Real estate
United States
M
80 Years

About Me

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's biggest bet right now is SoLe Mia, a 184-acre mixed used project he's developing in North Miami. An owner of rent-stabilized apartments in New York, LeFrak took a hit in June 2019 when state lawmakers made it harder for landlords to raise rents.

Achievements

Career Highlights

A snapshot of the defining milestones, leadership decisions, and breakthroughs that shaped Richard LeFrak & family’s rise and global influence.

#1504 Billionaires (2026)
#345 Forbes 400 (2023)

Wealth Growth

Net Worth Growth Over Time

Tracking Richard LeFrak & family’s net worth journey over the years, highlighting key growth phases and financial milestones.

Current Net Worth: $2.8B (May 4, 2026)