Richard LeFrak & family

Richard LeFrak & family

Richard LeFrak & family (#1408)

Global Rank #1408
Country Rank #508
Country United States

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

Snapshot

Quick Facts

Global Rank #1,408
Country Rank #508
Net Worth $2.9B
Previous Worth $2.9B
Worth Change +$0.0B
Country United States
Industry Real estate
Age 80 Years
Gender M
Worth As Of May 4, 2026
Last Refreshed 28 Jul 2026, 12:00 AM
Residence New York, New York
World Billionaires List United States Billionaires Real estate

Profile Data

Personal Stats

Age 80
Source Of Wealth Real estate
Self Made Score 5
Philanthropy Score 2
Residence New York, New York
Citizenship United States
Marital Status Married
Children 2
Education Bachelor of Arts/Science, Amherst College; Doctor of Jurisprudence, Columbia University
Net Worth Change +$0.0B +0.0% from previous worth
Previous Net Worth $2.9B
Current Net Worth $2.9B

Worth as of May 4, 2026

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.

Insights

Did You Know?

Sons Jamie and Harrison are being groomed to be the next generation of LeFraks to run the business.

A large investment portfolio includes stakes in customer relationship management startup Affinity, skincare brand Fig.1 and storage firm MakeSpace.

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.

Worth Trend Net Worth Growth
Period Change Worth Movement
Current Net Worth: $2.9B (May 4, 2026)

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