Richard LeFrak Net Worth
Richard LeFrak Net Worth: Richard LeFrak is an American billionaire with a net worth of $5.8 billion. Born in New York City, NY in 1945, he is Chairman and Chief Executive Officer of LeFrak, a real estate development company owned and operated by the LeFrak family for over a century.
The company was founded in France in 1883 by Richard LeFrak’s great-grandfather, Maurice, and was taken over by Richard’s grandfather, Harry, who began developing real estate in 1901. Richard’s father, Samuel, further expanded the business, turning it into one of the leaders in owning, developing and managing property in the US A graduate of the Colombia University, Richard LeFrak joined the LeFrak Organization in 1968. Seven years later, he was appointed President, whereas he got elected Chairman and CEO after his father’s death in 2003. Successfully managed by Richard, the firm has a real estate portfolio that includes major developments in Battery Park City, LeFrak City in Queens and Newport in Jersey City. Richard LeFrak is also an active supporter of philanthropy, chairing the Richard S. and Karen LeFrak Charitable Foundation, whose mission includes supporting a variety of charitable organizations.
