Richard LeFrak
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Now27th
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- Name
- Richard LeFrak
- Net Worth
- 3.5 Billion USD
- Birth Date
- 29 August 1945
- Age
- 79
- Country
- United States
- City
- New York
- Business
- Real Estate
Richard LeFrak, an influential American billionaire, is the chairman and CEO of the LeFrak Organization, a prominent privately held real estate conglomerate. Born on November 28, 1945, in New York City, Richard represents the third generation of his family's business, which was founded by his grandfather, Harry LeFrak, in 1901.
Richard LeFrak graduated from Amherst College and later earned a law degree from Columbia University. He joined the family business in 1968, working alongside his father, Samuel J. LeFrak. Over the decades, Richard has significantly expanded the LeFrak Organization's portfolio, which includes a vast array of residential, commercial, and retail properties primarily in New York City, Los Angeles, and London.
Under Richard’s leadership, the LeFrak Organization has been involved in several high-profile projects, including the development of LeFrak City in Queens, New York, and Newport, a mixed-use community along the Hudson River in Jersey City, New Jersey. These developments are known for their scale and the innovative urban planning principles they incorporate, which emphasize livability and community amenities.
In addition to his real estate ventures, Richard LeFrak has diversified his investments, venturing into the energy sector and private equity. His strategic acumen and ability to adapt to changing market conditions have solidified his reputation as a shrewd businessman.
Richard LeFrak is also known for his philanthropic efforts. He supports various educational, cultural, and medical institutions, including his alma maters Amherst College and Columbia University. Additionally, he is a trustee of Mount Sinai Medical Center and has been involved in numerous charitable initiatives.
Throughout his career, Richard LeFrak has received multiple accolades for his contributions to the real estate industry. His leadership and vision have not only sustained the legacy of the LeFrak Organization but have also significantly impacted urban development and community building in the regions where his projects are located.
Richard LeFrak’s story is one of legacy, innovation, and philanthropy, reflecting his deep commitment to enhancing urban living and giving back to society.
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