No surprises; properties are getting valued more and more. With the rise of these profits comes alongside the banks of the world’s richest real estate investors. Factually, it’s been known that the industry has been affected by the global financial crisis when the 2000s came in, but it seems as if real estate is back in the moneymaking game.
At this point, commercial and residential properties are getting valued way better than before as office rents and private properties become the best pieces of businesses and homes each year. However, the best people in real estate investing are found in the Asia-Pacific side of the world. Next to them are the Westerners who have also proven to be some of the most elite moguls in the industry.
Real estate investing has been one of the few reasons why multimillionaires are, well, multimillionaires and a handful of billionaires as well just for good measure. Donald Trump is an acclaimed real estate billionaire––but he doesn’t even surface the richest real estate investors in the world. In fact, here’s a list of the ___ richest of the bunch in the world!
1. Lee Shau Kee (Net Worth: $28.6 billion)
As we’ve said, there are going to be a ton of Asian names on this list and you have to give credit where credit is due. Lee Shau Kee is the richest of all the real estate investors in the world. He is behind Henderson Land Development, a property conglomerate with stake holdings in properties, hotels, restaurants, and internet services.
One of the more eye-catching and significant buildings Henderson has ever developed is the Internation Commerce Center that was co-developed by SHK Properties. In the world, it stands as the 12th tallest building by height and the 9th tallest building by the number of floors. Fun fact, the International Finance Center, the building that faces the International Commerce Center, was also co-developed by Henderson and SHK Properties.
Nicknamed ‘Hong Kong’s Buffet,’ Lee has been investing in China stocks for a long time and has already accumulated a fortune of $28.6 billion––putting him at the 29th richest person in the world.
2. Hui Ka Yan (Net Worth: $26.8 billion)
If you’ve heard of The Evergrande Group, then chances are you’ve heard of Hui Ka Yan. The real estate development company boasts of 700 projects across 240 cities in China, and the owner of the majority of the shares is none other than Hui himself. The company’s projects are mainly located across China. However, it already has a presence overseas namely Australie.
One of the company’s most remarkable projects is the Ocean Flower Island in Hainan. Possibly one of the most beautiful artificial creations all around the globe, the archipelago boasts of three independent islands totaled to 940 acres. Reportedly, the cost of the construction for the island was over $24 billion as it does include hotels, opera houses, shopping centers, a marine park, housing, and its own streets.
The mastermind behind The Evergrande Group? Hui Ka Yan, who has a staggering fortune of $26.8 billion.
3. Yang Huiyan (Net Worth: $23.4 billion)
Inheriting her wealth from her father, Yang Huiyan is the heiress of a billionaire real estate developer. She also spearheads her own real estate company named Country Garden Holdings, famous for township development in countries like China, Malaysia, and Australia. One of the company’s more acclaimed projects is a Forest City––a major development in southern Malaysia’s Iskandar region which costs $100 billion. Reportedly, Forest City is a smart city and is, fortunately, build on reclaimed land.
4. Wang Jianlin (Net Worth: $20.2 billion.)
Founder and owner of the Dalian Wanda Group, Wang Jianlin is the keeper of China’s largest real estate development company as well as the world’s largest movie theatre operator. That’s a lot of ‘largest’ in one sentence, isn’t it? Dalian Wanda Group has been investing not only in China but also in various countries across the globe. They focus on many opportunities in industries like construction, healthcare, sports, entertainment, media, financial services, technology, real estate, retail, and so much more.
Alongside the many commercial buildings, cinemas, stores, and hotels across China, Wanda Plazas are found in China’s best cities. Aforementioned, Dalian Wanda Group doesn’t just perform business inside China but has already developed deals globally with the likes of Chicago, Madrid, Sydney, and London––some of the biggest names in the world.
5. David and Simon Reuben (Net Worth: $18 billion)
The Reubens are not real estate moguls unlike the first four people mentioned. In Russia, they have invested their efforts in the metals market and has quickly been involved in the top three producers of aluminum.
Trans-World Metals, their company was called. At the very peak of their business, it’s been said that they controlled 5 to 7% of the world’s aluminum output. In Russia, they invested $1.5 billion while they invested $8 billion on a global scale.
Just like the great depression, Russia’s business environment was put to the ground––forcing the Reubens to sell their Russian assets and go in a different direction which was the United Kingdom, especially the London property market. That’s when it all started to pan out; now they own significant real estate assets like the Millbank Tower, the John Lewis Partnership headquarters in Victoria alongside the American Express, Connaught House on Berkeley Square, and a handful of hotels and commercial buildings.
As the years went by, their wealth continued to blossom, and are now worth $18 billion.
6. Donald Bren (Net Worth: $17 billion)
First American on the list is Donald Bren of the Irvine Company. Reportedly, the Irvine Company owns as much as 120 million square feet of real estate in California. However, the Irvine Company had its humble beginning as well––starting out as a cattle ranch that owned over 120,000 acres of land. The early 80s proved to be big years for Bren as he bought the shares of the Irvine Company from the family who owned it and started to develop real estate in the land.
Eventually, the cattle ranch became suburban communities in central and southern Orange County alongside numerous projects in Santa Monica, San Diego County, and Silicon Valley. The company also owns a handful of hotels, golf courses, office buildings, complexes, shopping centers, and more.
7. Thomas and Raymond Kwok (Net Worth: $16.5 billion)
Thomas and Raymond Kwok, also known as the siblings who own Hong Kong-based Sun Hung Kai Properties. In Hong Kong, SHK is one of the biggest property developers and it is controlled by none other than the Kwok Family Trust. A decade ago, SHK has proven to be the second most valuable real estate company not just in Hong Kong––but in the world.
With a revenue of over 85 billion in HK dollars, SHK has taken part in developing, owning, and managing a handful of real estate in the country. One of the more significant projects from SHK is their International Finance Centre in Hong Kong alongside the International Commerce Center.
Thomas and Raymond Kwok’s net worth is estimated to be $16.5 billion.
There are no excuses for the success of these people. Some inherited and some were even in the wrong business but at the end of the day, what got them going was investing in real estate. As you can see, the list doesn’t even include those below the $10 billion mark––the list is crazily rich enough to feed at least five full countries––and honestly, the list isn’t even breaking the ice yet.