Hui Ka Yan, a businessman who Forbes ranks as the third richest person in China and the twenty-second richest person in the world, narrowly misses a spot at the top of our leaderboard. Hui's extensive wealth comes courtesy of his position as president of Evergrande Group, one of China's largest and most profitable real estate groups. Hui founded the group in 1996, specializing in buying cheap properties in developing markets and then selling them for profit. The group now has more than 800 projects in more than 280 cities, as well as most of Guangzhou Evergrande, one of China's most successful soccer teams.
Andrew Carnegie is an industrialist based in the U.S. UU. Sharing his views on the real estate business, he once said, 90 percent of all millionaires made their fortune with real estate investment. We agree with this statement because the industry did not calm down even in the pandemic era.
Photo by Blake Wheeler on Unsplash Let's start now our list of the world's top real estate billionaires. Sunac China has an interesting history. It was started after Sun Hongbin lost his job at the famous Lenovo Company. To launch his company, Sun Hongbin had to borrow from Lenovo founder Liu Chuanzhi.
Sun was very successful in his real estate projects and soon listed Sunac on the Hong Kong Stock Exchange. One of Donald Bren's most important achievements is the development of Orange County in the U.S. Commended for Initiating Successful Projects for County. Ricky Sandler's Top 10 Actions Flash floods caused by heavy rains killed seven Iraqi tourists in northeastern Iran on Saturday, Iranian state media reported, the latest in rising casualties as rains continue to plague the country.
The official IRNA news agency said the tourists were part of a group of 13 Iraqis visiting Iran. Also on Saturday, Iranian authorities raised the death toll from landslides and flash floods that hit the country since Thursday to 61, when eight more bodies were recovered. These investors bought early and cheaply, and then grew their real estate conglomerates to the point where they accumulated billions and billions of dollars. That said, his real estate work is a part of what has helped build up his multi-million dollar fortune.
The real estate mogul remains an active force throughout California, as Bren continues to work as a planner and builder across the state, despite having amassed a fortune in real estate. Raymond Kwok was born into real estate royalty as the youngest son of the founder of Hong Kong's biggest developer. Chinese real estate investor Li Ka-shing opted for increased rents in the late 1950s, and that bet paid off to make him the most financially successful real estate investor in the world. With the global financial crisis of the mid-nineties now, but a distant memory, it seems that real estate is the business to be in if you want to make a lot of money, fast.
Australia's second richest person (and the eleventh richest real estate investor in the world), Harry Triguboff, made his billions by changing Sydney's architectural landscape. Li continued his work in real estate investment in the time since then, which led him to accumulate the largest real estate fortune in the world. As with other real estate investors on this list, Hugh Grosvenor, 7th Duke of Westminster, was born into a position of real estate investment power. Following his success building Quicken Loans with his brother, Gary, Gilbert focused on revitalizing the plague in Detroit and did so by investing heavily in real estate.
As the founder of Quicken Loans, Dan Gilbert is almost certainly better known for his home loan company than for his real estate investment. As its founder and CEO, Rick Caruso has made Caruso one of the largest and most admired private real estate companies in the United States. It wasn't until he met his wife, Bessie, daughter of Yue-Kong Pao, a shipping magnate and owner of property developer Wheelock%26 Co. Today, this king of real estate controls 115 million square feet of properties in South Carolina, in addition to other properties.
Since then, Kroenke has ventured into more than just real estate, he also owns a winery, a handful of sports teams and other businesses, but it's the focus on real estate investment that has helped Kroeknke reap his fortune, now worth billions of dollars. . .
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