R ichard LeFrak is an American real estate billionaire who is the chairman and CEO of the LeFrak Organization, one of the largest and most powerful family-owned real estate companies in the New York metropolitan area. He represents the third generation of his family's business, which was founded by his grandfather. His father, the legendary developer Samuel LeFrak, built the company into a massive powerhouse by developing huge, middle-class apartment complexes in the outer boroughs of New York City, most famously LeFrak City in Queens.
Richard joined the family business and took over its leadership from his father. He has continued to expand the family's vast real estate empire, most notably with the massive Newport development, a master-planned community on the waterfront in Jersey City, New Jersey, which includes office towers, residential buildings, and retail space. In addition to his core real estate business, he has diversified the family's interests into the energy and financial sectors. He was also a close friend and informal advisor to former President Donald Trump.
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Richard S. LeFrak is an American businessman, the billionaire Chairman and CEO of LeFrak Organization, a massive privately held real estate development and property management company in the U.S. Northeast. His wealth is generational, tied to the real estate empire founded by his grandfather, Samuel LeFrak, in 1901.
LeFrak holds a B.A. from Amherst College and a J.D. Law degree from Columbia University Law School. His philosophical approach centers on generational stewardship, scale, long-term asset hold, and vertical integration (controlling everything from construction to management). His structural contribution is tied to shaping the residential and commercial skyline of New York City (e.g., LeFrak City).
Richard LeFrak's strategic leadership involves managing the immense LeFrak Organization empire. He assumed the Chairman and CEO role, successfully guiding the company's commitment to scale urban development (including projects like Newport in Jersey City). His structural contribution is immense: providing foundational housing and commercial infrastructure that drove the economic growth of the New York metropolitan area.
His wealth is secured by the colossal, long-term, stable appreciation and cash flow generated by his vast real estate portfolio.
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Earns a J.D. Law degree from Columbia University Law School (Academic Achievement).
Richard LeFrak assumes the Chairman and CEO role (Succession/Executive Apex).
Oversees the development of the Newport waterfront community in Jersey City (Development Apex).
Continues as Chairman and CEO, guiding the massive real estate empire (Executive Oversight).
Richard LeFrak's wealth is concentrated in his family's controlling ownership and executive leadership of the private real estate giant, LeFrak Organization, and its private investments.
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Richard LeFrak's social impact is structural, stemming from LeFrak Organization's role in providing essential housing and commercial infrastructure in the high-density Northeast market. His LeFrak Foundation supports various educational, cultural, and community initiatives (including the LeFrak Center at Lakeside Prospect Park). His structural contribution is tied to the successful generational transition and stable private control of a critical American real estate asset.
His personal philanthropy supports various community and educational initiatives.
Richard LeFrak maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global property sector.
Residing in New York City, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to real estate development, strategic planning, and corporate governance.
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-0.14% | -$2.49M
-1.94% | -$110.90M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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