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Richard LeFrak & family

Richard LeFrak & family

R. family
0.73% | + $20.17M
$2.79 B ₹ 25,392 Cr
Real Time Net Worth #1478 Ranking as of 21 Feb 2026 By Forbes

More on Richard LeFrak & family

Gender

Male

Age

81Y

Country

United States

Born On

January, 1945

Deceased

No

Relationship Status

Married

Children

2

Education

Amherst College

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited (Expanded Family Business)

Primary Organization

LeFrak Organization

Titles

Chairman & CEO

Sources of Wealth

LeFrak Organization

Industry

Real Estate, Construction

About Richard LeFrak & family


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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Quick Reads


  • Chairman and CEO of the real estate giant the LeFrak Organization.
  • Represents the third generation of his family's real estate dynasty.
  • His father, Samuel LeFrak, was a legendary New York City developer.
  • He developed the massive Newport waterfront community in Jersey City.
  • A close friend and advisor to Donald Trump.

Early Life and Background


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).

  • LeFrak Organization (Chairman & CEO): The core private asset, a major real estate development and property management company (owning a vast portfolio of residential and commercial properties in New York and New Jersey).
  • Real Estate Focus: His success is built on long-term hold and scale management of prime New York and New Jersey commercial and residential real estate assets.
  • Academic Background: He holds a J.D. Law degree from Columbia University Law School and a B.A. from Amherst College.
  • Family Governance: He succeeded his father and is the key leader in the LeFrak family holdings.

Career Journey of Richard LeFrak & family


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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Richard LeFrak & family's Timeline


1980s (approx.):

Earns a J.D. Law degree from Columbia University Law School (Academic Achievement).

1990s (approx.):

Richard LeFrak assumes the Chairman and CEO role (Succession/Executive Apex).

2000s:

Oversees the development of the Newport waterfront community in Jersey City (Development Apex).

Ongoing:

Continues as Chairman and CEO, guiding the massive real estate empire (Executive Oversight).

Major Business Ventures and Investments


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.

  • LeFrak Organization (Chairman & CEO): The core private asset, a major real estate development and property management company (owning a vast portfolio of residential and commercial properties in New York and New Jersey).
  • Real Estate Focus: His success is built on long-term hold and scale management of prime New York and New Jersey commercial and residential real estate assets.
  • Academic Background: He holds a J.D. Law degree from Columbia University Law School and a B.A. from Amherst College.
  • Family Governance: He succeeded his father and is the key leader in the LeFrak family holdings.

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Philanthropy and Social Impact


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.

Fashion, Style, and Lifestyle


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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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Chairman and CEO of LeFrak Organization (major New York/New Jersey real estate developer).
  • His family's empire was founded by his grandfather in 1901.
  • He holds a J.D. Law degree from Columbia University Law School.
  • His company developed LeFrak City and the Newport waterfront community.
  • His fortune is tied to the long-term, massive appreciation of prime Northeast real estate values.
  • He is known for maintaining a private profile despite his vast corporate interests.
  • His philosophy emphasizes generational stewardship and long-term asset hold.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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