The recent global economic turmoil, brought on by rising oil prices and weakening financial market, has been affecting the property market. But despite that, things seem to be looking good for some of the wealthiest people who owe much of their fortune from their real estate holdings.
Forbes has recently rounded up its list of world's billionaires which revealed that 184 super rich property people, most of them come from Asia-Pacific region.
Realty Today looks at the top four wealthiest real estate barons from Forbes' list:
Wang Jianlin
The richest of them all is from China, Wang Jianlin, who has a net worth of $28.7 billion. He is the chairman of China's largest real estate developer, Dalian Wanda Group, which is also the world's largest movie theater operator. He is the wealthiest person in Asia and ranks 18th in Forbes' overall Billionaires List.
Lee Shaun Kee
Ranking 31st in Forbes' overall Billionaires List, Lee Shaun Kee from Hong Kong, has a net worth of $21.5 billion. The second-wealthiest real estate tycoon is the majority owner of Henderson Land Development. His portfolio comprises of real estate, hotels, restaurants, internet, energy and investments.
Michael Otto
The third-wealthiest real estate baron in the world is Germany's Michael Otto. He has a net worth of $15.4 billion and ranks at No. 51 on the overall Billionaires List. His fortune, shared with his family, mostly comes from their company, the Otto Group. The world's second-largest internet retailer is active on real estate and financial services, including shopping centers, transport complexes, industrial buildings and company headquarters development.
Donald Bren
America's wealthiest property tycoon, Donald Bren, ranks at No. 4 in real estate's richest baron, with a net worth of $15.1 billion. He is at No. 54 of the overall list. His diverse portfolio, largely concentrated in Southern California, include hundreds of office buildings, thousands of apartments, shopping centers, hotels, golf clubs and marinas.
