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The 15 Richest Real Estate Moguls in the US, Ranked

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Real estate has been the source of some of America’s biggest fortunes, including that of US President Donald Trump.

However, despite his extensive property portfolio, Trump ranks 12th among the country’s richest real estate moguls.

These magnates rarely own only residential properties. Their portfolios often span some of the country’s biggest office buildings, malls, hotels, and logistics hubs.

In several cases, they also hold stakes in sports teams and other assets.

This ranking was compiled from the Forbes 400 list for 2026, which provides an estimated snapshot of the net worth of the 400 richest people in America as of September 4.

Forbes estimated each person’s net worth using sources including interviews and asset valuations, while accounting for debt and charitable giving. In some cases, Forbes lists individuals as “and family” to indicate that some of the wealth is held by immediate family members.

Here are America’s richest real estate moguls, ranked by net worth.

15. Robert Faith — $6 billion

Robert Faith speaks in a studio with a blurred city skyline backdrop.

Robert Faith has a net worth of $6 billion.

Bloomberg/Getty Images

State: South Carolina

Robert Faith founded Greystar in 1993. He is the chair and CEO of the real estate company, which specializes in rental housing properties, including senior housing and student housing.

14. Annette Lerner & family — $6.1 billion

Annette Lerner

Annette Lerner and her son, Mark Lerner.

The Washington Post/Getty Images

State: Maryland

Annette Lerner’s husband, Ted Lerner, built a real estate company in 1952 after she gave him a $250 loan. The firm, Lerner Enterprises, is one of the largest real estate owners in Washington, DC.

After Ted Lerner died in 2023, she and her children inherited his estate.

13. Mitchell Morgan & family — $6.7 billion

Hilarie and Mitchell Morgan pose together in front of a black Guild Hall step-and-repeat backdrop at an event.

Mitchell Morgan with his wife, Hilarie Morgan.

Sean Zanni/Patrick McMullan via Getty Images

State: Pennsylvania

Mitchell Morgan is the founder and chair of Morgan Properties, which specializes in apartment complexes. The firm owns over 97,000 units across the US.

12. Donald Trump — $7 billion

Donald Trump stands at a microphone wearing a dark suit and blue tie against a dark background.

Donald Trump has a net worth of $7 billion.

Brendan SMIALOWSKI / AFP via Getty Images

State: Florida

While Donald Trump’s presidency has added billions to his net worth, largely through crypto, according to Forbes, much of his fortune remains tied to real estate. His portfolio includes golf clubs, resorts, and commercial skyscrapers.

11. Rick Caruso — $7.1 billion

Rick Caruso stands before a black event backdrop with UFC and Paramount logos.

Rick Caruso has a net worth of $7.1 billion.

Paul Archuleta/Getty Images

State: California

Rick Caruso built his fortune through Caruso, the real estate company he founded. The firm developed shopping and mixed-use destinations such as The Grove and The Americana at Brand.

10. H. Ross Perot Jr. — $7.4 billion

Ross Perot Jr., wearing a headset microphone, sits onstage before a blue RTX backdrop.

H. Ross Perot Jr. has a net worth of $7.4 billion.

Bloomberg/Getty Images

State: Texas

Ross Perot Jr. founded Hillwood, a real estate development firm, after borrowing against his billionaire father’s fortune. The company’s portfolio includes residential and commercial developments, as well as logistics hubs.

9. Herb Simon — $7.7 billion

Herb Simon speaks at a podium with microphones against a blue stage backdrop.

Herb Simon has a net worth of $7.7 billion.

Stephanie Augello/Getty Images

State: Indiana

Herb Simon founded the company that would eventually become Simon Property Group in 1960 with his brother. The real estate investment trust owns hundreds of properties around the world, such as malls and mixed-use spaces.

Simon also owns stakes in the Indiana Pacers and Indiana Fever.

8. Edward Roski Jr. — $8.1 billion

Two suited speakers share a smiling exchange at a lectern bearing the University of Southern California seal.

Edward Roski Jr. has a net worth of $8.1 billion.

FREDERIC J. BROWN/AFP via Getty Images

State: California

Edward Roski Jr. is the chair of Majestic Realty, which his father founded in 1948. The commercial real estate development firm counts Walmart, Amazon, and UPS among its tenants.

7. Ty Warner — $8.2 billion

Leonard Stern stands indoors in front of framed architectural drawings on a wood-paneled wall.

Ty Warner has a net worth of $8.2 billion.

Jimi Celeste/Patrick McMullan via Getty Images

State: Illinois

Ty Warner created the Beanie Babies line of stuffed toys, the profits of which he invested in real estate. His portfolio includes the Four Seasons in New York and Las Ventanas al Paraiso in Los Cabos.

6. Leonard Stern — $9 billion

Leonard Stern stands at a formal indoor reception with chandeliers and other attendees nearby.

Leonard Stern has a net worth of $9 billion.

Donald Bowers/Getty Images for Green Beret Foundation

State: New York

Leonard Stern is the chair and CEO of Hartz Mountain Industries, which has an extensive portfolio of real estate holdings, including industrial warehouses.

5. Igor Olenicoff — $9.1 billion

Igor Olenicoff, president and founder of Olen Properties Corp., stands for a photo in Newport Beach, California, U.S.,

Igor Olenicoff has a net worth of $9.1 billion.

Bloomberg/Getty Images

State: Florida

Igor Olenicoff founded Olen Companies in 1974. The firm’s portfolio includes over 8 million square feet in office space and over 17,000 luxury apartment units.

4. Neil Bluhm — $9.9 billion

Two formally dressed attendees pose before oversized pastel fan decorations at an indoor event.

Neil Bluhm has a net worth of $9.9 billion.

Bloomberg/Getty Images

State: Illinois

Neil Bluhm cofounded JMB Realty in 1970, which became one of the largest real estate developers in the US. Bluhm expanded beyond real estate into casinos and private equity, cofounding Rush Street Gaming and Walton Street Capital.

3. Jeff Greene — $10.1 billion

Jeff Greene speaks into a microphone outdoors with tall palm trees in the background.

Jeff Greene has a net worth of $10.1 billion.

Bloomberg/Getty Images

State: Florida

Jeff Greene became a billionaire betting against the mid-2000s housing bubble, using credit default swaps tied to subprime mortgage securities before the 2008 financial crisis.

2. Donald Bren — $19.8 billion

Donald Bren, chairman of Irvine Company, is photographed at company headquarters in Newport Beach, Ca.

Donald Bren has a net worth of $19.8 billion.

Jay L. Clendenin/Los Angeles Times via Getty Images

State: California

Donald Bren is the chair and principal shareholder of Irvine Company, a real estate development firm. The company’s portfolio spans new home villages, hundreds of office buildings, and the MetLife Building.

1. Stephen Ross — $21.5 billion

Stephen Ross stands before a TIME100 Sports backdrop with Target, Toyota and J.P.Morgan logos.

Stephen Ross has a net worth of $21.5 billion

Taylor Hill/WireImage

State: Florida

Stephen Ross founded Related Companies, a real estate development and lifestyle firm, in 1972. He then founded Related Ross, a real estate development firm focused on West Palm Beach, in 2024.

Ross also holds stakes in the sports and wellness industries, including the Miami Dolphins, the Formula 1 Miami Grand Prix, SoulCycle, and Equinox Fitness.



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