Thomas Barrack Net Worth

How much is Thomas Barrack Worth?

in Richest BusinessRichest Billionaires
Thomas Barrack Net Worth:
$1 Billion

Thomas Barrack Net Worth: Thomas Barrack is an American private equity real estate investor who has a net worth of $1 billion. Mr. Barrack has created his enormous wealth as the founder, chairman and CEO of Colony Capital, a private, international investment firm headquartered in Santa Monica, California. Thomas Barrack did the opposite to what others real estate investors would have done when he set up Colony Capital in 1991 to buy estate loans from busted S&Ls. Unlikely as it may have seemed at the time, his move turned out bankable since the company now manages $34 billion in assets, along with $18 billion in 16 commercial real estate and distressed debt-focused funds. But this descendant of Lebanese immigrants to Los Angeles has started to build his fortune long before Colony's establishment, mainly through buying out-of-favor assets. Among his most successful buyouts can be mentioned the $200 million in Middle East real estate and $534 million in non-performing German real estate loans. As for his most unconventional investments, they include Michael Jackson's Neverland Ranch and a $24 million loan to photographer Annie Leibowitz.

Thomas Barrack Net Worth

Thomas Barrack Jr

Net Worth:$1 Billion
All net worths are calculated through the combination of a robust methodology and a proprietary algorithm. The results are fact checked and confirmed by a team of editors and industry insiders. We work diligently to ensure that our numbers are the most accurate celebrity net worth data you will find anywhere on the internet.
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