Real asset has been the origin of several of America’s biggest fortunes, including that of US President Donald Trump.
However, notwithstanding his extended asset portfolio, Trump ranks 12th among the country’s richest genuine asset moguls.
These magnates rarely own lone residential properties. Their portfolios frequently extend several of the country’s biggest agency buildings, malls, hotels, and logistics hubs.
In multiple cases, they additionally clasp stakes in sports teams and another assets.
This ranking was compiled from the Forbes 400 list for 2026, which provides an estimated snapshot of the net value of the 400 richest group in America as of September 4.
Forbes estimated all person’s net worth using sources including interviews and asset valuations, during accounting for debt and charitable giving. In several cases, Forbes lists individuals as “and family” to signify that several of the prosperity is held by contiguous family members.
Here are America’s richest genuine asset moguls, classified by net worth.
15. Robert Faith — $6 billion
State: South Carolina
Robert Faith founded Greystar in 1993. He is the place and CEO of the genuine asset company, which specializes in rental accommodation properties, including elder accommodation and pupil housing.
14. Annette Lerner & family — $6.1 billion
State: Maryland
Annette Lerner's husband, Ted Lerner, built a genuine asset business in 1952 following she gave him a $250 loan. The firm, Lerner Enterprises, is among the largest genuine asset owners in Washington, DC.
After Ted Lerner died in 2023, she and her children inherited his estate.
13. Mitchell Morgan & family — $6.7 billion
State: Pennsylvania
Mitchell Morgan is the originator and place of Morgan Properties, which specializes in flat complexes. The resolute owns complete 97,000 units throughout the US.
12. Donald Trump — $7 billion
State: Florida
While Donald Trump’s presidency has added billions to his net worth, mostly through crypto, according to Forbes, much of his fortune remains tied to genuine estate. His portfolio includes athletics clubs, resorts, and business skyscrapers.
11. Rick Caruso — $7.1 billion
State: California
Rick Caruso built his fortune through Caruso, the genuine asset business he founded. The resolute developed buying and mixed-use destinations specified as The Grove and The Americana at Brand.
10. H. Ross Perot Jr. — $7.4 billion
State: Texas
Ross Perot Jr. founded Hillwood, a genuine asset betterment firm, following borrowing against his billionaire father's fortune. The company's portfolio includes residential and business developments, as fine as logistics hubs.
9. Herb Simon — $7.7 billion
State: Indiana
Herb Simon founded the business that would eventually rotate into Simon Property Group in 1960 alongside his brother. The genuine asset funding rely owns hundreds of properties about the world, specified as malls and mixed-use spaces.
Simon additionally owns stakes in the Indiana Pacers and Indiana Fever.
8. Edward Roski Jr. — $8.1 billion
State: California
Edward Roski Jr. is the place of Majestic Realty, which his begetter founded in 1948. The business genuine asset betterment resolute counts Walmart, Amazon, and UPS among its tenants.
7. Ty Warner — $8.2 billion
State: Illinois
Ty Warner created the Beanie Babies row of stuffed toys, the profits of which he invested in genuine estate. His portfolio includes the Four Seasons in New York and Las Ventanas al Paraiso in Los Cabos.
6. Leonard Stern — $9 billion
State: New York
Leonard Stern is the place and CEO of Hartz Mountain Industries, which has an extended portfolio of genuine asset holdings, including manufacturing warehouses.
5. Igor Olenicoff — $9.1 billion
State: Florida
Igor Olenicoff founded Olen Companies in 1974. The firm's portfolio includes complete 8 myriad quadrate feet in agency area and complete 17,000 luxury flat units.
4. Neil Bluhm — $9.9 billion
State: Illinois
Neil Bluhm cofounded JMB Realty in 1970, which became among the largest genuine asset developers in the US. Bluhm expanded beyond genuine asset into casinos and personal equity, cofounding Rush Street Gaming and Walton Street Capital.
3. Jeff Greene — $10.1 billion
State: Florida
Jeff Greene became a billionaire betting against the mid-2000s accommodation bubble, using credit default swaps tied to subprime home loan securities before the 2008 financial crisis.
2. Donald Bren — $19.8 billion
State: California
Donald Bren is the place and chief shareholder of Irvine Company, a genuine asset betterment firm. The company's portfolio spans new residence villages, hundreds of agency buildings, and the MetLife Building.
1. Stephen Ross — $21.5 billion
State: Florida
Stephen Ross founded Related Companies, a genuine asset betterment and manner firm, in 1972. He afterward founded Related Ross, a genuine asset betterment resolute focused on West Palm Beach, in 2024.
Ross additionally holds stakes in the sports and health industries, including the Miami Dolphins, the Formula 1 Miami Grand Prix, SoulCycle, and Equinox Fitness.
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Roya is a newsman on Business Insider's Editorial Partnerships team. She is based in London. Before joining Business Insider, she worked as a newsman at financial newswire Alliance News and was an intern at The Wall Street Journal. Roya graduated from City St George's, University of London alongside an MA in International Journalism.
