America’s Richest Real Estate Billionaires
October 20, 2007
Ted Turner may have a packed portfolio, but it didn’t earn him a spot on this list.
That’s because, despite owning more than two million acres of land and being valued at $2.3 billion, he purchased his property and sat on it, rather than practicing the relentless buying and selling favored by the deep-pocketed investors ranked here in order of net worth.
They include billionaire tycoons such as Jorge Perez, Mortimer Zuckerman and Samuel Zell, who got rich building thousands of apartments, renting pricey office space and holding vast chunks of undeveloped land. Forbes reports