Forbes’ Billionaire List Shows Real Estate Billionaires Are Older Men

Real estate is a male-dominated industry: It’s not rare for only one in five C-suite executives at a top firm to be women. And real estate fortunes are typically amassed over time. So it is not a surprise that an analysis of the Forbes billionaires list by The Real Deal shows most of the world’s real estate billionaires are older men.

Some 88 percent of all real estate billionaires are over 51 and more than a third are older than 71. Fewer than one in a hundred is between the ages of 18 and 30. Topping the list is Lee Shau Kee, 92, a Hong Kong businessman and majority owner of Henderson Land Development, who is ranked 30th overall with $28.3 billion. Chinese development firm Evergrande Group’s chairman, Hui Ka Yan, 62, worth $24.2 billion, is second.

Real Estate Billionaires

Rank	Name	Gender	Net Worth (billions)	Covid Cases (as of 4/10/20)	Age	Country/Territory
30	Lee Shau Kee	Male	$28.30	82925	92	China
37	Hui Ka Yan	Male	$24.20	82925	62	China
38	Yang Huiyan & family	Female	$24.00	82925	39	China
67	Joseph Lau	Male	$16.40	82925	69	China
76	Donald Bren	Male	$15.30	466033	87	United States
85	Wu Yajun & family	Female	$14.80	82925	57	China
101	Wang Jianlin	Male	$13.80	82925	66	China
107	Kwong Siu-hing	Female	$13.00	82925	91	China
116	Peter Woo	Male	$12.40	82925	74	China
128	Hui Wing Mau	Male	$11.50	82925	70	China
135	Robert & Philip Ng	Male	$11.10	1909	n/a	Singapore
145	Sun Hongbin	Male	$10.20	466033	58	United States
183	Cai Kui	Male	$8.40	82925	58	China
191	Ian & Richard Livingstone	Male	$8.20	65077	n/a	United Kingdom
207	Harry Triguboff	Male	$8.00	6152	87	Australia
211	Kei Hoi Pang	Male	$8.00	82925	55	China
220	Stephen Ross	Male	$7.60	466033	80	United States
234	David Reuben	Male	$7.20	65077	82	United Kingdom
250	Charles Cadogan & family	Male	$6.80	65077	83	United Kingdom
262	Edward Roski Jr	Male	$6.70	466033	82	United States
263	Francis Choi	Male	$6.60	82925	73	China
313	Chan Laiwa & family	Female	$5.80	82925	80	China
322	Alexander Otto	Male	$5.70	113525	53	Germany
323	Wang Zhenhua	Male	$5.70	82925	58	China
327	Manuel Villar	male	$5.70	4076	71	Philippines
331	Law Kar Po	Male	$5.60	82925	72	China
333	Tang Shing-bor	Male	$5.50	82925	86	China
354	Fredrik Lundberg	Male	$5.30	9141	69	Sweden
361	Sam Zell	Male	$5.20	466033	79	United States
362	Kwee brothers	Male	$5.20	1909	n/a	Singapore
364	Frank Lowy	Male	$5.10	6152	90	Australia
373	John A. Sobrato & family	Male	$5.00	466033	81	United States
382	Huang Chulong	Male	$5.00	20748	62	Canada
403	Rene Benko	Male	$4.80	13248	43	Austria
434	Leonard Stern	Male	$4.50	466033	82	United States
441	Edwin Leong	Male	$4.50	82925	69	China
461	Ted Lerner & family	Male	$4.30	466033	95	United States
474	Pan Sutong	Male	$4.20	82925	57	China
479	Sheldon Solow	Male	$4.20	466033	92	United States
487	Alexandra Schoerghuber	Female	$4.20	113525	62	Germany
499	Neil Bluhm	Female	$4.10	466033	82	United States
504	Radovan Vitek	Male	$4.00	5569	49	Czechia
507	Wang Wenxue	Male	$4.00	82925	53	China
532	Igor Olenicoff	Male	$3.90	466033	78	United States
533	Akira Mori & family	Male	$3.90	4667	84	Japan
534	Majid Al Futtaim & family	Male	$3.80	2990	n/a	United Arab Emirates
540	Samuel Tak Lee	Male	$3.80	82925	81	China
543	Kushal Pal Singh	Male	$3.80	6412	89	India
550	Jeff Sutton	Male	$3.80	466033	60	United States
560	Yitzhak Tshuva	Male	$3.70	9968	72	Israel
564	Jerry Speyer	Male	$3.70	466033	80	United States
577	Jeff Greene	Male	$3.70	466033	66	United States
586	Li Wa	Male	$3.60	82925	55	China
587	Rita Tong Liu	Female	$3.60	82925	72	China
591	Zhang Xin & Pan Shiyi	n/a	$3.60	82925	55	China
598	Donald Sterling	Male	$3.60	466033	86	United States
602	Ursula Bechtolsheimer-Kipp	Female	$3.60	113525	69	Germany
611	Chu Mang Yee & family	Male	$3.60	82925	61	China
620	Ben Ashkenazy	Male	$3.50	466033	51	United States
621	Richard LeFrak & family	Male	$3.50	466033	75	United States
640	Huang Rulun	Male	$3.40	82925	69	China
641	Yakir Gabay	Male	$3.40	564	54	Cyprus
647	Rick Caruso	Male	$3.40	466033	61	United States
693	John Gandel	Male	$3.20	6152	86	Australia
702	Charles Cohen	Male	$3.20	466033	68	United States
727	Jane Goldman	Female	$3.10	466033	65	United States
727	Amy Goldman Fowler	Female	$3.10	466033	66	United States
727	Diane Kemper	Female	$3.10	466033	75	United States
727	Allan Goldman	Male	$3.10	466033	77	United States
738	Angela Leong	Female	$3.10	82925	59	China
765	Su Suyu & family	Female	$3.00	82925	72	China
792	Choo Chong Ngen	Male	$2.90	1909	67	Singapore
810	Erik Selin	Male	$2.80	9141	53	Sweden
818	Or Wai Sheun	Male	$2.80	82925	69	China
825	Shum Chiu Hung & family	Male	$2.80	82925	n/a	China
826	Ivar Tollefsen	Male	$2.80	6160	59	Norway
838	Zhang Li	Male	$2.70	82925	68	China
848	Herb Simon	Male	$2.70	466033	86	United States
849	Chandru Raheja	Male	$2.70	6412	80	India
852	Geoffrey Kwok	Male	$2.70	82925	35	China
858	Mortimer Zuckerman	Male	$2.70	466033	83	United States
862	Jay Paul	Male	$2.70	466033	73	United States
864	Maritsa Lazari & family	Female	$2.70	65077	76	United Kingdom
866	Raj Kumar & Kishin RK	Male	$2.70	1909	66	Singapore
875	God Nisanov	Male	$2.60	10131	48	Russia
875	Zarakh Iliev	Male	$2.60	10131	54	Russia
878	Ty Warner	Male	$2.60	466033	76	United States
883	Li Sze Lim	Male	$2.60	82925	63	China
893	Bob Gaglardi	Male	$2.60	20748	79	Canada
899	Kong Jian Min	Male	$2.60	82925	53	China
900	Richard Peery	Male	$2.60	466033	82	United States
906	Lu Zhiqiang	Male	$2.60	82925	68	China
944	Mitchell Goldhar	Male	$2.40	20748	59	Canada
966	Katsumi Tada	Male	$2.40	4667	75	Japan
977	Brad Kelley	Male	$2.40	466033	64	United States
981	Ou Zongrong	Male	$2.30	82925	57	China
1006	David Walentas	Male	$2.30	466033	82	United States
1007	Adam Kwok	Male	$2.30	82925	37	China
1009	John Arrillaga	Male	$2.30	466033	83	United States
1032	Katharina Otto-Bernstein	Female	$2.20	113525	57	Germany
1037	Zuo Hui	Male	$2.20	82925	50	China
1055	Yang Jian	Male	$2.20	82925	49	China
1057	Yan Zhi	Male	$2.20	82925	48	China
1063	Carlo Fidani	Male	$2.20	20748	66	Canada
1067	Jonathan Kwok	Male	$2.20	82925	28	China
1085	Tong Jinquan	Male	$2.20	82925	66	China
1088	Pan Weiming	Male	$2.20	82925	57	China
1096	Ji Qi	Male	$2.10	82925	54	China
1108	Huang Shih Tsai	Male	$2.10	82925	69	China
1116	George Argyros & family	Male	$2.10	466033	83	United States
1133	Geng Jianming	Male	$2.10	82925	58	China
1142	Donald Trump	Male	$2.10	466033	74	United States
1150	Hoi Kin Hong	Male	$2.10	NA	68	China
1153	Chen Hua	Male	$2.10	82925	55	China
1168	Bahaa Hariri	Male	$2.00	582	54	Lebanon
1174	Lin Chang Su-O	Female	$2.00	380	80	Taiwan
1205	Thomas Kwok	Male	$2.00	82925	69	China
1217	Suat Gunsel	Male	$2.00	564	68	Cyprus
1221	H. Ross Perot Jr	Male	$2.00	466033	62	United States
1227	Sergei Gordeev	Male	$1.90	10131	48	Russia
1229	Vincent Lo	Male	$1.90	82925	71	China
1232	Fong Yun Wah	Male	$1.90	82925	96	China
1246	Gordon Wu	Male	$1.90	82925	85	China
1260	Keeree Kanjanapas	Male	$1.90	2473	70	Thailand
1269	Jorge Perez	Male	$1.90	466033	71	United States
1281	Eddie & Sol Zakay	Male	$1.90	65077	n/a	United Kingdom
1295	Edward DeBartolo Jr	Male	$1.80	466033	74	United States
1298	Wang Chaobin	Male	$1.80	82925	65	China
1301	Tomas Olivo Lopez	Male	$1.80	152446	47	Spain
1325	Miao Shouliang	Male	$1.80	82925	66	China
1334	Yu Peidi	Male	$1.80	82925	61	China
1339	Chen Yung-tai	Male	$1.80	380	84	Taiwan
1363	Guo Ziwen	Male	$1.70	82925	57	China
1365	Wichai Thongtang	Male	$1.70	2473	74	Thailand
1373	Lin Chen-hai	Male	$1.70	380	73	Taiwan
1385	Jitendra Virwani	Male	$1.70	6412	54	India
1392	Christopher Kwok	Male	$1.70	82925	34	China
1394	Edward Kwok	Male	$1.70	82925	39	China
1395	Manuel Jove	Male	$1.70	152446	79	Spain
1397	Asok Kumar Hiranandani	Male	$1.70	1909	66	Singapore
1412	Mangal Prabhat Lodha	Male	$1.70	6412	65	India
1413	Chan Tan Ching-fen	Female	$1.70	82925	n/a	China
1417	David Lichtenstein	Male	$1.70	466033	59	United States
1431	Erik Paulsson & family	Male	$1.60	9141	78	Sweden
1443	Martin Selig	Male	$1.60	466033	83	United States
1444	Vivien Chen	Female	$1.60	82925	61	China
1451	Jiang Yehua & family	Male	$1.60	82925	58	China
1468	Alexander Klyachin	Male	$1.60	10131	53	Russia
1495	Marcel Adams & family	Male	$1.60	20748	100	Canada
1503	Stephen Winn	Female	$1.60	466033	74	United States
1513	Zhang Yuanlin	Male	$1.60	82925	45	China
1539	Huang Wei	Male	$1.50	82925	61	China
1548	Hussain Sajwani	Male	$1.50	2990	67	United Arab Emirates
1553	Yang Erzhu	Male	$1.50	82925	70	China
1599	Ivan Chrenko	Male	$1.50	701	53	Slovakia
1603	Lang Walker	Male	$1.50	6152	75	Australia
1621	Chao Teng-hsiung	Male	$1.40	380	76	Taiwan
1624	Alain Taravella	Male	$1.40	86334	73	France
1651	Yoshiko Mori	Female	$1.40	4667	80	Japan
1659	B. Wayne Hughes Jr	Male	$1.40	466033	60	United States
1705	Jasminder Singh & family	Male	$1.40	65077	70	United Kingdom
1713	Subhash Runwal	Male	$1.40	6412	77	India
1756	Vikas Oberoi	Male	$1.30	6412	50	India
1768	George Marcus	Male	$1.30	466033	79	United States
1769	Lesley Bamberger	Male	$1.30	21762	55	Netherlands
1775	Zhang Keqiang	Male	$1.30	82925	60	China
1784	Raymond Kwok	Female	$1.30	82925	67	China
1795	Bob Ell	Male	$1.30	6152	76	Australia
1823	Zhong Sheng Jian	Male	$1.30	1909	62	Singapore
1834	Niranjan Hiranandani	Male	$1.30	6412	70	India
1838	John Van Lieshout	Male	$1.20	6152	74	Australia
1847	Huang Hongyun & family	Male	$1.20	82925	54	China
1875	Jeffrey Cheah	Male	$1.20	4228	75	Malaysia
1884	Wolfgang Egger	Male	$1.20	113525	55	Germany
1895	Zhang Guiping & family	Male	$1.20	82925	69	China
1911	Yang Keng	Male	$1.20	82925	60	China
1921	Lun Ruixiang & family	Male	$1.20	82925	53	China
1929	Huang Wen Tsai	Male	$1.20	82925	67	China
1934	Donald Horton	Male	$1.20	466033	70	United States
1935	Wei Shaojun	Male	$1.20	82925	58	China
1941	Mark Dixon	Male	$1.20	65077	61	United Kingdom
1951	Qi Jinxing	Male	$1.20	82925	58	China
1968	Su Rubo	Male	$1.10	82925	66	China
1987	Chua Thian Poh	Male	$1.10	1909	72	Singapore
1990	Vladimir Leschikov	Male	$1.10	10131	64	Russia
2007	Ou Xueming	Male	$1.10	82925	72	China
2016	Ou Zonghong & family	Male	$1.10	82925	51	China
2020	Terry Snow	Male	$1.10	6152	77	Australia
2021	Lou Zhongfu & family	Male	$1.10	82925	67	China
2026	Wu Xu	Male	$1.10	82925	57	China
2040	Koh Wee Meng	Male	$1.10	1909	57	Singapore
2048	Liang Yanfeng & family	Male	$1.10	82925	56	China
2062	Yi Rubo	Male	$1.10	82925	44	China
2065	Masaaki Arai	Male	$1.10	4667	56	Japan
2069	Wong Chiu Yeung	Male	$1.10	82925	54	China
2072	Sun Xishuang	Male	$1.10	82925	67	China
2093	Lam Lung On & family	Male	$1.00	82925	56	China
2103	Lin Dingqiang & family	Male	$1.00	82925	54	China
2105	Wong Hong King	Male	$1.00	82925	59	China
2120	Sam Tarascio	Male	$1.00	6152	76	Australia
2129	John Goff	Male	$1.00	466033	66	United States
2136	Jin Huiming	Male	$1.00	82925	68	China
2142	Axel Stawski	Male	$1.00	466033	70	United States
Forbes' Real-Time Billionaires rankings tracks the daily ups and downs of the worldu2019s richest people. The wealth-tracking platform provides ongoing updates on the net worth and ranking of each individual confirmed by Forbes to be a billionaire. The value of individualsu2019 public holdings are updated every 5 minutes when respective stock markets are open (there will be a 15-minute delay for stock prices). Individuals whose fortunes are significantly tied to private companies will have their net worths updated once a day. In cases where an individual owns a stake in a private company that accounts for 20% or more of his or her net worth, the value of the company will be adjusted according to an industry- or region-specific market index provided by our partners at FactSet Research Systems when available. A rotating cast of the five biggest winners and losers throughout the day is featured at the top of the page, followed by the complete list of billionaires ranked in order of net worth.				NA	NA
METHODOLOGY				NA	NA
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SOURCE: Forbes 2020

Younger billionaires in real estate tend to be wealthier, however. Those between 30 and 40 have the highest average net worth at $6.48 billion, a figure skewed by Yang Huiyan, a 38-year-old Chinese businesswoman with $24 billion in assets.

Billionaires in real estate skew male as well, with men accounting for more than 89 percent of them. Female real estate billionaires — thanks largely to Yang — have an average net worth that is $1.6 billion greater than their male counterparts.

Chinese men between 51 and 60 years old comprise more than 13 percent of all real estate billionaires, the largest share by combination of age, gender and national origin. However, American male billionaires who are 81 or older hold 8.5 percent of global real estate billionaire wealth, the largest share by combination of age, gender and nationality. The richest American real estate figure and fifth overall, according to Forbes, is Donald Bren, owner and chairman of the Irvine Company, whose net worth is $15.3 billion.

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Real estate billionaires skew even more male and older

Real Estate Billionaires

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