Contrarian real estate investor Thomas Barrack founded Colony Capital in 1991 to buy bad real estate loans from busted S&Ls. The firm now manages $34 billion in assets, including $18 billion in 16 commercial real estate and distressed debt-focused funds. The grandson of Lebanese immigrants to Los Angeles, he has built his fortune through buying out-of-favor assets, including some $200 million in Middle East real estate and $534 million in non-performing German real estate loans. Quirkier investments include Michael Jackson's Neverland Ranch and a $24 million loan to photographer Annie Leibowitz... Read More
Contrarian real estate investor Thomas Barrack founded Colony Capital in 1991 to buy bad real estate loans from busted S&Ls. The firm now manages $34 billion in assets, including $18 billion in 16 commercial real estate and distressed debt-focused funds. The grandson of Lebanese immigrants to Los Angeles, he has built his fortune through buying out-of-favor assets, including some $200 million in Middle East real estate and $534 million in non-performing German real estate loans. Quirkier investments include Michael Jackson's Neverland Ranch and a $24 million loan to photographer Annie Leibowitz. Read Less
Wealth History
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Personal Stats
Age
77
Source of Wealth
real estate investments, Self Made
Residence
Los Angeles, CA
Citizenship
United States
Marital Status
Married
Children
4
Education
Doctor of Jurisprudence, University of Southern California; Bachelor of Arts / Science, University of Southern California
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