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The Richest in Real Estate Top 100

#76 David Walentas

The Basics

Location: New York City | Net Worth: $1.93 B

Location: New York City | Net Worth: $1.93 B

David Walentas

Coming from a life of poverty on a farm in Rochester, NY, David Walentas has become one of NYC’s biggest real estate developers as he and his company Two Trees Management lead the way for Brooklyn’s redevelopment.

In the 1970s, David paid $12M for 2M SF of Brooklyn warehouses in what is now Dumbo. Now owning more than 15 properties across Dumbo, Brooklyn Heights, Williamsburg and Manhattan, David has transformed Brooklyn from a bunch of decaying warehouses into The Big Apple's hottest location and continues to improve Brooklyn’s waterfront. In 2012, David acquired the old Domino Sugar refinery for $185M and has been working to turn it into a mixed-use complex.

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    Location: New York City | Net Worth: $1.18 B +
    Anthony Ressler
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    Anthony Ressler
    Location: Los Angeles | Net Worth: $1.17 B +
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    Location: Boston | Net Worth: $1.10 B +
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    George Marcus
    Location: | Net Worth: $1.10 B +
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    Joseph Cayre
    Location: New York City | Net Worth: $1.10 B +
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    Location: New York City | Net Worth: $1.01 B +
    Steven Roth
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    Location: New York City | Net Worth: $1.00 B +
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    Location: San Diego | Net Worth: $1.00 B +
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    Location: Seattle | Net Worth: $1.00 B +
    David Simon
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    David Simon
    Location: Indianapolis | Net Worth: $1.00 B +
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    Location: Houston | Net Worth: $18.30 B +
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    Location: Seattle | Net Worth: $18.10 B +
    Donald Bren
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    Donald Bren
    Location: Los Angeles | Net Worth: $15.20 B +
    Charles Butt
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    Location: Austin/San Antonio | Net Worth: $10.70 B +
    Eric Schmidt
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    Location: San Francisco | Net Worth: $10.30 B +
    Tony Malkin
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    Location: New York City | Net Worth: $10.00 B +
    Stephen Schwarzman
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    Stephen Schwarzman
    Location: New York City | Net Worth: $9.70 B +
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    Location: Denver | Net Worth: $9.70 B +
    Stanley Kroenke
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    Location: Missouri | Net Worth: $7.70 B +
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    Location: Dallas | Net Worth: $7.60 B +
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    #12
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    Location: Washington DC | Net Worth: $6.90 B +
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    #13
    Stephen Ross
    Location: New York City | Net Worth: $6.70 B +
    Richard LeFrak
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    Richard LeFrak
    Location: New York City | Net Worth: $5.80 B +
    John A. Sobrato
    #15
    John A. Sobrato
    Location: Bay Area/San Francisco | Net Worth: $5.80 B +
    Richard Kinder
    #16
    Richard Kinder
    Location: Houston | Net Worth: $5.50 B +
    Ray Hunt
    #17
    Ray Hunt
    Location: Dallas/Fort Worth | Net Worth: $5.30 B +
    Durst Family
    #18
    Durst Family
    Location: New York City | Net Worth: $5.20 B +
    Ted Lerner
    #19
    Ted Lerner
    Location: Washington DC | Net Worth: $5.20 B +
    Rudin family
    #20
    Rudin family
    Location: New York City | Net Worth: $5.10 B +
    Tamara Gustavson
    #21
    Tamara Gustavson
    Location: Los Angeles | Net Worth: $5.00 B +
    Jerry Jones
    #22
    Jerry Jones
    Location: Dallas/Fort Worth | Net Worth: $5.00 B +
    Robert Rowling
    #23
    Robert Rowling
    Location: Dallas/Fort Worth | Net Worth: $4.90 B +
    Jim Davis, New Balance
    #24
    Jim Davis, New Balance
    Location: Boston | Net Worth: $4.90 B +
    Sam Zell
    #25
    Sam Zell
    Location: Chicago | Net Worth: $4.80 B +
    Bob Kraft
    #26
    Bob Kraft
    Location: Boston | Net Worth: $4.80 B +
    The Glazer family
    #27
    The Glazer family
    Location: Miami | Net Worth: $4.70 B +
    Leon Black
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    Location: New York City | Net Worth: $4.50 B +
    Donald Trump
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    Donald Trump
    Location: New York City | Net Worth: $4.50 B +
    Jerry Speyer
    #30
    Jerry Speyer
    Location: New York City | Net Worth: $4.40 B +
    Jeffery Hildebrand
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    Location: Houston | Net Worth: $4.20 B +
    Leonard Stern
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    Leonard Stern
    Location: New York City | Net Worth: $4.10 B +
    H Ross Perot
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    H Ross Perot
    Location: Dallas/Fort Worth | Net Worth: $3.90 B +
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    #34
    Sheldon Solow
    Location: New York City | Net Worth: $3.90 B +
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    Location: Minneapolis | Net Worth: $3.80 B +
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    #36
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    Location: Los Angeles | Net Worth: $3.50 B +
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    #37
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    Location: Miami | Net Worth: $3.50 B +
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    #38
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    Location: New York City | Net Worth: $3.50 B +
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    Rick Caruso
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    #40
    Edward DeBartolo Jr.
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    Location: Brooklyn | Net Worth: $3.40 B +
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    John Catsimatidis
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    Location: Houston | Net Worth: $3.50 B +
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    #46
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    JB Pritzker
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    Location: Chicago | Net Worth: $3.20 B +
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    Location: New York City | Net Worth: $3.20 B +
    Edward Roski, Jr
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    Edward Roski, Jr
    Location: Los Angeles | Net Worth: $3.10 B +
    Donald Sterling
    #50
    Donald Sterling
    Location: Los Angeles | Net Worth: $3.10 B +
    Milstein Family
    #51
    Milstein Family
    Location: New York City | Net Worth: $3.10 B +
    Igor Olenicoff
    #52
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    Location: Miami | Net Worth: $2.90 B +
    Bernard Saul II
    #53
    Bernard Saul II
    Location: Chevy Chase, MD | Net Worth: $2.80 B +
    Herb Simon
    #54
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    Location: New York City | Net Worth: $2.80 B +
    Thomas Pritzker
    #55
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    Location: Chicago | Net Worth: $2.70 B +
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    #56
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    Location: San Francisco | Net Worth: $2.70 B +
    Riley Bechtel
    #57
    Riley Bechtel
    Location: San Francisco | Net Worth: $2.70 B +
    Mortimer Zuckerman
    #58
    Mortimer Zuckerman
    Location: New York City | Net Worth: $2.50 B +
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    Location: Los Angeles | Net Worth: $2.50 B +
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    Location: Las Vegas | Net Worth: $2.50 B +
    Ty Warner
    #61
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    Location: Chicago | Net Worth: $2.40 B +
    Tilman Fertitta
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    Location: Houston | Net Worth: $2.30 B +
    Penny Pritzker
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    Penny Pritzker
    Location: Chicago | Net Worth: $2.30 B +
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    Location: Miami | Net Worth: $2.30 B +
    David Rubenstein
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    Location: Washington DC | Net Worth: $2.30 B +
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    Location: New York City | Net Worth: $2.20 B +
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    Location: San Francisco | Net Worth: $2.20 B +
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    Location: New York City | Net Worth: $2.20 B +
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    Location: Miami | Net Worth: $2.20 B +
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    Location: San Francisco | Net Worth: $2.10 B +
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