Richard Lefrak Biography
Richard Lefrak is an American prominent businessman. He is chairman and CEO of LeFrak, a privately held, family-run company based in New York City that owns, develops, and manages real estate. He is one of the biggest landlords in the NY tri-state area.
Richard Lefrak Age
He was born Richard S. Lefrak in 1945, in New York City.
Richard Lefrak Spouse(s) | Children
Richard Lefrak Occupation
He is a Businessman.
Richard has a net worth of $6.2 billion dollars.
Richard Lefrak Donald Trump
Days before his January 2017 inauguration, President Trump announced that New York City real estate developers Richard LeFrak and Steve Roth would head a new “infrastructure council.” The body would advise the president on how to rebuild America’s moribund roads, bridges, broadband networks, veterans hospitals and more. It was among Trump’s major domestic policy initiatives, a pledge to invest in the roots of the homeland.
Background and education
He was born in 1945 to a Jewish family in New York City. Born to Ethel Stone and real estate developer Samuel J. LeFrak. Richard received a B.A. and graduated cum laude from Amherst College. LeFrak also holds a J.D. from Columbia University. In 1998, LeFrak received an honorary doctorate degree from Amherst College.
In 1968, he joined his family’s real estate firm LeFrak. He was appointed president in 1975. Following the death of his father, Samuel J. LeFrak, Richard was elected chairman and CEO in 2003.
In 1986 Richard and his father began building in Jersey City, New Jersey on the site of abandoned piers and rail yards. The area is now known as Newport, a 600-acre neighborhood with 8 office buildings, 13 apartment towers, 2 hotels, an urban beach, schools, a retail mall, and parks.
He is also credited with leading the LeFrak organization’s expansion and diversification outside of the New York area. The company purchased a 12-story office building on Hollywood Boulevard as well as a medical building in Beverly Hills, California in 2008.
In 2012 LeFrak purchased a stake in a South Beach, Miami luxury mixed-use property, including a hotel formerly known as the Gansevoort. The project is expected to open in early 2014 as the eco-minded 1 Hotel Homes. He was ranked at number 16 on the Commercial Observer’s Real Estate Power 100 in 2013, number 20 in 2012, number 20 in 2011, number 10 in 2010, number 18 in 2009, and number 64 in 2008.
Richard Lefrak Philanthropy
LeFrak presides over the Richard S. and Karen LeFrak Charitable Foundation, a private charity whose mission includes the support of charitable organizations.
In 2017, St. Joseph’s Chapel, the Catholic September 11 Memorial at the World Trade Center, located in the Gateway Plaza in Battery Park City, was threatened with closure due to the St. Peter’s parish’s reluctance or inability to pay a tripling of its rent by a management company run by LeFrak corporation and partners.
LeFrak has contributed to Donald Trump’s 2020 reelection campaign.
Boards and accolades
LeFrak currently sits on the board of directors of the Prostate Cancer Foundation and is a member of the board of trustees of the American Museum of Natural History. He was a board member of Smith & Wollensky from 1995 to 2007. Previously, he served on the board of trustees of Amherst College and Trinity School; was a member of the New York State Banking Board; and served as director of BankUnited, Florida.