Thomas Barrack’s profile picture

Thomas Barrack

Thomas Barrack’s profile picture
Net worth 2018: $1 Billion
Industry: Investments
Country: United States
BirthDay: 1947
Children: 4
Education: Doctor of Jurisprudence, University of Southern California; Bachelor of Arts / Science, University of Southern California
BIOGRAPHY

Thomas Barrack was bornon 1947 in United States. 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.

NET WORTH STATISTIC
2010

$1.2 Billion

2011

$1.1 Billion

2012

$1.1 Billion

2013

$1 Billion

2018

$1 Billion

TIMELINE
2017

In October 2017, Barrack's Colony Capital invested in film production company The Weinstein Company to allegedly keep it afloat in light of the sexual misconduct allegations against Harvey Weinstein

2016

He spoke at the 2016 Republican National Convention

2011

As of September 2011, Barrack was the 833rd richest person in the world, and the 375th richest in the United States, with an estimated wealth of US$1

1990

In 1990, he founded Colony Capital, with initial investments by Bass and GE Capital, and later Eli Broad, Merrill Lynch, and Koo Chen-fu

1972

He attended USC and USC Gould School of Law receiving a JD in 1972 and he was an editor of the Law Review

1969

He graduated with a BA in 1969 from the University of Southern California (USC) where he was a star on their national championship rugby team

1947

(born 1947/1948) is an American private equity real estate investor and the founder, chairman, and CEO of Colony NorthStar

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