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Thomas Barrack Net Worth 2017, Biography & Wiki
Thomas Barrack Net Worth: Thomas Barrack did the reverse as to the others real estate investors could have done when he set up Colony Capital in 1991 to purchase estate loans from busted S&Ls. Improbable as it might have appeared at that time, his move turned out bankable because the organization now handles $34 billion in assets, as well as $18 billion in 16 commercial real estate and distressed debt-centered funds. But this descendant of Lebanese immigrants to Los Angeles has begun to develop his fortune long before Colony’s establishment, primarily through purchasing out-of-favor assets. Among his most successful buyouts may be mentioned the $200 million in Middle East real estate and $534 million in non-performance German real estate loans. As for his most non-traditional investments, they comprise Michael Jackson’s Neverland Ranch as well as a $24 million loan to photographer Annie Leibowitz.