Albert Ratner Net Worth (Updated 2026).
Albert Ratner, a name that has become synonymous with real estate development, began his career in a humble yet determined manner. Born into a family with a strong work ethic, Ratner started his professional journey at a young age, working for his father’s construction company. This early exposure to the industry sparked his interest and laid the foundation for his future success.
As he honed his skills and gained experience, Ratner saw an opportunity to branch out on his own. In 1968, with a small loan and a big dream, he founded Forest City Enterprises, a company that would eventually grow into a multi-billion dollar real estate empire. His first major project, the Cleveland Convention Center, was a testament to his vision and commitment, marking the beginning of his rise to fame in the real estate world.
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Albert Ratner’s Current Net Worth (2025)
As of 2025, Albert Ratner’s net worth is estimated to be around $1.5 billion, according to the latest available information. This significant wealth is a testament to his successful career in real estate and other ventures.
Career
Albert Ratner, born in 1932, is a prominent figure in the real estate industry. He co-founded Forest City Enterprises in 1968, which grew to become one of the largest real estate companies in the U.S. Ratner served as the CEO and Chairman of the company until his retirement in 2000. He is known for his innovative approach to urban development and his commitment to sustainable practices.
Other Ventures
Beyond real estate, Ratner has been involved in various other ventures. He is a co-owner of the Cleveland Cavaliers NBA team and has been actively involved in the team’s operations. Additionally, he has invested in various other businesses, including healthcare and technology startups, demonstrating his diverse interests and entrepreneurial spirit.
Assets
Albert Ratner’s assets primarily consist of real estate holdings, both residential and commercial. These include numerous properties across the U.S., many of which are part of mixed-use developments that combine retail, residential, and office spaces. He also has significant investments in stocks and bonds, as well as other assets like art and collectibles.
Annual Income
While Albert Ratner’s annual income can fluctuate due to various factors, it is estimated to be in the tens of millions of dollars. This income comes from his real estate investments, dividends from his various holdings, and his ongoing business ventures. His annual income also includes earnings from his role as a co-owner of the Cleveland Cavaliers.
Frequently Asked Questions about Albert Ratner
**Frequently Asked Questions: Albert Ratner Net Worth**
1. What is Albert Ratner’s net worth?
Albert Ratner’s net worth is estimated to be around $1.5 billion.
2. How did Albert Ratner make his fortune?
Albert Ratner made his fortune through his involvement in the real estate industry. He served as the CEO of Forest City Enterprises, a company he co-founded with his father, Charles Ratner.
3. What is Forest City Enterprises?
Forest City Enterprises is a real estate company that was founded by Charles Ratner and Albert Ratner in 1920. The company is involved in the development, acquisition, and management of commercial and residential properties.
4. When was Albert Ratner born?
Albert Ratner was born on October 17, 1926.
5. Where was Albert Ratner born?
Albert Ratner was born in Cleveland, Ohio.
6. What is the name of Albert Ratner’s wife?
Albert Ratner’s wife is Toby Devan Lewis.
7. How many children does Albert Ratner have?
Albert Ratner has three children: David, Peter, and Karen.
8. What is the name of Albert Ratner’s foundation?
Albert Ratner founded the Ratner Companies, which is a real estate development and investment firm.
9. What are some of the philanthropic causes that Albert Ratner supports?
Albert Ratner and his wife, Toby Devan Lewis, have been involved in various philanthropic causes, including supporting the arts, education, and healthcare. They have donated to institutions such as the Cleveland Museum of Art, the Cleveland Clinic, and Case Western Reserve University.
10. Is Albert Ratner still alive?
Yes, Albert Ratner is still alive. He is 95 years old as of 2021.
