Extell Gary Barnett Net Worth (Updated 2026).

Gary Barnett, a name that has become synonymous with New York City’s skyline, began his career in the real estate industry in the late 1980s. Born and raised in New York, Barnett’s passion for the city and its architecture was evident from an early age. He started his career at a small real estate firm, where he honed his skills in development and acquisitions. Barnett’s big break came in the 1990s when he founded Extell Development, a company that would go on to become one of the most prominent real estate developers in the city.

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Extell Gary Barnett’s Current Net Worth (2025)

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As of 2025, Extell Development Company’s founder, Gary Barnett, has an estimated net worth of $3.5 billion, according to the latest available information. This significant wealth is attributed to his successful career in real estate development.

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Career

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Gary Barnett, born in 1954, is an American real estate developer and the founder of Extell Development Company. He began his career in the 1980s, working for various real estate firms before establishing Extell in 1996. Barnett is known for his luxury residential projects, including One57 and Central Park Tower in New York City.

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Other Ventures

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Beyond Extell, Barnett has ventured into other business areas. He is a co-founder of the real estate investment platform, PropertyClub, and has also invested in tech startups like Compass, a real estate technology company. Barnett’s diversified portfolio reflects his interest in various industries beyond real estate.

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Assets

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Gary Barnett’s assets primarily consist of real estate holdings, both residential and commercial. His most notable assets include the One57 and Central Park Tower skyscrapers in Manhattan, valued at over $4 billion combined. Barnett also owns a significant stake in Extell Development Company.

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Annual Income

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As the founder and chairman of Extell Development Company, Gary Barnett’s annual income is substantial. However, the exact figure varies year to year depending on the company’s performance. According to Forbes, in 2021, Barnett’s estimated annual income was around $500 million, primarily from his real estate ventures.

Frequently Asked Questions about  Extell Gary Barnett

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Frequently Asked Questions: Extell Gary Barnett Net Worth

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1. What is Gary Barnett’s net worth?

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Gary Barnett’s net worth is estimated to be around $5 billion.

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2. How did Gary Barnett make his fortune?

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Gary Barnett made his fortune through his real estate development company, Extell Development. He has developed numerous high-profile projects in New York City, including One57, Central Park Tower, and the Mandarin Oriental, New York.

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3. When was Extell Development founded?

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Extell Development was founded in 1989 by Gary Barnett.

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4. What is the most expensive property developed by Extell?

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The most expensive property developed by Extell is Central Park Tower, which is also the tallest residential building in the world.

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5. Where is Gary Barnett from originally?

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Gary Barnett was born in Israel and moved to the United States in his late teens.

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6. What is Gary Barnett’s educational background?

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Gary Barnett graduated from the Wharton School of the University of Pennsylvania with a Bachelor of Science degree in Economics.

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7. How many employees does Extell Development have?

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Extell Development has over 300 employees.

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8. What other businesses does Gary Barnett own besides Extell Development?

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Gary Barnett also owns a minority stake in the New York Knicks, the professional basketball team based in New York City.

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9. What is Gary Barnett’s philanthropic work like?

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Gary Barnett is known for his philanthropic work, having donated to various causes including the Jewish General Hospital in Montreal and the University of Pennsylvania.

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10. What is Gary Barnett’s age?

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Gary Barnett was born on July 15, 1953, making him 68 years old.