Richard Lefrak Net Worth (Updated 2026).

Richard Lefrak, born into a prominent real estate family in New York, began his career at a young age, learning the ropes from his father, Myron Lefrak, a renowned developer. Richard’s first foray into the business was working alongside his father on various projects, including the Lefrak City development in Queens, which housed over 5,000 families and was one of the largest private housing projects in the United States at the time.

Lefrak’s big break came in the 1970s when he took over his father’s company, Lefrak Organization, after his passing. He expanded the company’s portfolio, venturing into new markets and diversifying its investments. His most notable project during this period was the development of the Lefrak City complex in New Jersey, which was even larger than its Queens counterpart. This project, along with others, solidified Richard Lefrak’s reputation as a major player in the real estate industry and catapulted him to fame.

Richard Lefrak’s Current Net Worth (2025)

As of 2025, Richard Lefrak’s current net worth is estimated to be around $5 billion. This figure reflects his extensive real estate portfolio and various business ventures.

Richard Lefrak’s Career

Richard Lefrak is the CEO and Chairman of Lefrak Organization, a prominent real estate company in New York. He took over the family business in 1992 and has since expanded its portfolio to include residential, commercial, and retail properties. His career spans over three decades, marked by strategic acquisitions and innovative developments.

Other Ventures

Beyond real estate, Lefrak has diversified his interests. He is a co-owner of the New York Mets, a role he took on in 2020. Additionally, he is a philanthropist, supporting various causes through the Lefrak Family Foundation, which focuses on education, healthcare, and community development.

Assets

Lefrak’s assets are primarily tied to his real estate holdings, including iconic properties like the Lefrak City complex in Queens and the Lefrak Organization’s headquarters in Manhattan. He also owns a significant stake in the New York Mets, valued at over $2 billion.

Annual Income

Richard Lefrak’s annual income is not publicly disclosed. However, as the CEO of Lefrak Organization and a co-owner of the New York Mets, his earnings are substantial. His wealth has grown consistently over the years, indicating a significant annual income.

Frequently Asked Questions about  Richard Lefrak

**Richard Lefrak Net Worth**

Frequently Asked Questions

1. What is Richard Lefrak’s net worth?

Richard Lefrak’s net worth is estimated to be around $5.5 billion.

2. Who is Richard Lefrak?

Richard Lefrak is an American real estate developer and the chairman of Lefrak Organization, a prominent real estate company in New York City.

3. How did Richard Lefrak build his wealth?

Richard Lefrak built his wealth through the Lefrak Organization, which he took over from his father, Samuel Lefrak. The company is known for developing large-scale residential complexes in New York City and other parts of the United States.

4. What is the Lefrak Organization?

The Lefrak Organization is a real estate development company founded by Samuel Lefrak in 1909. It is known for developing large-scale housing projects, including the Lefrak City complex in Queens, New York.

5. How old is Richard Lefrak?

Richard Lefrak was born on December 23, 1944, making him 77 years old.

6. Is Richard Lefrak married?

Yes, Richard Lefrak is married to Susan Markey Lefrak.

7. Does Richard Lefrak have any children?

Yes, Richard Lefrak has three children: Samantha, Richard Jr., and David.

8. Where does Richard Lefrak live?

Richard Lefrak resides in New York City.

9. What are some of the notable projects developed by the Lefrak Organization?

Some of the notable projects developed by the Lefrak Organization include Lefrak City in Queens, New York, and the Lefrak Townhouses in Manhattan.

10. What is Richard Lefrak’s philanthropic involvement?

Richard Lefrak is involved in various philanthropic activities, including supporting the arts, education, and healthcare. He is a trustee of the New York-Presbyterian Hospital and a member of the Council on Foreign Relations.