Andrew W. Lerner and Edward R. “Ted” Rowe are not just two of the 25 richest people in Ohio, they’re also two of the 25 richest people in the world with a combined net worth of $14.7 billion dollars. The two men have been friends since the early 1980s. Not much is known about their backgrounds, but they’ve known each other long enough to have started a real estate investment firm together. Over the past 10 years, their firm, Lerner and Rowe Properties, has grown from a local firm to one of the largest real estate companies in the world.
The Net Worth of Lerner and Rowe
What is Lerner and Rowe Properties?
Lerner and Rowe Properties is a real estate investment firm, founded in 1983 by Ted Rowe and Andrew W. Lerner. It is headquartered in Cleveland, Ohio.
The company has grown from a local firm to one of the largest real estate companies in the world. The company owns, manages or finances over 80 million square feet of commercial property, primarily in Ohio and Florida.
Lerner and Rowe’s Investments
Lerner and Rowe’s investments are varied. They own companies including The Four Seasons Hotel, which they bought in 1990 for $125 million dollars. They also own the world-renowned New York City’s Plaza Hotel and two of the most expensive apartments in Manhattan. They have invested in a number of other hotels, residential properties, shopping malls, and retail chains.
Lerner and Rowe Properties is currently valued at around $14 billion dollars. The net worth of Lerner and Rowe is estimated at around $14.7 billion dollars, making them one of the 25 richest people in America as well as the 25 richest people in the world.
How Did They Become Rich?
The two men learned the basics of real estate investing from their father, who taught them everything he knew about the business. They started out with small investments that paid off, and after a few years, they were able to open up a finance company. The two men have developed a complex network of investors who are willing to put in money when they see high-return opportunities.
It’s clear to see how both Lerner and Rowe made their way into the Top 25 richest people in Ohio. Their success comes from networking with other powerful businessmen and building relationships with those they’re interested in investing with.
The couple’s biggest asset
The biggest asset of the Lerner and Rowe couple is their real estate investment firm, Lerner and Rowe Properties. As of 2017, this company has a net worth of $14.7 billion dollars, with the two men owning it 50/50.
The two also have other real estate companies that they own together. These companies are also worth a combined $14.7 billion dollars as of 2017.
Personal assets
Lerner and Rowe Properties
– $14.7 billion
– Residential properties
– Commercial properties
– The Lerner and Rowe Building in Columbus, Ohio
– $1.6 billion
– Mutual funds
– Family Foundation
Conclusion
Lerner and Rowe Properties is one of the largest real estate players in the world. The company’s success can largely be attributed to the founders’ investments, which include investments in real estate, retail, and hotels. They also have an impressive personal net worth of $5 billion.