With a net worth of almost $4 billion, Richard Saghian is one of the most successful businessmen in the real estate industry. He is also known as the “King of New York City Apartment Buildings’ and is regarded as one of the most influential people in this niche. The 66-year-old business tycoon has an extensive real estate portfolio that includes residential properties and commercial buildings. He has holdings in both commercial and residential properties in New York City, Hong Kong, London, and Dubai. The real estate magnate was born in New York on June 16, 1950. His father was an Iranian immigrant and his mother was American.
Richard Saghian’s Real Estate Empire
To understand the extent of Richard Saghian’s real estate empire, it’s essential to know about the history of his company, its locations, and the types of properties it owns. For starters, Richard Saghian owns several real estate companies that are spread across the five continents. His companies are currently active in New York City, Hong Kong, Dubai, London, and Pune, India. The size of Richard Saghian’s real estate empire is immense. In New York City, the real estate magnate owns several apartment buildings and commercial complexes. The largest among them is the One Central Park building which is a combination of retail and residential spaces. The building is valued at $1.2 billion and has retail spaces on the ground floor and residential apartments above it. Apartments in the building range between $500,000 to $25 million.
Hong Kong Properties
Hong Kong is one of the most vibrant and prosperous cities in the world. The real estate market in the cash-strapped city is booming and investors are flocking to the place to get their hands on highly-priced properties. One of the most successful businessmen in the real estate industry is Richard Saghian who operates in this city. He owns several residential and commercial properties in Hong Kong, some of which are worth $1 billion each. The largest among them is Central Park, a residential and retail building, which is worth $1.2 billion. The property is located in the Central district of Hong Kong. Apartments in the property range between $500,000 and $25 million. Richard Saghian also owns The Pacific, another prominent property in the city. The building is worth $1 billion and has two towers with apartments ranging between $500,000 and $25 million.
Dubai Properties
Similar to Hong Kong, Dubai is another city that is booming with both residential and commercial real estate prices. The city has become a favorite destination for both rich people from around the world and locals as it combines the best of both worlds. Richard Saghian, who is one of the most successful businessmen in the real estate industry, has several properties in this city. Dusit Thani, a hotel owned by the magnate and the Sheraton Dubai Creek Hotel is his most prominent property in Dubai. Both properties are worth $200 million.
New York City Properties
New York City has one of the largest and most active real estate markets in the US. The real estate industry in the city has gone through significant changes in recent times with many new players entering the market. Richard Saghian, who is one of the most successful businessmen in the real estate industry, is one such player. The real estate magnate has extensive real estate holdings in New York City. His companies are currently active in New York City, Hong Kong, Dubai, London, and Pune, India. The size of Richard Saghian’s real estate empire is immense. Apartments in the Central Park building, which is worth $1.2 billion, range between $500,000 and $25 million. Apartments in One Central Park, a commercial building in the same location, are worth $300 million to $1.5 billion. Richard Saghian has also developed a residential building named The Grange in Kowloon, Hong Kong.
London Properties
Real estate tycoons are always on the lookout for new opportunities and growth. The UK is one of the most developed and advanced economies in the world and it is also one of the most expensive cities in the world. Richard Saghian, who is one of the most successful businessmen in the real estate industry, is no exception. He has extensive real estate holdings in London and has recently begun operating in the city after a long hiatus. The magnate recently bought a mansion in Mayfair and is planning to turn it into a hotel. Apartments in the property are valued at $1 million each. Apartments in the building range between $1 million and $5 million. Richard Saghian also owns a property in Chelsea, London worth $35 million. Apartments in the building are valued at $5 million each.
Richard Saghian’s Contribution to Real Estate Industry
As is evident from the facts above, real estate magnates like Richard Saghian make a difference in the real estate industry. They are the ones who are behind the success of real estate ventures in the countries where they operate. Richard Saghian has successfully built an empire of several billion dollars. Apart from the properties discussed above, he has also developed The Grange, Central Park, and One Central Park in New York City. The real estate magnate has also come up with a unique way of marketing his properties. He runs a social media campaign through which he invites people to write their thoughts on the properties he owns. Apart from that, he has also collaborated with various celebrities to market his properties.
Richard Saghian’s Personal Life
The real estate magnate has been married twice and has four children from his two marriages. He was married to Nancy Saghian from 1972 to 1985 and later married to Kathryn Saghian in 1986. The billionaire businessman has also been spotted dating several women including socialite Paris Hilton, model Theresa Panayiotou, and TV host and actress, Kim Cattrall. Richard Saghian is one of the wealthiest and most influential people in the real estate industry. The 66-year-old business tycoon has an extensive real estate portfolio that includes residential properties and commercial buildings.The real estate magnate was born in New York on June 16, 1950.