You see all kinds of commercials telling you to sell your gold for cash, when there should be more commercials telling you to learn to sell real estate. Real estate acumen crosses many borders. All of these moguls share solid families teaching good, long-lasting values. All of these great real estate moguls have built upon these solid foundations.
These real estate moguls are not prone to careless or reckless behavior. They differentiate between short-term investment fixer-uppers and long-term acquisitions. They learn from past mistakes.
Some of the greatest real estate moguls of the present day include three individuals - Donald Trump, Kushal Pal Singh and Queen Elizabeth - along with two families - the Rockefellers and Rothschilds.
Real estate empires accrue over time with prudent management. Real estate moguls time purchases before booms and sales before busts.
Donald Trump knows all too well that real estate has tremendous ups-and-downs. While the “rags to riches” myth is romantic, most real estate moguls were born into families with a financial advantage over their competition. Donald Trump was born in 1946 to a wealthy real estate developer.
Donald Trump’s present worth is estimated to be $3 billion. He leveraged his own name into a brand: “Trump” that has been associated with excellence.
Trump filed business bankruptcy in the 1990s. He restructured his loan agreements, ceding ownership in some of his pursuits. He has emerged with numerous properties in New York, California and Florida; mixed with increasing international property developments in Dubai (United Arab Emirates) Panama and Turkey. His empire includes casinos, golf clubs, hotels and the television show, “The Apprentice.”
His major property holdings include the following:
Trump International Hotel and Tower - corner of Central Park, one of only three United States hotels receiving the double Mobil five-star rating for hotel and restaurant, Trump’s stake valued at $12 million.
Trump World Tower - 845 United Nations Plaza (adjacent to United Nations) in midtown Manhattan, boasts of polished maple hardwood floors, a private pool and spa, with an estimated value of $290 million.
Trump Tower - 725 at 5th Avenue and East 57th Street, 68 stories high, completed in 1983, originally the tallest all-glass structure in Manhattan, has an estimated value of $288 million.
Kushal Pal Singh is an Indian, born in 1931. He has been ranked eighth on Forbes’ List of Billionaires. He acquired land from Indian farmers for his Delhi Land and Finance (DLF) Real Estate company. Then he went to Singapore to raise money.
Now DLF is not only India’s largest land developer with an estimated 10,255 acres, but it is the world’s largest real estate company based on revenues, earnings, market capitalization and area available for development.
Singh demonstrated forward-looking vision anticipating trends. With the increasing industrialization of India’s economy, the opportunities for his real estate development company seem tremendous.
Still, his present worth teaches us that “What goes up, must come down.” While his worth was valued at $30 billion in 2007, it has plummeted to $7.8 billion for 2009. He must show his true business acumen in returning his empire to its previous heights.
Queen Elizabeth was born in 1926. Her holdings overlap public and personal wealth making her one of the wealthiest “Royals” in the world. Her public wealth supposedly includes all of the wealth of British holdings around the world. Her private wealth is listed as $240 million, with the largest being driven by the 50,000 acres of property at Balmoral Estate in Scotland. Over hills and through woods, this estate bursts with wildlife. Although, it is listed as the private home for British Royalty, it has been used to generate income through tourism.
This estate demonstrates the real estate maxim of using “extra” money as investments to generate “cash revenue.” This way the property continually earns income.
The Rockefellers demonstrated the power of concentrating resources. The Rockefellers have spanned business, political and social networks of influence.
The Rockefellers used the Standard Oil Company to monopolize most elements of oil use: production, distribution and sale. The government eventually busted this monopoly to increase competition in the market. The Rockefellers leveraged their wealth into prime real estate, especially in New York City.
The following Rockefeller inspired, managed or owned properties demonstrate their influence in all aspects of social and economic affairs:
International House of New York (I House) - 500 Riverside Drive, New York City, graduate and professional residential property for New York City colleges and universities.
One Chase Manhattan Plaza - JP Morgan Chase Manhattan is successor to Rockefeller Bank, 60 floors.
Governor Nelson A. Rockefeller Empire State Plaza - 98-acre complex for several New York state government buildings, including justice and legislative buildings, includes an ice skating rink and fountains.
Rockefeller Center - 48th through 51st Streets, between 5th and 7th Avenues in midtown Manhattan, New York City, group of 19 commercial buildings on 22 acres, largest privately held complex in the world, which includes the NBC Studios, 30 Rockefeller Plaza; Radio City Music Hall, 1260 Avenue of the Americas and General Electric RCA Building, 30 Rockefeller Plaza.
The Rothschilds have always been bankers with close ties to governments. They have used these connections to maintain secrecy for many of their affairs - prohibiting any official audits of their wealth. Rumors estimate their family’s accumulated wealth as high as $491 trillion.
The Rothschilds have followed strict family rules to maintain their wealth. One rule suggests investment of 1/3 of their wealth in securities, 1/3 in art and 1/3 in real estate. Thus, by these calculations, the Rothschilds must have about $160 trillion hidden in real estate around the globe.
The following is a partial listing of Rothschild holdings:
France
Parc de Boulogne de Rothschild in Paris
Chateau Lafite Rothschild in Bordeaux
Chateau Mouton Rothschild in Bordeaux
England
Ascott House and Eythrope, country houses in Buckinghamshire
Champneys and Forsters Estate, health spas in Wigginton.
These real estate moguls have been patient. They have accumulated long term residences and short term investments, while always maintaining a proper level of cash flow.
The infamous Hepburn family owned estates all over the U.S., including Conneticut, New York, and Los Angeles. In Martin Scorsese’s film “The Aviator,” one of the Hepburn mansions was actually a Montreal lodging where much of the movie was filmed.
College Station Real Estate
For marketing your Real Estate in College Station or Bryan Texas, visit Cortiers Real Estate.com online. Buying and Selling real estate is fueled by service and professionalism.
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