Orange County’s Wealthiest Real Estate Moguls Amass $47 Billion in Net Worth

Donald Bren, Chairman of Irvine Company, leads a group of six prominent real estate developers and investors in Orange County, with a combined net worth of $47 billion. Bren, who is the richest person in Southern California and the largest real estate developer in the U.S., has a personal wealth of $18.3 billion, according to the latest edition of the Orange County Business Journal’s annual OC’s Wealthiest list.

Bren tops the list of 41 wealthy individuals, which includes six major fortunes derived from real estate. These fortunes are integral to the dynamic and vibrant market of Orange County, known for its extensive coastline and reality TV fame.

Key Real Estate Fortunes in Orange County

• • Donald Bren (Irvine Company): $18.3 billion
  • Igor Olenicoff (Olen Properties): $9.4 billion (8th overall)
  • Ed Roski (Majestic Realty): $7.2 billion (10th overall)
  • Rick Caruso (Caruso): $5.8 billion (13th overall)
  • George and Julia Argyros (Arnel & Affiliates): $3.6 billion (19th overall)
  • Segerstrom family (C.J. Segerstrom & Sons): $2.8 billion (25th overall)

Anthony Hsieh (loanDepot), with $1.3 billion (41st overall), is another notable mention.

Profiles of Wealthiest Real Estate Figures

Donald Bren:
Bren’s wealth is primarily attributed to the Irvine Company, which developed the Irvine Ranch lands, including parts of Newport Beach and the entire City of Irvine. The company’s portfolio includes:

• 129 million square feet of real estate
• Nearly 600 office buildings
• 125 apartment properties with around 65,000 units
• 40 retail centers
• A coastal resort, three golf courses, and five marinas
• The majority of these holdings are in Orange County, with significant assets in San Diego, Silicon Valley, and even the MetLife building in New York City’s Midtown.

Igor Olenicoff:
Founder of Olen Properties, Olenicoff has a net worth of $9.4 billion. His real estate holdings span various regions, contributing significantly to his wealth.

Ed Roski:
With $7.2 billion, Roski, chairman of Majestic Realty, has a substantial portfolio that includes industrial properties in Orange County. He also maintains a residence in the area.

Rick Caruso:
Caruso, founder of Caruso, has a net worth of $5.8 billion. Although primarily based in Los Angeles, he owns a waterfront home in Newport Beach and has served on the board of Irvine Company.

George and Julia Argyros:
The Argyros family, with $3.6 billion, manages Arnel & Affiliates, a significant player in the Orange County real estate market.

Segerstrom Family:
The Segerstrom family, with $2.8 billion, owns C.J. Segerstrom & Sons, known for high-profile properties in Orange County.

Conclusion

Orange County’s real estate market is significantly influenced by these six individuals and families, whose combined wealth underscores the region’s status as a major hub for real estate development and investment. Donald Bren’s Irvine Company remains a cornerstone of this wealth, shaping much of the county’s landscape and economic vitality.

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