Forbes Magazine’s annual list of billionaires shrank by more than 300 this year.
There are some notable names within that group of one-time billionaires: Facebook’s Mark Zuckerberg and Maurice Greenberg of American International Group, among them.
I must admit I did feel a strange, inexplicable sadness for the erstwhile super, super, super, super rich, who are now only super, super rich.
In total, there are 793 billionaires today, down from 1,125 last year. Only 38 new names are on the list. And now for your real estate slant (since that’s what they pay to provide here): Leon Charney, a New York real estate investor with $1.4 billion to his name, made the list for the first time this year. Here’s what the mag had to say about him:
“Charney’s real estate holdings are defying the ailing economy.
He owns gobs of office space located in New York City’s famed Times Square: three skyscrapers, 1.5 million square feet of commercial space. The son of a sewing supplies salesman, Charney paid for Brooklyn Law School by singing in synagogues—he actually considered career as vocalist but chose entertainment law instead. His star client: Sammy Davis Jr. Charney bought his first building, One Times Square, on the night Jimmy Carter lost re-election to Ronald Reagan in 1980. He then borrowed and reinvested rental income into 12 surrounding buildings.”