NET WORTH: $1.1 billion -20%
LAST YEAR: $1.38 billion
RESIDENCE: Los Angeles
SOURCE OF WEALTH: Real estate, private equity
THE MONEY: Not a great year for the private-equity titan. His Colony Capital saw hefty stake in European retailer Carrefour lose half its value, while holdings in Accor hotel brand are also down. Barrack upped stake in Colony Financial, a publicly traded REIT subsidiary, which was flat for year.
BUZZ: Barrack was in the news as an early bidder for the L.A. Dodgers, but was rejected by Major League Baseball before final round. Had offered bankruptcy financing to Frank McCourt. Also active in Hollywood. Firm co-owns Miramax Films, which signed $325 million in licensing deals. Other deals include buying portfolio of European real estate loans, selling stake in Parisian soccer team and selling hotel operator Smeralda Holding. Colony’s diverse holdings include Napa vineyards, Swiss hospitals and a stake in Sam Nazarian’s SBE hospitality group, as well as quirky investments such as Annie Leibovitz’s photography portfolio. Former USC rugby player and University of San Diego law alum served in Reagan administration. Got start in finance with Texas investment firm Robert M. Bass Group, where he was a principal. Earned reputation for distress investing in S&L crisis and founded Colony in 1991.
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