NET WORTH: $1.58 billion, up 9 percent
LAST YEAR: $1.45 billion
SOURCES OF WEALTH: Real estate, private equity
THE MONEY: His private equity firm, Colony Capital, active in range of industries; most investments saw gains. Upped his stake again in publicly traded real estate trust Colony Financial. Gains in value of personal real estate and other holdings.
BUZZ: Combined management of his private equity real estate investment firm Colony Capital with publicly traded REIT Colony Financial; deal structured to reduce overall tax burden and increase management efficiency. Now executive chairman of combined company, which has Colony Financial name and more than 300 employees and 14 offices worldwide. Owns 500,000 shares of Colony Financial outright and has some control over 21.2 million shares. Colony Capital equity portfolio valued at $24 billion; when factoring in investments of entities in which it has equity stake, has total capital portfolio worth $60 billion. Investments include office buildings, hotels, Napa vineyards and stake in Sam Nazarian’s SBE hospitality group as well as Neverland Ranch and Annie Leibovitz’s photography portfolio. Purchased Miramax film studio from Disney in 2010 and brought back Hollywood legends Bob and Harvey Weinstein to run the studio. Married Rachelle Roxborough in lavish, star-studded wedding at his Santa Ynez Valley ranch/vineyard/polo field in October. Couple has two young children; he has children from previous marriages. Served in Reagan administration as deputy undersecretary of the Department of the Interior, then principal at Robert M. Bass Group. Earned reputation for distressed investing in savings and loan crisis; founded Colony in 1991. Owns home in Brentwood, estate in Montecito, apartment in Manhattan and spends summers at holdings in the south of Europe.
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