Net Worth: $520 million
Source of Wealth: Real estate
Residence: Beverly Hills
Guilford Glazer who one colleague described as a tough businessman who “trades on his own terms” is probably best known in the Los Angeles area for building Torrance’s Del Amo Fashion Center, which at 3 million square feet is easily the region’s largest shopping center.
Glazer also has office buildings in Atlanta, Boston and Pittsburgh, as well as Holiday Inns and industrial buildings and he claims no debt on many of his properties.
Born in Knoxville, Tenn., Glazer inherited and expanded his father’s welding shop there. He entered the real estate development market by building an apartment house for his widowed mother in 1950.
Glazer, who moved to L.A. in 1960, has been on the board of directors of The Torrance Co., First Interstate Bank and Del Amo Fashion Center. He has also been involved with numerous charitable organizations, including the L.A. Holocaust Memorial, the Jerusalem Fund, Stop Cancer and the L.A. County Museum of Art.
Glazer, 75, retired from full-time work last July in order to spend more time with his grandchildren and on the golf course.