Irvine Housing Blog

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OC Billionaires Posted: 14 Mar 2012 05:00 AM PDT Jon Lansner at the Register went through the Forbes list and identified the 9 OC billionaires on it: Irvine Co. boss Donald Bren was one of nine Orange County-bred fortunes — three from the property game — that made the Forbes magazine list of the world's billionaires. At No. 69, the real estate holdings of Bren, 79, were valued by Forbes at $12 billion. Click through the slideshow to see the others! Forbes noted: Forbes began the authoritative pursuit of the world's billionaires 25 years ago. Our first cut yielded 140 names. This year we've counted an all-time high 1,226 billionaires worth a record $4.6 trillion. See this post in its original form, and read more on Lansner on Real Estate. From the full list at Forbes, it looks like there are two others who have a real estate fortune greater than Bren's: the Kwok family in Hong Kong with $18.3 billion (#27) and the Otto family, retail and real estate, in Germany with $17.6 billion (#34). The Forbes profile on Donald Bren says: The Irvine Co. portfolio includes 480 office properties. The company also owns 125 apartment communities with 44,000 units, 41 shopping centers, three hotels, three golf clubs and five marinas. How much are those properties valued at and how much debt is on them?

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