Thomas Barrack is a prominent figure in the world of real estate investments and has gained significant recognition for his close association with former U.S. President Donald Trump.
In this article, Covemarkets will delve into Thomas Barrack net worth in 2023, explore the reasons behind his fame, provide an overview of his early life, career, and personal life, and much more.
|Thomas Joseph Barrack Jr.
|April 28, 1947
|Los Angeles County, California, U.S.
Doctor of Jurisprudence degree and a Bachelor of Arts/Science degree from the University of Southern California
|Source of Wealth
|Real estate investments
What is Thomas Barrack Net Worth and Salary in 2023?
As of 2023, Thomas Barrack’s estimated net worth is $1.5 billion. He has accumulated his wealth through his successful career in real estate investments and his involvement in various business ventures. Additionally, as the Executive Chairman of the Board at Colony Capital, he earns a salary of $15,957,000.
Why is Thomas Barrack Famous?
Thomas Barrack rose to fame primarily due to his close friendship and association with former U.S. President Donald Trump. He has been a long-time friend and fundraiser for Trump, representing him in television news appearances.
Barrack served as the senior advisor to Trump’s presidential campaign and held the position of chairman of his Inaugural Committee. His involvement in Trump’s political endeavors has garnered significant attention and contributed to his fame.
Thomas Barrack Overview
Thomas Joseph Barrack Jr. was born on April 28, 1947 in Los Angeles County, California, U.S.. He began his career in the legal field, working at the law firm of Herbert W. Kalmbach, who was President Richard Nixon’s personal lawyer.
In 1972, Barrack was sent to Saudi Arabia by the firm, where he became acquainted with influential figures, including a Saudi prince. He later worked for the Fluor Corporation in the kingdom, further establishing his connections with Saudi princes.
Career and Awards
Thomas Joseph Barrack Jr., is a renowned American private equity real estate investor. He is the founder and executive chairman of Colony Capital, a publicly traded real estate investment trust (REIT).
Barrack has been a close friend and fundraiser for former U.S. President Donald Trump, even serving as a senior advisor to Trump’s presidential campaign and the chairman of his Inaugural Committee.
Barrack’s career began in 1969 when he earned a Bachelor of Arts degree from the University of Southern California (USC), where he was part of their varsity rugby team.
He later attended the USC Gould School of Law and received a Juris Doctor from the University of San Diego School of Law in 1972. His first job was at the law firm of Herbert W. Kalmbach, President Richard Nixon’s personal lawyer.
In 1972, the firm sent him to Saudi Arabia, where he worked for the Fluor Corporation and Saudi princes.
Throughout his career, Barrack has held several prestigious positions. He served as deputy undersecretary of the United States Department of the Interior under James G. Watt in the Reagan administration in 1982.
He was also a principal with the Robert M. Bass Group in 1987. Barrack has served on the board of directors of Accor, Kerzner International, First Republic Bank, Continental Airlines, Korea First Bank, and Megaworld Properties & Holdings. He is also a trustee at the University of Southern California.
In recognition of his contributions, Barrack has received several awards and honors. In 2000, he received the Golden Plate Award of the American Academy of Achievement.
In 2005, he was awarded the Lloyd Greif Center for Entrepreneurial Studies’ Entrepreneur of the Year Award. In 2010, French president Nicolas Sarkozy awarded him France’s Chevalier de la Légion d’honneur.
Despite his successful career, Barrack has faced legal challenges. In 2021 and 2022, he was indicted on nine charges stemming from his alleged lobbying for the United Arab Emirates (UAE) as an unregistered foreign agent.
However, in November 2022, he was found not guilty on all charges. Despite these challenges, Barrack continues to be a prominent figure in the world of real estate investment.
With an estimated worth of US$1.1 billion as of September 2011, Barrack was the 833rd richest person in the world and the 375th richest in the United States. In 2014, however, he was no longer a billionaire.
Thomas Barrack is currently married to Rachelle Roxborough, whom he wed in 2014. They have two young children together. Barrack’s personal interests include polo, a sport he took up later in life after playing rugby during his time at the University of Southern California.
He is also an oenophile and has invested in wineries, including Château Lascombes in Bordeaux and his own Happy Canyon Vineyard in California.
FAQs about Thomas Barrack
What is Thomas Barrack’s age?
Thomas Barrack is currently 76 years old.
How many children does Thomas Barrack have?
Thomas Barrack has four children.
What is Thomas Barrack’s educational background?
He holds a Doctor of Jurisprudence degree and a Bachelor of Arts/Science degree from the University of Southern California.
Thomas Barrack’s net worth in 2023 stands at $1.5 billion, reflecting his success in the real estate investment industry. His close association with former U.S. President Donald Trump has contributed to his fame and recognition. Barrack’s early life, career, and personal interests provide a deeper understanding of the man behind the wealth.
As he continues to navigate the world of business and investments, Thomas Barrack remains a prominent figure in both the real estate and political spheres. Thank you for reading.
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