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PROFILE
David Lichtenstein
$2B
Real Time Net Worth
as of 4/16/24
#1626 in the world todayReflects change since 5 pm ET of prior trading day.
Photo by Jamel Toppin for Forbes
About David Lichtenstein
- Real estate mogul David Lichtenstein first racked up $89,000 in credit card debt to purchase a two-story, multi-family home in New Jersey in 1986.
- Today his Lightstone Group oversees some 23,000 rental units across 120 properties across 28 states.
- Lightstone is also developing a new brand of millenial-focused city hotels with Marriott, called Moxy. Its Times Square location opened in 2017.
- In 2007 he paid $7.4 billion in debt and $200 million in equity for Extended Stay America, a chain of mid-priced hotels.
- The recession forced Extended Stay into bankruptcy protection; Lightstone later sold 20 malls for $2.3 billion.
Wealth History
HOVER TO REVEAL NET WORTH BY YEAR
Forbes Lists
#1623
Personal Stats
- Age
- 62
- Source of Wealth
- Real estate, Self Made
- Residence
- Monsey, New York
- Citizenship
- United States
- Marital Status
- Married
Did you know
In Their Own Words
You don't have to be too bright to get into real estate.
David Lichtenstein
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