Richard LeFrak & family

Early Life and Education

Richard S. LeFrak was born in 1945 in New York City to a Jewish family. His father, Samuel J. LeFrak, was a real estate developer. Richard LeFrak received a B.A. cum laude from Amherst College and a J.D. from Columbia University.

Rise to Success

LeFrak joined the family's real estate firm, the LeFrak Organization, in 1968. He became president in 1975 and was elected chairman and CEO in 2003 following the death of his father, Samuel J. LeFrak. Under his leadership, the company expanded and diversified its portfolio, including projects like the development of Newport in Jersey City, New Jersey.

Key Business Strategies

Richard LeFrak's leadership has been characterized by a focus on community development and long-term ownership. He has overseen the development of millions of square feet of residential, commercial, and mixed-use properties. The LeFrak Organization's strategy includes investment in diverse sectors beyond real estate, including securities, private businesses, and energy. LeFrak also expanded into luxury and new markets.

Philanthropy

Richard LeFrak presides over the Richard S. and Karen LeFrak Charitable Foundation. The foundation supports various charitable organizations, institutions of higher learning, hospitals, research facilities, and cultural programs.