Bloomberg Billionaires Index

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#487 Ben Ashkenazy $4.05B

Random fact: Popstar Drake sang at his daughter's bat mitzvah.


Ashkenazy is the founder and controlling shareholder of Ashkenazy Acquisition, a real estate firm that owns London's Grosvenor House Hotel, New York's Plaza Hotel and Boston's Faneuil Hall Market. The Manhattan-based company invests in retail, hospitality, office and residential properties and owns more than 100 buildings valued at $12 billion.

As of Sept. 25, 2017:
Last change No change
YTD change +$50.0M (+1.3%)
Industry Real Estate
Biggest asset Ashkenazy Acquisition
Citizenship United States
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Ben Ashkenazy's net worth of $4.05B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Ashkenazy is the controlling shareholder of Ashkenazy Acquisition, the real estate developer that owns more than a 100 buildings valued at $12 billion, according to its website.

The value of Ashkenazy's stake is derived from its share of that $12 billion figure less debt of more than $4 billion, according to a person familiar with the portfolio who asked not to be identified as the information is private. About a third of all deals are carried out with partners. Ashkenazy Acquisition is credited with a 50 percent share of those deals based on property loan documents detailing the structures of joint ventures. 

Ashkenazy is credited with 75 percent of Ashkenazy Acquisition, based on a filing with U.K. Companies House that identifies him as the sole person with significant control over the U.K. subsidiary.

Ashkenazy declined to comment on his net worth.


Family: Married, 3 children

Ben Ashkenazy was born in Israel in 1970 and grew up in Long Island. He bought his first property -- a shopping center in the Bronx -- at age 17 with help from his businessman father, Izzy. He moved to Houston where he bought ten buildings, according to a 2001 article in trade publication Real Estate Weekly.

He founded Ashkenazy Acquisition in 1992 and bought properties that he'd enlarge and secure a more profitable tenant mix for. His company bought Barneys store sites in New York, Los Angeles and Chicago in 2001. More high-profile assets followed including Washington's Union Station in 2007 and Boston's Faneuil Hall in 2011. 

The purchase of a stake in New York's Plaza Hotel and London's Grosvenor House Hotel in 2017 marked the start of a 2 billion euro ($2.3 billion) push over the next 24 months to buy iconic properties worldwide, according to a company press release. Ashkenazy lives in New York.

  • 1970 Ben Ashkenazy is born in New York.
  • 1987 Buys first building, a shopping center in the Bronx.
  • 1992 Returns to New York from Houston and founds Ashkenazy Acquisition.
  • 2001 Acquires three retail sites occupied by Barneys stores.
  • 2007 Buys lease for Washington's Union Station.
  • 2008 Joins forces with Carlyle Group to buy New York offfce tower 650 Madison.
  • 2012 Ashkenazy Acquisition pays $79 million for Seattle shopping mall.
  • 2017 Buys London's Grosvenor House Hotel.