Investing
Winner in World’s Biggest Housing Boom Defies Short-Seller Noise
Stephen Smith says he built his $3.6 billion fortune without ever needing property prices to soar.
Stephen Smith
Photographer: Galit Rodan/Bloomberg
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Perhaps no one has made more money off the world’s biggest housing boom than Canadian financier Stephen Smith.
But as Smith tells it, he built his fortune — estimated by Bloomberg at about $3.6 billion — without ever needing property prices to soar.