Tom Barrack is a businessman and investor from the United States. In terms of the latter, he focuses on the private equity real estate niche. He is best known as the founder, Chief Executive Officer (CEO), and chairman of the company Colony NorthStar. It is no secret that he Barrack and President Donald Trump are close friends. He is both an ally and a close friend to him. That explains his numerous depictions of Trump. They are usually seen on television news segments. The man also served as chairman of the Presidential Inaugural Committee.
Quick Facts
| Celebrated Name: | Tom Barrack |
|---|---|
| Real Name/Full Name: | Thomas J. Barrack, Jr. |
| Gender: | Male |
| Age: | 75 years old |
| Birth Date: | 28 April 1947 |
| Birth Place: | United States |
| Nationality: | American |
| Height: | 1.85 m |
| Weight: | 64 kg |
| Sexual Orientation: | Straight |
| Marital Status: | Married |
| Wife/Spouse (Name): | Rachelle Barrack (m. 2014) |
| Children: | N/A |
| Profession: | American private equity real estate investor and the founder and executive chairman of Colony Capital Inc. |
| Net Worth in 2024: | $1.5 billion |
Tom Barrack Biography
Thomas J. Barrack Jr. was born Tom Barrack. His birth date and place of birth are unknown. However, the birth year is either 1947 or 1948. There are no details available about his parents or siblings. Only the fact that his grandparents were Lebanese immigrants.
Tom Barrack received his education at the University of Southern California. When he graduated in 1969, he received a BA. Later, in 1972, he received his JD from the Gould School of Law.
Tom Barrack Age, Height, Weight
Tom Barrack was born on April 28, 1947, He is 75 years old as of 2024. His height is 1.85 m, and he weighs 64 kg.
Career
Tom Barrack began his legal career at the law firm of President Richard Nixon’s lawyer, Herbert W. Kalmbach. Later, he worked for the Fluor Corporation in Saudi Arabia, where he learned Arabic and worked for Saudi princes. During the Reagan administration, he was Deputy Undersecretary of the United States Department of Interior under James G. Watt.
He established Colony Capital in 1990, with initial funding from Bass and GE Capital, followed by Eli Broad, Merrill Lynch, and Koo Chen-fu. Tom Barrack currently has $540 million in non-performing German real estate, $200 million in the Middle East, and $24 million in loans to photographer Annie Leibowitz.
Barrack is a trustee at the University of Southern California and a member of the University board of Pepperdine University. He has served on the boards of directors of several companies, including First Republic Bank, Continental Airlines, Accor, Kerner, Megaworld Properties & Holdings, and Korea First Bank.
Tom Barrack’s Achievements and Awards
He was named a Chevalier de la Legion d’honneur by French President Nicolas Sarkozy.
Tom Barrack’s Net Worth In 2024
Tom Barrack has a net worth of more than $1.5 billion as of February 2024. His colony capital now manages more than $25 billion in asset portfolios, including Atlantis, Asia’s Fairmont Raffles Hotels International Hotel chain, Resorts International Holdings, and One & Only Resorts.
As of September 2011, he was the 833rd richest person in the world and the 375th richest in the United States, with an estimated wealth of $1.1 billion. It was unfortunate that he was no longer a billionaire in 2014. Capital of Tom’s Colony In October 2017, he invested in The Weinstein Company, a film production company. In light of Harvey Weinstein’s sexual misconduct allegations, the Weinstein Company was to keep Colony Capital afloat. Tom previously owned stock in Miramax, the Weinstein brothers’ predecessor film studio.
Tom Barrack is a great man who has powerful allies. He is one of US President Donald Trump’s closest friends. The two met in the 1980s while negotiating the Plaza Hotel deal. He endorsed Donald Trump for president in 2016 as a result of their friendship, and he was a major fundraiser for Trump’s campaign through the “Rebuilding America Now” super PAC. He was Trump’s campaign’s senior advisor and the chairman of his inaugural committee.
Tom Barrack Wife, Marriage
He got married to Rachelle Barrack in 2014.
