This Thrill-Seeking Billionaire Made A Fortune In Luxury Apartments
Larry Connor made a fortune in luxury apartments by obsessing over the smallest transaction. His strategy has paid off for years, but now that the market has shifted, how close to the edge is he willing to go?
“You’ve got to be willing to take calculate risk, not stupid risk,” Connor says. That has been a winning strategy for him and his real estate firm, the Connor Group, which has led to three decades of astronomical returns and a $2 billion personal fortune.
Since he cofounded the business in 1991, its investments in luxury apartments have generated an annual rate of return of 30.4%. That’s almost unheard of in an industry in which titans such as Blackstone and Brookfield have posted returns of 16% and 18% in real estate, respectively, since inception.
0:00 Intro
0:52 Who is Larry Connor?
1:15 Entrepreneurial Journey
4:11 Formation of The Connor, Murphy and Berman Group
5:25 Methodology for Success
6:52 Thrill-seeking Adventures
8:11 Philanthropic Pursuits
11:01 The Greater Dayton School
13:44 Larry the Leader
Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/04/17/meet-the-skydiving-billionaire-with-sky-high-returns/?sh=48136b3f8dfa
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Видео This Thrill-Seeking Billionaire Made A Fortune In Luxury Apartments канала Forbes
“You’ve got to be willing to take calculate risk, not stupid risk,” Connor says. That has been a winning strategy for him and his real estate firm, the Connor Group, which has led to three decades of astronomical returns and a $2 billion personal fortune.
Since he cofounded the business in 1991, its investments in luxury apartments have generated an annual rate of return of 30.4%. That’s almost unheard of in an industry in which titans such as Blackstone and Brookfield have posted returns of 16% and 18% in real estate, respectively, since inception.
0:00 Intro
0:52 Who is Larry Connor?
1:15 Entrepreneurial Journey
4:11 Formation of The Connor, Murphy and Berman Group
5:25 Methodology for Success
6:52 Thrill-seeking Adventures
8:11 Philanthropic Pursuits
11:01 The Greater Dayton School
13:44 Larry the Leader
Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/04/17/meet-the-skydiving-billionaire-with-sky-high-returns/?sh=48136b3f8dfa
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript
Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Видео This Thrill-Seeking Billionaire Made A Fortune In Luxury Apartments канала Forbes
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