Real estate developers, landlords and company owners account for 37 of the 400 wealthiest Americans in a new list compiled by Forbes.
Berkshire Hathaway Chairman and CEO Warren Buffett was real estate’s king on the list, with a net worth of $58.5 billion. That makes Buffett the second-wealthiest person in America, behind Microsoft founder Bill Gates.
Berkshire Hathaway owns the second-largest brokerage in the U.S., HomeServices of America, and the new real estate franchise brand, Berkshire Hathaway HomeServices.
Buffett had a good year. His net worth jumped by $12.5 billion, a bigger pop than any other person on the list, according to Forbes, which has been ranking the 400 wealthiest Americans for 32 years.
Casino mogul Sheldon Anderson was the next real estate player on the list with a net worth of $28.5 billion, followed by the U.S.’s wealthiest real estate developer, Donald Bren, and his $8.1 billion, according to Forbes.