Harlan Crow is an American real-estate developer, businessman, art collector, and philanthropist. He is known for his role as the former chairman and CEO of the Trammell Crow Company. Crow has established himself as a prominent figure in the business world through his entrepreneurial ventures, political donations, and support for various charitable causes.
What is Harlan Crow’s Net Worth?
Is Harlan Crow a billionaire? Yes, Harlan Crow has an estimated net worth of $2.5 billion. His wealth comes from inheriting his family business and making strategic investments across various sectors. Crow’s financial portfolio is impressive, with an annual income of $270 million. Here is a breakdown of his wealth:
- Annual Income: $270 million
- Donations: $100 million
- Cash in Bank: $1 billion
- Monthly Expenditure: $18 million
- Inheritance: $850 million
- Crypto Investments: $60 million
- Retirement Savings: $120 million
- Stock Portfolio: $900 million
- Taxes Paid: $11 million
How Did Harlan Crow Start His Real Estate Career?
Harlan Crow began his career at the Trammel Crow Houston Industrial, working as a leasing agent from 1974 to 1978. This early experience provided him with valuable insights into the real estate business. From 1978 to 1986, Crow managed the Dallas Office Building development operations of Trammel Crow Company. He later served as the President of Wyndham Hotel Company from 1986 to 1988.
What is Crow Holdings?
Crow Holdings, founded in 1982, is a privately owned real estate and development firm based in Dallas, Texas. Harlan Crow has played a pivotal role in the company’s growth, steering it towards becoming a powerhouse in the real estate industry. Crow Holdings manages a diverse portfolio of commercial properties, including office buildings, retail centers, industrial warehouses, and multifamily residential communities. With nearly $29 billion in assets, it is one of the largest landlords in the United States.
What are the Subsidiaries of Crow Holdings?
Crow Holdings encompasses several subsidiaries that handle various aspects of real estate development and management. Some notable subsidiaries include:
- Crow Holdings Capital
- Trammell Crow Residential
- Crow Holdings Industrial
- Crow Holdings Office
- Old Parkland Office Campus
- Anatole Hotel
These subsidiaries contribute to the company’s extensive portfolio and help maintain its status as a leading real estate developer.
What Other Ventures is Harlan Crow Involved In?
Apart from his work in real estate, Harlan Crow is involved in several other ventures and organizations. He is a member of the founding committee of the Club for Growth, a board member of the American Enterprise Institute, and a member of the all-male Bohemian Club. Additionally, Crow serves as the chairman of American Airlines and is a member of the board of directors of the National Rifle Association. He also founded the Harlan Crow Library, showcasing his diverse interests and influence in various sectors.
How Does Harlan Crow Engage in Philanthropy?
Harlan Crow is a notable philanthropist, having donated significant amounts of money to various causes and organizations. Since George W. Bush started running for office, Crow has increased his donations in the form of cash and gifts. Some of the individuals and organizations that have benefited from his generosity include:
- The Dallas Museum of Art
- The Dallas Symphony Orchestra
- The Nasher Sculpture Center
- The Dallas Zoo
Crow’s philanthropic efforts have had a substantial impact on the cultural and social landscape of the Dallas-Fort Worth area.
Where Does Harlan Crow Live?
Harlan Crow resides in a luxurious mansion in Dallas, Texas. His house is estimated to be worth $55 million and features ten bedrooms, twelve bathrooms, a swimming pool, a golf course, and a tennis court. This grand residence reflects his success and status as one of the wealthiest individuals in the real estate industry.
What Does the Future Hold for Harlan Crow?
As a seasoned businessman and philanthropist, Harlan Crow continues to influence the real estate industry and beyond. His strategic investments and leadership have ensured the sustained growth of Crow Holdings. Additionally, his philanthropic efforts demonstrate his commitment to giving back to the community. Moving forward, Crow’s impact is expected to continue, both through his business ventures and his charitable contributions.
Conclusion
Harlan Crow’s journey from a leasing agent to a billionaire real estate mogul and philanthropist is a testament to his vision, hard work, and strategic thinking. With a net worth of $2.5 billion and an impressive portfolio, Crow has left an indelible mark on the real estate industry. His philanthropic endeavors further underscore his dedication to making a positive difference in the community. As he continues to lead Crow Holdings and engage in various ventures, Harlan Crow’s legacy is set to endure for generations to come.