Rank #454
Igor Olenicoff
Net worth $8.0B
Real estate · United States
- Born
- Sep 20, 1942
- Age
- 83
- Source
- Real estate
- Residence
- Lighthouse Point, Florida
- Citizenship
- United States
- Marital status
- Married
- Children
- 2
- Education
- Bachelor of Arts/Science, University of Southern California; Master of Business Administration, University of Southern California; Master of Science, University of Southern California
Net worth over time
Biography
- Igor Olenicoff was born in Iran, where his tzarist-connected parents had moved to escape the Soviet Revolution. He moved to the U.S. at age 15 and eventually built up a substantial real estate empire.
- His Olen Properties owns more than 8 million square feet of office space and over 17,000 residential units in California and seven other U.S. states.
- Olenicoff's daughter and heir-apparent, Natalia Ostensen, assists in running the day-to-day operations.
- In 2007, Olenicoff pleaded guilty to lying on his tax return about keeping $200 million in offshore accounts, and agreed to pay $52 million in back taxes and fraud penalties.
- Olenicoff grew up in Iran and attended an American missionary school there.
- When his family arrived in the U.S. in 1957, they had 4 suitcases and $800.