Igor Olenicoff
$8.0B
Born
Sep 20, 1942
Age
83
Source of Wealth
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
- 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.
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