Just how much is the former Trump advisor worth?
, down from $400 million just after the merger. And the stock was trading 11% lower than that when Barrack lamented the fate of his shares on a March 1, 2018 earnings call: “It’s the majority of my personal net worth. It’s the dominant factor in my and my family’s pride, reputation and future,” he told investors.
Seeking to move on from the failed merger, Barrack divested many of the inherited NorthStar assets eventually rebranding the real estate investment trust in June 2021 as reflecting its shift to investing in digital infrastructure like data centers and cell towers. But that doesn’t hide the fact that the company is bleeding red ink: It posted a $3.8 billion net loss in 2020 on $1.24 billion in revenues.
None of these moves have helped the stock price much. Shares are up just 9% since the day before the 2018 investor call and down 36% from Colony NorthStar’s first trading day in 2017, leaving Barrack’s stake worth $178 million. He also owns roughly $25 million worth of real estate, found, including the $15.6 million Aspen property, a $6 million home in Santa Ynez, Calif. and a $2.4 million condo at Trump Parc East in Manhattan.
Whatever other assets Barrack may have, they almost certainly haven’t generated enough of a return since July 2018 to make Barrack a billionaire again. And that’s without accounting for the fact that Barrack couldn’t liquidate much of his fortune right now if he needed to, since the U.S. government has the right to his DigitalBridge stock and his homes until Barrack makes all required court appearances.
If all goes according to his plan, Barrack and his benefactors should be able to reclaim their assets relatively soon. In an emailed statement provided by his spokesperson, Barrack declared: “Of course I am innocent of all these charges and we will prove that in court.”
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