Tom Barrack Biography
Tom Barrack is an American private equity real estate investor as well as the founder and executive chairman of Colony Capital Inc.
His first position was at Herbert W. Kalmbach’s law firm, personal counsel to President Richard Nixon. The firm sent him to Saudi Arabia in 1972 where he soon became the Saudi prince’s squash partner. He then worked for the Fluor Company in the empire and worked for the Saudi princes. Shortly afterward, at the behest of investor Lonnie Dunn, he helped open diplomatic relations between Saudi Arabia and Haiti and then ruled by Jean-Claude Duvalier. Barrack claims he was disillusioned with government service after being forced to testify to the purchaser of the Edwin Meeses house before a congressional committee because of a gift Barrack had received. In 1985, when Barrack sold Trump a one-fifth interest in Alexanders’ department stores, he first met with Donald Trump.
In 1988 Trump decided to pay $410 million to Barrack for complete Plaza Hotel ownership. Barrack founded Colony Capital in 1990, with initial investments from Bass and GE Capital, and later from Eli Large, Merrill Lynch, and Koo Chen-fu. In 2009, Barrack was negotiating a sale of a $41 million stake in the Raffles LErmitage hotel to the Abu Dhabi Investment Authority with his friend, Ambassador Yousef Al Otaiba. Barracks Colony Capital decided to invest in The Weinstein Company in October 2017 to keep it afloat in light of reports of sexual harassment by Harvey Weinstein.
Tom Barrack Age
Barrack is 73 years old as of 2020, he was born on 28 April 1947 in the United States. He celebrates his birthday on April 28th every year. His birth sign is Taurus.
Tom Barrack Height
Tom stands at an average height and has moderate weight. He appears to be quite tall in stature if his photos, relative to his surroundings, are anything to go by. However, details regarding his actual height and other body measurements are currently not publicly available. We are keeping tabs and will update this information once it is out.
Tom Barrack Education
He graduated with a BA degree from the University of Southern California in 1969. While there, he participated in their varsity rugby team. Before receiving his JD from the University of San Diego School of Law in 1972, Barrack attended the USC Gould School of Law. While at USC, he was an editor of the Southern California Law Review.
Tom Barrack Family
Barrack was born and raised by her parents in Melbourne. Our efforts to find out more about her family came to no avail as no such information is publicly available. Thus, the identity of Barrack’s parents is still unclear. It is also not known if she has any siblings. Nevertheless, this section will be updated as soon as it is available.
Tom Barrack Wife
Barrack was married to his lovely wife, Rachelle Roxborough. The couple tied their knot on October 25, 2014, at his 700-acre vineyard and polo ranch in California’s Santa Ynez Valley. The family lived in L.A. The bride arrived in a horse-drawn carriage that drove across the polo fields. Rachelle slapped Barrack with divorce documents back in the year 2016 but the court dismissed the case two weeks later. Rachelle cited the usual irreconcilable differences for walking away from their two-year marriage.
She now receives $83,000 per month in child support for their two children, Jaden and Alaia. The mother of two also receives $41,667 per month in spousal support. Actually, Rachelle is Tom Barrack’s third ex-wife and is one of the children of Pam J. Roxborough. She was born on August 18, 1977, making her wealthy hubby 33 years her senior.
Tom Barrack Children
Barrack has been married three times and he has 6 children in total from his past marriages.
Tom Barrack Salary
According to our reliable sources, Barrack’s monthly salary is estimated at $2,448,426.
Tom Barrack Net Worth
Barrack has an estimated net worth of US$1.1. billion. This includes his assets, money, and income. His primary source of income is his career as a private equity real estate investor. Through his various sources of income, Barrack has been able to accumulate a good fortune but prefers to lead a modest lifestyle.
He has invested some $200 million in Middle East real estate, $534 million in non-performing German real estate loans, and made a $24 million loan to photographer Annie Leibovitz. Through Colony Capital, he runs a $25 billion portfolio of assets, from the Fairmont Raffles Hotels International hotel chain in Asia, the Aga Khan’s former resort in Sardinia, Resorts International Holdings, One&Only Resorts, Atlantis, etc.
Tom Barrack Measurements and Facts
Here are some interesting facts and body measurements you should know about Barrack.
Tom Barrack Bio and Wiki
- Full Names: Thomas Joseph Barrack Jr.
- Gender: Male
- Occupation / Profession: private equity real estate investor
- Nationality: American
- Race / Ethnicity: Not Available
- Religion: Not Known
- Sexual Orientation: Straight
Tom Barrack Birthday
- Age / How Old?: 73 years old (as of 2020)
- Zodiac Sign: Taurus
- Date of Birth: 28 April 1947
- Place of Birth: United States
- Birthday: 28 April
Tom Barrack Body Measurements
- Body Measurements: Not Available
- Height / How Tall?: Not Known
- Weight: Not Known
- Eye Color:
- Hair Color:
- Shoe Size: Not Available
Tom Barrack Family and Relationship
- Father (Dad): Not Known
- Mother: Not Known
- Siblings (Brothers and Sisters): Not Known
- Marital Status: Married
- Wife/Spouse: Married to Rachelle Roxborough
- Children: 6 children
Tom Barrack Networth and Salary
- Net Worth: US$1.1. billion
- Salary: Under Review
- Source of Income: real estate investing
Tom Barrack House and Cars
- Place of living: To be Updated
- Cars: Car Brand to be Updated
Tom Barrack House
He purchased a $15.5 million palatial home in Aspen, Colorado, just in time for the peak ski season. Nestled on four acres on Eagle Park Road, a secluded and luxurious address just minutes from downtown Aspen, the house occupies 11,312 square feet of living space with five bedrooms, six baths, and two half baths. The house, owned for nearly two decades by a member of the Stuart family, of Carnation Dairy fame, was first listed in July 2016 for $17.95 million. This August the price fell to $16.95 million, listing history on Realtor.com reveals. Renowned for running a commercial real estate and distressed debt-focused assets, Mr. Barrack Jr. made a more personal leap earlier this year. He sold his Santa Monica, California home for $24.25 million in an off-market deal.
Tom Barrack Colony Capital
Tom Barrack founded Colony Capital in 1990, which is a $44 billion money investment firm. Initial investments were by Bass and GE Capital, and later Eli Broad, Merrill Lynch, and Koo Chen-fu. The president’s friend achieved 50% profits in his first two years by focusing on distressed properties, like the federal Resolution Trust Corporation. Critics stormed Colony Starwood Homes for treating tenants poorly during the Great Recession. Besides, Colony Starwood Homes raised rents, evicted people in large numbers, and failed to maintain properties.
In 2014, Tom Barrack stepped down as the chief executive officer of the company. Barrack’s Colony Capital agreed to invest in The Weinstein Company in October 2017. This was in order to keep it afloat in light of Harvey Weinstein’s sexual misconduct allegations. According to The New York Times, the initial agreement with Weinstein fell apart and the acquisition broke down. Colony Capital later withdrew from the deal after being unable to structure the purchase in a way to avoid enriching Harvey Weinstein. Last year, 2018, Tom Barrack returned to the CEO role following a stock rout that has cut the investment firm’s market value in half. He took over from former CEO, Richard Saltzman, who still remains as a shareholder.
Tom Barrack Trump
Barrack first dealt with Trump when he sold Trump a one-fifth stake in Alexander’s department stores back in 1985. Trump agreed to pay Barrack $410 million for total ownership of the Plaza Hote in 1988. In 2010, Barrack bought $70 million of Jared Kushner’s debt on 666 Fifth Avenue.
Jared Kushner is married to one of Trump’s daughters. He avoided bankruptcy when Trump requested Tom Barrack to reduce his obligations. During the 2016 United States presidential election, Barrack endorsed Donald Trump. He was a major fundraiser for Trump’s campaign through the “Rebuilding America Now” Super PAC, which raised $23 million. Barrack had first met Manafort in the 1970s when they were both working for Saudis and living in Beirut. On April 26, 2016, the billionaire realtor began an email correspondence with one of his business partners. The business partner was UAE Ambassador, Yousef Al Otaiba. Tom Barrack reassured him that President Donald Trump had investments in the United Arab Emirates.
Fire and Fury
The emails marked the beginning of Trump’s improbable change from opposing Muslims to supporting them. Tom Barrack helped hold a meeting between Trump and the Emir of Qatar in Trump Tower, back in September 2016. Barrack raised over $100 million while serving as chairman of the inauguration of the Donald Trump committee. Despite their friendship, Tom Barrack quoted, in the 2018 book Fire and Fury, that Trump was not only crazy but stupid. However, he denied that he ever said that. According to a Washington Post, Barrack commented on Trump’s inflammatory rhetoric and proposals to ban immigrants from certain Muslim countries.
Frequently Asked Questions About Tom Barrack
Who is Tom Barrack?
Barrack is an American private equity real estate investor as well as the founder and executive chairman of Colony Capital Inc.
How old is Tom Barrack?
Barrack is 72 as of 2019. The investor was born on 28 April 1947 in the United States.
How tall is Tom Barrack?
He has not shared his height with the public. Her height will be listed once we have it from a credible source.
Is Tom Barrack married?
Barrack was married to his lovely wife, Rachelle Roxborough. The couple married in 2014.
How much is Tom Barrack worth?
He has an approximate net worth of $1.3 billion. This amount has been accrued from his/her leading roles in the entertainment industry.
How much does Tom Barrack make?
Barrack’s annual salary is estimated to be at $2,448,426.
Where does Tom Barrack live?
The real estate investor lives in Los Angeles. He bought a $15.5 million home in Aspen, Colorado in 2017.
Is Tom Barrack dead or alive?
Barrack is still alive and in good health. There have been no reports of him being sick or having any health-related issues.
Tom Barrack Facebook Social Media Contacts
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