Thomas Barrack

Thomas Barrack

$1.00 B

Ranked #1342 in World

About Thomas Barrack

Thomas Joseph Barrack Jr., born on April 28, 1947, in Culver City, California, with Lebanese heritage, has made significant strides in both the political and business realms. Educated at the University of Southern California and the University of San Diego School of Law, Barrack's early career included a stint in Saudi Arabia and roles within the U.S. government. He founded Colony Capital in 1990, growing it into a $25 billion asset powerhouse, known for investments in distressed properties globally and owning notable assets like Neverland Ranch. Despite facing legal challenges, including a 2021 indictment for allegedly acting as a foreign agent which resulted in acquittal in 2022, Barrack has maintained a prominent position in finance and politics, endorsing Donald Trump in 2016 and chairing his inauguration committee. His personal life includes high-profile relationships and significant real estate transactions, alongside recognition such as the Chevalier de la Légion d’honneur awarded by France.

Born

April 28, 1947 in Los Angeles County, California, U.S.

Age

78 years

Source Of Wealth

Real Estate Investments

Industries

Investments

Citizenship

United States

Residence

Los Angeles, CA

Education

Doctor of Jurisprudence, University of Southern California; Bachelor of Arts / Science, University of Southern California

Spouse

Rachelle Barrack (divorced)

Children

6

## Early Years & Childhood

Thomas Joseph Barrack Jr. was born on April 28, 1947, in Culver City, California. His Lebanese Christian grandparents immigrated from Zahlé, Lebanon. Barrack attended the University of Southern California (USC), where he played rugby and served as an editor of the Southern California Law Review. He went on to receive a Juris Doctor from the University of San Diego School of Law in 1972.

## Family

Barrack married Rachelle Roxborough in 2014, but the couple divorced in 2016. He has six children and is currently in a relationship with Hadley Gamble. His family resides in Los Angeles, California.

## Career Highlights

Barrack worked at the law firm of Herbert W. Kalmbach, President Richard Nixon's personal lawyer. In 1972, he was sent to Saudi Arabia, where he became a squash partner of a Saudi prince. He subsequently worked for the Fluor Corporation and Saudi princes in Saudi Arabia, contributing to the establishment of diplomatic relations between Saudi Arabia and Haiti. Barrack also served as deputy undersecretary of the United States Department of the Interior under James G. Watt during the Reagan administration.

## Companies

Barrack has been involved with several companies throughout his career. He was a principal with the Robert M. Bass Group and founded Colony Capital in 1990, with investments from Bass, GE Capital, Eli Broad, Merrill Lynch, and Koo Chen-fu. Colony Capital achieved significant profits by focusing on distressed properties and investing in Middle East real estate, non-performing German real estate loans, and a loan to photographer Annie Leibovitz.

## Major Achievements

Barrack's major achievements include negotiating drilling rights with Mana Al Otaiba, selling a stake in the Raffles L'Ermitage hotel to the Abu Dhabi Investment Authority, and buying Jared Kushner's debt on 666 Fifth Avenue. He was ranked as the 833rd richest person in the world and 375th richest in the United States in 2011, with an estimated wealth of $1.1 billion.

Barrack also sold Paris Saint-Germain F.C. to the Qatar Investment Authority in 2012 and partnered with the same entity to purchase Miramax for $660 million in 2010, later selling it to beIN Media Group at a fourfold profit.

## Awards & Achievements

Barrack has received several awards and honors, including the Golden Plate Award of the American Academy of Achievement (2000), the Lloyd Greif Center for Entrepreneurial Studies’ Entrepreneur of the Year Award (2005), and the Chevalier de la Légion d’Honneur (2010).

## Personal Life & Legacy

Barrack is a Roman Catholic and owns a mountain ranch near Santa Barbara, Happy Canyon Vineyards, and a tasting room in downtown Santa Barbara. He has bought and sold a house in Santa Monica for record-breaking prices and purchased a home in Aspen, Colorado, in 2017. Barrack is reportedly friends with convicted sex offender Jeffrey Epstein.

## Trivia

Barrack endorsed Donald Trump during the 2016 presidential election and was a major fundraiser for his campaign. He recommended Paul Manafort as Trump's campaign manager and had loaned him money in the past. Barrack was also involved in setting up a meeting between Trump and the Emir of Qatar in 2016 and served as chairman of the committee overseeing the 2017 Trump inauguration, raising over $100 million. He was interviewed during the Special Counsel investigation into Russian interference in the 2016 election and was indicted in 2021 for acting as an agent of a foreign power, obstructing justice, and making false statements to law enforcement. Barrack was found not guilty on all charges in November 2022.

Wealth History

Timeline

April 28, 1947

Thomas Joseph Barrack Jr. is born in Culver City, California.

1972

Barrack works at the law firm of Herbert W. Kalmbach, President Richard Nixon's personal lawyer.

1972

Barrack is sent to Saudi Arabia and becomes a squash partner of a Saudi prince.

1985

Barrack deals with Donald Trump for the first time, selling him a one-fifth stake in Alexander's department stores.

1990

Barrack founds Colony Capital with investments from Bass, GE Capital, Eli Broad, Merrill Lynch, and Koo Chen-fu.

2010

Colony Capital partners with the Qatar Investment Authority to purchase Miramax for $660 million.

2011

Barrack is ranked as the 833rd richest person in the world and 375th richest in the United States, with an estimated wealth of $1.1 billion.

2012

Barrack sells Paris Saint-Germain F.C. to the Qatar Investment Authority.

2016

Barrack endorses Donald Trump during the presidential election and is a major fundraiser for his campaign.

2016

Barrack serves as chairman of the committee overseeing the Trump inauguration, raising over $100 million.

2017

Barrack sells a stake in One California Plaza to the Abu Dhabi crown prince's investment fund.

2021

Barrack is indicted for acting as an agent of a foreign power, obstructing justice, and making false statements to law enforcement.

2022

Barrack's indictment is broadened to include allegations of seeking hundreds of millions of dollars in investments from the United Arab Emirates while illegally lobbying the Trump administration.

November 2022

Barrack is found not guilty on all charges.

Thomas Barrack : FAQs

What is Thomas Barrack's net worth?

As of 2013, Thomas Barrack's net worth was $1.00 billion.

What are Thomas Barrack's main sources of wealth?

Thomas Barrack's main source of income comes from Real Estate Investments.

In which industry does Thomas Barrack primarily operate?

Thomas Barrack is primarily involved in the Investments industry.

What is Thomas Barrack educational background?

Thomas Barrack holds a Doctor of Jurisprudence from the University of Southern California and a Bachelor of Arts / Science from the University of Southern California.

How old is Thomas Barrack?

Thomas Barrack is 78 years old.

How many children does Thomas Barrack have?

Thomas Barrack has 4 children.

What is Thomas Joseph Barrack Jr.'s background and early life?

Thomas Joseph Barrack Jr. was born on April 28, 1947, in Culver City, California, with Lebanese Christian grandparents who immigrated from Zahlé, Lebanon. He attended the University of Southern California (USC), played rugby, was an editor of the Southern California Law Review, and received a Juris Doctor from the University of San Diego School of Law in 1972.

How did Thomas Barrack start his career and what led him to international business?

Barrack started his career at the law firm of Herbert W. Kalmbach, President Nixon's personal lawyer, before being sent to Saudi Arabia in 1972 where he became a squash partner of a Saudi prince. His work in Saudi Arabia and for the Fluor Corporation laid the foundation for his international business ventures, including opening diplomatic relations between Saudi Arabia and Haiti.

What are some key milestones in Thomas Barrack's business career?

Thomas Barrack founded Colony Capital in 1990, focusing on distressed properties and achieving significant profits. His investments spanned Middle East real estate, German loans, and he even owned Neverland Ranch. Barrack's Colony Capital managed a $25 billion portfolio, faced criticism during the Great Recession, and he was involved in significant transactions like buying Jared Kushner's debt on 666 Fifth Avenue.

What was Thomas Barrack's role in politics and his connection to Donald Trump?

Thomas Barrack endorsed Donald Trump in the 2016 presidential election, was a major fundraiser for his campaign, recommended Paul Manafort as campaign manager, and served as chairman of the committee overseeing Trump's 2017 inauguration. He also had ties to UAE officials and was involved in political activities that led to his indictment and acquittal on charges related to acting as a foreign agent.

Can you detail Thomas Barrack's personal life, awards, and recognitions?

Thomas Barrack married Rachelle Roxborough in 2014 but divorced in 2016, has six children, and is currently in a relationship with Hadley Gamble. He owns properties in Santa Barbara and Aspen and has been awarded the Golden Plate Award of the American Academy of Achievement (2000), Entrepreneur of the Year Award (2005), and Chevalier de la Légion d’Honneur (2010).
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