Meet the World’s 5 Richest Real Estate Investors in 2024 (2024)

FAQs

Is 2024 a good time to invest in real estate? ›

Interest rates should continue to decrease in 2024. A housing market crash is not on the horizon. Housing inventory will likely still be low throughout the rest of 2024. If you're financially ready to buy now, don't wait.

“Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.” - Andrew Carnegie, billionaire industrialist.

Experts like Fannie Mae and the Mortgage Bankers Association predict that mortgage rates will decrease in 2024 and continue to drop in 2025 but this likely won't be until the latter half of the year.

If your credit score is strong, your employment is stable and you have enough savings to cover a down payment and closing costs, buying now might still be smart. If your personal finances are not ideal at the moment, or if home values in your area are on the decline, it might be better to wait.

90% of millionaires made their money in Real Estate. I became a millionaire without owning a single property. But I own 6 small businesses that make me $725k/year.

Put your money in proven investments.

Most millionaires have money in the stock market, which has an average historical return of about 10% per year. Real estate is another popular investment of those with $1 million or more.

“90% of all millionaires become so through owning real estate.” This famous quote from Andrew Carnegie, one of the wealthiest entrepreneurs of all time, is just as relevant today as it was more than a century ago. Some of the most successful entrepreneurs in the world have built their wealth through real estate.

1. Warren Buffett. Warren Buffett, CEO & Chairman of Berkshire Hathaway, is one of history's most successful investors, consistently ranking first among US global investors.

Who is the most successful real estate person? ›

Warren Buffet

Warren Buffett is widely considered the greatest investor in the world. Born in 1930 in Omaha, Nebraska, Buffett began investing at a young age and became the chairman and CEO of Berkshire Hathaway, one of the world's largest and most successful investment firms.

Warren Buffett is widely considered the single best investor of all time, and that's simply because his numbers are so otherworldly.

As a whole, analysts are optimistic about the outlook for stock prices in 2024. The consensus analyst price target for the S&P 500 is 5,090, suggesting roughly 8.5% upside from current levels.

Mortgage rates are expected to continue trending down through 2024 and into 2025, and we could see rates drop further into the 5% range.

Bank of America economists predict that house prices will remain high until at least 2026. Their report suggests that while the rapid price surges experienced during the pandemic will cool down, prices will not drop significantly.

Generally speaking, late spring and summer are the peak real estate season, when there's the most inventory to choose from — but also the most competition, and the highest prices. If affordability is a concern, you're likely to score a better deal during the winter months.