David Walentas
$2.35B
as of 07/05/24
About David Walentas
David Walentas founded Two Trees Management, which is best known for transforming two Brooklyn neighborhoods, Dumbo and Williamsburg.
Walentas owns over two dozen residential and commercial properties across Dumbo, Brooklyn Heights, Williamsburg and Manhattan.
In the 1970s he borrowed $12 million to buy 2 million square feet of industrial buildings in an unpopular part of Brooklyn that later became Dumbo.
He acquired the Domino Sugar refinery's 11 acres in Brooklyn for $185.5 million in 2012 and is remaking it; the first tower opened in 2017.
Walentas works closely with his son Jed, who became CEO of Two Trees in 2011.
Personal stats
Citizenship
United States of AmericaSource of wealth
Real estateResidence
New York, New YorkMarital status
WidowedBirth date
08/07/38 (age 85)Number of children
1Education
Bachelor of Arts/Science, University of VirginiaSelf-made
self-madeDavid Walentas’s fortune is worth
39K
troy ounces of gold
36K
median U.S. household
23K
median U.S. income
0.047%
U.S. credit card volume
0.009%
GDP of the United States
0.007%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
Walentas has pledged $100 million to the University of Virginia, his alma mater, mostly to fund opportunities for first-generation students.
Net worth over time
Real-time ranking
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