Alan Casden Net Worth $1.2 Billion
Alan Casden is a self-made real estate investor and developer with the estimated net worth of $1.2 billion as of March 2012 according to Forbes. In 2011, he was the 359th wealthiest man in the “Forbes 400” list and was ranked 1015th in the list of World Billionaires in 2012. He went to use Kenneth Leventhal & Company where it turned out to be an important accounting firm for big U.S. residential real estate developers. In 1969, he founded the firm’s office in San Francisco. He also worked with flat developer Robert Mayer. With all the financial support in the Belzberg family of Canada, he could seize control of the company. In late 2010, Casden Properties opened a 276-unit lease home development in Burbank. Casden is planning to develop an apartment and retail complex in West Hollywood. After Casden broke up a year ago with investing associate Cerberus Partners, a New York private equity firm, his net worth was down by $700 million. In November 2010, the pair quit making payments on their $30 million debt they owe several properties in Los Angeles region. Lenders, directed by Comerica bank, sued for mortgage foreclosure. Given the lawsuit, Forbes will now not count the worthiness of the properties despite their representatives saying that the properties will soon be brought out of price once the dispute is settled. Alan Casden also owns 3,100 luxury apartments in the LA area. In 2003, he tried to buy the LA Dodgers. Once again, Belzberg is reportedly interested in purchasing the Major League Baseball franchise, one of the many billionaires bidding on the team, from embattled owner Frank McCourt.