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China's Property Giant Passes Away at the Age of 50

China’s Property Giant Passes Away at the Age of 50
The Chinese billionaire entrepreneur who led brokerage services in the worlds’ largest residential real estate market died of an unspecified illness on Thursday.
Zuo Hui, who founded the country’s largest residential real estate brokerage company, passed away due to an “unexpected worsening of illness,” on May 20, said the company’s CEO. The company is working as usual and will announce the related matters and arrangements in two weeks.
“We are very saddened by the passing of Zuo and extend our deepest sympathies to his family,” the company’s chief executive Peng Yongdong said in a statement. “He made invaluable contributions to Beike and Lianjia and the industry over the past 20 years.” ....

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Rich Barton, Glenn Sanford Debut On Forbes Billionaires List

Inman Connect
Forbes has released its much-anticipated annual Billionaires’ List, which featured more than 200 real estate executives from across the globe. Eight new real estate billionaires made their debuts this year, including Zillow co-founders Rich Barton and Lloyd Frink, and eXp World Holdings founder and CEO Glenn Sanford.
Rich Barton
Barton, Frink and Sanford have net worths of $2.2 billion, $1.4 billion and $1.8 billion, respectively. California-based commercial real estate executive Donald Bren nabbed the title of the United State’s wealthiest real estate baron with a net worth of $15.3 billion.
Although
Forbes is just now recognizing Barton and Sanford’s billionaire status, Barton entered the billionaires’ club in February 2020 after a stellar fourth-quarter 2019 earnings report catapulted Zillow Group’s stock above $64 per share. ....

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