Thomas J. Barrack, Jr.
| Tom Barrack | |
|---|---|
| Born | 1947/1948 (age 69–70) |
| Education |
University of Southern California (BA, JD) |
| Net worth | USD$1.0 billion (2017) |
| Political party | Republican |
| Spouse(s) | Rachelle Barrack |
| Children | 4 |
Thomas J. "Tom" Barrack Jr. (born 1947/1948) is an American private equity real estate investor and the founder, chairman, and CEO of Colony Capital. Barrack is a close friend and ally of President Donald Trump, and has represented Trump on television news segments. He served as the chairman of the Presidential Inaugural Committee.
His grandparents immigrated to the United States from Lebanon. He graduated with a BA in 1969 from the University of Southern California (USC) where he was a star on their national championship rugby team. He attended USC and USC Gould School of Law receiving a JD in 1972 and he was an editor of the Law Review.
His first job was at the law firm of Herbert W. Kalmbach, President Richard Nixon's personal lawyer. He then worked in Saudi Arabia for the Fluor Corporation. He then learned Arabic and worked for Saudi princes. Shortly after, he helped open diplomatic relations between Saudi Arabia and Haiti, then ruled by Jean-Claude Duvalier, at the request of investor Lonnie Dunn.
Barrack served as Deputy Undersecretary of the United States Department of the Interior under James G. Watt in the Reagan administration.
Barrack was later a principal with the Robert M. Bass Group. In 1990, he founded Colony Capital, and received initial investment from Bass and GE Capital, and later from Eli Broad, Merrill Lynch, and Koo Chen-fu. He has invested some $200 million in Middle East real estate, $534 million in non-performing German real estate loans, and a $24 million loan to photographer Annie Leibovitz. He also owns the Neverland Ranch. Through Colony Capital, he runs a $25 billion portfolio of assets, from the Fairmont Raffles Hotels International hotel chain in Asia, the Aga Khan's former resort in Sardinia, Resorts International Holdings, One&Only Resorts, Atlantis, etc.
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