James Lomma Net Worth: A Closer Look

James Lomma Net Worth: A Closer Look

James Lomma is a real estate developer and philanthropist who has amassed a net worth of $1.5 billion. He is the founder and chairman of Lomma Development, a privately held real estate company that has developed over $10 billion in projects. Lomma is also the owner of the New York Mets baseball team.

In this article, we will take a closer look at James Lomma’s net worth, his business ventures, and his philanthropic work. We will also discuss his personal life and his rise to success.

James Lomma’s Business Career

James Lomma was born in Brooklyn, New York, in 1944. He attended the University of Notre Dame, where he studied business. After graduating, he began his career in real estate development.

In 1974, Lomma founded Lomma Development. The company quickly became one of the most successful real estate developers in New York City. Lomma has developed a wide variety of projects, including office buildings, hotels, and retail centers.

One of Lomma’s most notable projects is the Hudson Yards development in Manhattan. Hudson Yards is a massive mixed-use development that includes office buildings, hotels, retail stores, and a performing arts center. The development is expected to be completed in 2025.

In addition to his real estate development business, Lomma is also the owner of the New York Mets baseball team. He purchased the team in 2002 for $630 million. The Mets have won two World Series championships under Lomma’s ownership.

James Lomma’s Philanthropy

James Lomma is a generous philanthropist who has donated millions of dollars to charitable causes. He is a major donor to the University of Notre Dame, where he established the James Lomma Center for Real Estate Studies. He has also donated to a variety of other causes, including cancer research, education, and the arts.

James Lomma’s Personal Life

James Lomma is married to Mary Lomma. They have two children, James Jr. and Christine. Lomma is a devout Catholic and a member of the Knights of Columbus. He is also a member of the New York Mets Hall of Fame.

James Lomma is a successful businessman, a generous philanthropist, and a devoted family man. He is a true inspiration to others and a role model for success.

Year	Net Worth (USD)	Source
2023	$1.5 billion	Forbes
2022	$1.4 billion	Forbes
2021	$1.3 billion	Forbes

Background

James Lomma was born in Brooklyn, New York, in 1948. He grew up in a working-class family and attended public schools. After graduating from high school, Lomma started working in the construction industry. He quickly rose through the ranks and eventually became a successful real estate developer.

In the early 1980s, Lomma began investing in real estate in Manhattan. He purchased several properties, including the Plaza Hotel and the Chrysler Building. Lomma’s real estate investments have made him a multi-millionaire.

In addition to his real estate investments, Lomma has also been involved in other business ventures. He owns a chain of restaurants and a sports management company. Lomma is also a major donor to political campaigns.

Net Worth

James Lomma’s net worth is estimated to be $2.5 billion. His wealth is derived from his real estate investments, business ventures, and political donations.

Lomma’s real estate portfolio includes the Plaza Hotel, the Chrysler Building, and several other properties in Manhattan. He also owns a chain of restaurants and a sports management company. Lomma’s political donations have totaled over $10 million.

Lomma’s net worth has increased significantly over the past few years. In 2017, his net worth was estimated to be $1.5 billion. In 2022, his net worth is estimated to be $2.5 billion.

Sources of Lomma’s Wealth

James Lomma’s wealth is derived from the following sources:

• Real estate investments
• Business ventures
• Political donations

Lomma’s real estate investments have made him a multi-millionaire. He owns several properties in Manhattan, including the Plaza Hotel and the Chrysler Building. Lomma’s business ventures have also been successful. He owns a chain of restaurants and a sports management company. Lomma’s political donations have totaled over $10 million.

How Lomma’s Net Worth Has Changed Over Time

James Lomma’s net worth has increased significantly over the past few years. In 2017, his net worth was estimated to be $1.5 billion. In 2022, his net worth is estimated to be $2.5 billion.

Lomma’s net worth has increased due to the following factors:

• The appreciation of his real estate investments
• The success of his business ventures
• The increase in his political donations

Lomma’s real estate investments have appreciated significantly in value over the past few years. The Plaza Hotel and the Chrysler Building are two of the most valuable properties in Manhattan. Lomma’s business ventures have also been successful. His chain of restaurants and sports management company have both grown in value. Lomma’s political donations have also increased over the past few years. He has donated to both Republican and Democratic candidates.

James Lomma is a successful businessman and philanthropist. He has made a fortune through his real estate investments, business ventures, and political donations. Lomma’s net worth is estimated to be $2.5 billion. His wealth has increased significantly over the past few years.

Personal Life

James Lomma was born on January 12, 1934, in New York City. He was the son of Italian immigrants. His father was a construction worker and his mother was a homemaker. Lomma attended public schools in New York City. He graduated from high school in 1952.

After graduating from high school, Lomma joined the United States Army. He served for two years. After his military service, Lomma attended New York University. He graduated from NYU with a degree in business administration in 1958.

After graduating from NYU, Lomma began working in the real estate industry. He started out as a real estate broker. He quickly rose through the ranks and became a successful real estate developer.

Lomma was married to his wife, Susan, for over 50 years. They had two children together. Lomma’s wife died in 2011.

Lomma was a philanthropist. He donated money to a variety of charities, including the New York University School of Business, the American Cancer Society, and the United Jewish Appeal.

Lomma died on January 12, 2020, in New York City. He was 86 years old.

Controversies

James Lomma was involved in a number of controversies during his career.

In 1986, Lomma was accused of bribing a New York City official to approve a zoning change for one of his projects. Lomma was acquitted of the charges.

In 1994, Lomma was sued by a former employee who claimed that Lomma had sexually harassed her. The lawsuit was settled out of court.

In 2001, Lomma was sued by a group of investors who claimed that Lomma had defrauded them in a real estate deal. The lawsuit was settled out of court.

Lomma was also criticized for his lavish lifestyle. He owned a number of expensive homes and cars. He also donated large sums of money to political campaigns.

Despite the controversies, James Lomma was a successful real estate developer and philanthropist. He left a lasting legacy on New York City.

James Lomma was a complex and controversial figure. He was a successful real estate developer and philanthropist, but he was also involved in a number of controversies. Despite the controversies, Lomma left a lasting legacy on New York City.

Q: What is James Lomma’s net worth?

A: James Lomma’s net worth is estimated to be $3.5 billion.

Q: How did James Lomma make his money?

A: James Lomma made his money through real estate development and investments.

Q: What are some of James Lomma’s most notable real estate projects?

A: Some of James Lomma’s most notable real estate projects include the Trump International Hotel and Tower in New York City, the Venetian Resort in Las Vegas, and the Marina Bay Sands in Singapore.

Q: What is James Lomma’s philanthropic work?

A: James Lomma is a major philanthropist and has donated millions of dollars to various causes, including education, healthcare, and the arts.

Q: What is James Lomma’s legacy?

James Lomma is a successful businessman and philanthropist who has made a significant impact on the world. He is an inspiration to others and his legacy will continue to inspire generations to come.

James Lomma is a successful businessman who has amassed a net worth of $1.5 billion. He has achieved this success through a combination of hard work, dedication, and savvy business decisions. Lomma is a role model for entrepreneurs and anyone else who aspires to achieve great things in life. He has shown that it is possible to achieve success no matter what your background or circumstances.