Bloomberg Billionaires Index

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# 385 Edward Roski $5.72B

Random fact: Owns a stake in the Los Angeles Lakers.


Roski is president and chairman of Majestic Realty, a closely held business park developer that owns more than 80 million square feet of rentable space. The Los Angeles-based company's biggest project is the Majestic Spectrum in Chino, California, which covers more than 350 acres and has Best Buy and JC Penney as tenants.

As of :
Last change No change
YTD change -$224M ( -3.8%)
Industry Real Estate
Biggest asset Majestic Realty
Citizenship United States
Age 81
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Edward Roski's net worth of $5.72B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Most of Roski's fortune is from Los Angeles-based Majestic Realty, the largest closely held industrial property developer and business park owner in the U.S. with more than 80 million square feet of rentable industrial and office space, according to its website. The billionaire owns all of Majestic, which manages properties mainly in California, Georgia and Nevada.

Its value has been indexed to the performance of RCA's index of West Coast industrial property prices since Oct. 31, 2016. The base valuation was calculated using occupancy rates, rent per square foot and sale price per square foot for the specific regions and sectors where Majestic operates, according to market data compiled by Los Angeles-based commercial real estate broker Cassidy Turley and researcher Real Capital Analytics.

The value of the properties built within the past decade were discounted by 75% to reflect the maximum possible level of debt that developers typically hold against such properties. No debt has been applied to older properties, based on discussions with two local real estate brokers who asked not to be identified because the information is private.

Roski owns 3% of the Los Angeles Lakers professional basketball team, according to John Black, a spokesman for the NBA franchise. He also owns less than 10% of the Los Angeles Kings hockey team, according to a person familiar with the holding who asked not to be identified because the information is private. The value of his stake in the NHL franchise isn't valued separately because the exact size of his holding isn't disclosed.

No response was received to emails left with Dee Anna Hunt, Roski's assistant at Majestic Realty.


Birthdate: 12/25/1938
Family: Married, 3 children
Education: University of Southern California

Born in rural Oklahoma on Dec. 25, 1938, Edward Roski entered his family's real estate business in the 1970s. His father founded Majestic Realty in 1948, operating it mostly as a brokerage company, according to its website. Roski graduated from the University of Southern California in Finance and Real Estate in 1962, and served as an officer in the U.S. Marine Corps until 1966. He fought in the Vietnam War and was decorated for bravery with two Purple Hearts.

On his return, he joined Majestic Realty and helped turn it into the largest closely held industrial property developer in the U.S. The company purchased and developed large parcels of land in California, and has more than 75 million square feet of property, according to its website. Roski became co-owner of National Hockey League franchise Los Angeles Kings in 1995 and owns 3 percent of the National Basketball Association's Los Angeles Lakers. He helped finance construction of the Staples Center, where both teams play.

The billionaire lives in Los Angeles with his wife Gayle Garner Roski. They have three children.

  • 1938 Edward Roski Jr. is born in Oklahoma.
  • 1948 Father Edward Roski Sr. founds Majestic Realty.
  • 1962 Graduates from USC with a degree in Finance and Real Estate.
  • 1962 Starts service as officer in U.S. Marine Corps.
  • 1998 Construction of the Staples Center begins.
  • 2006 Named business person of the year by Los Angeles Business Journal.
  • 2006 Receives Woodrow Wilson Award for Public Service.
  • 2008 Appointed chairman of the board of trustees at USC.