Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 421 Jeff Sutton $5.11B

Random fact: Payless Shoes was first major client in New York.


Sutton is the founder and president of closely held Wharton Properties, a real estate company that owns more than 100 buildings in New York. He has interests in retail properties that line Fifth Avenue, Broadway and Madison Avenue, with tenants that include Giorgio Armani, Prada, Nike, Swarovski and Bulgari.

As of :
Last change No change
YTD change No change
Industry Real Estate
Biggest asset Wharton Properties
Citizenship United States
Age 60
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Jeff Sutton's net worth of $5.11B 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:

Sutton owns all of Wharton Properties, according to a 2016 bond prospectus. The closely held real estate company owns more than 100 properties in New York, according to its website. The equity value of Manhattan properties was valued using data compiled by researcher RCA.

Wharton Properties is credited with a 77% stake in those properties based on ownership stakes for the company's most valuable buildings, according to industry brokers who asked not to be identified as the information is private. Sutton owns all the company.

The company has about $1 billion in cash, according to a Bloomberg analysis of company records, which is included in the valuation.


Birthdate: 1/1/1960
Family: Married, 5 children
Education: Wharton School of the University of Pennsylvania

The son of a retail importer, Sutton was born in the Gravesend neighborhood of Brooklyn. After graduating Summa Cum Laude from the University of Pennsylvania's Wharton School in 1981, Sutton returned to New York and broke into the real estate market by securing retail locations for Payless Shoes in the city's outer boroughs. He became known for finding tenants first and identifying their preferred location before buying out the relevant lease or property from the existing tenants or landlords, according to an August 2011 New York Observer profile.

Sutton shifted his focus to Manhattan and used the same method to find locations for CVS stores in the 1990s. Before long, he teamed up with SL Green Realty Corp., allowing him to crack bigger deals. He secured American Girl Place retail space on Fifth Avenue in 2002. Sutton signed leases for flagship stores with Abercrombie & Fitch, Giorgio Armani and American Eagle Outfitters between 2004 and 2007. He leased space along Fifth Avenue, Madison Avenue and Broadway to Dolce & Gabbana, Alexander McQueen, Givenchy, Prada and Bulgari between 2011 and 2013.

Sutton now owns more than 100 buildings in the greater Manhattan area, and is credited with bringing Whole Foods to Harlem. He still resides in Gravesend with his wife.

  • 1960 Sutton is born in the Gravesend neighborhood of Brooklyn.
  • 1981 Graduates Summa Cum Laude from Wharton School.
  • 2002 Signs Fifth Avenue lease with American Girl Place.
  • 2007 Buys out Hugo Boss and signs lease for Armani flagship store.
  • 2007 Secures Broadway location for American Eagle Outfitters.
  • 2011 Brings Dolce & Gabbana to Fifth Avenue for $250 million.
  • 2012 Cuts deal to bring Whole Foods to Harlem.
  • 2013 Negotiates Fifth Avenue space for Prada flagship.