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Maryland – Ted Lerner – $5 Billion
In 1952 26-year-old Ted Lerner borrowed $250 from his wife to start a real estate company, selling homes for developers. After selling some 22,000, he decided to become a builder himself. Now he owns 20 million square feet of commercial and retail space, plus hotels, and 7,000 apartments. The Lerners are on the short list of developers vying to build a new headquarters for the FBI.
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