Net worth of Barry Sternlicht: How much does the real estate mogul who says Mamdani’s rent freeze could turn New York into ‘Mumbai’ make?

Newly elected New York figure Zoharan Mamdani’s rent freeze promise alarms real estate magnate Barry Sternlicht. Sternlicht, whose Starwood Capital manages $115 billion, warned of economic decline and compared Mamdani’s policies to socialism, stating they would discourage development and worsen housing shortages.