Thomas Kramer Net Worth
Thomas Kramer, who is known as a television personality, is also a successful venture capitalist. He is credited with bringing back South Beach, Miami, from a downturn and revitalizing the neighborhood with new luxury high-rises.
A German-born real estate developer, Kramer was born on April 27, 1957. His father was a stockbroker. As a teenager, he traded stocks with his father’s firm. In 1986, he founded his own company, TK Kapitalverwaltung GmbH. This company was a success, allowing Kramer to make a large profit.
After graduating from Salem Boarding School in Hesse, Germany, he returned to his father’s business. Later, he moved to London and took an apprenticeship at the brokerage firm Shearson Lehman Brothers.
Despite his father’s warnings, Kramer began investing in East German real estate. During this period, the region was a hotbed for crime. The area was not safe for rich people, but he turned things around. Using his skills, he was able to purchase large portions of the South Pointe project. Eventually, he was able to get the zoning cleared to allow for some of the tallest buildings in the south.
Kramer has a net worth of $90 million dollars. Some of his investments include the Portofino Tower, the Murano Grande and the Apogee. However, his real estate deals in Miami were not without controversy. While his real estate purchases were financed by his daughter’s company, he also lost millions of dollars when his possessions were seized by creditors.
Kramer is well-known in Europe and the United States. In addition to developing properties, he is also a philanthropist. When he was a young boy, he loved America and considered it to be a land of democracy and freedom. But as he grew older, he started to lose interest in politics.
Kramer also had a difficult time raising funds for his own Island City project. Then, he was accused of inappropriately touching a thirteen-year-old boy. Several rape accusations also plagued him. Ultimately, he lost a considerable amount of his fortune, and his reputation as a shrewd businessman eroded.
Kramer has appeared on several television shows and has been nominated for several awards. In 2013, he signed a deal with Pakistani real estate tycoon Malik Riaz. They agreed to a $20 billion deal. Unfortunately, they did not provide the necessary funding.
While Kramer’s investments in real estate have made his net worth a lot larger, he has a reputation for being a party animal. For instance, he has hosted charity events in his Miami Beach mansion. Sadly, his party lifestyle has also led to numerous rape accusations.
Currently, Thomas Kramer is living in Star Island, Miami Beach. He has been featured in television shows like The Real Housewives of Atlanta. Also, he has appeared on American Country Countdown Awards. Throughout his career, he has been involved in many projects across the globe. One of his latest projects, the Apogee, is a mixed-use development on Miami’s shore.
Thomas Kramer is not only an entrepreneur, but he is a visionary. He has helped turn a troubled area into one of the most prestigious residential neighborhoods in the world.
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