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De Niro partners make billions with boutique New York hotels

Former engineer and former doctor turn real estate tycoons with major stakes in more than two dozen hotel properties

Published Sun, Apr 12, 2015 · 09:50 PM

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    Los Angeles

    IRA Drukier and Richard Born were bored back then. Facing an early midlife crisis three decades ago, they decided to ditch their careers in engineering and medicine, and follow their fathers into the real estate business.

    The move paid off. The Queens-raised partners have become billionaires by transforming their families' modest real estate assets into a lodging empire that includes some of New York's most stylish accommodations. With 24 properties including the Bowery and the Ludlow, they're the biggest owners of boutique hotels in the city. They also control 12 residential and commercial buildings.

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