BillionaireNet
Palmer
Geoffrey Palmer
Rank #1978
UNITED STATESreal-estateReal estate

Geoffrey Palmer

Net Worth
$1.952B
0% (24h)
Geoffrey Palmer is an American billionaire real estate developer, known for founding GH Palmer Associates in 1978. With an estimated net worth of $2.0 billion, Palmer has built a substantial portfolio of luxury apartments, primarily in Southern California. His career includes developing over 15,000 luxury units, making him a prominent figure in the real estate industry. Palmer, a major political donor, is also involved in philanthropic endeavors, including supporting the Los Angeles County Museum of Art (LACMA).

The Full Dossier

Early Life and Education

Geoffrey Harrison Palmer was born on May 11, 1950, in Los Angeles County, California. He is the son of architect and developer Daniel Saxon Palmer. Palmer attended Santa Monica College before transferring to the University of Colorado at Boulder, where he earned a degree in finance. He then earned a Juris Doctor from Pepperdine School of Law.

Rise to Success

After clerking for a California superior court judge, Palmer founded GH Palmer Associates in 1978, choosing real estate development over law as a profession. His career highlights include developing over 15,000 luxury units, primarily in the Los Angeles metropolitan area. He pioneered a vision for Los Angeles with the Medici development, which inspired many other projects. GH Palmer Associates specializes in multifamily housing development.

Key Business Strategies

Palmer's key business strategies include developing luxury apartment complexes in historically low-income neighborhoods. He focused on building market-rate housing in downtown Los Angeles and its suburbs. Palmer has also been involved in lawsuits related to housing regulations, and he has been a major financial backer of former president Donald Trump.

Philanthropy

Geoffrey Palmer is a trustee of the Los Angeles County Museum of Art (LACMA). He has also donated to the Pepperdine School of Law and endowed The Geoffrey H. Palmer Center for Entrepreneurship and the Law.

Career Timeline

2001

Completed the Medici

Completed the Medici, the first of his Italian-inspired apartment blocks in downtown Los Angeles.

1985

Completed first major development

Opened his first major development in Santa Clarita, California.

1978

Founded GH Palmer Associates

Started his real estate development firm.

Philanthropic Impact

Arts and CultureUndisclosed

Los Angeles County Museum of Art (LACMA)

Serves as a trustee.

EducationUndisclosed

Pepperdine School of Law

Contributor and has endowed The Geoffrey H. Palmer Center for Entrepreneurship and the Law.

Wealth Trajectory