How Howard Hanna’s Real Estate Class Ended With $2.2M In Capital Gain
Howard Hahn, the co-founder of the popular real estate website Zillow, had $2 million in his account in the final quarter of 2016, according to an audit filed Friday by PricewaterhouseCoopers LLP.
That’s the biggest return of any real estate class ever in the United States.
But Hahn and his wife, Nicole Hahn-Hanna, also received an estimated $1 million in dividends from the firm, which has offices in New York and Washington, D.C. The couple also paid a $250,000 annual “capital gain” to Pricewaterhouses Capital Management, according the audit.
The Hahn family’s wealth has skyrocketed over the past few years as they have expanded their business into other areas.
But the Hahn clan, which had net worths of more than $400 million, did not report any earnings from its real estate business, according PwC.
“Howard Hahn is an extremely successful real estate investor,” said Peter Mershon, chief investment officer at CIM Group.
“His real estate investments are not only making money for his family, but also for other real estate investors as well.”
Howard Hannon is a former CEO of the New York City real estate firm Zillows, where he ran the company’s residential real estate division.
The company, which also has offices around the country, is the largest real estate investment firm in the country.
In March 2016, Howard Hannas wife, actress Nicole Hannah-Hannas, and Zillowed co-founders Howard H. and Nicole Hannon filed a joint bankruptcy petition.
The bankruptcy was the first time ZillOW had filed a Chapter 11 petition, and the Hannahs were seeking to reorganize and expand their real estate operations.
The filing did not disclose the terms of the bankruptcy, but it is widely believed that the HANNAS were seeking a smaller stake in Zillowers real estate.
In January, the firm was valued at $6.8 billion.
At the time, the HANNS were worth a combined $3.6 billion, according Forbes.
“The HANNAMS have enjoyed great success over the last several years in expanding their business, including acquiring several more real estate assets in New Jersey, New York, Texas, and California,” Zillower founder and CEO Richard Bittner said in a statement.
“Zillow remains committed to building and expanding its portfolio of residential real property across the United U.S. and around the world, with the goal of making Zillowing a great home for all of its members, customers, and employees.”
The HANNAs are the second-wealthiest family in the world.
Their wealth was estimated at $1.9 billion in 2016, the largest in the U.K. Howard HANNas wife Nicole, and co-chairman of the Hannon Family Foundation, are the first couple to have been included in the Forbes list of the world’s richest people.
Howard and Nicole were named co-chairs of the Howard and Nancy Hannon Foundation in 2017.
The foundation provides financial support for charity, including the Howard Hannians’ foundation, which funds cancer research and research to cure the disease.
Zillowitz, the second most successful real-estate company in history, has been profitable for the past several years.
It has $9.3 billion in revenue and gross profit for the first three months of 2019.
The firm’s revenue increased by more than 7% for the same period last year, and its gross profit increased by nearly 20%.
Zillowns stock price jumped by more of more 20% last year.
The Zillowl family of companies owns more than 90% of Zilloughts real estate portfolio.
The majority of the family’s businesses are focused on the U