Explore about the Famous Thomas Kramer, who was born in Germany on April 27, 1957. Analyze Thomas Kramer’s net worth, age, bio, birthday, dating, height-weight, wiki. Investigate who is Thomas Kramer dating now? Look into this article to know how old is Thomas Kramer?
Thomas Kramer Birthday Countdown
Thomas Kramer Biography
Thomas Kramer (born April 27, 1957) is a German-born real estate developer and venture capitalist, noteworthy for his part in the redevelopment of South Beach, Miami, Florida. Thomas Kramer’s development projects include the Apogee, the Portofino Tower, the Murano Grande, and the Yacht Club.
Kramer is the son a Frankfurt stockbroker Willi Kramer. He attended the Salem Boarding School. Then he took a brokerage apprenticeship in London and became a licensed broker. He joined his father’s firm, before moving on to Shearson Lehman Brothers. He founded his own company in 1986, TK Kapitalverwaltung GmbH.
In the early 1990s, Kramer purchased for $45 million large portions of South Pointe, the southern tip of South Beach, a high-crime and poverty-stricken area. The deal allowed him to consolidate his holdings in a land swap. It also cleared zoning to allow the erection of the tallest buildings south of Manhattan. The whole area was turned into a premier residential area.
In 1992, Thomas Kramer purchased the Woman in an Armchair, painted in 1932 by Pablo Picasso, for $2.86 million, well below the expected price of $3.5 million to $4.5 million.
In 2000, Verena von Mitschke-Collande and Claudia Miller-Otto, daughters of Siegfried Otto whose step-daughter was briefly married to Thomas Kramer, won a $90 million settlement against Kramer in a Swiss court. The plaintiffs had financed Thomas Kramer’s real estate purchases in Miami, but when they intended to collect their money in 1995, Thomas Kramer tried to overturn the request, and lost. When The Otto daughters launched the collect request in Florida, which included his 1.84 acres of Miami properties, Thomas Kramer transferred the majority of his assets to the Isle of Man.
In 2013, Kramer signed an agreement with the Pakistan real estate tycoon Malik Riaz to build the first ever Island City in Karachi, Pakistan, the Bundal & Buddo Islands, a deal worth US$20 billion. The deal fell through since Kramer failed to provide the necessary funds.
In a hearing report made public in 2014, Thomas Kramer explained that he had lost all financial liability since that event. In August 2017, his house on Star Island was auctioned and sold for $40 million.
What's Thomas Kramer Net Worth 2024
| Net Worth (2024) | $1 Million (Approx.) |
| Net Worth (2023) | Under Review |
| Net Worth (2022) | Under Review |
| Net Worth (2021) | Under Review |
| Net Worth (2020) | Under Review |
Thomas Kramer Family
| Father's Name | Not Available |
| Mother's Name | Not Available |
| Siblings | Not Available |
| Spouse | Not Available |
| Childrens | Not Available |
