Richard Baker

speaker
1,143 appearances 2 recordings 2 series first heard May 2026 last heard 7 Jul

Richard Baker’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.

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We made a lot of money on all the ventures that we did.
I'll give you a little example.
In the end, we sold the building on Fifth Avenue.
Oh.
to WeWork for $850 million.
But before they finished the full transaction, they had problems and I flipped the building to Amazon for $1.2 billion.
So we did, you know, uh, we did very well in that one building and we had 48 other buildings, some of which we sold for a hundred million dollars and $50 million.
And we made money in all those years during the process.
So we did very nicely.
I would say so.
That happened in two thousand and like sixteen.
I sold the building for 850 to Adam Newman at WeWork.
At the closing, Adam showed up $150 million short.
So he says to me, I need you to give me a preferred equity investment of 150.
So I go to my father and my partners and I say,
What should we do?
He doesn't have the money.
And they're like, who cares?
The building isn't even worth close to 850 million.
So you'll take a piece of paper.
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