Here s how much money Howard Lorber made in 2017 Brokerage chief’s pay dropped $425K from 2016
125 Greenwich Street, Madison Square Park Tower, 1 Seaport and Howard Lorber (Credit: Douglas Elliman and Getty Images)
Douglas Elliman chief Howard Lorber earned $10.6 million last year — a modest drop following a year in which the residential brokerage struggled with profitability.
Lorber s haul included a base salary of $3.198 million, plus a $3.157 million bonus. His total compensation dropped $425,000 from 2016, when he pocketed $11.059 million, according to a proxy statement filed Monday by Elliman s parent company, Vector Group.
The Elliman chairman is among real estate s highest-paid executives. General Growth Property s Sandeep Mathrani took home $12.2 million in 2016 and Vornado Realty Trust s Steven Roth pocketed $11.151 million that year, according to the most recent filings for those companies.
Lorber s payday for both 2016 and 2017 fell well short of the $42.54 million he banked in 2015 — though the majority of that compensation was in the form of stock awards that vest gradually over time.