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Mitchell Morgan is a real estate billionaire with a net worth of $5.5 Billion. He is 70 year old. He was born in 1954 in Philadelphia into Jewish family. His father owned a shoe store in Norther Philadelphia. He worked full-time at the shoe store while attending business school at Temple University, where he earned his business degree in 1976. Then he worked as an accountant while putting himself through Law School. He graduated JD in 1980. But he never practised law. Instead he continued to work as accountant. In 1985, at the age of 31, he started his own real estate company called Morgan Properties. Fast forward, in 2013, at the age 59, he was so successful he donated the largest student residential building Morgan Hall. Morgan Hall houses 1,275 student and altered the campus life of Temple University. In 2024, Morgan Properties is the third largest apartment company in the US, with 95,000 units in 190 cities in the US. He specializes in buying old and aging properties, renovated them, and then rent out for higher rent. He usually invested in small and neglected cities. The last few years, his two sons and one daughter have taken over the day to day business of the company, while he remains CEO. The secret of his success, he says he likes the borning way and his business very boring. If you look for excitement, then start a hobby.