The Wealth Clock Podcast — Real Estate, Passive Income, and Wealth Strategies with Steven Weinstock

Steven Weinstock
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The Wealth Clock Podcast with Steven Weinstock brings you real conversations with top real estate operators, fund managers, and business founders who share exactly how they build wealth, raise capital, and create passive income.For nearly 25 years, Steven has been investing in real estate — from single-family homes to large multifamily properties — and now manages multiple investment funds including WE Capital, the Goethals Capital Fund, and the WE Capital Mortgage Fund. Each episode reveals practical strategies for buying properties, structuring funds, and protecting wealth through smart investing.Listeners will discover insights on real estate syndications, private lending, deal structure, and long-term wealth building — all from people who are actively doing it in the real world.If you’re ready to grow your portfolio, generate passive income, and learn from proven operators, subscribe to The Wealth Clock Podcast today.For investor resources and upcoming opportunities, visit WeCapitalX.com

  1. 22h ago ·  Bonus

    The Richest Landlord in New York City Doesn't Even Have a Website: The Sol Goldman Story

    Somewhere in Manhattan right now, you're standing near a building this family owns — including a piece of land under the World Trade Center itself. Combined, they're worth more than $12,000,000,000, making them the richest real estate family in America. And yet their company doesn't even have a website. Sol Goldman started as a grocer's son in Brooklyn. At just 16 years old, in the middle of the Great Depression, he borrowed money from his own neighbors to buy his first foreclosed property. Decades later, he owned nearly 1,900 properties across New York City, including the Chrysler Building — which he later lost to foreclosure — and a 17% stake in the land beneath the World Trade Center. When Goldman died in 1987, he left behind the largest private real estate portfolio in New York City history — and no clear succession plan, triggering a five-year legal battle between his estranged wife and four children. Today his heirs are worth a combined $12 billion, and the family still runs one of the most private real estate empires in the country. In this episode of The Wealth Clock, we break down how Sol Goldman built America's richest — and quietest — real estate dynasty, and what his story teaches us about building wealth that outlasts you. 🎙️ This is The Wealth Clock Podcast. If you enjoyed this episode, comment "awesome" so we know you made it to the end, and let us know who you want us to dig into next. Send The Host, Steven Weinstock, a comment 🎙 About Steven Weinstock Steven Weinstock is a real estate investor and founder of WeCapital and the Goethals Capital Fund. Since 2001, he has built a diverse portfolio of residential and multifamily assets while helping investors access passive income through strategic real estate opportunities. On this podcast, he shares real-world insights on investing, capital raising, and what it really takes to build and scale in today’s market. 📩 Want to invest or get in touch? Visit: www.WeCapitalX.com 📱 Connect with Steven: LinkedIn: www.linkedin.com/in/stevenweinstock1 Instagram: https://www.instagram.com/wecapitalx/ YouTube: https://www.youtube.com/@TheWealthClockPodcast

    The Richest Landlord in New York City Doesn't Even Have a Website: The Sol Goldman Story

  2. 2d ago

    They Bet 2 Malls to Build a $5,000,000,000 One: The Ghermezian Family Story

    To finish one mall, a family once put up nearly half their ownership stake in two other malls as collateral. Not small malls either, the largest shopping center in Canada, and the largest shopping center in the United States, both pledged to Goldman Sachs and JPMorgan Chase just to complete a single project in the New Jersey swamps outside Manhattan. In this Deep Dive episode of The Wealth Clock Podcast, I trace how the Ghermezians, a Persian Jewish family who fled Iran and built a rug trading business into three of the largest shopping centers in North America, bet everything on a $5,000,000,000 gamble called American Dream, and are still, today, living through the consequences. We cover: - How Jacob Ghermezian and his four sons built West Edmonton Mall and Mall of America from a rug and antiques business - The 1972 founding of Triple Five, and the 551 silent partners who helped move capital out of Iran - Pledging 49% of two of the largest malls in North America to finish American Dream - Opening 5 months before COVID shut the world down, and the financial fallout that followed - The $800,000,000 property value drop in a single quarter as recently as May 2025 - How American Dream was ranked the #2 best retail center experience in the country in 2025, even amid the ongoing financial distress - The family's Orthodox Jewish observance built directly into the mall itself, including a modesty wall at the water park If you enjoyed this one, comment the word AWESOME so I know you made it to the end, and let me know who you want me to dig into next. Send The Host, Steven Weinstock, a comment 🎙 About Steven Weinstock Steven Weinstock is a real estate investor and founder of WeCapital and the Goethals Capital Fund. Since 2001, he has built a diverse portfolio of residential and multifamily assets while helping investors access passive income through strategic real estate opportunities. On this podcast, he shares real-world insights on investing, capital raising, and what it really takes to build and scale in today’s market. 📩 Want to invest or get in touch? Visit: www.WeCapitalX.com 📱 Connect with Steven: LinkedIn: www.linkedin.com/in/stevenweinstock1 Instagram: https://www.instagram.com/wecapitalx/ YouTube: https://www.youtube.com/@TheWealthClockPodcast

    They Bet 2 Malls to Build a $5,000,000,000 One: The Ghermezian Family Story

  3. 4d ago

    He Walked Away From Blackstone, Then Built a $100,000,000,000 Real Estate Empire: The Barry Sternlicht Story

    In 1992, Blackstone recruited a young real estate executive to build and run their entire real estate business. They agreed on terms. Then, at the last minute, he walked away. That man built a rival empire instead, one that today manages well over $100,000,000,000 in real estate assets. In this Deep Dive episode of The Wealth Clock Podcast, I trace how Barry Sternlicht, the son of a Jewish Holocaust survivor, turned a career setback at 29 into Starwood Capital Group, personally invented W Hotels, the first true lifestyle hotel brand, and built and sold an entire hotel empire, all before building something even larger in its place. We cover: - How a $424,000,000 investment collapse and a layoff at 29 led him to launch Starwood Capital with just $17,000,000 - Walking away from a signed deal with Blackstone at the last possible moment - Acquiring Westin, then Sheraton, then inventing W Hotels from scratch - Why he no longer owns any of those hotel brands today, and what happened when Starwood Hotels sold to Marriott for $13,500,000,000 in 2016 - Starwood Capital's current footprint: over 300,000 residential units, 4,000 hotels, and more than 100,000,000 square feet of office space - His public warning that office real estate could lose $1,000,000,000,000 in value - The ongoing Cano Health lawsuits and what they reveal about risk late in a long career If you enjoyed this one, comment the word AWESOME so I know you made it to the end, and let me know who you want me to dig into next. Send The Host, Steven Weinstock, a comment 🎙 About Steven Weinstock Steven Weinstock is a real estate investor and founder of WeCapital and the Goethals Capital Fund. Since 2001, he has built a diverse portfolio of residential and multifamily assets while helping investors access passive income through strategic real estate opportunities. On this podcast, he shares real-world insights on investing, capital raising, and what it really takes to build and scale in today’s market. 📩 Want to invest or get in touch? Visit: www.WeCapitalX.com 📱 Connect with Steven: LinkedIn: www.linkedin.com/in/stevenweinstock1 Instagram: https://www.instagram.com/wecapitalx/ YouTube: https://www.youtube.com/@TheWealthClockPodcast

    He Walked Away From Blackstone, Then Built a $100,000,000,000 Real Estate Empire: The Barry Sternlicht Story

  4. Aug 13

    The $20 Billion Storage Empire Built on Orange Doors: B. Wayne Hughes

    You've driven past one this week without a second thought, a long row of orange or blue roll up doors sitting off the highway. The company that basically invented that industry, Public Storage, is worth nearly $20,000,000,000 on the public markets today. The man who built it grew up poor in the middle of the Dust Bowl, in Oklahoma, started with roughly $50,000, and almost nobody outside real estate has ever heard his name. In this Deep Dive episode of The Wealth Clock Podcast, I trace how B. Wayne Hughes drove past a fully rented self storage warehouse in Texas in the early 1970s and turned that single image into one of the most overlooked real estate fortunes in American history, then did it again in his seventies with a second billion dollar company built around single family rental homes. We cover: - How Hughes and co-founder Kenneth Volk Jr. opened the first Public Storage location in 1972 with roughly $50,000 - Why self storage may be one of the highest margin real estate categories that exists - How real estate limited partnerships funded a 1,000 location empire without one massive debt bet - The 1995 REIT conversion that turned Public Storage into a public markets giant - Founding American Homes 4 Rent in his seventies, a second billion dollar real estate empire - The anonymous $400,000,000 donation to USC nobody knew about until years later - The Parker Hughes Cancer Center, named after the son he lost to cancer at age 8 - Restoring the legendary Spendthrift Farm, home to Triple Crown winners Seattle Slew and Affirmed, and Beholder, a four-time Eclipse Award champion - What the least glamorous real estate categories can teach every investor about where the real returns hide If you enjoyed this one, comment the word AWESOME so I know you made it to the end, and let me know who you want me to dig into next. Send The Host, Steven Weinstock, a comment 🎙 About Steven Weinstock Steven Weinstock is a real estate investor and founder of WeCapital and the Goethals Capital Fund. Since 2001, he has built a diverse portfolio of residential and multifamily assets while helping investors access passive income through strategic real estate opportunities. On this podcast, he shares real-world insights on investing, capital raising, and what it really takes to build and scale in today’s market. 📩 Want to invest or get in touch? Visit: www.WeCapitalX.com 📱 Connect with Steven: LinkedIn: www.linkedin.com/in/stevenweinstock1 Instagram: https://www.instagram.com/wecapitalx/ YouTube: https://www.youtube.com/@TheWealthClockPodcast

    The $20 Billion Storage Empire Built on Orange Doors: B. Wayne Hughes

  5. Aug 11 ·  Bonus

    The Beanie Babies Billionaire's $275,000,000 Secret: The Ty Warner Story

    In 1999, the man who built his fortune on 5 dollar stuffed animals paid $275,000,000 in cash for one of the most prestigious hotels in New York City. Most people who grew up collecting Beanie Babies have no idea their creator, Ty Warner, quietly built one of the most exclusive private real estate portfolios in the world, and is worth an estimated $6,400,000,000 today. In this Deep Dive episode of The Wealth Clock Podcast, I trace how a former door to door encyclopedia salesman invented the Beanie Baby craze through pure marketing psychology, read the warning signs before the toy market collapsed, and quietly converted a fad fortune into a permanent one, buying the Four Seasons Hotel New York, the Four Seasons Biltmore in Santa Barbara, Kona Village in Hawaii, Las Ventanas al Paraiso in Mexico, and the historic San Ysidro Ranch in Montecito. We cover: - How scarcity, small batch shipping, and retiring designs turned $5 toys into a full blown speculative market - The 1997 McDonald's Happy Meal partnership that sent the craze into overdrive - The $275,000,000 Four Seasons Hotel New York purchase and its $80,000 a night penthouse - The 2013 Swiss bank account scandal that nearly sent him to prison - Why his real estate empire is worth more today than the entire Beanie Baby secondary market ever was - What knowing when a boom is temporary can teach every investor Send The Host, Steven Weinstock, a comment 🎙 About Steven Weinstock Steven Weinstock is a real estate investor and founder of WeCapital and the Goethals Capital Fund. Since 2001, he has built a diverse portfolio of residential and multifamily assets while helping investors access passive income through strategic real estate opportunities. On this podcast, he shares real-world insights on investing, capital raising, and what it really takes to build and scale in today’s market. 📩 Want to invest or get in touch? Visit: www.WeCapitalX.com 📱 Connect with Steven: LinkedIn: www.linkedin.com/in/stevenweinstock1 Instagram: https://www.instagram.com/wecapitalx/ YouTube: https://www.youtube.com/@TheWealthClockPodcast

    The Beanie Babies Billionaire's $275,000,000 Secret: The Ty Warner Story

  6. Aug 10 ·  Bonus

    Kidnapped, Then He Bought Sears for the Land: The Eddie Lampert Story

    In January of 2003, a hedge fund manager named Eddie Lampert was kidnapped from a parking garage in Greenwich, Connecticut, and held for 28 hours by four men who didn't even have a real plan to collect the ransom. He survived. Then he went on to buy one of the most iconic retailers in American history, not because he believed in the stores, but because he believed in the real estate underneath them. In this Deep Dive episode of The Wealth Clock Podcast, I trace how Eddie Lampert built ESL Investments, engineered the Kmart and Sears merger, and spent over a decade extracting the real estate value out of a shrinking retailer before the whole thing collapsed into bankruptcy, and the $175,000,000 lawsuit that followed. We cover: - His Jewish family background, and the grandmother who got him picking stocks before he ever set foot on Wall Street - The 28 hours he spent kidnapped, and the pizza order that got his captors caught - How buying distressed Kmart debt handed him control of the company for pennies on the dollar - The real estate thesis behind the $11,000,000,000 Sears and Kmart merger - The Seritage Growth Properties spinoff, and how it let him extract value from the real estate while the stores kept closing - Sears Holdings' collapse from nearly 3,900 stores to under 800, and Lampert's 2019 bankruptcy buyout - The lawsuit that followed, and how it was finally resolved after years of litigation - What wearing multiple hats in a single deal, as landlord, controlling shareholder, and operator, teaches every investor about governance If you enjoyed this one, comment the word AWESOME so I know you made it to the end, and let me know who you want me to dig into next. Send The Host, Steven Weinstock, a comment 🎙 About Steven Weinstock Steven Weinstock is a real estate investor and founder of WeCapital and the Goethals Capital Fund. Since 2001, he has built a diverse portfolio of residential and multifamily assets while helping investors access passive income through strategic real estate opportunities. On this podcast, he shares real-world insights on investing, capital raising, and what it really takes to build and scale in today’s market. 📩 Want to invest or get in touch? Visit: www.WeCapitalX.com 📱 Connect with Steven: LinkedIn: www.linkedin.com/in/stevenweinstock1 Instagram: https://www.instagram.com/wecapitalx/ YouTube: https://www.youtube.com/@TheWealthClockPodcast

    Kidnapped, Then He Bought Sears for the Land: The Eddie Lampert Story

  7. Aug 5 ·  Bonus

    The Man Who Built the United Nations and Lost It All: The William Zeckendorf Story

    In 1946, a real estate broker with no institutional backing and no family fortune quietly assembled six blocks of Manhattan waterfront on a hunch. When the United Nations came looking for a home, he had exactly what they needed. He sold the land to John D. Rockefeller Jr. for $8,500,000, and the deal made him famous. Nineteen years later, his company filed for bankruptcy, and the man who reshaped the skylines of New York, Denver, Montreal, and Los Angeles was completely broke. This is the story of William Zeckendorf, the man who didn't just play the real estate game, he rewrote the rules of it. He pioneered the technique of pooling capital from private investors to do deals too big for any one person alone, the same structure behind every real estate syndication happening today, including the ones I raise capital for. But the same audacity that built his empire is exactly what tore it down. In this episode, I cover: - How his grandfather, a German Jewish immigrant merchant in Tucson, Arizona, planted the seed for a family legacy of dealmaking - The unwanted slaughterhouse district he assembled into the site for the United Nations headquarters - How he invented the financial structure behind modern real estate syndication - The skyline he built across 4 cities, including Roosevelt Field, Century City, Mile High Center, and Place Ville Marie - Why heavy, short term debt eventually brought down an empire built on saying yes to everything - What his own words, "I've been broke, but I've never been poor," can teach every investor raising capital today If you enjoyed this one, comment the word AWESOME so I know you made it to the end, and let me know who you want me to dig into next. Send The Host, Steven Weinstock, a comment 🎙 About Steven Weinstock Steven Weinstock is a real estate investor and founder of WeCapital and the Goethals Capital Fund. Since 2001, he has built a diverse portfolio of residential and multifamily assets while helping investors access passive income through strategic real estate opportunities. On this podcast, he shares real-world insights on investing, capital raising, and what it really takes to build and scale in today’s market. 📩 Want to invest or get in touch? Visit: www.WeCapitalX.com 📱 Connect with Steven: LinkedIn: www.linkedin.com/in/stevenweinstock1 Instagram: https://www.instagram.com/wecapitalx/ YouTube: https://www.youtube.com/@TheWealthClockPodcast

    The Man Who Built the United Nations and Lost It All: The William Zeckendorf Story

  8. Aug 2

    From Pharmacist to 7 Figure Landlord: How Ryan Chaw Turned a $30,000 Mistake Into a Rent by the Room Empire | EP46

    Ryan Chaw spent years as an infectious disease and pediatric pharmacist, the kind of career most people spend a lifetime building. In 2016 he bought his first rental in Stockton, California for $262,000, and instead of renting it the traditional way, he split it into bedrooms and rented to college students. That single shift nearly doubled his rental income. It was not smooth. His very first deal cost him over $30,000 in emergency repairs, starting with a burst sewage line that flooded the kitchen at midnight. He kept buying one property a year anyway, scaled to a multiple 6 figure portfolio, and retired from pharmacy at 31. He now runs Newbie Real Estate Investing, coaching others through the same rent by the room strategy. In this episode, Steven and Ryan cover: - How Ryan's grandfather's 1950s Bay Area property purchases inspired his path into real estate - The $30,000 first year mistake, and the extra inspections he now always orders - How to divide a house into bedrooms to maximize rental income (some rooms as small as 70 square feet still renting for $550/month) - Using guarantors and parent cosigners to protect against tenant risk - Building a virtual assistant team and using Claude Code to run a "company brain" for leasing, repairs, and marketing - Why he believes real estate investors who hold for 8+ years almost always become millionaires Connect with Ryan Chaw: Website: https://www.newbierealestateinvesting.com/guide LinkedIn: https://www.linkedin.com/in/ryan-chaw-pharmd-0a9995187/ Instagram: https://www.instagram.com/caocao8888/ Facebook: https://www.facebook.com/ryan.chaw/ YouTube: https://www.youtube.com/@ryanchaw1 Send The Host, Steven Weinstock, a comment 🎙 About Steven Weinstock Steven Weinstock is a real estate investor and founder of WeCapital and the Goethals Capital Fund. Since 2001, he has built a diverse portfolio of residential and multifamily assets while helping investors access passive income through strategic real estate opportunities. On this podcast, he shares real-world insights on investing, capital raising, and what it really takes to build and scale in today’s market. 📩 Want to invest or get in touch? Visit: www.WeCapitalX.com 📱 Connect with Steven: LinkedIn: www.linkedin.com/in/stevenweinstock1 Instagram: https://www.instagram.com/wecapitalx/ YouTube: https://www.youtube.com/@TheWealthClockPodcast

    From Pharmacist to 7 Figure Landlord: How Ryan Chaw Turned a $30,000 Mistake Into a Rent by the Room Empire | EP46
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The Wealth Clock Podcast with Steven Weinstock brings you real conversations with top real estate operators, fund managers, and business founders who share exactly how they build wealth, raise capital, and create passive income.For nearly 25 years, Steven has been investing in real estate — from single-family homes to large multifamily properties — and now manages multiple investment funds including WE Capital, the Goethals Capital Fund, and the WE Capital Mortgage Fund. Each episode reveals practical strategies for buying properties, structuring funds, and protecting wealth through smart investing.Listeners will discover insights on real estate syndications, private lending, deal structure, and long-term wealth building — all from people who are actively doing it in the real world.If you’re ready to grow your portfolio, generate passive income, and learn from proven operators, subscribe to The Wealth Clock Podcast today.For investor resources and upcoming opportunities, visit WeCapitalX.com

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