Keith Wasserman Net Worth 2025: How Rich is the Entrepreneur?

Keith Wasserman is an American real estate entrepreneur and co-founder of Gelt Inc., which manages a portfolio of approximately $1.6 billion. As of 2025, Keith Wasserman net worth is estimated to be around $120 million.

Early Life

Keith Wasserman was born in 1985 in Cleveland Heights, Ohio. He grew up in a Jewish community during the 1960s. Keith was very young when he lost his father. Then, his mom remarried and relocated to Centerville, Ohio. When he was a teenager, he battled drug addiction. He used and sold various substances leading him to a deviant lifestyle.

Throughout high school, he struggled to get good academic marks. He maintained a “D” grade throughout high school. Keith experienced a profound change in his personality and behavior after embracing Christianity in his junior year. This spirituality awakening inspired him to continue higher education and helped him get out of drug addiction.

Wasserman graduated from Centerville High School and attended Ohio University in 1976. During his college years, he was involved in the Christian community and Scripture. During that time, he developed a helping nature and provided help to those who needed it. In 1981, Keith established Good Works, Inc., a charitable organization. Through the organization, he served individuals struggling with homelessness and poverty in rural Appalachia.

Career

Keith Wasserman started his professional journey in the 1990s. Initially, he worked in various roles and developed foundational skills in management and business. He became a co-founder of Gelt, Inc., a real estate investment company, in 2008. Keith started the firm during the financial crisis. At that time, he made a different strategy and was successful in capitalizing on the downturn in the real estate market.

Keith mainly focused on acquiring self-storage and multifamily properties across the Western United States. Under his leadership, the real estate firm grew exponentially and amassed a portfolio valued at over $3 billion. Keith looked after a wide range of operations and was involved in acquisitions, leasing, marketing, investor relations, and development. Carrying a multifaceted role, he showcased his skill in navigating complex real estate market conditions successfully.

Keith took another major step in 2017 by co-founding Happy Home Communities. This venture added manufacturing house communities to Gelt’s portfolio. Keith’s smart move towards home communities demonstrated his business acumen to innovate and adapt to new changes within the real estate sector. Wasserman is also committed to social responsibility. He collaborated with Damian Langere and established The Resident Relief Foundation.

Wasserman admires and loves innovatively designed vehicles. His admiration for the car became evident when he referred to his Tesla Cybertruck as one badass machine on social media. His admiration with the Cybertruck gained controversy during a recent wildfire crisis in LA. Recently, when the fire broke out in LA, it threatened his house in Pacific Palisades. Soon, he sought help on social media and looked for private firefighters to protect his property.

Keith offered to pay any amount to the firefighters if they protected his property. This plea led him to backlash and criticism for seeking preferential treatment. Wasserman previously made anti-tax comments and opposed taxes. Critics pointed out that and raised questions about his views on community support as he sought help from private firefighters to protect his house. His anti-tax comment was brought out during a wildfire crisis as critics argued that taxes are required to fund necessary public services such as fire departments.

Personal Life

Keith Wasserman shares a deep connection with his wife, Darlene. The pair met in 2009 when Darlene was working as a commercial real estate broker. She called Keith’s father about a vacant property. During the process, both met and later encountered a romantic relationship. Their relationship later blossomed into a successful partnership in their professional endeavor and personal life. Shortly after meeting, they exchanged wedding vows.

Together, they share three kids, two daughters and a son. Keith credits his wife as his rock and an important part in their journey in founding the real estate investment firm, Gelt, Inc. Keith’s family life is intertwined with his philanthropic activities. He is involved in various community services through The Resident Relief Foundation. He co-founded the organization to provide help to renters who are suffering eviction issues due to financial emergencies.

Despite his busy schedule, Keith prioritizes spending time with his kids and wife. He believes in balancing professional work and home life. Keith often shares insights about the challenges and joys of raising his kids while growing his business. The real estate entrepreneur has remained focused on managing his family’s well-being navigating the complexities of both professional and personal life.

Keith Wasserman Net Worth

As of 2025, Keith Wasserman net worth is close to $120 million. He derived enormous fortune from his successful ventures in the real estate industry. He established Gelt, Inc. in 2008 during the Great Recession.  The real estate firm managed to amass a portfolio valued at more than $3 billion under his leadership. Similarly, the real estate firm encompassed approximately 6,000 apartments and around 600,000 sq. feet of self-storage spaces across various real estate markets.

Keith’s exact annual figures are not publicly disclosed. It is reasonable to predict that his earnings from the real estate firm, Gelt are substantial. Generally, real estate entrepreneurs earn lucrative earnings through management fees, rental income, and profit-sharing from property sales. Given the value of his real estate firm’s portfolio, his annual earnings possibly valued at several million dollars.

Wasserman owns a luxury house in the upscale Pacific Palisades, Los Angeles. His property received major attention recently when he sought help from private firefighters to protect his property from a wildfire crisis. Many accuse him of unnecessarily flaunting his immense fortune and prioritizing his property over the safety of the community during an emergency. Wasserman has admiration for Elon Musk as he owns a Tesla Cybertruck.