Barry Stuart Sternlicht is the founder, chairman, and CEO of Starwood Capital Group, and chairman of Starwood Property Trust, the largest commercial mortgage REIT in the United States. He's the brains behind W Hotels, Bliss Spa, and environmental flagship brand 1 Hotels—oh, and he's also a billionaire. But he wasn't born with a silver spoon in his mouth. His father was a Holocaust survivor from Poland, his mother a biology teacher (later turned stockbroker) born and raised in New York.
When you ask Sternlicht how he got from a public school education to Harvard Business School, from arbitrage trading on Wall Street to building a $50 billion real estate empire, he immediately references his biggest influences: his father and Neil Bluhm (co-founder of JMB Realty). Sternlicht makes no bones about having learned from both their great successes and their abject failures.
If you'd asked a 20-something Sternlicht what drove him to succeed, he'd have said, "I wanted to be rich enough to have a tennis court and a pool." But something deeper than that has driven him to the success he's found today. What he found in the hotel industry when he first started running his own company was a deeply ingrained pursuit of mediocrity, which spurred him on to create something better.