Dwight Schar
$2.5B
Born
Feb 08, 1942
Age
83
Source of Wealth
Homebuilding, NFL team
Residence
Palm Beach, Florida
Citizenship
United States
Marital Status
Married
Children
3
Education
Bachelor of Arts/Science, Ashland University
- Dwight Schar is the chairman of Virginia-based NVR, one of the largest homebuilders in the United States, with nearly $9 billion in annual revenue.
- He founded NVHomes in 1980 and borrowed big to acquire his former employer and competitor, Ryan Homes, in 1987. The combined company was called NVR.
- NVR declared bankruptcy in 1992, but reorganized and recovered the next year. Today, the company builds homes in 15 states.
- Schar bought a minority stake in the NFL's Washington Redskins (now called Washington Commanders) in 2003 for $200 million.
- He sold it in 2021 for approximately $320 million amid a court battle with majority owner Daniel Snyder.
- Schar has sold over $1 billion of NVR stock since 2003.
- A former junior high school teacher, Schar has donated millions to his alma mater, Ashland University, and to his children's colleges.
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