Ira Rennert
$3.8B
Born
May 31, 1934
Age
91
Source of Wealth
Investments
Residence
New York, New York
Citizenship
United States
Marital Status
Married
Children
3
Education
Bachelor of Arts/Science, Brooklyn College; Master of Business Administration, Leonard N. Stern School of Business
- Ira Rennert is the founder of the Renco Group, an industrial empire with estimated annual revenues of $5 billion.
- Renco's holdings include a stake in military truckmaker AM General, lead and zinc producer Doe Run Company and U.S. Magnesium Corp., among others.
- His mother emigrated to the U.S. from Poland at age 3 and his father came from Romania at age 14.
- A Brooklyn native and former credit analyst, he began building his fortune by investing in junk bonds in the 1980s.
- In 2015, a court ruled that Rennert was liable for improperly diverting money from his business to pay for a lavish home in Southampton, New York.
- Rennert has a 114,000-square-foot Hamptons estate with an assessed value of $268 million.
- Rennert reportedly donated funds to help restore the Western Wall in Jerusalem.
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