Rank #1566
Jeff Sutton
Net worth $2.7B
Real estate · United States
- Born
- Jan 17, 1960
- Age
- 66
- Source
- Real estate
- Residence
- New York, New York
- Citizenship
- United States
- Marital status
- Married
- Children
- 5
- Education
- Bachelor of Arts/Science, University of Pennsylvania, The Wharton School
Net worth over time
Biography
- Jeff Sutton built a fortune buying Manhattan storefronts, and boasts pricey leases to brands such as Armani and Prada.
- He first made waves by signing American Girl to his Fifth Avenue store for the doll retailer's first flagship location in Manhattan.
- The doll retailer opened the store in 2003; it moved to Rockefeller Plaza 15 years later.
- In late 2016, Sutton and SL Green signed Nike to a new lease, wooing the sports brand out of its Trump-owned location.
- Sutton owned part of Manhattan's Crown Building until 2019, when he sold nearly all of his stake to Brookfield for about $400 million.
- As a retail broker, Sutton drove a Payless Shoesource executive around and asked him to point to a location he wanted. He then bought it and leased it to him.
- The grandson of Syrian Jews, Sutton still owns a home in the tight knit neighborhood of Gravesend, Brooklyn, where his family settled.