Leonard Stern
$8.3B
Born
Mar 28, 1938
Age
87
Source of Wealth
Real estate
Residence
New York, New York
Citizenship
United States
Marital Status
Married
Children
3
Education
Master of Business Administration, Leonard N. Stern School of Business; Bachelor of Arts/Science, New York University
- Leonard Stern joined his father Max's pet supply business in 1959. Seven years later he expanded into real estate, acquiring a New Jersey warehouse.
- His Hartz Mountain firm owns more than 260 real estate properties, mostly in the New Jersey area.
- Most of Hartz's portfolio is in warehouses, including properties in New Jersey, Atlanta, Baltimore and Charlotte, N.C.
- Stern sold the pet business for $350 million in 2000. He has also ventured into publishing, energy, capital management and carpet cleaning.
- Many know his name thanks to his $30 million donation 30 years ago to New York University's business school, renamed in his honor.
- Leonard's father Max Stern arrived in New York from Germany in 1926 with 5,000 canaries -- a friend's way to repay a loan.
- In 2015, Stern's son Eddie was named Hartz's president and chief operating officer. He will eventually succeed his father as chairman and CEO.
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