Rank #679
Mitchell Morgan & family
Net worth $6.1B
Real estate · United States
- Born
- Jul 29, 1954
- Age
- 71
- Source
- Real estate
- Residence
- Bryn Mawr, Pennsylvania
- Citizenship
- United States
- Marital status
- Married
- Children
- 3
- Education
- Bachelor of Science, Temple University; JD, Temple University
Net worth over time
Biography
- Mitchell Morgan is the founder, CEO and owner of Conshohocken, Pennsylvania-based Morgan Properties, the third-largest owner of apartments in the U.S.
- Morgan Properties owns more than 350 properties with over 97,000 units in 20 states.
- Morgan founded the company in the Philadelphia suburb of King of Prussia in 1985 with a partner and took sole ownership in 1996.
- Morgan Properties' first major deal was the 2007 acquisition of a 17,000-unit portfolio from the Kushner Companies for $1.9 billion alongside AIG.
- Before entering the real estate business, Morgan worked as an accountant while taking night classes to earn a law degree at Temple University.
- Morgan owns a stake in the NFL's Washington Commanders and in Major League Baseball's Philadelphia Phillies
- Morgan's first job was working as a shoe salesman at his father's shoe store in Philadelphia to pay his way through college at Temple.