Leonard Stern Net Worth: $4.2 Billion
Leonard Stern is an American entrepreneur and real estate developer. He has an estimated net worth of $4.2, which makes him one of the most financially successful people in the United States.
He serves as the Chairman and Chief Executive Officer of Hartz Group, which is a privately owned company that is based in New York City. He also serves as the Chairman and Chief Executive Officer of Hartz Mountain Industries, which is a subsidiary company of the Hartz Group.
Stern owns at least 38 million-square-feet of property in New York and New Jersey. This is together with a piece of an undeveloped land of 120 acres. Via his Hartz Equity portfolio, he invested in natural resources. In 1953, Stern joined Hartz Mountain Pet Products which is owned by his family. Later in 2000, he sold the business for $35 million.
With the inspiration of his father, Max Stern, who was an immigrant who spent most of his time serving the society, Stern became an active philanthropist.
He is mostly known for founding Homes of Homeless and working on building culinary schools, for helping homeless women, among others contributions. The self-made billionaire is married to Allison Maher. He was previously married to Judith Stern Peck, with whom he had 3 children – Emanuel T. Stern, Edward J. stern and Andrea C. Stern.