Leonard N. Stern is an American billionaire businessman and philanthropist who has made significant contributions to the world of real estate and beyond. As the chairman and CEO of the privately owned Hartz Group, he has overseen the company’s growth into one of the largest real estate developers in the United States. His philanthropic endeavors have also had a profound impact, supporting a wide range of causes in education, healthcare, and the arts.
Early Life and Education
Leonard Norman Stern was born on March 28, 1938, in New York City. He grew up in a family of entrepreneurs and developed an early interest in business. After graduating from the Manhattan Day School, he went on to study at New York University’s Stern School of Business.
A Career in Real Estate
After completing his education, Stern joined the family business, Hartz Mountain Industries. Under his leadership, the company expanded its real estate holdings to include a diverse portfolio of office buildings, residential properties, and retail spaces. Hartz Mountain Industries has become a major player in the New York City real estate market, and Stern’s contributions to the company’s success have been widely recognized.
Beyond his business achievements, Stern is also a dedicated philanthropist. He has generously supported a wide range of causes, including education, healthcare, and the arts. He is a trustee of New York University, where he has endowed several scholarships and professorships. He has also been a major donor to the Mount Sinai Health System and the Metropolitan Museum of Art.
Stern is married to Allison Maher Stern, and they have three children together: Edward J. Stern, Emanuel T. Stern, and Andrea C. Stern. He is a passionate collector of art and has a deep appreciation for classical music. Stern is also an active member of the New York City business community and has served on the boards of several organizations.
Leonard N. Stern is a remarkable individual who has achieved great success in both business and philanthropy. His leadership and vision have transformed the Hartz Group into a real estate powerhouse, and his generosity has touched the lives of countless individuals and organizations. Stern is an inspiration to aspiring entrepreneurs and philanthropists alike.