Leonard Stern
Overview
- Source of Wealth
- Real estate
- Industry
- Real Estate
- Residence
- New York, New York
- Organization
- Chairman and CEO at Hartz Mountain Industries, Inc.
- Education
- Leonard N. Stern School of Business (Master of Business Administration)New York University (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 3
Biography
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.
About
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.