Steven Udvar-Hazy
Overview
- Source of Wealth
- Aircraft leasing
- Industry
- Service
- Residence
- Westlake, Texas
- Organization
- CEO and Chairman at Air Lease
- Education
- University of California, Los Angeles (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 4
Assets
- AbbVie Inc.104,000 shares @ --ABBV-US
- Air Lease Corp.5,859,000 shares @ --AL-US
- Alphabet151,000 shares @ --GOOGL-US
- Chevron Corp.453,000 shares @ --CVX-US
- Duke Energy518,000 shares @ --DUK-US
- Exxon Mobil Corp.2,100,000 shares @ --XOM-US
- Home Depot111,000 shares @ --HD-US
- Johnson & Johnson287,000 shares @ --JNJ-US
- JP MORGAN DIVERSIFIED RETURN US EQUITY1,366,000 shares @ --JPUS-US
- McDonald's206,000 shares @ --MCD-US
- Microsoft129,000 shares @ --MSFT-US
- PepsiCo Inc.980,000 shares @ --PEP-US
- Prudential plc150,000 shares @ --PRU-GB
- SkyWest Inc.56,000 shares @ --SKYW-US
- Southern Co875,000 shares @ --SO-US
- Target196,000 shares @ --TGT-US
- Walmart195,000 shares @ --WMT-US
Biography
Steven Udvar-Hazy, who immigrated to New York from Hungary as a child, is credited with creating the airplane leasing industry.
He started his own airline in his 20s, but realized there was easier money to be made in buying planes and leasing them to airlines.
Udvar-Hazy's first airplane leasing firm, International Lease Finance Corp., was sold to AIG in 1990 for $1.3 billion.
He started his second airplane leasing company, Air Lease Corp., in 2010 and took it public a year later. He remains chairman.
The Smithsonian's National Air and Space Museum named its sister location in Virginia for him after a $60 million donation in 2000.
After immigrating to the U.S., Udvar-Hazy packed boxes in a Manhattan warehouse for 30 cents an hour when he was 14 years old.
About
Udvar-Hazy took his first flying lesson as a teenager and is still certified to fly multiple jets.
Udvar-Hazy and his wife Christine have donated more than $100 million to education, including to Stanford and the Embry-Riddle Aeronautical University in Arizona.