#227 Paul Milstein & family
03.05.08, 6:00 PM ET
| < Previous: Lev Leviev | Next: Stephen Ross > |
 Courtesy of The Milford Agency |
Fortune: self made
Source: Emigrant, real estate
Net Worth: $4.5 bil
Country Of Citizenship: United States
Residence: New York, New York , United States, North America
Industry: Real Estate
Marital Status: married, 4 children
Education: New York University, Drop Out
Father, Morris, founded Circle Floor Co. 1919, laid hardwood floors and carpeting for Rockefeller Center, Madison Square Garden. With brother Seymour (d. 2001), took over business. Sold 1960s; built New York real estate empire with profits. Today Milstein Properties owns apartment towers from Battery Park City to the Upper East Side, offices in Midtown, numerous undeveloped lots across Manhattan. Acquired New York's oldest savings bank, Emigrant, for $90 million 1986. Launched Internet banking arm 3 years ago. Son Howard oversees real estate and banking operations. Recently purchased a $145 million stake in Jack Nicklaus' golf course and equipment design company.
| < Previous: Lev Leviev | Next: Stephen Ross > |
Distribution of Billionaires by Residence
Diameter of disc reflects size of fortune. The red disc indicates Paul Milstein & family
| < Previous: Lev Leviev | Next: Stephen Ross > |
 | |
| For billionaires with publicly traded fortunes, net worths were calculated using share prices and exchange rates from February 11, 2008. | |
More On This Topic
| Article Controls |
E-Mail |
Print |
Request Reprints |
E-Mail Newsletters
del.icio.us |
Digg It! |
My Yahoo! |
Share |
RSS
del.icio.us |
Digg It! |
My Yahoo! |
Share |
RSS
News Headlines | More From Forbes.com | Special Reports
Advertisement: Related Business Topics >
| Sales Lead List | Promotional Products |
Subscriptions >
| Subscribe To Newsletters | Subscriber Customer Service |
