Jerry Speyer Net WorthReal Name: Jerry Speyer
Date of Birth: 06/23/1940
Place of Birth: Milwaukee, Wisconsin
2017 Net Worth: $4 Billion
Profession: Real Estate Developer
Jerry Speyer Biography
Jerry Speyer was born in Milwaukee, Wisconsin but his family moved when he was only 3 months old to New York. He graduated from the private Horace Mann School, and then attended Columbia University, where he majored in German literature. Speyer received an MBA from Columbia Business School in 1964.
Speyer’s first job was working as Assistant to the Vice President of Madison Square Garden. In 1978, Speyer formed the company Tishman Speyer with his father- in-law. Speyer has served as President and CEO. He has also served as chairman of the Federal Reserve Bank of New York, chairman of the Museum of Modern Art, and many others.
Speyer married Lynn Tishman in 1964. His wife’s great grandfather founded Tishman Realty and Construction. Tishman Speyer is a spinoff of this company. The couple had three children, two of which work for Tishman Speyer. Speyer’s second wife also works for the company.
Speyer made some tremendous real estate deals including a set of three office complexes that he purchased for $295 million in 2005 then sold in 2013 for $430 million. Speyer is a well-known real estate developer in New York City as well, however he has been doing a great deal of business overseas lately, especially in China, Europe, and Brazil with towering skyscrapers in London, Paris, Berlin, Frankfurt, and Sao Paulo. Along with a Chinese partner, Vanke, Speyer is building a second condo tower in downtown San Francisco. He purchased the Rockefeller Center in 2012, as well as the Chrysler Building in Manhattan.
Tishman Speyer is currently betting heavily on China, with a massive project there called The Springs, a 66 acre complex just outside of Shanghai, where Nike is one of the main tenants. Speyer’s has not been without setbacks, however. His $5.4 billion acquisition of the 80 acre Stuyvesant Town Peter Cooper Village back in 2006 became the largest mortgage default ever in US history. However, the company has since recovered. Speyer’s current net worth is an impressive $4 billion.