Joan Hyman Net WorthReal Name: Joan Hyman
Date of Birth: 1926
Place of Birth: United States
2017 Net Worth: $3.2 Billion
Profession: Heiress to the Tisch family fortune
Joan Hyman, Joan Tisch Biography
Joan Tisch was born in 1926 and attended the University of Michigan. She was married to Preston Robert Tisch. Together with her sister in law Wilma, Tisch manages the family business built by their husbands. Loews Corporation controls numerous businesses such as Diamond Offshore, CAN Insurance, and Boardwalk, which involves natural gas pipelines, as well as the Loews Theater chain. . Tisch’s nephew and her son Jonathan currently sit as CEO and co-chair of the Loews Corporation.
The Tisch brothers, Robert and Larry started their business with one small hotel in New Jersey in 1946. That single hotel business has now turned into an extremely diversified company with three publicly traded subsidiaries and two wholly owned subsidiaries. The Tisch brothers borrowed $125,000 from their parents to purchase their hotel, and then they began buying hotels one right after the other. The Tisch brothers gained their controlling stake in the Loews Theatre chain in 1959 and then this dynamic pair of brothers built their $17 million Americana Hotel in Florida. They might have had to borrow seed money for their first hotel, but they paid for the Americana in cash and later sold it to Sheraton in the late 1970’s. Tisch’s husband purchased the New York Giants football team in 1991. Upon his death, she inherited 50 percent ownership.
Unlike some families, such as the Astor’s or the Vanderbilt’s, whose money can be traced back to the 1800’s, the Tisch fortune is vast but is fairly recent. However, you can’t go anywhere in New York without seeing the Tisch name on hospitals, schools, and museums. For all her wealth, however, Tisch lives a relatively simple life. It appears she prefers to donate her wealth rather than live a lavish lifestyle. Tisch has a current net worth of $3.2 billion and has donated millions recently to the renovation of Washington Square Park in New York.