Leonard N. Stern
Leonard N. Stern was born in New York City, New York, United States on March 28th, 1938 and is the Entrepreneur. At the age of 86, Leonard N. Stern biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
At 86 years old, Leonard N. Stern physical status not available right now. We will update Leonard N. Stern's height, weight, eye color, hair color, build, and measurements.
Leonard Norman Stern (born March 28, 1938) is an American businessman, investor, and philanthropist. He is the chairman and CEO of the privately owned Hartz Group based in New York City.
The company's real estate portfolio was owned and operated under its Hartz Mountain Industries subsidiary company, of which he is also chairman and CEO.
Early life and education
Stern was born to a Jewish family, the son of Hilda (née Lowenthal) and Max Stern. Max Stern was the German-born vice-chairman of the board of trustees of Yeshiva University for whom its Stern College for Women was named. He had emigrated from Weimar Germany to the U.S. in the 1920s after his textile business proved unprofitable, bringing along 2,100 canaries from Germany to sell on the U.S. market. By selling caged birds, bird cages and other pet bird supplies to U.S. pet owners through Woolworth's stores over the next thirty years, Stern's father built up the family business: Hartz Mountain Corporation (HMC), also headquartered in Secaucus, NJ. HMC later grew to become the flagship subsidiary of The Hartz Group. The business was named after the Harz Mountains of Germany. Though Canaries originally come from the Canary Islands the Canaries in trade are the result of selective breeding by farms located at Harz.
In 1957, Stern graduated from New York University (NYU).
Personal life
Stern has been married twice:
He is listed by Forbes with a net worth of $4.8 billion, making him the 143rd richest person in the United States as of October 2018.
New York University's business school is named after him.
Career
Stern initially inherited his wealth from his father. He gradually purchased his brother's and sister's share of the family business, Hartz Mountain, and by the early 1960s, exercised absolute control of Hartz Mountain Corporation (HMC). Hartz Mountain Corporation then began to capture the pet supply market that catered to both dog and cat owners and parakeet and canary owners. By 1984, Hartz Mountain Corporation (HMC) controlled 75% to 90% of the U.S. market for most U.S. pet supply goods. Its pet supply business was estimated to be worth $400 million and was earning $40 million in annual profits. In the mid 1980s Leonard Stern bought the alternative New York City weekly alternative newspaper The Village Voice eventually sold to New Times Media.