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Bruce Ratner Net Worth, Biography & Wiki 2017
Bruce Ratner was born on the 23rd January 1945, in Cleveland, Ohio USA, and is a real estate developer and businessman, but perhaps best known to the public as a minority owner of the National Basketball Association (NBA) franchise THE Brooklyn Nets.
Have you ever wondered how rich Bruce Ratner is, as of early 2017? According to authoritative sources, it has been estimated that Ratner’s net worth is as high as $400 million, earned through his successful career as a businessman. He founded Forest City Realty Trust, which is a diversified real estate management and development company, which has also improved his wealth considerably.
Bruce Ratner Net Worth $400 Million
Ratner is one of eight children born to Polish-Jewish parents, Ratowczer, which was later transformed into Ratner. After finished high school, Bruce enrolled at Harvard College graduating in 1967, and then continued his education by enrolling at Columbia University, from which he received his Juris Doctor Degree in 1970.
Bruce started practicing law in the early 1070s under New York Mayor Ed Koch, becoming consumer affairs commissioner, and was responsible for taking down corrupt merchants, repairmen and alarm companies. He also became known somewhat amusingly for insisting on “diapering” the horses pulling carriages in Central Park, because he didn’t want horse excrement to fall onto the ground. After his stint ended, he ventured into real estate development.
He started Forest City Ratner in 1985, and still serves as company’s CEO. Since its inception, he has developed numerous luxurious buildings, including the $1 billion complex of nine buildings in downtown Brooklyn called MetroTech, among other differing successful projects, which have only increased Ratner’s net worth.
He then expanded his kingdom to sports, by buying the New Jersey Nets from YankeeNets with rapper Jay-Z and several other wealthy people for $300 million in total, and then moved the Nets to Brooklyn and had a new sports center built, called Barclays Center, valued at approximately $3.5 billion. In 2009, he sold some of his stake in the team to Russian billionaire Mikhail Prokhorov for $200 million.
Thanks to his accomplishments and reputation, Bruce is a board member of several cultural and health facilities, including the Weill Cornell Medical College, Memorial Sloan-Kettering Cancer Center, Brooklyn Academy of Music and Museum of Jewish Heritage.
Regarding his personal life, Bruce has been married twice, firstly to Julie Ratner with whom he has two daughters. He then started dating Pamela Lipkin who he married in 2008, but they divorced eight years later, at Pamela’s instigation.