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Robert D. Ziff Net Worth, Biography & Wiki 2017
Robert Ziff was born on the 1st January 1967, in New York City, New York USA, and is of German ancestry. Robert is best known to the world as a businessman and investor, and one of the sons of William Bernard Ziff Jr., the late publishing magnate He has been active as a businessman since 1994.
Have you ever wondered how rich Robert D. Ziff is? According to sources, it is estimated that Robert`s overall net worth is $5 billion, an amount he has earned through his successful career of an investor, and currently, his vast fortune puts him in 94th place on the Forbes 400 list.
Robert D. Ziff Net Worth $5 Billion
Robert grew up in an already wealthy family, with his two brothers, Dirk and Daniel. Their father was William Bernard Ziff Jr., the owner of the Ziff-Davis Inc., a magazine empire, which releases included periodical titles like “PC Magazine, “Car and Drive”, “Popular Aviation”, and others. His mother, Barbara Ingrid Beitz, was German, but her family was in the movement called “Righteous Among The Nations”, which helped Jews to escape during the Second World War. Regarding his education, Robert attended Harvard University, from which he graduated with magna cum laude in computer engineering. He then enrolled in Cornell Law School, where he finished his studies as the first in class.
Following the end of his education, Robert got his first job working as a clerk for Chief Judge Monroe G. McKay of the United States Court of Appeals for the Tenth Circuit in Salt Lake City, Utah. This was the start of his independent net worth, however, his net worth has been in a constant rise since 1994, when his father decided to sell 95% of the Ziff Davis Inc. to Frostman Little for $1.4 billion, as his sons didn`t want to follow his legacy. After he inherited a part of the family fortune, alongside his two brothers, they established the Ziff Brothers Investments, with its headquarters in New York City. Over the years, Ziff Brothers Investments grew on it size and wealth, and became one of the biggest real estate, debts, private equity and hedge funds group, which is the main source of Robert`s overall net worth.
Further to the success of his company, Ziff Brothers Investments gave seed money to fund Daniel Och, which led to the ownership of a 10% stake of the Och-Ziff Capital Management.
To prove that he is not all money, Robert has also done some charity work; he established The Robert D. Ziff Foundation, and it operates with $8.5 million in assets and has made around $1 million in grants annually in recent years. In 2008, he established the Robert D. Ziff Professorship of Law at Cornell Law School, and furthermore, Robert has donated $2 million to the Harvard University men’s hockey program.
Robert has also had dipped his hands in politics, as he has contributed financially to the Republican legislators supportive of gay marriage in 2011.
Regarding his personal life, he has been married to Michelle Angelic Locher since 1998, with whom he has two children.