Samuel Rudin
| Samuel Rudin | |
|---|---|
| Born | 1896 |
| Died | 1975 (aged 78–79) |
| Nationality | United States |
| Occupation | real estate developer |
| Known for | founder of Rudin Management Company |
| Religion | Jewish |
| Spouse(s) | May Cohen |
| Children |
Jack Rudin Lewis Rudin |
| Parent(s) | Louis Rudinsky |
| Family |
Edward Rudin (brother) Henry Rudin (brother) Nathan Rudin (brother) Beth Rudin DeWoody (granddaughter) |
Samuel Rudin (1896–1975)[1] was a New York real estate developer and founder of the Rudin Management Company and patriarch of the Rudin family.
Biography
Rudin was the son of Belarusian Jewish immigrant Louis Rudinsky, who operated a dry goods store on the Lower East Side.[2] His father made his first real estate purchase in 1905 when he bought a four-story brownstone on 153 East 54th Street.[2] He commanded his sons to never sell the property and to try and purchase all the buildings surrounding it.[3] Samuel Rudin followed his father's edict, and he, along with his brothers, Edward, Henry, and Nathan, purchased most of the surrounding buildings.[4] They continued to add buildings to their portfolio, and in 1925, they founded the Rudin Management Company to handle the management and leasing side of the business.[3] In the 1950s and 1960s, the Rudin family was one of the most prolific builders of skyscrapers in Manhattan.[5] In 1975, his sons Jack and Lewis took over the company.[6] In 1990, fifteen years after his death, the Rudin Management portfolio was valued at $1.5 billion.[7]
Personal life and death
In 1923, he married May Cohen.[7] They had two children, Jack and Lewis, who took over the family business.[7] Rudin died in 1975.[7] His will established the Samuel and May Rudin Foundation,[7] which focuses on education, social and religious welfare agencies, hospitals, museums, and the performing arts, primarily in Manhattan, where most of the Rudin portfolio was located.[7]
Rudin was an avid long-distance runner,[8] and his family continues to be a major sponsor of the New York City marathon.[9]
References
- ↑ New York City Parks: "The Immigrants" retrieved May 30, 2014
- 1 2 New York Sun: "Old-Line Landlords Decide Now Is the Time To Sell" by MICHAEL STOLER July 7, 2005
- 1 2 Rudin Management Website: "About Us" retrieved May 30, 2014
- ↑ New York Sun: "'New York Is a Safe Harbor for Investing, It's a City on the Rise'" By PRANAY GUPTE March 4, 2005
- ↑ The Real Deal: "Ranking NYC’s real estate dynasties - TRD breaks down the portfolios and profits of the industry's major families" By Adam Pincus October 01, 2013
- ↑ Real Estate weekly: "Great real estate families" August 20, 2005
- 1 2 3 4 5 6 New York Times: "May Rudin, 95, a Philanthropist And New York Real-Estate Owner" By WOLFGANG SAXON July 24, 1992
- ↑ New York Road Runners: "Rudin Family, Boston Honored at NYC Finish Line" by Kristine Smith October 30, 2013
- ↑ National Medical Fellowships: "NMF Humanitarian Award - Jack Rudin" 2013