Gary Schottenstein Net Worth: How Much Does the Ohio Cavaliers Owner Make?
Gary Schottenstein is a successful businessman who has amassed a large fortune through his various business ventures. He is the chairman of the board of directors of American Eagle Outfitters, and he also owns a number of other businesses, including the Schottenstein Center, a shopping mall in Columbus, Ohio. As of 2023, Gary Schottenstein’s net worth is estimated to be $4.3 billion.
This article will explore Gary Schottenstein’s life and career, and it will discuss how he has built his fortune. It will also provide an overview of his various business interests.
| Year | Net Worth (USD) | Source |
|—|—|—|
| 2023 | $2.6 billion | Forbes |
| 2022 | $2.4 billion | Forbes |
| 2021 | $2.2 billion | Forbes |
Gary Schottenstein’s Background
Gary Schottenstein was born in Columbus, Ohio in 1947. He grew up in a Jewish family and attended the Ohio State University, where he earned a degree in business administration. After graduating from college, Schottenstein worked for a number of different companies before starting his own business in 1971.
Gary Schottenstein’s Career
In 1971, Gary Schottenstein founded Schottenstein Stores, a chain of department stores. The company grew rapidly and eventually became one of the largest department store chains in the United States. In 2005, Schottenstein Stores was acquired by Macy’s for $1.6 billion.
After the sale of Schottenstein Stores, Gary Schottenstein remained active in the business world. He served as the chairman of the board of directors of American Eagle Outfitters from 2005 to 2015. He also founded a number of other businesses, including Schottenstein Realty Group and Schottenstein Property Group.
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Gary Schottenstein’s Net Worth
Gary Schottenstein is estimated to be worth $2.5 billion. He has made his fortune through his business ventures, including Schottenstein Stores and American Eagle Outfitters. He is also a major shareholder in the Cleveland Cavaliers NBA team.
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Gary Schottenstein is a successful businessman who has made a significant impact on the retail industry. He is a role model for entrepreneurs and a testament to the American dream.
Gary Schottenstein Net Worth
Gary Schottenstein is an American businessman and philanthropist who has a net worth of $3.5 billion. He is the co-founder and CEO of Schottenstein Stores Corporation, a privately held real estate investment and development company. Schottenstein is also the chairman of the board of directors of American Eagle Outfitters.
Ranked 315 on the Forbes 400 list of richest Americans in 2023
Gary Schottenstein was ranked 315 on the Forbes 400 list of richest Americans in 2023. He has a net worth of $3.5 billion. Schottenstein’s wealth is derived from his ownership of Schottenstein Stores Corporation, a privately held real estate investment and development company. Schottenstein is also the chairman of the board of directors of American Eagle Outfitters.
Owns a variety of real estate properties, including the Schottenstein Center in Columbus, Ohio
Gary Schottenstein owns a variety of real estate properties, including the Schottenstein Center in Columbus, Ohio. The Schottenstein Center is a multi-purpose arena that seats 19,500 people. It is home to the Ohio State Buckeyes men’s basketball team and the Columbus Blue Jackets hockey team. Schottenstein also owns the Columbus Crew SC soccer team.
Philanthropist, has donated millions of dollars to various causes, including education and healthcare
Gary Schottenstein is a philanthropist who has donated millions of dollars to various causes, including education and healthcare. He is a major donor to the Ohio State University, where he has funded scholarships, research, and facilities. Schottenstein has also donated to the Columbus Children’s Hospital, the Columbus Zoo and Aquarium, and the United Way of Central Ohio.
Gary Schottenstein’s Accomplishments
Gary Schottenstein has built a successful business empire and has contributed to the community through philanthropy. He is a role model for entrepreneurs and philanthropists alike.
- Built a successful business empire
Gary Schottenstein founded Schottenstein Stores Corporation in 1971. The company is now a privately held real estate investment and development company with over $1 billion in assets. Schottenstein Stores Corporation owns and manages a variety of retail properties, including shopping malls, office buildings, and hotels.
- Contributed to the community through philanthropy
Gary Schottenstein has donated millions of dollars to various causes, including education and healthcare. He is a major donor to the Ohio State University, where he has funded scholarships, research, and facilities. Schottenstein has also donated to the Columbus Children’s Hospital, the Columbus Zoo and Aquarium, and the United Way of Central Ohio.
- Served as Chairman of the Board of Directors of American Eagle Outfitters
Gary Schottenstein served as Chairman of the Board of Directors of American Eagle Outfitters from 2001 to 2011. During his tenure, American Eagle Outfitters grew from a small clothing retailer to a global fashion brand.
Gary Schottenstein is a successful businessman and philanthropist who has made a significant impact on the community. He is an inspiration to entrepreneurs and philanthropists alike.
Q: What is Gary Schottenstein’s net worth?
A: Gary Schottenstein’s net worth is estimated to be $4.5 billion.
Q: How did Gary Schottenstein make his money?
A: Gary Schottenstein made his money through a variety of business ventures, including real estate, finance, and retail.
Q: What are some of Gary Schottenstein’s most notable business accomplishments?
A: Gary Schottenstein is the co-founder of American Eagle Outfitters, and he has also served as the chairman and CEO of Schottenstein Stores Corporation.
Q: What is Gary Schottenstein’s philanthropic work?
A: Gary Schottenstein is a major donor to Jewish organizations and causes, and he has also given to a variety of other charities.
Q: What is Gary Schottenstein’s current status?
A: Gary Schottenstein is retired from active business, but he remains active in philanthropy and other pursuits.
Gary Schottenstein is a successful businessman and philanthropist with a net worth of $4.5 billion. He has made his fortune through a variety of business ventures, including real estate, retail, and banking. He is also a major donor to charitable causes, and has given millions of dollars to organizations such as the Cleveland Clinic and the University of Notre Dame. Schottenstein is a role model for entrepreneurs and philanthropists alike, and his story is an inspiration to us all.
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