Bruce Ratner Net Worth is$400 Million
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Bruce Ratner is a American real estate developer that was born on January 23, 1945 in Cleveland, Ohio. He is most famous for heading the group that bought the New Jersey Nets from YankeeNets for $300 million in 2004, along with entrepreneur and hip hop artist Jay-Z. Since 2005 Ratner and Jay-Z had plans to move the Nets to Brooklyn in New York City. In 2009, Russion tycoon Mikhail Prokhorov agreed to buy 80% of the Nets for $200 million and would provide a $700 million loan to build the new Barclays Center which would be the new home the the re-named Brooklyn Nets. He has been CEO of and chairman of Forest City Ratner Companies, which deals with real estate development and property management. He also serves as a director or officer of many of its subsidiary companies. His brother, Michael Ratner, is a prominent attorney in New York and his sister, Ellen Ratner, is a news analyst for Fox News. Bruce Ratner is also very active in the New York community through educational and charitable organizations.
Bruce Ratner (born January 23, 1945 in Cleveland, Ohio) is an American real estate developer and is a current minority owner of the NBA's New Jersey Nets. His older brother is prominent New York attorney Michael Ratner and his sister is Ellen Ratner, a news analyst for Fox News.
Ratner first became owner of the Nets when he headed an ownership group that purchased the franchise from YankeeNets for $300 million. Ratner's group beat out an ownership group led by Charles Kushner and former New Jersey governor Jon Corzine. Since 2005, Ratner has been planning to relocate the Nets to New York City, specifically to build an arena in the Prospect Heights neighborhood of Brooklyn. The Barclays Center is the centerpiece of a proposed $3.5 billion sports arena, business and residential complex called Atlantic Yards. This project is being built by Ratner's real estate development company, Forest City Ratner Enterprises. The site of the proposed arena is adjacent to the site that Walter O'Malley wanted to use for a new stadium for the Brooklyn Dodgers in the early 1950s. (O'Malley's plan was rejected by the city, resulting in the Dodgers relocating to Los Angeles in 1958.) On September 23, 2009, Russian tycoon Mikhail Prokhorov reached a deal with Ratner to purchase an 80% stake of the Nets for $200 million, subject to Ratner acquiring financing for the arena project and control of the land by the end of the year in addition to the approval of 3/4 of the NBA board of governors. Prokhorov would also provide a $700 million loan to the construction of the arena as well as attracting additional funds in Western banks. According to Ratner, accepting Prokhorov as majority owner "gives us a partner who adds to the financial strength of the venture. Mikhail will have primary responsibility for the basketball part and we will have primary responsibility for the arena and the real estate." On May 11, 2010, the sale of the Nets to Prokhorov was approved by the NBA.
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Bruce Ratner Latest News

Back to the future

The county’s original tenant, Nassau Events Center Plaza, was once headed by developer Bruce Ratner. But Ratner is no longer involved, and in an out-of-court settlement, Blumenfeld received the right to propose a development plan. Now, it won’t be that ...
Posted: May 17, 2018, 6:14 pm

Ratner Agrees To Building Atlantic Yards Affordable Housing Faster

It's taken over years, but now it looks like Forest City Ratner might get started on building affordable housing for the Atlantic Yards sooner rather than later. The NY Times reports that Bruce Ratner has "agreed to greatly accelerate the construction of ...
Posted: June 27, 2014, 6:32 pm

Barclays Center developer Bruce Ratner gets pressed to fulfill Brooklyn deal

More than a decade has passed since Barclays Center developer Bruce Ratner signed the Atlantic Yards “Community Benefits Agreement” that Michael West believed would generate jobs and help small businesses prosper in Brooklyn’s African-American ...
Posted: February 12, 2016, 3:19 pm
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