Leonard Stern Net Worth is$4.2 B
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Ethnicity: Jewshttp://www.jpost.com/JewishWorld/JewishFeatures/Article.aspx?id
Birth Date: 1938/3/28
Birth Place: New York City, New York
Known For: Businessman
Occupation: Chairman and CEO of The Hartz Group
Nationality: United States,
Leonard Norman Stern (born March 28, 1938) is an American businessman and real estate developer.
He is the Chairman and CEO of the privately owned Hartz Group based in New York City. The company's real estate portfolio was owned and operated under its Hartz Mountain Industries subsidiary company, of which he also serves as Chairman and CEO.
Based in Secaucus, NJ, Hartz Mountain Industries has added property in Manhattan, Westchester, NY, Long Island, NY, and Maryland. In addition to its property operations through its 'Industries' subsidiary, The Hartz Group has an active and growing financial operation.
He is listed by Forbes magazine as a billionaire; and New York University's business school is named after him.
Stern's initial wealth was inherited from his father, Max Stern, who died in 1982. Max Stern was the German-born vice-chairman of the Board of Trustees of Yeshiva University for whom its Stern College for Women was named. He had emigrated from Weimar Germany to the U.S. in the 1920s after his textile business proved unprofitable, bringing along 2,100 canaries from Germany to sell on the U.S. market. By selling caged birds, bird cages and other pet bird supplies to U.S. pet owners through Woolworth's stores over the next thirty years, Stern's father built up the family business: Hartz Mountain Corporation (HMC), also headquartered in Secaucus, NJ. HMC would later grow to become the flagship subsidiary of The Hartz Group. The business was named after the Harz Mountains of Germany.
Leonard Stern graduated from New York University (NYU) in 1957, purchased his brother's and sister's share of the family business and, by the early 1960s, exercised absolute control of Hartz Mountain Corporation (HMC). Hartz Mountain Corporation then began to capture the pet supply market that catered to both dog and cat owners and parakeet and canary owners.
By 1984, Hartz Mountain Corporation (HMC) controlled 75% to 90% of the U.S. market for most U.S. pet suppl

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Posted: November 25, 2018, 7:31 pm
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