Bernard Saul II Net Worth: $2.6 Billion
| Category | Information |
|---|---|
| Net Worth | $2.6 billion |
| Salary | N/A |
| Birthdate | N/A |
| Birthplace | N/A |
| Gender | N/A |
| Height | N/A |
| Profession | Real Estate Developer, Businessman |
| Nationality | American |
Highlights:
- Bernard Saul II’s net worth is estimated at $2.6 billion.
- He is one of the richest individuals in Maryland.
- Bernard Saul II is a highly successful real estate developer and businessman based in Chevy Chase, Maryland.
- He controls 9 million square feet of real estate in the Washington, D.C. area.
- Owner of the BF Saul Hotel chain, consisting of 3,400 rooms.
- Founder and former owner of Chevy Chase Bank.
- Currently, he retains ownership of Chevy Chase Trust, managing $3 billion in assets.
Early Life:
Bernard Saul II, also known as B. Francis Saul II, was born in an undisclosed location. Unfortunately, details about his birthdate, birthplace, and personal life are not available.
Career:
Bernard Saul II’s career has revolved around real estate development and investments. After graduating from Villanova University, he proceeded to earn a law degree from the University of Maryland. His interest and aptitude for real estate led him to become one of Washington, D.C.’s most successful businessmen.
Over the years, Saul has expanded his real estate empire, currently controlling 9 million square feet of space in Saul Centers, a significant D.C. based real estate company. Additionally, he owns various properties in different states, including Florida, North Carolina, New Jersey, Oklahoma, Delaware, and Georgia.
Not limited to real estate, Saul ventured into the hospitality industry by establishing the BF Saul Hotel chain. With 3,400 rooms under his ownership, he has made a mark in the hotel business.
Furthermore, Bernard Saul II was the founder and former owner of Chevy Chase Bank, which he established in 1969. Notably, in 2009, he sold Chevy Chase Bank to Capital One for a substantial sum of $476 million. Nevertheless, he still retains ownership of Chevy Chase Trust, a financial institution managing assets worth $3 billion.
Personal Life:
Details about Bernard Saul II’s personal life remain undisclosed. There is limited information available regarding his personal interests, relationships, and family background.
Net Worth Over Time:
Bernard Saul II has achieved remarkable success in building his net worth over time. Starting as a real estate developer, he expanded his ventures into banking and the hospitality industry. Through strategic investments and successful business endeavors, Saul’s net worth has grown to a staggering $2.6 billion.
Components of Net Worth:
Bernard Saul II’s net worth primarily stems from his extensive real estate holdings. As the owner of Saul Centers, he controls 9 million square feet of space, providing significant income and asset value. Various properties in multiple states further contribute to his overall net worth.
In addition to real estate, Saul’s net worth is influenced by his ownership of the BF Saul Hotel chain. The chain, consisting of 3,400 rooms, generates substantial revenue and adds to his financial standing.
Saul’s involvement in the banking sector also played a significant role in accumulating wealth. Although he sold Chevy Chase Bank to Capital One for $476 million, his ownership of Chevy Chase Trust, managing $3 billion in assets, continues to contribute to his net worth.
In summary, Bernard Saul II’s diversified business interests have enabled him to accumulate a net worth of $2.6 billion. Through successful real estate investments, ownership of a hotel chain, and involvement in the banking industry, he has solidified his position as one of Maryland’s wealthiest individuals.