Douglas Durst Net Worth

What is Douglas Durst’s Net Worth?

Douglas Durst, an American real estate investor and developer, has a net worth of $4.4 billion. As the president of the Durst Organization, a family-run real estate company, Durst oversees the management of millions of square feet of office space and luxury rentals in New York City.

Highlights

• Douglas Durst’s net worth is $4.4 billion.
• He is the president of the Durst Organization, one of the oldest family-run real estate companies in New York City.
• The Durst Organization owns and manages numerous iconic buildings in New York, including 4 Times Square and One Bryant Park.
• Durst is actively involved in philanthropy and environmentalism, serving as a director for various nonprofits.
• He owns and operates McEnroe Farm, one of the largest organic farms in New York State.

Early Life

Douglas Durst was born on December 19, 1944, in New York City to Jewish parents Seymour and Bernice. He had an older brother, Robert, with whom he had a tumultuous relationship. Durst attended the Fieldston School and later the University of California, Berkeley. He then transferred to New York University for two years.

Career

In 1992, Douglas Durst took over the Durst Organization from his father. The company, founded by his grandfather Joseph Durst in 1915, is known for its extensive real estate portfolio in New York City. As the president of the Durst Organization, Durst has overseen the development of several notable buildings, including 4 Times Square, the Bank of America Tower, and One World Trade Center.

Personal Life

In 1967, Durst married Susanne, a Danish national whom he had met in Denmark. They have three children named Anita, Alexander, and Helena. Anita is the founder of chashama, a non-profit arts organization, while Alexander and Helena both hold vice president positions at the Durst Organization. Helena also serves as the president of New York Water Taxi and Circle Line Downtown.

Net Worth Over Time

Douglas Durst’s net worth has seen considerable growth over the years. With his leadership and successful real estate ventures, he has accumulated a significant fortune. As of now, his net worth stands at $4.4 billion.

Components of Net Worth

Douglas Durst’s net worth primarily comes from his real estate investments and business ventures. The Durst Organization, under his leadership, owns and manages millions of square feet of prime New York City real estate. Additionally, Durst’s involvement in philanthropy and environmentalism, as well as his ownership of the McEnroe Farm, contribute to his overall net worth.

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