Samuel Rudin
Samuel Rudin | |
|---|---|
| Born | 1896 |
| Died | 1975 (aged 78–79) |
| Nationality | American |
| Occupation | real estate developer |
| Known for | founder of Rudin Management Company |
| Spouse | May Cohen |
| Children | Jack Rudin Lewis Rudin |
| Parent | Louis Rudinsky |
| Relatives | Beth Rudin DeWoody (granddaughter) |
Samuel Rudin (1896–1975)[1] was a New York real estate developer and founder of the Rudin Management Company and patriarch of the Rudin family.
Biography
[edit]Rudin was the son of Lithuanian Jewish immigrant Louis Rudinsky, who operated a dry goods store on the Lower East Side.[2] His father made his first real estate purchase in 1905 when he bought a four-story brownstone on 153 East 54th Street.[2] He commanded his sons to never sell the property and to try and purchase all the buildings surrounding it.[3] Samuel Rudin followed his father's edict, and he, along with his brothers, Edward, Henry, and Nathan, purchased most of the surrounding buildings.[4] They continued to add buildings to their portfolio, and in 1925, they founded the Rudin Management Company to handle the management and leasing side of the business.[3] In the 1950s and 1960s, the Rudin family was one of the most prolific builders of skyscrapers in Manhattan.[5] In 1975, his sons Jack and Lewis took over the company.[6] In 1990, fifteen years after his death, the Rudin Management portfolio was valued at $1.5 billion.[7]
Personal life and death
[edit]In 1923, he married May Cohen.[7] They had two children, Jack and Lewis, who took over the family business.[7] Rudin died in 1975.[7] His will established the Samuel and May Rudin Foundation,[7] which focuses on education, social and religious welfare agencies, hospitals, museums, and the performing arts, primarily in Manhattan, where most of the Rudin portfolio was located.[7]
Rudin was an avid long-distance runner,[8] and his family continues to be a major sponsor of the New York City marathon.[9]
References
[edit]- ^ New York City Parks: "The Immigrants" retrieved May 30, 2014
- ^ a b New York Sun: "Old-Line Landlords Decide Now Is the Time To Sell" by MICHAEL STOLER July 7, 2005
- ^ a b Rudin Management Website: "About Us" retrieved May 30, 2014
- ^ New York Sun: "'New York Is a Safe Harbor for Investing, It's a City on the Rise'" By PRANAY GUPTE March 4, 2005
- ^ The Real Deal: "Ranking NYC’s real estate dynasties - TRD breaks down the portfolios and profits of the industry's major families" By Adam Pincus October 01, 2013
- ^ "Great real estate families". Real Estate Weekly. August 20, 2005 – via The Free Library.
- ^ a b c d e f New York Times: "May Rudin, 95, a Philanthropist And New York Real-Estate Owner" By WOLFGANG SAXON July 24, 1992
- ^ New York Road Runners: "Rudin Family, Boston Honored at NYC Finish Line" by Kristine Smith October 30, 2013
- ^ National Medical Fellowships: "NMF Humanitarian Award - Jack Rudin" Archived 2014-05-31 at the Wayback Machine 2013
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