Howard Milstein, a prominent American businessman, is widely recognized for his exceptional achievements in the banking industry and his philanthropic endeavors.
This article will delve into Howard Milstein net worth, his notable contributions, and his impact on various sectors.
Quick Facts
| Biography | Details |
| Full Name | Howard Milstein |
| Gender | Male |
| Birth Date | May 15, 1951 (zodiac sign: Taurus) |
| Age | 72 |
| Parents | Paul Milstein |
| Siblings | Philip and Constance |
| Birth Place | United States |
| Nationality | American |
| Education | B.A. in economics from Cornell University<br>JD/MBA from Harvard University |
| Marital Status | Married |
| Wife/Spouse | Abby Milstein |
| Net Worth | $5 billion |
| Source of Wealth | Real estate, banking, hospitality, marketing, finance, sports properties, technology |
What is Howard Milstein Net Worth and Salary in 2023?
With a net worth of $5 billion, Howard Milstein has amassed significant wealth through his successful ventures in real estate, banking, hospitality, marketing, finance, sports properties, and technology.
As the primary figure in a third-generation real estate empire, he has played a pivotal role in expanding the family’s wealth.
Additionally, as the Chairman, President, and CEO of New York Private Bank & Trust and Emigrant Bank, he has further solidified his financial standing.
Why is Howard Milstein Famous?
Howard Milstein gained fame and recognition through his remarkable achievements as a businessman. With his leadership role in New York Private Bank & Trust, he has established himself as a respected figure in the finance sector.
Moreover, Milstein’s philanthropic endeavors and contributions to various charitable causes have further elevated his public profile and made him a well-known name in the philanthropy community.
Howard Milstein Overview
Early Life
Born on May 15, 1951, in the United States, Howard Milstein hails from a family with a rich entrepreneurial background. His father, Paul Milstein, was a prominent real estate developer, and his mother, Irma Milstein, played an influential role in shaping his values and aspirations.
Howard Milstein graduated from Cornell University with a B.A. in economics in 1973. He later pursued a JD/MBA program at Harvard University, further enhancing his knowledge and skills.
Career and Awards
Howard Milstein is a renowned American entrepreneur, financier, real estate developer, and philanthropist. He has made significant strides in various sectors, including real estate, banking, hospitality, marketing, finance, sports properties, and technology.
His career began at the investment bank Warburg Paribas Becker. He currently serves as the chairman, president, and chief executive officer of New York Private Bank & Trust and its operating bank, Emigrant Bank, which is the largest privately-owned, family-run bank in the country.
In addition to his banking ventures, Milstein is also the founding chairman of the merchant bank FriedbergMilstein. He has led successful businesses across a range of sectors, including real estate, banking, hospitality, marketing, finance, sports properties, and technology.
He was also the chairman of the New York State Thruway Authority until November 2014 and led the procurement process for the replacement of the Tappan Zee Bridge.
In the late 1980s, Milstein, along with his brother Edward, worked with their father on numerous building projects in Manhattan. The Milstein family acquired Douglas Elliman-Gibbons & Ives real estate brokerage, where Milstein served as its chairman for ten years until the business was sold.
In 1986, he started Liberty Cable as an alternative telecommunications supplier for the Milford Plaza Hotel.
In 2014, Milstein partnered with his son, Michael, to create Grand Central Tech, a tech incubator and accelerator, with the goal of being a catalyst for the creation of an ecosystem for startup companies in New York City.
This initiative was further expanded in 2018 with the launch of Company, a technology campus in midtown with 1 million square feet of office space redesigned for and dedicated to technology companies seeking to attract innovators and millennial talent.
Milstein’s career also extends to academia. He taught a graduate course in real estate development in the School of Architecture, Art, and Planning at Cornell University as a visiting professor in 1986.
He was a founding member of the Cornell Club in New York City and developed the degree-granting program in real estate. He also founded the annual Cornell Real Estate Conference event, bringing back to campus hundreds of real estate executives from all over the country.
In the realm of philanthropy, Milstein runs the Howard and Abby Milstein Foundation with his wife, focusing on initiatives such as global health, national security, education, and economic prosperity. They have committed to donate $8 million to the New York Public Library.
Milstein also serves as the Chairman of the Board of the American Skin Association and serves on the Board of the Nicklaus Children’s Health Care Foundation.
He is former Chairman of the New York Blood Center and the Jones Foundation for Reproductive Medicine. Milstein is on the board of the National September 11 Memorial Foundation.
Milstein helped fund the building of the Paul Milstein Building for the College of Architecture, Art and Planning, dedicated in 2007
Throughout his career, Milstein has received several accolades, including the Insignia of Chevalier in the Legion of Honor—the French Legion of Honor in April 2014, and Entrepreneur of the Year by Cornell University in 2008.
His leadership role in advancing the replacement of the Tappan Zee Bridge earned him the Regional Plan Association’s Lifetime Achievement Award in 2013.
Personal Life
Howard Milstein is happily married to Elizabeth Milstein. The couple has three sons together, named Michael, Andrew, and Daniel Milstein. Milstein’s family plays a significant role in his life, and he values their support and companionship immensely.
Social Media Accounts
As of now, there is no information available about Howard Milstein’s social media accounts.
FAQs about Howard Milstein
What is Howard Milstein’s main source of wealth?
Howard Milstein’s main source of wealth is his business ventures and investments in various industries.
Is Howard Milstein involved in philanthropic activities?
Yes, Howard Milstein is actively involved in philanthropic activities and has made significant contributions to various charitable causes.
Who owns Milstein properties?
Milstein properties are currently owned and managed by siblings Philip and Constance Milstein.
What is Howard Milstein’s role in Emigrant Bank?
Howard Milstein serves as the Chairman, President, and CEO of New York Private Bank & Trust, the bank holding company for Emigrant Bank.
Conclusion
In conclusion, Howard Milstein is an accomplished businessman and philanthropist with a remarkable net worth of $5 billion. His successful business ventures, strategic investments, and dedication to philanthropy have solidified his position as one of the wealthiest individuals in the United States.
With his ongoing contributions to society and continued business pursuits, Howard Milstein’s net worth is expected to grow even further in the future. Thank you for reading.
Read more: Peter Cruddas Net Worth
