Ben Ashkenazy Explained

Ben Ashkenazy
Birth Date:[1]
Birth Place:Israel
Nationality:American
Alma Mater:Adelphi University (did not graduate)
Occupation:Businessman
Known For:Founder, CEO and majority owner of Ashkenazy Acquisition Corporation
Spouse:Debra Ashkenazy
Children:3

Ben Ashkenazy (born 1968/69) is an American billionaire real estate developer. He is the founder, CEO, and majority owner of Ashkenazy Acquisition Corporation, which has a $12 billion property portfolio. As of February 2024, his net worth was estimated at US$2.6 billion.[1]

Early life

Ashkenazy was born in Israel, and grew up in Lawrence, Long Island, New York, the son of Izzy Ashkenazy, also a real estate businessman.[2] [3] He is of Jewish descent.[4]

Career

Ashkenazy bought his first property at the age of 18.[2] [3] He attended night classes at Adelphi University, but did not graduate.[2]

In 1987, he founded Ashkenazy Acquisition Corporation.[2]

In 2013, his company bought London's Old Spitalfields Market, but later sold it.[3] In July 2017, the company bought London's Grosvenor House Hotel for about $750 million.[3]

His company holds a long-term lease agreement with the City of Boston for Boston's Faneuil Hall Marketplace, leases Washington DC's Union Station, and has a $70 million stake in New York's Plaza Hotel.[3] [5]

In November 2019, his company purchased the 83,923-square-foot Ferndale Shopping Center in Larchmont for a price exceeding $35 million.[6]

Personal life

He is married to Debra Ashkenazy, they have three children, and live on New York City's Fifth Avenue.[1] [5] [7]

He hired rapper Drake to perform at his daughter's bat mitzvah in the Rainbow Room.[1] [3]

Ashkenazy is a minority owner of Euroleague Basketball club Maccabi Tel Aviv B.C.

Notes and References

  1. Web site: Forbes profile: Ben Ashkenazy. Forbes. February 6, 2024.
  2. Web site: Ben Ashkenazy. December 27, 2017. December 28, 2017. https://web.archive.org/web/20171228135306/https://therealdeal.com/new-research/topics/people/ben-ashkenazy/. dead.
  3. News: New York's Plaza Hotel Is in the Sights of This Shy Billionaire. Bloomberg . September 14, 2017. December 27, 2017. www.bloomberg.com.
  4. Web site: The World's Jewish Billionaires . Forbes Israel. February 2, 2023 .
  5. Web site: Does Ashkenazy have an inside track at the Plaza?. December 27, 2017.
  6. Web site: Ashkenazy buys Ferndale Shopping Center; second in Westchester in two weeks. Katz. Peter. November 19, 2019. Westfair Communications. en-US. March 24, 2020.
  7. Web site: Who's the Boss?. December 3, 2002 . December 27, 2017.