Lewis Rudin Explained

Lewis Rudin
Birth Date:April 4, 1927
Birth Place:New York City, US
Death Place:New York City, US
Occupation:Real estate investor and developer
Family:Jack Rudin (brother)
Parents:May Cohen
Samuel Rudin
Spouse:Gladyce Largever (divorced)
Basha Szymanska (divorced)
Rachel Weingarten
Children:2, including Beth Rudin DeWoody
Awards:Bronze Medallion

Lewis Rudin (April 4, 1927 – September 20, 2001) was an American real estate investor and developer. Along with his older brother Jack Rudin, he presided over a family empire of 40 buildings valued at $2 billion including more than 3,500 apartments in 22 buildings in New York City.[1] [2] Rudin was a founder of NADAP, a private nonprofit social services organization that serves residents in need of the New York City metropolitan area. Rudin also contributed to efforts to rescue New York City from imminent bankruptcy during the 1975 New York City fiscal crisis.[3]

Biography

Born to a Jewish family in The Bronx to May (née Cohen) and Samuel Rudin,[4] he graduated from DeWitt Clinton High School in 1944, and the New York University School of Commerce after serving as a sergeant in the Army during World War II. Along with his brother he joined the family real estate holding, Rudin Management Company, which had been founded by his grandfather Louis Rudinsky, a Polish-Jewish immigrant, who initially worked as a grocer [1] before establishing the family's real estate business in the 1920s. In the 1950s and 1960s, the Rudin family was one of the most prolific builders of skyscrapers in Manhattan.[5] In 1975, after the death of his father, Lewis and his brother Jack took over the family company.[6] Jack focused on construction and operations while Lewis focused on financing and marketing.[7] In 1990, the Rudin Management portfolio was valued at $1.5 billion.[8]

His son William and nephew Eric succeeded him running the company. William C. Rudin also became chairman of the Association for a Better New York, founded by his father[9] in 1971. In 2014, he was elected chairman of The Real Estate Roundtable, of which he was a founding member.[10]

The Rudin Center for Transportation Policy & Management at the Robert F. Wagner Graduate School of Public Service is to honor his financial gift to New York University.[11]

Personal life

Rudin was married three times. His first wife was Gladyce Largever.[12] [13] They had two children, Beth Rudin DeWoody (b. 1952) and William Rudin. His ex-wife Gladys remarried to film executive David Begelman.[14] His second wife was Wilhelmina model Basha Szymanska.[15] His third wife and widow was Rachel (Weingarten) Rudin.

Further reading

Notes and References

  1. News: Lewis Rudin, Head of Real Estate Family and a Frequent City Fiscal Savior, Dies at 74 . New York Times . September 21, 2001 .
  2. News: The Real-Estate Royals. End of the Line? . New York Times . August 10, 1997 .
  3. "The Lew Rudin Way", documentary on CUNY's TV channel 75, 7/4/2016, 3:00PM
  4. News: May Rudin, 95, a Philanthropist And New York Real-Estate Owner . New York Times . July 24, 1992 .
  5. http://therealdeal.com/issues_articles/nycs-real-estate-dynasties/ 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
  6. News: Great real estate families . Real Estate Weekly. August 20, 2005 . The Free Library.
  7. https://online.wsj.com/news/articles/SB10001424052702304640104579485840796072468 Wall Street Journal: "How One Family Passes It On, and On...The Rudins' Real Estate Empire Spans Generations" By Sarah Rose
  8. https://www.nytimes.com/1992/07/24/nyregion/may-rudin-95-a-philanthropist-and-new-york-real-estate-owner.html New York Times: "May Rudin, 95, a Philanthropist And New York Real-Estate Owner" By WOLFGANG SAXON
  9. https://www.forbes.com/profile/rudin/?sh=7f5977151467 Rudin Family
  10. https://go.gale.com/ps/i.do?p=AONE&u=googlescholar&id=GALE|A387503199&v=2.1&it=r&sid=sitemap&asid=56a3c3de "Real Estate Roundtable Welcomes New Chairman-Elect, Board and Committee Leadership"
  11. https://wagner.nyu.edu/impact/centers/rudin#:~:text=The%20Rudin%20Center%20was%20named,transportation%2C%20finance%2C%20and%20communications. "RUDIN CENTER FOR TRANSPORTATION POLICY & MANAGEMENT"
  12. https://www.nytimes.com/1986/06/30/obituaries/gladyce-largever-begelman-author-and-party-consultant.html New York Times: "Gladyce Largever Begelman, Author and Party Consultant"
  13. https://www.nytimes.com/1997/08/08/classified/paid-notice-deaths-largever-ida-haimowitz.html New York Times: "Paid Notice: Deaths LARGEVER, IDA (HAIMOWITZ)"
  14. http://articles.chicagotribune.com/1986-06-29/news/8602160307_1_mrs-begelman-scott-newman-foundation-real-estate-executive Los Angeles Times: "Wife Of Film Exec Begelman"
  15. News: Basha Szymanska Wed to Lewis Rudin . The New York Times . 4 January 1973 .