Saul Katz
| Saul B. Katz | |
|---|---|
| Born | 1939 (age 76–77) |
| Education | B.A. Brooklyn College |
| Occupation | real estate developer |
| Known for |
co-founder of Sterling Equities President of the New York Mets |
| Spouse(s) | Iris Wilpon |
| Children |
Heather Katz Knopf Natalie Katz O’Brien David M. Katz |
| Family | Fred Wilpon (brother-in-law) |
Saul Katz (born 1939) is the President of the New York Mets.
Biography
Born to a Jewish family[1][2][3] in Brooklyn[4] he graduated from Brooklyn College in 1960[5] with a degree in accounting. In 1972, he cofounded Sterling Equities, a commercial real estate development company, with his brother-in-law Fred Wilpon.[6] They built a development of townhouses in Tarrytown, a suburb in Westchester County which was very successful.[7] Seeking to minimize their tax obligations, they purchased real estate throughout the country that had favorable tax treatment[7] which turned out to be a boon since they were unknowingly buying property at the bottom of the market.[7] In addition, he serves as the President of the Brooklyn Cyclones, a Mets minor league affiliate.[8]
Entities and individuals affiliated with Katz and Wilpon received $300 million in respect of investments in the Bernard Madoff Ponzi scheme.[9] Wilpon and Katz "categorically reject[ed]" the charge that they "ignored warning signs" about Madoff's fraud.[10]
Personal life
Katz is married to Iris Katz, sister of the Mets managing partner Fred Wilpon.[7] They have three children: Heather Katz Knopf, Natalie Katz O’Brien,[4] and David M. Katz.[11] The Katzes live in Glen Cove, New York and have a winter home in Boca Raton, Florida.[7]
References
- ↑ Record Pilot: "Chabad Bids Shalom...Festival of Lights Illuminates Village Square By Carla Santella December 14, 2007
- ↑ Jewish Foundation for the Righteous: "On Monday, December 1, 2014, the JFR will honor Iris and Saul Katz with the Foundation’s Recognition of Goodness award" retrieved October 24, 2014
- ↑ New York Times: "Paid Notice: Deaths KATZ, ROSE" September 23, 2003
- 1 2 New York Post: "Mets’ owners’ kin made millions from Madoff: suit" By Kathianne Boniello February 6, 2011
- ↑ Brooklyn College Foundation Board of Trustees retrieved October 24, 2014
- ↑ Sports Illustrated: "Pays The Price" by Tom Verducci May 30, 2011
- 1 2 3 4 5 The New Yorker: "Madoff’s Curveball - will Fred Wilpon be forced to sell the Mets?" by Jeffrey Toobin May 30, 2011
- ↑ http://www.brooklyncyclones.com/team/owners/index.html?staff_id=12
- ↑ Belson, Ken; Sandomir, Richard (March 3, 2011). "Cuomo Has Held Talks With Both Sides in Mets Case". The New York Times. Retrieved March 4, 2011.
- ↑ Madoff Trustee: Mets Owners Ignored Ponzi Warning Signs, Chad Bray, The Wall Street Journal, February 4, 2011, Retrieved February 4, 2011.
- ↑ New York Times: "In Real Estate, New Faces, Old Names" By DAVID W. DUNLAP March 20, 1994