How to contact Sam Zell? Sam Zell Contact Address, Email ID, Website, Phone Number, Fanmail Address
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Samuel Zell (born Shmuel Zielonka on September 28, 1941) is an American businessman and philanthropist who is worth a billion dollars. In 1968, Zell formed and served as chairman of Equity Group Investments, a private investment business that he had worked for as a lawyer. The business invests opportunistically in a variety of sectors and regions, as well as across all levels of the capital structure. His financial interests in and chairmanship of several public companies listed on the New York Stock Exchange include:
Equity Residential (EQR), Equity LifeStyle Properties (ELS), Equity Commonwealth (EQC), Covanta Holding Corp. (CVA), and Anixter. He also serves on the boards of directors of several private companies. The Forbes magazine estimates that Zell will have a net worth of US$6.0 billion by the end of October 2021. With a net worth of $4.4 billion, according to Bloomberg, Zell is the 397th wealthiest person in the planet.
Zell was born on September 28, 1941, in Chicago, Illinois, to a household of Jewish parents. His parents, Ruchla and Berek Zielonka, were Jewish immigrants from Poland, where his father had been a prosperous grain dealer. He was born in New York City and raised in New York City. In the company of their small daughter, Leah, they travelled to the United States through Tokyo. His parents changed their first and last names shortly after settling in the United States, becoming Rochelle and Bernard Zell.
They subsequently relocated from Seattle to Chicago’s Albany Park area, where his father worked as a jewellery distributor for a number of years. When he was twelve years old, his family relocated to Highland Park, Illinois, where he attended Highland Park High School before graduating. At the University of Michigan, where he was also a member of the Alpha Epsilon Pi fraternity, Sam graduated with a bachelor’s degree in biology in 1963.
While still in school, Zell began working in the real estate industry, managing a 15-unit apartment complex in exchange for free room and board. He quickly rose up the ranks and began managing the owner’s other properties. By the time he graduated, that business was bringing in $150,000. In collaboration with his fraternity brother, the late Robert H.
Lurie, he was successful in procuring an apartment construction contract with a significant property owner in Ann Arbor who was pleased with Zell’s understanding of what students want. His partnership with Lurie had grown to manage over 4,000 apartments and own 100–200 units entirely by the time he graduated with a Juris Doctorate from the University of Michigan Law School in 1966. After graduating from college, he sold his investment in the management firm to Lurie and relocated to the Windy City.
In the weeks after graduation, Zell worked as a lawyer for one week before concluding that the legal field was not for him. One of Zell’s senior partners, who respected his entrepreneurial spirit, agreed to make a joint investment with him, allowing Zell to acquire an apartment complex in Toledo. Among the properties Zell acquired were Arlington Towers, a collection of apartment complexes in Reno, Nevada. On January 1, 1968, Zell co-founded the forerunner of Equity Group Investments with his previous business colleague Robert H. Lurie, who joined the company a year later. Together, they were able to expand the little company into a massive operation that lasted until Lurie’s death in 1990.
As a result of its founding, Equity Group Investments has grown into three of the largest public real estate corporations in history: Equity Residential, which is the largest apartment owner in the United States; Equity Office Properties Trust, which is the largest office owner in the country; and Equity Lifestyle Properties, which is an owner/operator of manufactured home and resort communities. As a result of the company’s first public offering in the 1990s, Zell was widely regarded as a founding father of the contemporary real estate business.
Equity Office was purchased by The Blackstone Group for $36 billion in 2006, making it the biggest leveraged buyout transaction in history at the time. After that, Blackstone sold a large number of the portfolio’s properties for record prices. By the beginning of 2009, the majority of the properties sold were “under water” (worth less than the mortgage).
Among the companies held by Zell associates were the Schwinn Bicycle Business, the pharmacy chain Revco, the department store chain Broadway Stores, the energy company Santa Fe Energy Resources, and the mattress manufacturer Sealy. Zell acquired control of Itel Corporation in 1985.
In the years 1992 to 1999, Zell’s Chillmark fund was the majority shareholder in Jacor Communications, Inc., a successful radio broadcast company that also owned a TV station. In 1999, the firm was sold to Clear Channel Communications for an undisclosed sum. Announcing its acceptance of Zell’s offer to sponsor the going-private transaction of the Chicago Tribune, the Los Angeles Times, and the company’s other media assets on April 2, 2007, the Tribune Company announced its acceptance of Zell’s offer on April 2, 2007. Zell took the firm private on December 20, 2007, and the following day, he was appointed chairman and CEO of the corporation.
He also sold the Chicago Cubs as well as the company’s 25 percent stake in Comcast SportsNet Chicago, which he founded. The Tribune Company filed for chapter 11 bankruptcy restructuring in December 2008, under the weight of debt accrued as a result of Zell’s leveraged takeover and in the backdrop of the unforeseen severity of the Great Recession.
In January 2008, Zell purchased a majority interest in the Tribune Company, which is the parent company of the Chicago Tribune and many other newspapers. His choice to appoint Randy Michaels as general manager was only one of numerous decisions that were roundly condemned by the company’s workers. Michaels not only created a toxic atmosphere, but he also fired numerous workers while paying substantial incentives to the company’s leaders.
Only a year after Zell purchased the firm, it filed for bankruptcy, citing $7.6 billion in assets against a $13 billion in debt, making it the greatest bankruptcy in the history of the American media industry. Zell was forced to liquidate the company. Since the acquisition, more than 4,200 individuals have lost their employment, and resources for the Tribune newspapers and television stations have been significantly reduced.”
Zell and his wife, Helen, are philanthropists who devote a significant portion of their resources to education and the arts. The University of Michigan’s Zell Lurie Institute for Entrepreneurial Studies and the Master of Fine Arts Creative Writing Program, Northwestern University’s Kellogg School Zell Center for Risk Research and the Zell Scholar Program, the University of Pennsylvania Wharton School’s Zell/Lurie Real Estate Center, the Museum of Contemporary Art, and the Chicago Symphony Orchestra are among the public beneficiaries of the foundation.
According to The Forward, Zell is also a “significant contributor to charities in Israel.” Included in his charitable contributions are a $3.1 million gift to the Herzliya Interdisciplinary Center in Israel, as well as separate contributions to the Israel Center for Social and Economic Progress, a free market oriented Israeli think tank created by Daniel Doron.
The Bernard Zell Anshe Emet Day School in Chicago, named after his father, is one of his largest charitable contributions in the United States. He has made significant contributions to Jewish charities across the world, including the American Jewish Committee. Rochelle Zell Jewish High School, named after Zell’s mother, will be established at Chicagoland Jewish High School thanks to a gift from Zell.
In a scathing June 2008 opinion piece for The Washington Post titled “The L.A. Times’ Human Wrecking Ball,” veteran Los Angeles-based editor and columnist Harold Meyerson blasted Zell for “taking bean counting to a whole new level,” claiming that “he’s well on his way to… destroying the L.A. Times.”
Meyerson also blasted Zell for “taking bean counting to a whole new level,” claiming that “he’s well on his way Meyerson closed his essay by comparing Zell to James McNamara, who was sentenced to life in prison for the infamous 1910 Los Angeles Times explosion (in which 21 workers were murdered), and stating that “Life in San Quentin seems about appropriate” for Zell based on their comparison.
A proposal to sell the Chicago Cubs and Wrigley Field separately was confirmed by Zell in 2008, with the goal of increasing profit margins. He also said that he would be interested in selling the name rights to Wrigley Field. As a result of these statements, a survey conducted by the Chicago Sun-Times found that 53 percent of 2,000 persons who responded stated they would no longer attend Cubs games if Wrigley Field were renamed after a former Chicago Cub.
Sam Zell Fan Mail address:
(1)Full Name: Sam Zell
(2)Nickname: Sam Zell
(3)Born: 28 September 1941 (age 80 years), Chicago, Illinois, United States
(4)Father: Bernard Zell
(5)Mother: Rochelle Zell
(6)Sister: Not Available
(7)Brother: Not Available
(8)Marital Status: Married
(10)Birth Sign: Libra
(12)Religion: Not Available
(13)Height: 5ft 5 inches
(14)School: Not Available
(15)Highest Qualifications: Not Available
(16)Hobbies: Not Available
(17)Address: Chicago, Illinois, United States
(18)Contact Number: Not Available
(19)Email ID: Not Available
(23)Youtube Channel: NA