Mort Zuckerman Net Worth & Biography
|Popular Name:||Mort Zuckerman|
|Real Name:||Mortimer Benjamin Zuckerman|
|Birth Date:||June 4, 1937|
|Birth Place:||Montreal, Canada|
|Spouse(s):||Marla Prather (m. 1996; div. 2001)|
|Profession:||Businessman, Entrepreneur, Media Proprietor, Magazine Editor, Investor|
|Net Worth:||$3 Billion|
Publishing and real estate mogul Mort Zuckerman is listed by Forbes magazine as one of the world’s wealthiest people. He was born to a Jewish family on June 4, 1937 in Montreal, Quebec, Canada. He earned his B.A. in 1957 and BCL in 1961 at McGill University but did not take the bar exam. He later earned his M.B.A. in 1961 with a distinction of honor at the University of Pennsylvania’s Wharton School before receiving an LL.M. degree from Harvard Law School the following year. Mort worked at Harvard Business School as an associate professor for nine years and has also lectured at Yale University. Likewise, has worked for seven years at the real estate firm Cabot, Cabot & Forbes. He also purchased the literary magazine The Atlantic Monthly in the year 1980 and led the establishment as its chairman from 1980 to 1999, eventually selling the magazine to David G. Bradley for $12 million in 1999. Mort Zuckerman is a frequent commentator on world affairs. He bought United States News & World Report in the year 1984 and has continued to serve as its editor-in-chief to this day. He has appeared on The McLaughlin Group and MSNBC and also writes columns for the New York Daily News and United States News & World Report. In 2008, he backed Barack Obama during the presidential election and then supported Mitt Romney in 2012. There’s a lot to see from the life story and career endeavors of this Canadian-American billionaire, and using this article, we have brought all that you probably never knew about him to light. Find more details below.
Early Life: Childhood, Education
This media proprietor and magazine editor was born Mortimer Benjamin Zuckerman on June 4, 1937 in Canada into the Jewish family of Abraham and Esther Zuckerman, who owned and managed a candy and tobacco store.
At the age of 16, Mort Zuckerman entered McGill University and graduated from the reputed institution with a BA in 1957 and a BCL That same year, he got into the University of Pennsylvania’s Wharton School where he bagged his MBA degree with a distinction of honor. He later received an LLM degree from Harvard Law School.
Professional Life: Business career
After graduating from Harvard Business School, Zuckerman remained at the institution to work as an associate professor. He spent 9 years doing that job. He went on to also teach at Yale University before joining the real estate firm Cabot, Cabot & Forbes where he spent seven years and even rose through the ranks to become the firm’s chief financial officer and senior vice president.
In 1980, using the proceeds he had made from doing various jobs, Mort acquired the literary magazine The Atlantic Monthly and led the business as chairman for nineteen long years from 1980 to 1999. He sold the magazine in 1990 to David G. Bradley for 12 million dollars.
In 1984 when he still owned the Atlantic Monthly, Mr. Zuckerman paid to acquire the United States News & World Report. To this day, he still serves as the editor-in-chief of the magazine.
In 1993, he purchased the paper New York Daily News, which he managed until 2017 when he sold it to Tronc.
He is the co-founder, executive chair and former chief executive officer of Boston Properties, one of the biggest real estate investment trusts in the United States. Boston was founded by Mort Zuckerman and Edward Linde in Boston, Massachusetts in the year 1970.
Personal Life: Wife, Children, Private Interests
In 1996, Mort Zuckerman married Marla Prather. She worked as a curator of the National Gallery of Art. Their union ended in 2001 by divorce.
He became a citizen of the United States in 1977.
His properties include houses in Aspen, Colorado, New York City, and East Hampton, New York. He owns a 166-foot Oceanco Yacht which he keeps for his leisure. For transportation, he purchased a Gulfstream G550 after ditching a Falcon 900 corporate jet he previously owned.
Mort Zuckerman Net Worth: Salary, Income Sources, Assets
Mr. Mort Zuckerman’s net worth is roughly $3 billion as per reports published by Forbes magazine. He is a Canadian-born American media proprietor and real estate tycoon who has earned the bulk of his wealth through his years in real estate and in publishing
Mort rose to prominence as the co-founder, chief executive officer, and chairman of Boston Properties, a real estate investment trust that is regarded as one of the largest in the United States. He is known for his flamboyant lifestyle, and for his numerous extravagant possessions that include expensive mansions, vehicles, a private jet, and a 166-foot yacht. He is noted as one of the richest Canadians alive, and the size of his fortune also makes him eligible to be listed as one of the world’s wealthiest media proprietors.