Owner of Turnbull & Asser and Savile Row Society and, along with his brother Mohamed al Fayed, a stake in Harrods department store in London. Strauss Zelnick is 63, he's been the Independent Director of Starwood Property Trust since 2009. The seven-bedroom home sold for $8.6 million, down slightly from its original listing of $8.85 million in April 2015. And the market for luxury homes is massively in favor of those looking to buy. Strauss Zelnick founded ZMC in 2001. We are having some technical difficulties. Julia B. The 1939 six-bedroom colonial sits on two acres. President of Bertelsmann Music Group Entertainment (1994-2001). Houlihan Lawrence brokered the deal. He was convicted by a Manhattan jury in 2015 of fraud in connection with a Ponzi scheme that bilked investors out of nearly $40 million. In October, after five price reductions, Pandit sold his Pecksland Road house in Greenwich for $2.7 million, down 37 percent from the $4.3 million he asked for the house when he first listed the property in April 2012. Mr. Zelnick served as President and Chief Executive Officer of BMG Entertainment’s North American business unit from 1995 to 1998. [9] He founded it in 2001 with a starting capital of US$300,000. Necessary cookies are absolutely essential for the website to function properly. It took three price cuts totaling $2.6 million for Hussah Princess Abdulaziz to sell her Greenwich house. Related Articles. The seller was Oliver Stanton, co-owner of Trammo, a commodities trading company headquartered at 1 Rockefeller Plaza. The price was 45 percent below its original $12.95 million listing in 2009 and followed two reductions. Read on to see how the effects of the softening luxury market cut both ways for titans of industry. He continues to be wedded to Wendy Belzberg since January 1990. These cookies will be stored in your browser only with your consent. SHARE.

Last September, the estate of the princess sold her 12,600-square-foot colonial in Greenwich for $5.6 million. A prolific angel investor, he also has stakes in dozens of other internet-based companies. Round-up of top news and topics for each of the following cities: Editorially-curated headlines and news to know for the following areas: The numbers behind office leases, retail, sales and financing. The most active insiders traders include Barry S Sternlicht, Strauss Zelnick y Andrew Jay Sossen. The 7,106-square-foot house backs onto the 300-acre Babcock Preserve. Mr. Zelnick currently represents ZMC on the Boards of Alloy Media Investments, L.L.C. Berkshire Hathaway HomeServices New England Properties brokered the sale. Strauss has made over 35 trades of the Starwood Property Trust stock since 2011, according to the Form 4 filled with the SEC. It is mandatory to procure user consent prior to running these cookies on your website. Neumann and his wife, Rebekah Paltrow Neumann, bought a 60-acre estate in Westchester’s Pound Ridge last January from former Simon & Schuster publishing executive Dick Snyder. Built in 1936, the 8,160 square-foot fieldstone mansion has six bedrooms, an Olympic-sized swimming pool, tennis court, formal gardens, carriage house and stable. Dating from 1929, the 61-acre property boasts a 13,700-square-foot main house, a stable, riding ring, pool and tennis court and, if that’s not bucolic enough, borders a 4,400-acre nature preserve. Eskandar, who was ranked 33 on Institutional Investor’s 2016 list of top trading technology luminaries, paid $4.1 million in December for a new, seven-bedroom house in Greenwich. [14] Strauss Zelnick married Wendy J. Belzberg (the daughter of Samuel Belzberg) in January 1990; their engagement was announced by Belzberg's parents in December 1989. Houlihan Lawrence was the broker. The same is true in neighboring Fairfi eld, where average luxury prices were down 13.8 percent year over year in the third quarter, according to the Douglas Elliman report. In June, Zelnick, the former CEO of BMG Entertainment, had sold his McLain Street home in Bedford for $4.95 million; he bought the property in 1995. November 27, 2017. tweet; Previous article Junior Seau Net Worth. They took $4.46 million for the home, down slightly from the original asking price of $4.795 million. The price was 45 percent below its original $12.95 million listing in 2009 and followed two reductions. Try again later. Weakness in the top tiers of real estate means a bonanza for big-name buyers, but trying times for normally high-flying sellers. Most recently he sold 35,000 units of STWD stock worth $6,075,300 on 19 August 2020. The house, built in 1906, is on 10 acres and has a pool, tennis court and 11 bathrooms.

Douglas Elliman brokered the deal. Co-founder of workspace-sharing company WeWork. Yavonditte sold his first company, Quigo, to AOL in 2007 for $340 million. The Real Estate Property segment consists of acquisition and managing equity interests in stabilized commercial real estate properties, such as multi-family properties, that are held for investment. The estimated Net Worth of Strauss Zelnick is at least $204 Millón dollars as of 19 August 2020. Harry Strauss Zelnick (born June 26, 1957) is an American businessman. In addition, he makes $259,435 as Independent Director at Starwood Property Trust. Yavonditte picked up a five-bedroom Georgian house on two acres in Greenwich last spring for $3.62 million, down from the $3.72 million it was first listed at in January. The largest trade he's ever made was exercising 2,009,075 units of Starwood Property Trust stock on 18 February 2014 worth over $29,613,766.

Mr. Zelnick currently represents ZMC as a director of Education Networks of America, Inc. Spouse (1) Wendy Belzberg (January 1990 - present) ( 3 children) Trivia (1) President of 20th Century Fox (1989-1993).

Last June, Price scored a discount on a 13-room waterfront estate on the Long Island Sound in Westchester’s Rye for $21.15 million, down from its $25 million October 2015 listing. “These properties don’t sell unless [sellers] give large discounts,” he said. [2][4][5] Strauss Zelnick graduated from Columbia High School in 1975 and studied psychology and English at Wesleyan University from 1975 until 1979, obtaining a Bachelor of Arts degree with honors. Average luxury prices in Westchester were down 6.9 percent in the third quarter year over year, landing at $2,434,731, and listings lingered on the market longer than in the previous year while the percentage of price cuts was up, according to a Douglas Elliman report by real estate consulting fi rm Miller Samuel. Mr. Zelnick has a long history of leading media and communications enterprises and is deeply involved in originating investments, advising executives and guiding the strategic and operational initiatives across all portfolio company investments. But what we know is that he owns 3.15 million Take-two shares which is equal to $420.46 million this time. Over the last 11 years, insiders at Starwood Property Trust have traded over $4,504,106 worth of Starwood Property Trust stock and bought 304,490 units worth $3,767,000 Mr. Zelnick owns over 35,000 units of Starwood Property Trust stock worth over $1,147,583 and over the last 13 years he sold STWD stock worth over $202,639,459. Ali al Fayed, Before joining BMG Entertainment, Mr. Zelnick was President and Chief Executive Officer of Crystal Dynamics, a producer and distributor of interactive entertainment software. Facebook. On average, Starwood Property Trust executives and independent directors trade stock every 72 days with the average trade being worth of $544,176. Forbes estimates Neumann’s net worth at $2.4 billion. Editor’s note: An earlier version of this article incorrectly stated that Hussah Princess Abdulaziz rather than the estate of Hussah Princess Abdulaziz was the seller of a home in Greenwich. [2][13]:204, "CBS' New Board Chief Is 60 and Has 8 Percent Body Fat", "Harry Strauss Zelnick from Columbia High School", "Alumni and Faculty Books for December 2018", "E3 perspective: Q&A with Chairman Strauss Zelnick on the future of Take-Two Interactive", "CEOs Who Make One Dollar (Or Less) A Year", "This non-gamer runs one of the world's biggest video game companies", https://en.wikipedia.org/w/index.php?title=Strauss_Zelnick&oldid=973050175#Career, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License, This page was last edited on 15 August 2020, at 03:13. He is the founder, chief executive officer (CEO) and managing partner of private equity firm ZMC, the chairman and CEO of video game company Take-Two Interactive, and the former chairman of media conglomerate CBS Corporation. Prior to forming ZMC in 2001, Mr. Zelnick was President and Chief Executive Officer of BMG Entertainment, a music and entertainment company, from 1998 to 2000. Former Citigroup CEO Vikram Pandit (inset) sold his home for 37 percent less than the original asking price. Among other things, the estate has a pool and guest quarters, as well as a dog room complete with bath. Twitter. Co-founder of the trading platform Liquidnet and now CEO of trading management system Portware. By clicking Subscribe you agree to our Privacy Policy. There were more home sales overall in the third quarter than in any other quarter in 35 years, but most of the activity was in the entry and middle sections of the market, refl ecting similar conditions in other high priced U.S. housing markets such as San Francisco and Los Angeles, said Jonathan Miller, president of Miller Samuel.

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WeWork’s sites are home to hundreds of tech and other startups in 19 U.S. cities and 13 other countries. Strauss has made over 35 trades of the Starwood Property Trust stock since 2011, according to the Form 4 filled with the SEC. These cookies do not store any personal information. The broker was Centric Property Group. Michael Yavonditte, Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Hasselbeck and her sports commentator husband, Tim, also had to accept a bit less than they wanted for their 7,600-square-foot colonial in Greenwich, which has a pool and sits on 1.5 acres of land. Sotheby’s International Realty brokered the deal. Dan Ginnel of Ginnel Real Estate brokered the off-market deal.

Last updated: 1 October 2020 at 4:12pm EST. [7] Zelnick simultaneously enrolled at Harvard Business School and Harvard Law School in 1979, obtaining a Master of Business Administration degree from the former in 1982 and a Juris Doctor from the latter the year after.

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