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 © AP Photo/Jennifer Graylock |
#56 Preston Robert Tisch
Net Worth: $3.9 billion
Source: Investments, Loews
Self made
Age: 79
Marital Status: Married, 3 children
Hometown: New York, NY
Education: University of Michigan, Bachelor of Arts / Science
Surviving brother of famed investor Laurence Tisch (d. 2003). Brooklyn-born siblings started in real estate: bought New Jersey hotel in 1946, started leasing hotels in Atlantic City. Later owned NYC's Drake, Belmont Plaza, Regency. Took control of Loews Theatres 1959; diversified interests now include insurance (CNA Financial), watches (Bulova), oil drilling (Diamond Offshore Drilling), tobacco (Lorillard). Larry long known for bearish pessimism, informal but tightfisted management style. Still a family business: Larry's son James now commands Loews Corp.; Preston's son Jonathan heads Loews Hotels. Onetime Postmaster General of the U.S., co-owner New York Giants pro football franchise. Family donations to NYU exceed $100 million.
Distribution of the Forbes 400 by U.S. State
Diameter of disc reflects size of fortune. The red disc indicates Preston Robert Tisch
See distribution of Forbes 400 since 1996
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