Scott D. Malkin Net Worth
Table of Contents
- Scott D. Malkin Net Worth and Achievements
- What is Scott D. Malkin’s Net Worth?
- Highlights
- Early Life
- Career
- Personal Life
- Net Worth Over Time
- Components of Net Worth
Scott D. Malkin Net Worth and Achievements
| Category | Information |
|---|---|
| Net Worth | $200 million |
| Salary | N/A |
| Birthdate | 1959 |
| Birthplace | United States |
| Gender | Male |
| Height | N/A |
| Profession | Businessman, Entrepreneur, Co-owner of the NHL’s New York Islanders |
| Nationality | American |
What is Scott D. Malkin’s Net Worth?
Scott D. Malkin, an American businessman and entrepreneur, has a net worth of $200 million. He is widely recognized as the co-owner of the NHL’s New York Islanders.
Highlights
– Scott D. Malkin has a net worth of $200 million.
– He is a successful businessman and co-owner of the NHL’s New York Islanders.
– Malkin founded Value Retail Plc in 1992 and owns the retail store 2 Rodeo Drive in Beverly Hills, California.
– He graduated from Harvard College with a B.A., Harvard Law School with a J.D., and Harvard Business School with an M.B.A.
– Malkin’s family has a rich history in real estate, with his father owning the Empire State Building and his grandfather being a real estate pioneer.
– He expanded Value Retail Plc into China, generating over $1.5 billion in total sales annually.
– In 2014, Malkin acquired the New York Islanders NHL team.
Early Life
Scott D. Malkin was born in 1959 in the United States. He is the son of Peter L. Malkin, who famously owned the Empire State Building, and comes from a family with a strong real estate background. His grandfather, Lawrence Wien, was a renowned real estate pioneer.
Career
Malkin’s academic journey began at Harvard College, where he obtained a Bachelor of Arts degree. He furthered his education at Harvard Law School, earning a Juris Doctor degree, and later pursued a Master of Business Administration degree from Harvard Business School.
With a solid educational foundation, Malkin ventured into the business world. In 1992, he founded Value Retail Plc, an outlet center company offering discounted brand name products in Europe. The company’s villages, strategically situated near major cities, attracted customers seeking high-quality products at affordable prices. The success of Value Retail Plc led to expansion into China, contributing significantly to its annual sales of over $1.5 billion.
Aside from his retail business, Malkin also owned the renowned retail store 2 Rodeo Drive in Beverly Hills, California. This store catered to the affluent clientele seeking luxury products.
In 2014, Malkin made headlines when he purchased the National Hockey League team, the New York Islanders, from Charles Wang. This venture further solidified his presence and influence in the business and sports worlds.
Personal Life
Scott D. Malkin maintains a relatively private personal life. However, it is known that his sister, Cynthia Malkin, is married to United States Senator Richard Blumenthal.
Net Worth Over Time
Scott D. Malkin’s net worth has reached an impressive $200 million. Throughout his career, he has achieved significant financial success through his ventures in real estate, retail, and sports ownership.
Components of Net Worth
Malkin’s net worth predominantly stems from his ownership of Value Retail Plc and the New York Islanders. The success of his retail business, along with the expansion into China, has generated substantial revenue. Additionally, the value of the NHL team has contributed significantly to his net worth.
Overall, Scott D. Malkin’s entrepreneurial skills and business acumen have propelled him to financial success, making him a prominent figure in both the business and sports industries.
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