Samuel Rudin | |
---|---|
Born | 1896 |
Died | 1975 (aged 78–79) |
Nationality | American |
Occupation | real estate developer |
Known for | founder of Rudin Management Company |
Spouse | May Cohen |
Children |
Jack Rudin Lewis Rudin |
Parent | Louis Rudinsky |
Relatives | Beth Rudin DeWoody (granddaughter) |
Samuel Rudin (1896–1975) [1] was a New York real estate developer and founder of the Rudin Management Company and patriarch of the Rudin family.
Rudin was the son of Lithuanian Jewish immigrant Louis Rudinsky, who operated a dry goods store on the Lower East Side. [2] His father made his first real estate purchase in 1905 when he bought a four-story brownstone on 153 East 54th Street. [2] He commanded his sons to never sell the property and to try and purchase all the buildings surrounding it. [3] Samuel Rudin followed his father's edict, and he, along with his brothers, Edward, Henry, and Nathan, purchased most of the surrounding buildings. [4] They continued to add buildings to their portfolio, and in 1925, they founded the Rudin Management Company to handle the management and leasing side of the business. [3] In the 1950s and 1960s, the Rudin family was one of the most prolific builders of skyscrapers in Manhattan. [5] In 1975, his sons Jack and Lewis took over the company. [6] In 1990, fifteen years after his death, the Rudin Management portfolio was valued at $1.5 billion. [7]
In 1923, he married May Cohen. [7] They had two children, Jack and Lewis, who took over the family business. [7] Rudin died in 1975. [7] His will established the Samuel and May Rudin Foundation, [7] which focuses on education, social and religious welfare agencies, hospitals, museums, and the performing arts, primarily in Manhattan, where most of the Rudin portfolio was located. [7]
Rudin was an avid long-distance runner, [8] and his family continues to be a major sponsor of the New York City marathon. [9]