Rubin Schron Biography

Rubin Schron is a well-known American real estate investor, philanthropist, and the inventor of Cammeby’s International Group. In 2013, Schron made an unsuccessful offer to buy the Empire State Building for $2 billion. In 2003, an investment group guided by Schron paid $705.6 million for a portfolio of approximately 6,000 outer-borough apartments from Donald Trump. Schron, who practices Orthodox Judaism, has eight children and 50 grandchildren.

10 Quick Facts About Rubin Schron

Here is a list of 10 facts about Schron

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• Name: Rubin Schron
• Age: 87 Years Old
• Birthday: Not Available
• Zodiac Sign: Not Available
• Height: Average
• Nationality: American
• Occupation: Real Estate Investor, Philanthropist, Inventor
• Marital Status: American
• Salary: Not Available
• Net worth: $900 million

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Rubin Schron Age

Schron is 87 years old, he was born in 1938, in the United States. However, details regarding his exact date of birth and when he celebrates his birthday are currently not publicly available. We will update this section once the information is available.

Rubin Schron Height and Weight

Rubin Schron stands at an average height. He appears to be quite tall, if his photos, relative to his surroundings, are anything to go by. However, details regarding his actual height and other body measurements are currently not publicly available. We are keeping tabs and will update this information once it is out.

Rubin Schron Weight

Schron has a moderate weight. His weight and other body measurements are not publicly available. We will update this section as soon as the information becomes available.

Early Life and Education

Schron was born in 1938 in the United States. She grew up on the Lower East Side of Manhattan in an Orthodox Jewish family. His family joined the real estate business by using the proceeds from the death of his brother in World War II to purchase a small apartment building. Schron has not disclosed the details of his education, but owing to the nature of his work as a real estate investor, he might have received proper education regarding his field.

Rise to Fame and Breakthrough Moment

Schron is the inventor of Cammeby’s International Group. In 2013, Schron made an unsuccessful offer to buy the Empire State Building for $2 billion. In 2003, an investment group guided by Schron paid $705.6 million for a portfolio of approximately 6,000 outer-borough apartments from Donald Trump

Major Achievements and Contributions

• In 1967, he established the real estate investment company Cammeby’s International Group. Typically partnering in his transactions, Schron steadily grew the business. In 2007, Cammeby’s was managing over $1 billion in assets.

Personal Life

Rubin Schron Family, Parents

Schron was born and raised in an Orthodox Jewish family. He is a devout Orthodox Jew himself. They lived on the Lower East Side of Manhattan, though not much is known about his parents. The New York Observer described Schron as “one of the city’s most secretive landlords”.

However, our efforts to find out more about his family came to no avail, as no such information is publicly available. Therefore, the identity of Rubin’s parents is still unclear. We will update this section once this information is available.

Rubin Schron Siblings

Schron has a brother who died in World War II. We will update this section once this information is available.

Rubin Schron Wife

Schron was married to his wife, whose identity is not known. He lost his wife Marta in June 2020, with whom he had eight children. The couple has eight children who also have kids, making Schron a grandfather of 50. He raised his children in Brooklyn in a single-family home where he still lives. Schron’s life is described as being simple. He eschews glamour and avoids being in the spotlight, which means he also doesn’t partake in interviews.

Rubin Schron Children

Schron and his late wife had eight children who also have kids, making Schron a grandfather of 50.

Rubin Schron Net Worth

Rubin Schron’s net worth is estimated at $900 million dollars. This includes his assets, money, and income. His primary source of income is his career as a Real Estate Investor. Through his various sources of income, he has been able to accumulate a good fortune, but prefers to lead a modest lifestyle.

Facts: Everything You Need to Know About Rubin Schron

Here are some interesting facts you should know about Schron.

Rubin Schron Bio.

• Full Names: Rubin Schron
• Popular As: Rubin Schron
• Gender: Male
• Occupation / Profession: Real Estate Investor, Philanthropist, Inventor
• Nationality: American
• Race / Ethnicity: White
• Religion: Christian
• Sexual Orientation: Straight

Birthday

• Age / How Old?: 87 Years Old
• Zodiac Sign: Not Available
• Date of Birth: 1938
• Place of Birth: United States
• Birthday: Not Available

Body Measurements

• Height / How Tall?: Average
• Weight: Moderate
• Eye Color: Dark Brown
• Hair Color: White
• Shoe Size: Not Available
• Chest Size: Not Available
• Waist Size: Not Available

Family and Relationship

• Father (Dad): Not Known
• Mother: Not Known
• Siblings (Brothers and Sisters): Not Known
• Marital Status: Married
• Wife/Spouse: Not Available
• Children: Eight Children

Net Worth and Salary

• Net Worth: $900 million
• Salary: Not Available
• Source of Income: Real Estate Investor, Philanthropist, Inventor

Rubin Schron Real Estate Business

Schron’s encounter with the real estate business world began in the time after the Second World War. One of his brothers had fought for the country in the war, and he passed away from war-related injuries. Hence, the government paid his family $5,000 and they used the money to buy an apartment building on Delancey Street on the Lower East Side. It was a family business, and Schron ran it.

He bought a couple of buildings in the Bronx and carefully refinanced them. He began his own company in 1967, Cammeby’s International Group, a real estate investment company. As he made transactions, Schron also made partnerships and this helped his business to grow steadily. By 2007, he was managing over $1 billion in assets through his company for himself, investment groups, and partnerships.

Businessmen and women in the real estate business who have made deals with Schron often describe him as one who is nice to do business with. For that matter, he has carried on several big deals. Such as:

Rubin Schron Nursing Homes Investment

In the 1980s, Schron met Leonard Grunstein, an attorney, and they began working together till he became his trusted real estate advisor. In 2002, Grunstein convinced Schron to buy two large nursing home and health-care businesses that were homes to over 18,000 patients and 183 facilities in 27 states for a total of $1.4 billion. He agreed as he saw an opportunity in real estate though he had little interest in the nursing home business.

He made a deal to split the venture into two: one entity to hold the real estate and the other one to hold the nursing homes. This would allow Schron and his investors to own the property company and collect lease payments from the nursing home properties that were to be run by Grunstein and Murray Foreman, a banker. His plan worked and each year, he was collecting tens of millions of dollars in lease payments from the nursing homes.

It was reported that Schron felt that as part of the deal, he was allowed to raise rents if the interest rates rose and his financing costs spiked. He told Grunstein so, in 2007, and Grunstein told him that he did not have such a right. They went to court and Schron decided to choose a $100 million option to acquire the nursing home side of the business. His case prevailed and in 2012, he took full control of the two nursing home companies with a combined $1.4 billion in revenues.

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