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David Mandelbaum (politician)

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David Mandelbaum
Born (1935-12-13) December 13, 1935 (age 88)
Newark, New Jersey
NationalityAmerican
EducationB.A. Princeton University
J.D. Harvard University Law School
Occupation(s)Politician
Real estate developer
Known forMinority-owner of the Minnesota Vikings
SpouseKaren Krupnick
Children4
Parent(s)Philip Mandelbaum
Ella Baum Mandelbaum

David Mandelbaum (born December 13, 1935) is an American Democratic Party politician, minority-owner of the Minnesota Vikings NFL team, and real estate developer.

Early life

Mandelbaum was born to a Jewish family on December 13, 1935 in Newark, New Jersey, the son of Philip Mandelbaum (June 22, 1908 – June 30, 2004) and Ella Baum Mandelbaum (1911–1999). He grew up in Maplewood, New Jersey. He is a graduate of Princeton University and Harvard University Law School. He is a partner at the law firm of Mandelbaum & Mandelbaum.

New Jersey State Assemblyman

He was elected to the New Jersey General Assembly in 1961, at the age of 25. He finished fourth in a field of 28 candidates for nine Essex County At-Large Assembly seats. He received 140,037 votes, more than 12,000 votes ahead of incumbent Republican Assemblyman Philip Lindeman.[1] He was narrowly re-elected in 1963, finishing 1,065 votes ahead of another Democratic Assemblyman, John J. Miller, Jr.[2] He was re-elected by more than 24,000 votes in 1965.[3]

Campaign for State Senator

Mandelbaum ran for the New Jersey State Senate in 1967. The General Election turned out to be a strong environment for Republicans; it was the mid-term election of Governor Richard J. Hughes's second term. Republicans won all six Essex County Senate seats, with Matturri running third. Mandelbaum finished tenth in the election. The four Democratic Senators elected in 1965 -- Nicholas Fernicola, John J. Giblin, Maclyn Goldman and Hutchins Inge—were all defeated.[4]

1967 Essex County State Senator General Election results

Winner Party Votes Loser Party Votes
Michael Giuliano Republican 122,354 Nicholas Fernicola Democrat 91,812
Gerado Del Tufo Republican 119,956 John J. Giblin Democrat 89,297
Alexander Matturri Republican 119,152 Maclyn Goldman Democrat 88,796
James Wallwork Republican 118,834 David Mandelbaum Democrat 85,131
Milton Waldor Republican 117,280 Victor Addonizio Democrat 83,587
David W. Dowd Republican 115,568 Hutchins Inge Democrat 83,543

Business Activities

In 1968, Mandelbaum contributed $250,000 towards the formation of Interstate Properties, a real estate development firm, with Steven Roth and Russell Wight. The firm later took control of the Vornado fan company (previously acquired by the Two Guys department store chain) and turned it into the Vornado Realty Trust.[5] Mandelbaum has been a trustee of the trust since 1979, and a Director of Alexander's, Inc. since 1995.

In 2005, Mandelbaum and five other partners, in a group led by Zygi Wilf, purchased the Minnesota Vikings of the National Football League from Red McCombs for a reported US$600 million.[6] Forbes estimates the 2014 value of the franchise at US$1.007 billion, or 21st of the 32 NFL teams.[7]

Mandelbaum and his family were named 384th on the Forbes 400 list in 2005, with an estimated net worth of $900 million.[8]

Family

David Mandelbaum married Karen Krupnick in a Jewish ceremony in 1964.[9] They have four sons: Richard, Michael, Jeffrey and Jonathan.

References

  1. ^ "Our Campaigns 1961". www.ourcampaigns.com. Retrieved 7 January 2015.
  2. ^ "Our Campaigns 1963". www.ourcampaigns.com. Retrieved 7 January 2015.
  3. ^ "Our Campaigns 1965". www.ourcampaigns.com. Retrieved 7 January 2015.
  4. ^ "Our Campaigns 1967". www.ourcampaigns.com. Retrieved 7 January 2015.
  5. ^ "Shelter from the storm". Institutional Investor. Institutional Investor. Retrieved 11 April 2022.
  6. ^ Borzi, Pat (August 19, 2005). "Vikings' Owner Makes a Name for Himself". The New York Times. Retrieved 2009-12-23.
  7. ^ "Forbes now values Vikings at worth more than a billion dollars | 1500 ESPN Twin Cities - Minnesota Sports News & Opinion (Twins, Vikings, Wolves, Wild, Gophers) | Sportswire: Minnesota Vikings". Archived from the original on 2015-01-07. Retrieved 2015-01-07.
  8. ^ "Forbes 400". Forbes. Retrieved 11 April 2022.
  9. ^ "Karen Krupnick Wed To David Mandelbaum". New York Times. 16 August 1964. Retrieved 7 January 2015. The marriage of Miss Karen Ann Krupnick, daughter of Mr. and Mrs. Albert I. Krupnick of South Orange, to David M: Mandelbaum took place here this evening. The bridegroom is a son of Mr. and Mrs. Philip Mandelbaum of Maplewood. Rabbi Horace Zemel performed the ceremony at the Chanticler.
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