Joel Wiener

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Joel Wiener
Born Joel Saul Wiener
1948/1949 (age 69–70)[1]
Brooklyn, New York, U.S.
Residence Woodmere, Long Island, New York, U.S.
Nationality American
Alma mater Brooklyn Law School
Occupation Businessman
Known for Landlord with 10,000+ apartments in New York City
Net worth US$1.0 billion (2017)
Title CEO, Pinnacle Group
Spouse(s) married
Children 1 daughter
Parent(s) Paul Wiener

Joel Saul Wiener (born 1948/1949) is an American billionaire real estate developer and landlord, and the CEO of Pinnacle Group.

Early life[edit]

Joel Saul Wiener was born in Brooklyn, the son of Paul Wiener.[1][2][3] His brother Arthur Wiener is also a landlord.[2]

Wiener earned a law degree from Brooklyn Law School in 1974.[4]

Career[edit]

The family firm, Arthur Holding Company, purchased New York buildings in the 1970s and 1980s.[4] Wiener himself started buying building from the late 1980s onwards.[4] He founded Wiener Realty in 1995.[4]

Through his company, Pinnacle Group, Wiener manages about $2 billion worth of New York City property, 10,000 apartments, almost all rent-regulated, in every borough except Staten Island.[5]

Pinnacle has had extensive funding from the Praedium REIT, including the purchase of Baruch Singer's nearly 3,000 apartments in northern Manhattan for $500 million.[3]

As of 2006, Wiener had been personally sued 84 times.[2] His company has been the "subject of criminal investigations by the Manhattan district attorney and the state attorney general's office; it has been denounced by Representative Charles B. Rangel and other politicians".[1] Wiener "has a reputation for being ruthless among many tenants".[3]

Personal life[edit]

Wiener is married, with a daughter, and lives in Woodmere, Long Island, New York.[2]

References[edit]

  1. ^ a b c "As Landlord Grows, So Does Criticism". The New York Times. 3 September 2006. Retrieved 28 December 2017. 
  2. ^ a b c d "A Look at the Pinnacle Players and Their Bronx Buildings - Norwood News". 1 June 2006. Retrieved 28 December 2017. 
  3. ^ a b c "Housing Wars: Pinnacle of Greed - The Indypendent". indypendent.org. Retrieved 28 December 2017. 
  4. ^ a b c d "Executive Profile: Joel Wiener". Bloomberg LP. Retrieved 28 December 2017. 
  5. ^ "NYC Landlord Becomes a Billionaire, Thanks to Gentrification Boom". 20 November 2017. Retrieved 28 December 2017 – via www.bloomberg.com.