Saul Katz

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Saul B. Katz
Born1939 (age 79–80)
EducationB.A. Brooklyn College
OccupationReal estate developer
Known forCo-founder of Sterling Equities
President of the New York Mets
Spouse(s)Iris Wilpon
ChildrenHeather Katz Knopf
Natalie Katz O’Brien
David M. Katz
FamilyFred Wilpon (brother-in-law)

Saul Katz (born 1939) is the President of the New York Mets.

Biography[edit]

Born to a Jewish family[1][2][3] in Brooklyn[4] he graduated from Brooklyn College in 1960[5] with a degree in accounting.[citation needed] In 1972, he cofounded Sterling Equities, a commercial real estate development company, with his brother-in-law Fred Wilpon.[6] They built a development of townhouses in Tarrytown, a suburb in Westchester County which was very successful.[7] Seeking to minimize their tax obligations, they purchased real estate throughout the country that had favorable tax treatment[7] which turned out to be a boon since they were unknowingly buying property at the bottom of the market.[7] In addition, he serves as the President of the Brooklyn Cyclones, a Mets minor league affiliate.[8]

Entities and individuals affiliated with Katz and Wilpon received $300 million in respect of investments in the Bernard Madoff Ponzi scheme.[9] Wilpon and Katz "categorically reject[ed]" the charge that they "ignored warning signs" about Madoff's fraud.[10]

Personal life[edit]

Katz is married to Iris Katz, sister of the Mets managing partner Fred Wilpon.[7] They have three children: Heather Katz Knopf, Natalie Katz O’Brien,[4] and David M. Katz.[11] The Katzes live in Glen Cove, New York and have a winter home in Boca Raton, Florida.[7]

References[edit]

  1. ^ Record Pilot: "Chabad Bids Shalom...Festival of Lights Illuminates Village Square By Carla Santella Archived 2015-09-23 at the Wayback Machine. December 14, 2007
  2. ^ Jewish Foundation for the Righteous: "On Monday, December 1, 2014, the JFR will honor Iris and Saul Katz with the Foundation’s Recognition of Goodness award" retrieved October 24, 2014
  3. ^ New York Times: "Paid Notice: Deaths KATZ, ROSE" September 23, 2003
  4. ^ a b New York Post: "Mets’ owners’ kin made millions from Madoff: suit" By Kathianne Boniello February 6, 2011
  5. ^ Brooklyn College Foundation Board of Trustees retrieved October 24, 2014
  6. ^ Sports Illustrated: "Pays The Price" by Tom Verducci May 30, 2011
  7. ^ a b c d e The New Yorker: "Madoff’s Curveball - will Fred Wilpon be forced to sell the Mets?" by Jeffrey Toobin May 30, 2011
  8. ^ "Archived copy". Archived from the original on 2011-09-18. Retrieved 2012-01-11.
  9. ^ Belson, Ken; Sandomir, Richard (March 3, 2011). "Cuomo Has Held Talks With Both Sides in Mets Case". The New York Times. Retrieved March 4, 2011.
  10. ^ Madoff Trustee: Mets Owners Ignored Ponzi Warning Signs, Chad Bray, The Wall Street Journal, February 4, 2011, Retrieved February 4, 2011.
  11. ^ New York Times: "In Real Estate, New Faces, Old Names" By DAVID W. DUNLAP March 20, 1994