Sheldon Solow

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Sheldon Henry Solow
Born (1928-07-20) July 20, 1928 (age 90)
Brooklyn, New York, US
ResidenceNew York City
NationalityAmerican
Alma materNew York University (dropped out)
OccupationProperty developer
Known forSolow Residential
Net worth$4.7 billion (November 2017)[1]
Spouse(s)Mia Fonssagrives
Children2
Websitewww.solowresidential.com

Sheldon Solow (born July 20, 1928)[2] is an American real estate developer in New York.[3][4]

Early life[edit]

Solow was born and raised in a Jewish family[5][6] in Brooklyn.[3] His parents were Isaac, a bricklayer, and Jennie Brill, a homemaker.[1][2] He attended New York University but dropped out.[1]

Career[edit]

In the 1970s, Solow obtained financing,[3] and after buying out each of the many townhouses in that spot before, in collaboration with architect Gordon Bunshaft, Solow built a 50-story office building at 9 West 57th Street. As of 2017, the building is still considered a desirable location because of its views of Central Park.[7]

Personal life[edit]

Solow is married to sculptor and jewelry designer Mia Fonssagrives,[8] the daughter of Lisa Fonssagrives, a Swedish model and the French photographer, Fernand Fonssagrives.[9][10] They have two children and live in New York City.[1] His son, Stefan Soloviev, works in the family real estate business and runs an agriculture conglomerate called Crossroads Agriculture based in Colorado and New Mexico. He is ranked the 54th largest landowner in the United States.[1]

Solow is an extensive collector of modernist and renaissance art. Solow owns "Young Man Holding a Medallion" by Botticelli as well as paintings by Balthus, Henri Matisse, and Franz Kline; and sculptures by Alberto Giacometti.[3] In February 2012, he sold a Francis Bacon painting for $33.5 million, a Joan Miro painting for $26.6 million, a Henry Moore sculpture for $30.1 million; and in February 2013, he sold an Amedeo Modigliani painting for $42.1 million.[3] In May 2015 Solow sold Giacometti' s 1947 sculpture L'homme au doigt for $126.1 million, setting a world record for the most expensive sculpture ever sold.[11] Though Solow derives significant tax benefit from the collection's 501(c)3 non-profit status, he provides no public access.[12][13] In 2018, Solow arranged for his son to lead the Solow Art and Architecture Foundation, effectively passing control of the collection from Sheldon to Stefan without any estate tax.[13][12]

References[edit]

  1. ^ a b c d e "Sheldon Solow". Forbes. Retrieved 25 February 2015.
  2. ^ a b "Sheldon H. Solow" ZoomInfo, cached, 12/29/2011 August 9, 2015
  3. ^ a b c d e Jewish Business News: "Time Waits For No Man : Not Even Sheldon Solow" by Clive Minchom August 23, 2013
  4. ^ New York Times: "Empire Built by Developer Shows Signs of Distress" by Charles V. Bagli March 31, 2010
  5. ^ Forbes Israel: Jewish Billionaires – Profile of Sheldon Solow April 4, 2013 (in Hebrew)
  6. ^ The Real Deal: "New York City real estate bigwigs rank among world’s richest Jewish people" November 11, 2013
  7. ^ Bagli, Charles V. (August 19, 2013). "Prime Lot, Empty for Years (Yes, This Is Manhattan)". The New York Times. Retrieved August 25, 2013.
  8. ^ New York Times: "BOLDFACE NAMES" By James Barron October 10, 2001
  9. ^ Mia Fonssagrives Solow website retrieved February 25, 2015
  10. ^ New York Times: "Vicky Tiel’s 40-Year Career in Fashion" By CHRISTOPHER PETKANAS August 19, 2011
  11. ^ Katya Kazakina (26 April 2016). "Deal of the Art: Why Auction Houses Are Giving Away Millions". Bloomberg. Retrieved 26 April 2016.
  12. ^ a b Rubin, Erin (April 25, 2018). "A Nonprofit Museum with No Public Access: A Showy Extravagance with a Tax Exemption". Non Profit Quarterly. Retrieved April 25, 2018.
  13. ^ a b Anuta, Joe (April 23, 2018). "Developer's museum off-limits to the public". Retrieved April 23, 2018.

External links[edit]