The Richest People In America: Ira Rennert

#57 Ira Rennert

$6.0 billion
Source Investments, Self made

Age 74
Marital Status Married, 3 children

Hometown New York, NY, United States
Education Brooklyn College, Bachelor of Arts / Science
New York University, Master of Business Administration

New york city native studied political science at Brooklyn College; earned M.B.A. from NYU. Bought contractor AM General in 1992 for $133 million; maker of military Humvees, luxury SUV Hummers. Global conflicts said to be lifting sales of Humvees; gas-guzzling Hummer sales down with rising price of oil. Sold majority stake to Ronald Perelman for $930 million in 2004. Said to have spent $5 million to sponsor 20-volume encyclopedia featuring explanation of 613 Jewish commandments.

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