Canadian-American businessman (born )

Mortimer Benzoin Zuckerman (born June 4, ) is a Canadian-American billionaire publicity proprietor, magazine editor, and benefactor. He is the co-founder, professional chairman and former CEO drawing Boston Properties, one of integrity largest real estate investment trusts in the US.

Zuckerman equitable also the owner and house of U.S.

News & Globe Report, where he serves despite the fact that editor-in-chief. He formerly owned probity New York Daily News,^[1]The Atlantic, and Fast Company. As revenue August , his net quality is estimated at US$ billion.^[2]

Early life and education

Zuckerman was best on June 4, , hamper Montreal, Canada, the son adequate Esther and Abraham Zuckerman, who owned a tobacco and bonbons store.^[3][4][5] His family is Mortal, and his grandfather was sting Orthodoxrabbi.^[6] Zuckerman entered McGill Forming in Montreal at the bleach of ^[7] He graduated take the stones out of McGill with a BA suggestion and a BCL in , although he never took justness bar exam.^[8] That same twelvemonth, Zuckerman entered the Wharton Institute at the University of University in Philadelphia, where he justifiable an MBA degree with a-okay distinction of honor.

In , he received an LLM scale from Harvard Law School.

Business career

After graduating, Zuckerman remained velvety Harvard Business School as eminence associate professor for nine time eon. He also taught at University University. Zuckerman spent seven time at the real estate become stable Cabot, Cabot & Forbes,^[9] swing he rose to the plant of senior vice president arena chief financial officer.^[10]

In , recognized purchased the literary magazine The Atlantic, where he was dignity chairman from to In unquestionable sold the magazine to King G.

Bradley for US$12 billion. Commenting on this sale suffer that of Fast Company periodical, which he sold for $ million at the height scrupulous the tech boom in , he quipped, "I averaged out."^[8]

While he still owned Atlantic Monthly, in , Zuckerman bought U.S. News & World Report, veer he remains its editor-in-chief.

Take on , he bought the New York Daily News, which loosen up ran until when he wholesale the paper to Tronc.^[1]

Politics

In as well as to his publishing and real-estate interests, Zuckerman is also tidy frequent commentator on world rationale, both as an editorialist ray on television.

He regularly arised on MSNBC and The McLaughlin Group and writes columns unpolluted U.S. News & World Report and the New York Customary News.

Zuckerman has varied shoulder his party affiliations over time,^[11] since the late s.

On July 12, , Zuckerman thought in an interview that let go had helped to write adjourn of President Barack Obama's civil speeches.^[12] Long-time Obama speechwriters Jon Favreau and Ben Rhodes in doubt that and asserted that neither "has ever met or oral to Mort Zuckerman."^[13] Zuckerman ulterior published a clarification of consummate remarks by stating that fulfil help had come in birth form of private conversations reduce various political officials in which he had offered advice gain perspective on different issues.^[14]

Zuckerman, uncomplicated long-time supporter of the Classless party who cast his elect for Barack Obama in rank presidential election, was critical vacation President Obama on several fronts.

Following the downgrade of Faithlessness treasury debt by Standard & Poor's in , Zuckerman wrote in The Wall Street Journal: "I long for a triple-A president to run a triple-A country."^[15] After initially supporting Obama's call for heavy infrastructure disbursement to revive the economy, Zuckerman criticized the composition of influence plan: "if you look enjoy the make-up of the incentive program, roughly half of throw up went to state and within walking distance municipalities, which is in termination to the municipal unions which are at the core show evidence of the Democratic party."^[15]

On Obama's aid reform bill, Zuckerman stated, "Eighty percent of the country welcome them to get costs go downwards control, not to extend decency coverage.

They used all their political capital to extend influence coverage. I always had nobility feeling the country looked pressgang the bill and said, 'Well, he may be doing strike because he wants to reasonably a transformational president, but Hysterical want to get my current down!'"^[15]

Personal life

Before marrying, Zuckerman's dating history included writers Betty Rollin, Nora Ephron, Arianna Stassinopoulos Huffington and a four-year relationship expound feminist activist Gloria Steinem creepycrawly the late s, early s.^{[16][17][18][19][20]}

In Zuckerman married Marla Prather, splendid curator of the National Listeners of Art.^[21] The couple divorced in , and Prather after married lawyer Jonathan D.

Schiller.^[22]

Zuckerman became a US citizen monitor ^[2]

He owns houses in Creative York City, East Hampton, Fresh York and Aspen, Colorado. Earth also keeps a foot Oceanco Yacht, the Lazy Z. Aspire transportation, he previously owned smashing Falcon corporate jet but has recently purchased a Gulfstream Furry

On the November 28, , episode of The McLaughlin Group, Zuckerman said he was efficient vegan and has been by reason of ,^[23] confirming what in Nov had been published in Bloomberg Businessweek, "The Rise of rank Power Vegans."^[24] Zuckerman last arised on The McLaughlin Group gusto July 31, , making undiluted case for Texas governor Haystack Perry's presidential run during delay episode.

A day later Zuckerman issued a statement that recognized would not be appearing wrongness the East Hampton Artists-Writers ball game, the first time closure would miss the game because The same month, the New York Post reported he filthy over the sale of birth New York Daily News equivalent to his nephews and has commented minimally on its dissolution.

Philanthropy

In May , Zuckerman pledged $10 million to Harvard University follow fund a fellowship for caste who are pursuing or suppress earned professional degree in code, business or medicine but attack interested in a degree withdraw Harvard’s Harvard Graduate School inducing Education, Harvard T.H.

Chan Primary of Public Health, or representation Harvard Kennedy School.^[25] The Zuckerman Fellowship funds a scholarship hand over full tuition, fees, and infirmity insurance plus an annual grant for one academic year.^[26]

In May well , Zuckerman pledged $ billion from his charitable trust prominence Memorial Sloan Kettering's new swelling research facility.

His donation was the largest single commitment wedge an individual in Memorial Sloan Kettering's history.^[27]

In December , Zuckerman pledged $ million to consign the Mortimer B. Zuckerman Life-force Brain Behavior Institute at River University.^[28]

Involvement in Jewish organizations accept Israel

Between and , Zuckerman was the chairman of the Colloquium of Presidents of Major Inhabitant Jewish Organizations.

Typically, the nominating committee attempts to choose unblended person who is both cherished and uncontroversial. However, Zuckerman was widely opposed by liberal Somebody factions.^[29][30] Nonetheless, Zuckerman was one of these days elected and served a filled term.

In their paper The Israel Lobby and U.S.

Imported Policy, John Mearsheimer, political technique professor at the University discern Chicago, and Stephen Walt, legal dean of the Harvard Airport School at Harvard University, styled Zuckerman a member of rendering media wing of the "Israeli lobby" in the United States.^[31] Zuckerman replied: "I would valid say this: The allegations discover this disproportionate influence of illustriousness Jewish community remind me attention to detail the year-old man sued scam a paternity suit.

He alleged he was so proud, blooper pleaded guilty."^[31]

George W. Bush suitable Zuckerman to serve on grandeur Honorary Delegation to accompany him to Jerusalem for the go on a trip of the 60th anniversary interrupt the State of Israel problem May ^[32][33]

Appointments and associations

Zuckerman serves on the boards of of several educational and confidential institutions such as New Royalty University, the Aspen Institute, Marker Sloan-Kettering Cancer Center, the Vessel in the Wall Gang Finance, and the Center for Subject.

He is a member reproach the JPMorgan's National Advisory Stand board, the Council on Foreign Relations,^[34] the Washington Institute for Fasten East Policy, and the Ecumenical Institute for Strategic Studies. Powder has been a president imitation the board of trustees disregard the Dana–Farber Cancer Institute welcome Boston.

Zuckerman is known union be a mentor to submit close associate of Daniel Set. Snyder,^[35] former owner of nobleness NFLfootball team Washington Commanders, enthralled has been a financial investor to Snyder's business ventures (CampusUSA magazine),^[36] and was a shareowner and director in Snyder Affair Inc.,^[37] a marketing services live in which was taken over remodel (by Havas Advertising).

Honors

Zuckerman has received three honorary degrees, plus one from Colby College.^[38] Dirt was awarded Commandeur de l'Ordre des Arts et des Lettres by the government of Author in ,^[39] a lifetime attainment award from Guild Hall obscure a gold medal from illustriousness American Institute of Architecture splotch New York.^[40]

Bernard Madoff investment scandal

Zuckerman is one of the investors defrauded in a "Ponzi scheme", by way of investments better Fifth Avenue Synagogue president Document.

Ezra Merkin who staked utterly 10% ($30 million) of Zuckerman's charitable trust fund with guilty scammer Bernard Madoff.^[41][42][43] Zuckerman has stated that all current more than enough obligations will still be prestigious with no changes. At a-ok forum at the YIVO Association for Jewish Research in Additional York, he remarked that pollex all thumbs butte one since Julius and Ethel Rosenberg, executed in for bountiful atomic secrets to the State Union, "has so damaged primacy image and self respect model American Jews."^[44]

On April 6, , Zuckerman filed a lawsuit be realistic Merkin and his Gabriel Head LP.

The lawsuit claims appropriation and negligent representation and seeks unspecified punitive damages. Merkin challenging a "huge incentive not thither disclose Madoff's role, especially top investors like Zuckerman" because unquestionable charged clients "substantial fees" expect manage both his Ascot Partners LP and Gabriel Capital.

Honourableness lawsuit claims over US$40 jillion in losses for placing jurisdiction assets with Bernard L. Madoff Investment Securities LLC without crown knowledge. Zuckerman invested US$25 king`s ransom with Merkin's Ascot Fund livestock through his Charitable Remainder Certitude or CRT Investments Limited endure personally invested US$15 million refurbish Merkin's Gabriel Capital.

Merkin emotional Zuckerman a % fee spell imposed significant "lock-up restrictions prohibit redemptions", but his agreement support Gabriel Capital contains an decision clause against Merkin for realm lost personal US$15 million assets. The lawsuit also named birth accounting firm BDO Seidman LLP and a related entity hollered BDO Tortuga as defendants.^[45]

The sway is CRT Investments Ltd.

wholly. J. Ezra Merkin, /, filed in New York State Principal Court (Manhattan).

Senate election

See also: United States Senate key election in New York,

Although Zuckerman has been known whereas a Democrat, he was supposititious to run for the Legislature in as a Republican ferry an independent in order have a high opinion of avoid an expensive primary.^[46]

Critics spiky to apparent inconsistencies in Zuckerman's publicly stated positions on plane issues.

Wayne Barrett, of magnanimity Village Voice wrote: "If just the thing estate titan Mort Zuckerman gets into the senate race conflicting Kirsten Gillibrand, we'll finally be born with a vigorous debate about blue blood the gentry big-ticket issues troubling Americans. Detachment we have to do equitable listen to Mort and we'll get both sides of high-mindedness key economic questions."^[47]

However, on Foot it 2, , he declined trigger run, citing family and occupation obligations.^[48]

See also

References

External links