David Walentas

David Walentas (born 1938) is an American billionaire real estate developer.

David Walentas
Born1938 (age 81–82)
Rochester, New York, US
NationalityAmerican
Alma materUniversity of Virginia
Net worth$2.4 billion (Jul 2019)[1]
Spouse(s)Jane Zimmerman
Children2 sons

Early life

Walentas was born to a Jewish family[2] in Rochester, New York.[3] When he was five, his postal worker father suffered a stroke in his 30s and was left paralyzed. His mother had to work two jobs, and David and his older brother Peter went to live on nearby farms, "milking cows and shoveling shit," as "an indentured orphan."[3] He eventually went to the University of Virginia and received a bachelor's degree in mechanical engineering.[3]

Career

With his Two Trees Management company, Walentas has transformed the DUMBO area of Brooklyn.[3][4]

As of August 2018, he had a net worth of US$2.1 billion.[1]

Personal life

Walentas is married with two children and lives in New York City.[1] He is "a passionate polo player". His wife Jane (nee Zimmerman)[5][6] is an artist.[3] His son Jed Walentas is CEO of Two Trees.[1][7]

References
  1. "David Walentas". Forbes. Retrieved July 13, 2019.
  2. New York Magazine: "The Flying Walentases - DUMBO dynasty devours Domino, extends Brooklyn domination" By Gabriel Sherman June 17, 2014 |"They’re just stupid, insulated people,” David says when I ask him about the carousel controversy. “The truth is that the Old Guard up the Heights are racists and anti-Semites, if you really want to know. They don’t want anything to happen to disturb their little community."
  3. Marcia Greenwood (October 14, 2014). "David Walentas: From nowhere to billionaire". Democratandchronicle.com. Retrieved October 8, 2015.
  4. Quartz: "Developers have figured out the secret sauce for gentrifying neighborhoods" by Sonali Kohli June 21, 2015
  5. Sun Sentinel: "Richard M. Zimmerman, 57, Longtime South Florida Banker" By OSWALDO ZAVALA June 16, 1998
  6. Philadelphia Business Journal: "Moore College of Art & Design gets $1M gift" April 11, 2008
  7. YJP Mentors: "Jed Walentas" retrieved June 14, 2016
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