Jay Schottenstein

Jay Schottenstein (born 1954) is an entrepreneur from Columbus, Ohio.

Jay Schottenstein
Born1954 (age 65–66)
NationalityUnited States
Alma materIndiana University Bloomington (BS '76)
Occupationbusinessman
Known forCEO of Schottenstein Stores Corp. CEO of American Eagle Outfitters CEO of American Signature
Spouse(s)Jeanie Rabe
ChildrenJoseph Schottenstein
Jonathan Schottenstein
Jeffrey Schottenstein
Parent(s)Geraldine Hoffman Schottenstein
Jerome Schottenstein
FamilyJon P. Diamond (brother-in-law)

Biography

Schottenstein was born to a Jewish family[1][2] the son of Geraldine (née Hurwitz) and Jerome Schottenstein. His father established Schottenstein Stores Corp. and was a prominent supporter of Jewish charities and served as board member of Yeshiva University in New York.

In 1976, Jay began working in his father's business and later married Jeanne Rabe, with whom he has three sons: Joseph, Jonathan and Jeffrey. He also has three grandchildren, Jacob, Jonah, and Emma. Since 1980, he has served as chairman of American Eagle Outfitters, Incorporated. In 1993, he replaced his father as head of Schottenstein Stores Corporation, as well as in his father's charity activities. Since 2005, he has served as chairman of DSW. He is one of the main contributors, along with his family, to the Schottenstein Edition of the Babylonian Talmud.

The Schottenstein family's wealth was estimated at $1.7 billion in 2014 and $2.7 billion in 2015, although the family dropped off of Forbes America's Richest Families in 2016.[3] Individually, Jay's wealth has not made the Forbes Complete List of the world's billionaires.[4] His wealth comes mainly from Retail Ventures, Inc. (RVI) and American Eagle Outfitters, in which it currently holds a 26.5% stake. Schottenstein personally owns about 3% of American Eagle Outfitters, as well as Retail Ventures' stake in the company.[5] In 2015, the Schottenstein family donated $1 million to the presidential candidacy of John Kasich.[6] Jay is also the owner of the superyacht Just J's.[7]

References
  1. "Jewish 100: Jay Philanthropy". The Algemeiner. Retrieved 8 October 2013.
  2. Cleveland Jewish News: "The 30-plus most influential Jews in America" December 27, 2001
  3. "Schottenstein family". Forbes. Retrieved 2019-01-17.
  4. "The World's Billionaires". Forbes. Retrieved 2019-01-17.
  5. https://finance.yahoo.com/q/mh?s=AEO
  6. "Million-Dollar Donors in the 2016 Presidential Race". New York Times. 25 August 2015. Retrieved 14 October 2015.
  7. "Just J's (yacht)", Wikipedia, 2018-06-12, retrieved 2019-01-17


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