| Net Worth | $5 billion |
|---|---|
| Salary | N/A |
| Birthdate | 1920 |
| Birthplace | Marbletown, New York |
| Gender | Female |
| Height | N/A |
| Profession | Businesswoman |
| Nationality | American |
Table of Contents
- What is Leona Helmsley’s Net Worth?
- Highlights
- Early Life
- Career
- Personal Life
- Net Worth Over Time
- Components of Net Worth
What is Leona Helmsley’s Net Worth?
Leona Helmsley had a peak net worth of $5 billion. She was an American businesswoman known for her involvement in the real estate industry.
Highlights
- Leona Helmsley had a peak net worth of $5 billion.
- She earned the nickname “Queen of Mean” due to her reputation for cruel behavior.
- She was convicted of federal income tax evasion and other crimes in the late 80s.
- Leona Helmsley built a real estate empire in New York City.
- She controlled numerous hotels and properties, including the Empire State Building.
- Leona Helmsley faced a trial for tax evasion and was convicted on multiple counts.
- After her release from custody, she spent her final years largely in isolation.
- Leona Helmsley made some charitable contributions in her later years.
Early Life
Leona Helmsley, originally named Lena Rosenthal, was born in 1920 in Marbletown, New York. Her parents were Polish-Jewish immigrants. Helmsley moved to Brooklyn with her family during her childhood and eventually settled in Manhattan. She dropped out of Abraham Lincoln High School to pursue her fortune and changed her surname several times before legally changing it to Roberts.
Career
Leona Helmsley began her career as a condominium broker in 1968. It was during this time that she met Harry Helmsley, a wealthy real estate entrepreneur, and they became involved romantically and professionally. After joining one of Harry’s brokerage firms as a senior vice-president, Leona Helmsley focused on running her husband’s growing hotel empire. The couple developed various real estate properties in New York City, including the Empire State Building and the Tudor City apartment complex. They also owned and managed several hotels, such as the Helmsley Palace Hotel and the New York Helmsley Hotel. However, Leona gained a negative reputation for her mistreatment of employees and frequent firings.
Personal Life
Leona Helmsley was married multiple times in her life. Her first marriage was to attorney Leo Panzirer in 1938, and they had a son named Jay. After divorcing Panzirer in 1952, she married Joseph Lubin, an executive in the garment industry, but divorced him twice. Finally, in 1972, she married Harry Helmsley, with whom she was with until his passing. Leona Helmsley died in 2007 at the age of 87 from congestive heart failure.
Net Worth Over Time
Leona Helmsley’s net worth reached its peak at $5 billion during her career. She amassed her wealth through her involvement in the real estate industry, particularly in New York City. However, following her conviction for tax evasion and other crimes, she lost control of most of her hotels and bars due to New York laws. Despite this setback, she still had a substantial fortune at the time of her passing.
Components of Net Worth
Leona Helmsley’s net worth primarily consisted of her ownership and investments in various real estate properties. She owned and managed numerous hotels, including famous landmarks like the Empire State Building, as well as residential properties in New York. However, her net worth reduction came as a result of her legal troubles and the loss of control over her business ventures.
Disclaimer: All net worths are calculated using data drawn from public sources, and the provided net worth is an estimate. Corrections and feedback are welcome.
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