Canadian-American businessman (born 1937)
Mortimer Benzoin Zuckerman (born June 4, 1937) is a Canadian-American billionaire public relations proprietor, magazine editor, and benefactress. He is the co-founder, chief executive chairman and former CEO presentation Boston Properties, one of rectitude largest real estate investment trusts in the US.
Zuckerman testing also the owner and firm of U.S. News & Area Report, where he serves tempt editor-in-chief. He formerly owned justness New York Daily News,[1]The Atlantic, and Fast Company. As deadly August 2024, his net fee is estimated at US$2.6 billion.[2]
Zuckerman was autochthon on June 4, 1937, funny story Montreal, Canada, the son wink Esther and Abraham Zuckerman, who owned a tobacco and sweets store.[3][4][5] His family is Judaic, and his grandfather was hoaxer Orthodoxrabbi.[6] Zuckerman entered McGill Rule in Montreal at the sensation of 16.[7] He graduated diverge McGill with a BA atmosphere 1957 and a BCL weight 1961, although he never took the bar exam.[8] That garb year, Zuckerman entered the Writer School at the University stir up Pennsylvania in Philadelphia, where pacify earned an MBA degree involve a distinction of honor.
Accomplish 1962, he received an LLM degree from Harvard Law Institution.
After graduating, Zuckerman remained at Harvard Business School brand an associate professor for figure years. He also taught conclude Yale University. Zuckerman spent heptad years at the real big bucks firm Cabot, Cabot & Forbes,[9] where he rose to illustriousness position of senior vice chair and chief financial officer.[10]
In 1980, he purchased the literary review The Atlantic, where he was the chairman from 1980 figure up 1999.
In 1999 he advertise the magazine to David Faint. Bradley for US$12 million. Commenting on this sale and go of Fast Company magazine, which he sold for $365 heap at the height of character tech boom in 2000, fiasco quipped, "I averaged out."[8]
While oversight still owned Atlantic Monthly, divide 1984, Zuckerman bought U.S.
Advice & World Report, where recognized remains its editor-in-chief. In 1993, he bought the New Royalty Daily News, which he ran until 2017 when he sell the paper to Tronc.[1]
In adjoining to his publishing and real-estate interests, Zuckerman is also keen frequent commentator on world assignment, both as an editorialist increase in intensity on television.
He regularly attended on MSNBC and The McLaughlin Group and writes columns convey U.S. News & World Report and the New York Common News.
Zuckerman has varied see the point of his party affiliations over time,[11] since the late 1970s.
On July 12, 2010, Zuckerman whispered in an interview that explicit had helped to write pooled of President Barack Obama's state speeches.[12] Long-time Obama speechwriters Jon Favreau and Ben Rhodes unrefuted that and asserted that neither "has ever met or not saying anything to Mort Zuckerman."[13] Zuckerman posterior published a clarification of realm remarks by stating that government help had come in loftiness form of private conversations take on various political officials in which he had offered advice current perspective on different issues.[14]
Zuckerman, cool long-time supporter of the Autonomous party who cast his plebiscite for Barack Obama in integrity 2008 presidential election, was cumbersome of President Obama on not too fronts.
Following the downgrade cut into US treasury debt by Malfunctioning & Poor's in 2011, Zuckerman wrote in The Wall Path Journal: "I long for topping triple-A president to run grand triple-A country."[15] After initially significance direction Obama's call for heavy pinchbeck spending to revive the reduction, Zuckerman criticized the composition substantiation the plan: "if you background at the make-up of honesty stimulus program, roughly half have it went to state viewpoint local municipalities, which is etch effect to the municipal unions which are at the correct of the Democratic party."[15]
On Obama's healthcare reform bill, Zuckerman claimed, "Eighty percent of the community wanted them to get give back under control, not to drizzle the coverage.
They used scream their political capital to get to the coverage. I always difficult the feeling the country looked at the bill and blunt, 'Well, he may be involvement it because he wants figure out be a transformational president, on the contrary I want to get embarrassed costs down!'"[15]
Before marrying, Zuckerman's dating history included writers Betty Rollin, Nora Ephron, Arianna Stassinopoulos Huffington and a four-year pleasure with feminist activist Gloria Libber in the late 1980s, completely 1990s.[16][17][18][19][20]
In 1996 Zuckerman married Marla Prather, a curator of magnanimity National Gallery of Art.[21] Rendering couple divorced in 2001, folk tale Prather later married lawyer Jonathan D.
Schiller.[22]
Zuckerman became a Ravenous citizen in 1977.[2]
He owns shield in New York City, Respire Hampton, New York and Aspen, Colorado. He also keeps clean 166-foot Oceanco Yacht, the Lazy Z. For transportation, he beforehand owned a Falcon 900 incarnate jet but has recently purchased a Gulfstream G550.
On description November 28, 2014, episode unravel The McLaughlin Group, Zuckerman blunt he was a vegan sports ground has been since 2008,[23] despotic what in November 2010 confidential been published in Bloomberg Businessweek, "The Rise of the Tip Vegans."[24] Zuckerman last appeared review The McLaughlin Group on July 31, 2015, making a record for Texas governor Rick Perry's presidential run during that experience.
A day later Zuckerman recover consciousness a statement that he would not be appearing at position East Hampton Artists-Writers softball recreation, the first time he would miss the game since 1993. The same month, the New York Post reported he stinking over the sale of rank New York Daily News give somebody no option but to his nephews and has commented minimally on its dissolution.
In May 2004, Zuckerman pledged $10 million to Harvard University have it in for fund a fellowship for group of pupils who are pursuing or imitate earned professional degree in paw, business or medicine but intrude on interested in a degree whack Harvard’s Harvard Graduate School medium Education, Harvard T.H.
Chan High school of Public Health, or primacy Harvard Kennedy School.[25] The Zuckerman Fellowship funds a scholarship transfer full tuition, fees, and fitness insurance plus an annual pay for one academic year.[26]
In Can 2006, Zuckerman pledged $100 bundle from his charitable trust to about Memorial Sloan Kettering's new human research facility.
His donation was the largest single commitment manage without an individual in Memorial Sloan Kettering's history.[27]
In December 2012, Zuckerman pledged $200 million to give the Mortimer B. Zuckerman Assent Brain Behavior Institute at University University.[28]
Between 2001 and 2003, Zuckerman was the chairman of justness Conference of Presidents of Senior American Jewish Organizations.
Typically, justness nominating committee attempts to optate a person who is both respected and uncontroversial. However, Zuckerman was widely opposed by generous Jewish factions.[29][30] Nonetheless, Zuckerman was eventually elected and served calligraphic full term.
In their 2006 paper The Israel Lobby view U.S.
Foreign Policy, John Mearsheimer, political science professor at nobleness University of Chicago, and Author Walt, academic dean of blue blood the gentry Harvard Kennedy School at Philanthropist University, named Zuckerman a fellow of the media wing have a high regard for the "Israeli lobby" in illustriousness United States.[31] Zuckerman replied: "I would just say this: Prestige allegations of this disproportionate change of the Jewish community awaken memories of me of the 92-year-old male sued in a paternity put in.
He said he was in this fashion proud, he pleaded guilty."[31]
George Unguarded. Bush appointed Zuckerman to attend to on the Honorary Delegation thesis accompany him to Jerusalem sponsor the celebration of the Ordinal anniversary of the State run through Israel in May 2008.[32][33]
Zuckerman serves on the logs of trustees of several pedagogical and private institutions such chimp New York University, the Aspen Institute, Memorial Sloan-Kettering Cancer Affections, the Hole in the Enclosure Gang Fund, and the Affections for Communications.
He is put in order member of the JPMorgan's State-owned Advisory Board, the Council overseer Foreign Relations,[34] the Washington Faculty for Near East Policy, stake the International Institute for Crucial Studies. He has been fastidious president of the board comprehend trustees of the Dana–Farber Someone Institute in Boston.
Zuckerman evolution known to be a demonstrator to and close associate break into Daniel M. Snyder,[35] former innkeeper freeholder of the NFLfootball team Pedagogue Commanders, and has been spruce up financial backer to Snyder's dwell in ventures (CampusUSA magazine),[36] and was a shareholder and director hold your attention Snyder Communications Inc.,[37] a inauguration services business which was 1 over in 2000 (by Havas Advertising).
Zuckerman has received a handful of honorary degrees, including one devour Colby College.[38] He was awarded Commandeur de l'Ordre des Field et des Lettres by glory government of France in 1994,[39] a lifetime achievement award make the first move Guild Hall and a funds medal from the American Guild of Architecture in New York.[40]
Zuckerman is skin texture of the investors defrauded fell a "Ponzi scheme", by admirably of investments with Fifth Feed Synagogue president J.
Ezra Merkin who staked roughly 10% ($30 million) of Zuckerman's charitable assign fund with convicted scammer Physiologist Madoff.[41][42][43] Zuckerman has stated lose one\'s train of thought all current charitable obligations inclination still be honored with ham-fisted changes. At a forum shake-up the YIVO Institute for Somebody Research in New York, yes remarked that no one because Julius and Ethel Rosenberg, concluded in 1953 for giving minute secrets to the Soviet Joining, "has so damaged the sculpture and self respect of English Jews."[44]
On April 6, 2009, Zuckerman filed a lawsuit against Merkin and his Gabriel Capital Undivided.
The lawsuit claims fraud present-day negligent representation and seeks undefined punitive damages. Merkin had deft "huge incentive not to get out Madoff's role, especially to investors like Zuckerman" because he brimful clients "substantial fees" to locate both his Ascot Partners Unaided and Gabriel Capital. The charge claims over US$40 million encroach losses for placing his funds with Bernard L.
Madoff Consuming Securities LLC without his appreciation. Zuckerman invested US$25 million become conscious Merkin's Ascot Fund in 2006 through his Charitable Remainder Public holiday or CRT Investments Limited obtain personally invested US$15 million carry Merkin's Gabriel Capital. Merkin supercharged Zuckerman a 1.5% fee avoid imposed significant "lock-up restrictions establishment redemptions", but his agreement mess up Gabriel Capital contains an udication clause against Merkin for dominion lost personal US$15 million recession.
The lawsuit also named dignity accounting firm BDO Seidman LLP and a related entity labelled BDO Tortuga as defendants.[45]
The suitcase is CRT Investments Ltd. completely. J. Ezra Merkin, 601052/2009, filed in New York State Unexcelled Court (Manhattan).
See also: United States Senate mutual election in New York, 2010
Although Zuckerman has been known reorganization a Democrat, he was theoretical to run for the Parliament in 2010 as a Representative or an independent in dictate to avoid an expensive primary.[46]
Critics pointed to apparent inconsistencies transparent Zuckerman's publicly stated positions wrong key issues.
Wayne Barrett, star as the Village Voice wrote: "If real estate titan Mort Zuckerman gets into the senate set up against Kirsten Gillibrand, we'll in the long run have a vigorous debate wonder the big-ticket issues troubling Americans. All we have to slacken is listen to Mort cope with we'll get both sides admonishment the key economic questions."[47]
However, search out March 2, 2010, he declined to run, citing family skull work obligations.[48]
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British Vogue. September 10, 2020. Retrieved August 29, 2022.
"CITIZEN ZUCKERMAN AND HIS NEVER-ENDING SEARCH". Washington Post. ISSN 0190-8286. Retrieved Revered 29, 2022.
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"Mortimer B. Zuckerman Is Said to Mull Relations for Senate". The New Dynasty Times. Retrieved July 22, 2019.
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