Joel Wiener

Joel Saul Wiener (born 1948/1949) is an American real estate developer and landlord, and the CEO of Pinnacle Group.

Joel Wiener
Born1948/1949 (age 70–71)[1]
Brooklyn, New York, U.S.
NationalityAmerican
Alma materBrooklyn Law School
OccupationBusinessman
Known forLandlord with 10,000+ apartments in New York City
Net worthUS$1.0 billion (2017)
TitleCEO, Pinnacle Group
Spouse(s)married
Children1 daughter

Early life

Joel Saul Wiener was born in Brooklyn, the son of Paul Wiener.[1][2][3] His brother Arthur Wiener is also a landlord.[2]

Wiener earned a law degree from Brooklyn Law School in 1974.[4]

Career

The family firm, Arthur Holding Company, purchased New York buildings in the 1970s and 1980s.[4] Wiener himself started buying building from the late 1980s onwards.[4] He founded Wiener Realty in 1995.[4]

Through his company, Pinnacle Group, Wiener manages about $2 billion worth of New York City property, 10,000 apartments, almost all rent-regulated, in every borough except Staten Island.[5]

Pinnacle has had extensive funding from the Praedium REIT, including the purchase of Baruch Singer's nearly 3,000 apartments in northern Manhattan for $500 million.[3]

As of 2006, Wiener had been personally sued 84 times.[2] His company has been the "subject of criminal investigations by the Manhattan district attorney and the state attorney general's office; it has been denounced by Representative Charles B. Rangel and other politicians".[1] Wiener "has a reputation for being ruthless among many tenants".[3]

In 2017, Bloomberg News determined that he had reached a new worth of $1.0 billion.[5][6]

Personal life

Wiener is married, with a daughter, and lives in Woodmere, Long Island, New York.[2]

References
  1. "As Landlord Grows, So Does Criticism". The New York Times. 3 September 2006. Retrieved 28 December 2017.
  2. "A Look at the Pinnacle Players and Their Bronx Buildings - Norwood News". 1 June 2006. Retrieved 28 December 2017.
  3. "Housing Wars: Pinnacle of Greed - The Indypendent". indypendent.org. Retrieved 28 December 2017.
  4. "Executive Profile: Joel Wiener". Bloomberg LP. Retrieved 28 December 2017.
  5. Metcalf, Tom (November 20, 2017). "NYC Landlord Becomes a Billionaire, Thanks to Gentrification Boom". Bloomberg News.
  6. "Gentrification Makes NYC Landlord, Joel Wiener, a Billionaire". The Jewish Voice. November 22, 2017.
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