George M. Marcus
George M. Marcus (born 1941) is a Greek-American billionaire real estate broker, the co-founder and chairman of Marcus & Millichap, and founder and chairman of Essex Property Trust.[2][3]
George M. Marcus | |
|---|---|
| Born | George Moutsanas 1941 (age 78–79) Euboea, Greece |
| Nationality | American |
| Education | San Francisco State University |
| Occupation | Real estate broker |
| Known for | Founder and chairman of Marcus & Millichap Co-owner of Essex Property Trust |
| Net worth | US$1.5 billion (January 2020)[1] |
| Title | Chairman, Essex Property Trust |
| Spouse(s) | Judy Marcus |
| Website | https://www.mmcrealestate.com/ |
Early life
He was born George Moutsanas in Euboea, Greece, in 1941, and migrated to the US with his family in 1945, aged four.[4][5]
He earned a bachelor's degree in economics from San Francisco State University (SFSU) in 1965.[2]
Career
In 1971, he co-founded Marcus & Millichap,[1] with William A. Millichap.
Marcus is founder and chairman of Essex Property Trust.[5][3] He owned 2.4% stake.[1]
During the 1980s he was a trustee of the California State University and is a member of the CSU Foundation's board of governors. He also served 12 years as a University of California regent.[6]
Personal life
His wife Judy Otten Marcus graduated from SFSU in 1962 with a degree in recreation, and is a former physical education teacher.[6]
Marcus lives in Los Altos Hills, California.[1]
Philanthropy
Marcus and his wife Judy donated $3 million to help found SFSU’s International Center for the Arts.[4]
In 2017, Marcus donated $1 million to Hellenic College Holy Cross Greek Orthodox School of Theology.[4]
In 2018, George and Judy Marcus donated $25 million to SFSU to establish the George and Judy Marcus Funds for Excellence in the Liberal Arts. The funds will support students and faculty in liberal and creative art programs at the school and make enhancements in its Department of Creative Writing and the School of Cinema. This donation follows a $1.8 million donation the year before to establish an athletics scholarship fund at the school.[6]
In 2020, Marcus donated $2 million to the reconstruction of the St. Nicholas Greek Orthodox Church at the World Trade Center in New York City, adding to the $1 million that he had previously donated.[7]
References
- "Forbes profile: George Marcus". Forbes. Retrieved January 23, 2020.
- Stocks (April 26, 2017). "Stocks". Bloomberg. Retrieved April 30, 2017.
- Sheyner, Gennady (June 17, 2011). "Profile: The many worlds of George Marcus". Palo Alto Online. Retrieved December 4, 2018.
- Kalmoukos, Theodore (February 5, 2017). "George Marcus Donates $1 Million to Hellenic College – Holy Cross". The National Herald. Retrieved May 19, 2017.
- "George M. Marcus - From Euboea to the Forbes billionaires’ list". ellines.com. Retrieved August 1, 2017.
- Asimov, Nanette (November 26, 2018). "Gift of $26.8 million from real estate mogul and wife biggest in SFSU history". SFChronicle.com. Retrieved December 4, 2018.
- "Prominent Greek-American Businessman and Philanthropist George Marcus Donates $2.0 More Million to St. Nicholas". The National Herald. February 12, 2020. Retrieved February 13, 2020.