Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#549 Jerry Irving Speyer $3.59B

Random fact: Co-CEO of Tishman Speyer with son Rob for seven years.


Speyer is founder and chairman of Tishman Speyer, a closely held real estate company that owns Manhattan's Rockefeller Center and Chrysler Building. The New York-based company began developing and operating properties in 1978. It owns a collection of real estate in China, Europe, India and Latin America.

As of July 22, 2017:
Last change -$25.9M (-0.7%)
YTD change -$33.7M (-0.9%)
Industry Real Estate
Biggest asset Tishman Speyer
Citizenship United States
Age 77
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Jerry Irving Speyer's net worth of $3.59B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Speyer and his family own Tishman Speyer, a closely held real estate company that's assembled property holdings in China, Europe, India and Latin America since 1978, according to the company's website. It's valued using the average enterprise value-to-Ebitda multiple of three publicly traded peer companies: Vornado Realty Trust, Boston Properties and SL Green Realty.

The firm's revenue is calculated in this analysis to be about $838 million in 2016, which was derived by extrapolating revenue of 50 million pounds ($68 million) reported by Tishman Speyer's European subsidiary in 2016 across the firm's whole group of assets. An Ebitda margin of 33 percent was applied to this calculated revenue figure based on discussions with Andrew Baum, chairman and founder of real estate consultancy Property Funds Research.

Speyer owns 25 percent of the company and his son Rob, who's chief executive officer of Tishman Speyer, owns the balance, according to a March 2017 filing with the U.S. Securities and Exchange Commission. Speyer is credited with the whole company to reflect his status as founder.

Suzanne Halpin, an external spokeswoman at New York-based Rubenstein, declined to comment on Speyer's net worth.


Birthdate: 6/23/1940
Family: Married, 4 children
Education: Columbia College, Bachelor's Degree Columbia Graduate School of Business, MBA

Jerry Speyer is an American citizen, who co-founded the real estate group Tishman Speyer with Robert Tishman in 1978. His mother was Swiss and his father, who came from one of the old Jewish families of Frankfurt, fled Germany in 1939, according to a Dec. 20, 1998 article in the New York Times. Speyer grew up in a German-Jewish household on Riverside Drive in New York City. He studied German literature at Columbia University where he joined the Zeta Beta Thau fraternity and graduated in 1962. He received his MBA from Columbia University Graduate School of Business two years later, according to the school's website.

While in business school he met his first wife Lynne Tishman and they got married in 1963. Her father Robert was the head of the oldest New York real-estate family, according to the New York Times. Speyer joined his father-in-law's group as his assistant in 1966 and became vice-president by 1970. At the time, Tishman Realty was a publicly traded company and was the largest "builder-owner" in the United States, according to the paper. The Tishmans decided to liquidate their 75-year-old company in the 1970s. The stock was trading at $8 a share, but the value of the liquidation was almost four times as great, according to the Times. Jerry and Robert created Tishman Speyer in 1978.

Speyer's son Rob, a former reporter at the New York Daily News, joined the company's re-development unit in 1998, modernizing the headquarters of Colgate Palmolive which they bought for $180 million. Rob was named co-CEO in 2008 and became sole chief executive in 2015 with his father remaining as chairman, according to a Sept. 28, 2015 Bloomberg article.

The billionaire lives in New York with his wife and they have four children.

  • 1939 Father flees Frankfurt, Germany and moves to New York.
  • 1963 Marries first wife Lynne Tishman, whose father is Robert Tishman.
  • 1964 Graduates from Columbia Business School.
  • 1966 Joins Tishman Realty as his father-in-law's assistant.
  • 1978 Co-founds Tishman Speyer with Robert Tishman.
  • 1987 Separates from his first wife Lynne.
  • 1997 Buys the Chrysler Building for $200 million.
  • 2015 Remains chairman as son Rob becomes Tishman Speyer's sole chief executive.