howard lorber net worth forbes

As the President, Chief Executive Officer, and Director of Vector, the total compensation of Howard Lorber at Vector is $11,675,500. [4], Lorber is chairman of fast food chain Nathan's Famous. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website.

Howard has made over 58 trades of the Vector stock since 2004, according to the Form 4 filled with the SEC.

As of 16 December 2019 he still owns at least 20,000 units of Vector stock. [2] He attended Long Island University where he is currently on the board of trustees. The Real Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. Vector Group and Douglas Elliman chief saw compensation jump 40%.

Round-up of top news and topics for each of the following cities: Editorially-curated headlines and news to know for the following areas: The numbers behind office leases, retail, sales and financing. Lorber Hall was named in his honor. The payday represents a 40 percent jump from last year’s compensation, which totaled nearly $30 million, according to a March 25 proxy statement filed with the Securities and Exchange Commission by Elliman’s parent company, Vector Group Ltd., of which Lorber is president and CEO.

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Lorber’s compensation far surpasses that of his peers. Douglas Elliman Chairman Howard Lorber took home a whopping $42.5 million in total pay in 2015, according to regulatory filings. Howard Mark Lorber (born September 8, 1948) is an American businessman and investor. Most recently he bought 13,456 units of VGR stock worth $134,560 on 16 December 2019. Lorber was born to a Jewish family[1] in The Bronx, the son of Charles and Celia (née Benrubi) Lorber[2][3] but grew up in Paramus, New Jersey. [7] Lorber served as one of the top economic advisers to Donald Trump's 2016 presidential campaign. Vector awarded Lorber $30 million in company stock, Howard Lorber says bidding wars are still happening in NYC, Howard Lorber buys waterfront Sunset Islands home for $12M, Howard Lorber’s comp is too damn high: Investors, Second-home tax would be “multiples worse” than Amazon loss: Howard Lorber, Douglas Elliman reports flat sales in 2019, blaming soft NYC market, Howard Lorber flips condo to investment banker Barry Zubrow, Owners of $800M skyscraper skipped on $700K rent for sales gallery.

[2] While he was in college, Lorber joined The Alpha Epsilon Pi fraternity. He is also a trustee of Long Island University. He has also served as Chairman of the Board of Directors since 1987 and Chief Executive Officer from November 1993 to December 2006 of Nathan’s Famous, Inc. (NASDAQ: NATH), a chain of fast food restaurants; Chairman of the Board of Ladenburg Thalmann Financial Services (NYSE American: LTS) from May 2001 to July 2006 and Vice Chairman from July 2006 to February 2020; and as a director of Clipper Realty Inc. (NYSE: CLPR) since July 2015. These cookies will be stored in your browser only with your consent. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. You can see the complete history of Mr. Lorber stock trades at the bottom of the page. Richard Smith, the CEO of Realogy Holdings – parent to Elliman rival the Corcoran Group – took home $9.1 million in 2015. Mr. Lorber was a member of the Board of Directors of Morgans Hotel Group Co. (NASDAQ: MHGC) from March 2015 until November 2016 and served as Chairman from May 2015 to November 2016. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. The estimated Net Worth of Howard M Lorber is at least $88.4 million dollars as of 16 December 2019. There are 5 older and 5 younger executives at Vector. It is mandatory to procure user consent prior to running these cookies on your website. They include use of a company car and driver, membership at two clubs, nearly $300,000 for use of Vector’s corporate plane and a $90,000 allowance for lodging and expenses. He is also the Chairman of Douglas Elliman, a subsidiary of Vector, which is the largest residential real estate brokerage in the New York metropolitan area[2] with 4,000 brokers as of 2014 (and an additional 300 in Florida). Vector is not Lorber’s only source of income. The eye-popping numbers also came with a new, seven-year agreement for Lorber to remain in his position at Vector.

Howard Lorber Net Worth

Necessary cookies are absolutely essential for the website to function properly. Over the last 17 years, insiders at Vector have traded over $644,071,802 worth of Vector stock and bought 7,521,090 units worth $131,044,554 Howard Lorber Net Worth (2020) | wallmine You also have the option to opt-out of these cookies. Howard Lorber is 71, he's been the President, Chief Executive Officer, and Director of Vector since 2006. Howard's mailing address filed with the SEC is C/O VECTOR GROUP LTD., 4400 BISCAYNE BLVD; 10TH FLOOR, MIAMI, FL, 33137. Vector executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. The largest trade he's ever made was exercising 1,303,113 units of Vector stock on 18 November 2019 worth over $11,297,990. Mr. Lorber owns over 13,456 units of Vector stock worth over $197,200 and over the last 17 years he sold VGR stock worth over $76,507,358. In addition, he makes $11,675,500 as President, Chief Executive Officer, and Director at Vector. The Real Estate segment includes acquisition and investments in real estate properties and projects. We also use third-party cookies that help us analyze and understand how you use this website. Mr. Lorber's pertinent experience, qualifications, attributes and skills include the knowledge and experience in the real estate and cigarette industry he has attained through his service as our President and a member of our Board of Directors since 2001 as well as his service as a director of other publicly-traded corporations. And Vornado CEO Steve Roth took home $10.85 million in 2015. Mr. Lorber was Chairman of the Board of Hallman & Lorber Assoc., Inc., consultants and actuaries of qualified pension and profit sharing plans, and various of its affiliates from 1975 to December 2004 and has been a consultant to these entities since January 2005. [8], Timeline of Russian interference in the 2016 United States elections, "Trump picks businessman Howard Lorber to head Holocaust Memorial Council - Jewish businessman, 68, is longtime friend of president and served as economic adviser during campaign", The Real Deal: "Closings - Howard Lorber" By Amir Korangy, The Record: "Celia Benrubi Lorber - Obituary", New York Times: "Howard M. Lorber - The 30-Minute Interview" by VIVIAN MARINO, New York Times: "Paid Notice: Deaths HALLMAN, LOUIS", New York Times: "The Real and the Unreal on Reality TV" by ALEXEI BARRIONUEVO, "Donald Trump's new team of billionaire advisers could threaten his populist message", History of private equity and venture capital, https://en.wikipedia.org/w/index.php?title=Howard_Lorber&oldid=984838296, American chief executives of food industry companies, Private equity and venture capital investors, American business biography, 1940s birth stubs, Articles with unsourced statements from August 2018, Creative Commons Attribution-ShareAlike License, This page was last edited on 22 October 2020, at 12:10.

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