Tamir Sapir net worth $1.4 billion 2010, Born behind the Iron Curtain in Tbilisi, Georgia, Mr. Sapir left the Soviet Union in 1973 in a wave of Jewish emigration, first settling in Israel then migrating to the United States. He began his meteoric rise in the business community by buying and mortgaging a taxi medallion in New York City and investing his life savings to open a wholesale electronics store on lower Fifth Avenue, which became an enclave for New York's growing Russian community and for visiting Soviet dignitaries and trade delegations seeking to purchase state-of-the-art electronics. In 1985, he was invited to join a delegation of U.S officials and corporate members in of the U.S.-U.S.S.R.
Trade and Economics Council, the main East-West trade organization of the Soviet era. He became a member of the council, which organized meeting between U.S. corporations and Soviet officials to improve trade. Mr. Sapir was one of the major foreign partners for the emerging oil industry in Russia. Mr. Sapir is extremely generous and provides support and funding for Russian émigrés seeking to make America their home. He is active in the Russian and Georgian communities, where he has gained a reputation for his philanthropy. He strongly believes in preserving Georgian culture and helping other former-Soviet Union immigrants get started in the U.S. He is on the Board of Directors of the Council of Jewish Émigré Community Organizations (COJECO), a UJA-Federation grantee, and the central coordinating body for Jewish émigrés from the former Soviet Union, for which he provides free office space. Mr. Sapir received the Ellis Island Medal of Honor in 2000 from the National Ethnic Coalition of Organizations. Mr. Sapir built the Congregation of Georgian Jew Synagogue in Rego Park, Queens, as well as a synagogue in Israel. He is an avid collector of rare European ivory, building a world-class collection destined for a future museum he is planning. He also provides support for charitable organizations such as the Russian Gift of Life, Inc.; The Russian Children's Welfare Society; and the Scholarship fund. In 2005, Mr. Sapir was honored by the New York Association for New Americans, a UJA-Federation beneficiary agency, for his staunch support of the organization's mission of providing financial support and guidance to new immigrants. ... Founded by Tamir Sapir, chairman, the company has developed residential and multi-use projects under the leadership of Alex Sapir and vice president Zina Sapir-Rosen. ... Founded by Tamir Sapir, chairman, the company has embarked on residential and multi-use projects under the leadership of Alex Sapir, president and Zina Sapir-Rosen, vice president. News | The Sapir Organization www.sapir.com [cached] Founded by Chairman Tamir Sapir, the company is embarking on ambitious new residential and multi-use projects under the leadership of its President Alex Sapir.. The Sapir Organization owns significant architectural landmarks throughout Manhattan including 11 Madison Avenue and the Duke Semans Mansion, as well as 2 Broadway, 260 Madison Avenue, 261 Madison Avenue, 384 Fifth Avenue, 100 Church Street, and two residential buildings, 50 Murray Street and 53 Park Place. Additionally, the company is expanding its reach with SDS Investments, an investment and development company that funds a wide range of real estate projects. Sapir is at the forefront of the revitalization of downtown Manhattan and currently has projects in the U.S. and Mexico in excess of $1.5 billion. ... Tamir Sapir Named Honorary Chairman of Anniversary Awards Dinner from New York Association for New Americans ... Tamir Sapir Receives Torch of Honor Award from New York Association for New Americans Alex Sapir, who took over as ... nyc-architecture.com, 31 July 2009 [cached] Alex Sapir, who took over as president of the Sapir Organization in 2006 While it seemed to start well, 2009 has been a rough year thus far for the Sapir Organization, the family-owned real estate empire led by Alex Sapir and his enigmatic father Tamir. ... If that wasn't enough, Tamir, whose net worth has been estimated at $1.4 billion, faced legal issues for an incident in which he docked his beloved multi-million dollar yacht, the Mystere, in Florida, and U.S. Customs officials found an array of illegal exotic animal items, ranging from elephant tusks to endangered cat skins, decorating the vessel. He pled guilty to violating the Endangered Species Act and was fined $150,000. ... Tamir Sapir immigrated to Israel from Tbilisi, Georgia, in 1973, before settling in Louisville, Ky., where he worked as a bus driver. He later became a taxi driver in New York - and, according to published reports, borrowed against his taxi medallion to get his businesses off the ground. He partnered with a Russian Jewish émigré named Sam Kislin to operate Joy Lud International Distributors on Fifth Avenue, and amassed a small fortune by trading consumer electronics to the Soviet Union in exchange for the rights to distribute Russian oil and fertilizer in the U.S. Like many other immigrant businessmen before him, Sapir tried his luck at real estate. In 1993 he founded Zar Realty Management, buying distressed assets and upgrading them into lucrative commercial properties. He quickly became a man to watch in the industry, and developed an appetite for big deals and big spending, acquiring an 11-acre estate in Kings Point, Long Island, and his 156-foot yacht, the Mystere. In 2006, Sapir made a huge splash by buying the legendary Duke Semans Mansion on Fifth Avenue across from the Metropolitan Museum of Art for a record $40 million. At the time, Forbes reported that the billionaire had planned to use it to display his ivory collection. ... In 1995, Sapir acquired 2 Broadway in a bankruptcy sale from Olympia & York for $21 million. The move set up a fight with nearly disastrous consequences. In 1998, Sapir entered into a 49-year contract to lease the building to the Metropolitan Transportation Authority and spend more than $100 million to upgrade it. Sapir tapped Fred Contini, a vice president at Zar, to oversee the project. ... The results were bad, with the MTA accusing Sapir of reneging on his promise to upgrade the property. The agency stopped paying rent and banned Sapir from its headquarters. The parties ultimately faced off in an ugly three-year court battle involving at least five different suits and countersuits between Sapir, the MTA and others. ... Although Sapir survived the MTA saga, he had developed a reputation as a ruthless landlord who was unforgiving with brokers. In 2004, CB Richard Ellis and Newmark & Co. filed suit against the developer after he failed to pay thousands of dollars in commissions at another property, 260-261 Madison. Sapir's troubled history with commercial brokers has left many unwilling to bring clients to its properties. "They simply refused to play the game that everybody else plays," said a Manhattan-based commercial broker, who asked not to be identified. "As a result, they didn't play well in the brokerage community." That reputation may have helped destroy one of Sapir's biggest leasing coups of the decade: In 2005, the Toy Industry Association announced plans to lease a whopping 400,000 square feet at 100 Church, a building Sapir acquired in 1997, which had the largest contiguous available space in Lower Manhattan. But the association mysteriously backed out and Cushman & Wakefield pulled out as the exclusive listing broker. Overcoming reputations Sapir's 2009 guilty plea on charges that his yacht's holding company (the Cayman Islands-based Ruzial Ltd.) illegally imported 29 exotic animal items into the U.S. in 2007 only furthers an image of a billionaire straight out of a James Bond flick. According to the Fort Lauderdale based Sun-Sentinel, the items brought by Sapir into Port Everglades on the company yacht included an entire stuffed lion, a mounted tiger head and cigarette cases and bar stools covered with reticulated python skin. Sandy Weinberg, Sapir's Florida attorney, was quoted by the Sun-Sentinel as saying the skins were antiques, "legally purchased," and that Sapir was simply lacking "proper documentation" of them. ... Earlier, in 2006, looking to overcome his reputation, Sapir named his son, Alex, president of the company. Playthings.com--The First and Only Toy Business Authority www.playthings.com, 21 Oct 2005 [cached] The building owner, Tamir 'Tham' Sapir, owner of Zar Realty, is the firm that owns 11 Madison Ave., the former Metropolitan Life building and currently the home to Credit Suisse First Boston. The selection is subject to final negotiations with Sapir, as well as an understanding with New York City and the Jacob Javits Convention Center concerning that building's availability and suitability for future Toy Fairs, according to Rubin. News | The Sapir Organization www.sapir.com [cached] Tamir Sapir Receives Torch of Honor Award from New York Association for New Americans NEW YORK- Tamir Sapir, chairman of The Sapir Organization, was honored at the Fourth Annual Torch of Honor Awards dinner given by the New York Association for New Americans (NYANA) on November 10, 2005. Mr. Sapir was recognized for his outstanding support of the NYANA mission of providing financial assistance and guidance to new immigrants. Mr. Sapir has built a substantial real estate portfolio in Manhattan after immigrating from the former Soviet Union almost three decades ago. The Sapir Organization is a family owned, multinational New York based real estate holding and development company, with over 7 million square feet of prime Manhattan commercial office space. In addition to 100 Church Street the company owns 11 Madison Ave, 2 Broadway, 260-261 Madison Avenue, 384 Fifth Ave, as well as two converted residential buildings 50 Murray Street and 53 Park Place, among other properties located in lower Manhattan. "We are thrilled to present this award to Tamir Sapir who is truly an American success story. Tamir is an extraordinary example of the spirit and opportunity America offers immigrants of the world," said Michael Loeb, chairman of NYANA's Board of Directors. ... Mr. Sapir left the Soviet Union in the early 1970's. He settled in Israel and then migrated to the United States where his life in the business community began with the purchase of a taxi medallion in New York City. He then mortgaged the medallion and invested his life savings in a wholesale electronics store on Fifth Avenue which subsequently became a major retail consumer outlet for the Russian community, visiting Soviet dignitaries and trade delegations seeking to purchase state-of-the-art electronics. As a result of his business dealings, Mr. Sapir was invited to join the U.S.-U.S.S.R. Trade and Economic Council. His membership on the council lead to Mr. Sapir establishing a trading business, Joy Lud International Distributors, Inc. Subsequently, Mr. Sapir became one of the major foreign distribution partners for the oil industry in Russia. His financial success in the oil industry paved the way for his dramatic climb in Manhattan real estate, leading to current portfolio of over 7 million square feet of prime Manhattan commercial space. Mr. Sapir's philanthropic work in the Russian community is extensive. He is a firm believer in the preservation of culture and provides assistance to those from the former Soviet Union to begin their new life in the United States. In recognition of his many achievements he received the Ellis Island Medal of Honor in 2000. He is on the Board of Directors of the Council of Jewish Émigré Community Organizations. He also provides support for many charitable organizations such as the Russian Gift of Life, Inc., The Russian Children's Welfare Society and the Scholarship Fund.. His philanthropic work outside the Russian community includes The Starlight Children's Foundation, Habitat for Humanity, the National Tourette Syndrome Association, the American Opera Music Theater Company and Madison Square Park Conservatory, among many others. In addition to his many charitable activities, Mr. Sapir has funded the construction of synagogues both in the United States and abroad.
Trade and Economics Council, the main East-West trade organization of the Soviet era. He became a member of the council, which organized meeting between U.S. corporations and Soviet officials to improve trade. Mr. Sapir was one of the major foreign partners for the emerging oil industry in Russia. Mr. Sapir is extremely generous and provides support and funding for Russian émigrés seeking to make America their home. He is active in the Russian and Georgian communities, where he has gained a reputation for his philanthropy. He strongly believes in preserving Georgian culture and helping other former-Soviet Union immigrants get started in the U.S. He is on the Board of Directors of the Council of Jewish Émigré Community Organizations (COJECO), a UJA-Federation grantee, and the central coordinating body for Jewish émigrés from the former Soviet Union, for which he provides free office space. Mr. Sapir received the Ellis Island Medal of Honor in 2000 from the National Ethnic Coalition of Organizations. Mr. Sapir built the Congregation of Georgian Jew Synagogue in Rego Park, Queens, as well as a synagogue in Israel. He is an avid collector of rare European ivory, building a world-class collection destined for a future museum he is planning. He also provides support for charitable organizations such as the Russian Gift of Life, Inc.; The Russian Children's Welfare Society; and the Scholarship fund. In 2005, Mr. Sapir was honored by the New York Association for New Americans, a UJA-Federation beneficiary agency, for his staunch support of the organization's mission of providing financial support and guidance to new immigrants. ... Founded by Tamir Sapir, chairman, the company has developed residential and multi-use projects under the leadership of Alex Sapir and vice president Zina Sapir-Rosen. ... Founded by Tamir Sapir, chairman, the company has embarked on residential and multi-use projects under the leadership of Alex Sapir, president and Zina Sapir-Rosen, vice president. News | The Sapir Organization www.sapir.com [cached] Founded by Chairman Tamir Sapir, the company is embarking on ambitious new residential and multi-use projects under the leadership of its President Alex Sapir.. The Sapir Organization owns significant architectural landmarks throughout Manhattan including 11 Madison Avenue and the Duke Semans Mansion, as well as 2 Broadway, 260 Madison Avenue, 261 Madison Avenue, 384 Fifth Avenue, 100 Church Street, and two residential buildings, 50 Murray Street and 53 Park Place. Additionally, the company is expanding its reach with SDS Investments, an investment and development company that funds a wide range of real estate projects. Sapir is at the forefront of the revitalization of downtown Manhattan and currently has projects in the U.S. and Mexico in excess of $1.5 billion. ... Tamir Sapir Named Honorary Chairman of Anniversary Awards Dinner from New York Association for New Americans ... Tamir Sapir Receives Torch of Honor Award from New York Association for New Americans Alex Sapir, who took over as ... nyc-architecture.com, 31 July 2009 [cached] Alex Sapir, who took over as president of the Sapir Organization in 2006 While it seemed to start well, 2009 has been a rough year thus far for the Sapir Organization, the family-owned real estate empire led by Alex Sapir and his enigmatic father Tamir. ... If that wasn't enough, Tamir, whose net worth has been estimated at $1.4 billion, faced legal issues for an incident in which he docked his beloved multi-million dollar yacht, the Mystere, in Florida, and U.S. Customs officials found an array of illegal exotic animal items, ranging from elephant tusks to endangered cat skins, decorating the vessel. He pled guilty to violating the Endangered Species Act and was fined $150,000. ... Tamir Sapir immigrated to Israel from Tbilisi, Georgia, in 1973, before settling in Louisville, Ky., where he worked as a bus driver. He later became a taxi driver in New York - and, according to published reports, borrowed against his taxi medallion to get his businesses off the ground. He partnered with a Russian Jewish émigré named Sam Kislin to operate Joy Lud International Distributors on Fifth Avenue, and amassed a small fortune by trading consumer electronics to the Soviet Union in exchange for the rights to distribute Russian oil and fertilizer in the U.S. Like many other immigrant businessmen before him, Sapir tried his luck at real estate. In 1993 he founded Zar Realty Management, buying distressed assets and upgrading them into lucrative commercial properties. He quickly became a man to watch in the industry, and developed an appetite for big deals and big spending, acquiring an 11-acre estate in Kings Point, Long Island, and his 156-foot yacht, the Mystere. In 2006, Sapir made a huge splash by buying the legendary Duke Semans Mansion on Fifth Avenue across from the Metropolitan Museum of Art for a record $40 million. At the time, Forbes reported that the billionaire had planned to use it to display his ivory collection. ... In 1995, Sapir acquired 2 Broadway in a bankruptcy sale from Olympia & York for $21 million. The move set up a fight with nearly disastrous consequences. In 1998, Sapir entered into a 49-year contract to lease the building to the Metropolitan Transportation Authority and spend more than $100 million to upgrade it. Sapir tapped Fred Contini, a vice president at Zar, to oversee the project. ... The results were bad, with the MTA accusing Sapir of reneging on his promise to upgrade the property. The agency stopped paying rent and banned Sapir from its headquarters. The parties ultimately faced off in an ugly three-year court battle involving at least five different suits and countersuits between Sapir, the MTA and others. ... Although Sapir survived the MTA saga, he had developed a reputation as a ruthless landlord who was unforgiving with brokers. In 2004, CB Richard Ellis and Newmark & Co. filed suit against the developer after he failed to pay thousands of dollars in commissions at another property, 260-261 Madison. Sapir's troubled history with commercial brokers has left many unwilling to bring clients to its properties. "They simply refused to play the game that everybody else plays," said a Manhattan-based commercial broker, who asked not to be identified. "As a result, they didn't play well in the brokerage community." That reputation may have helped destroy one of Sapir's biggest leasing coups of the decade: In 2005, the Toy Industry Association announced plans to lease a whopping 400,000 square feet at 100 Church, a building Sapir acquired in 1997, which had the largest contiguous available space in Lower Manhattan. But the association mysteriously backed out and Cushman & Wakefield pulled out as the exclusive listing broker. Overcoming reputations Sapir's 2009 guilty plea on charges that his yacht's holding company (the Cayman Islands-based Ruzial Ltd.) illegally imported 29 exotic animal items into the U.S. in 2007 only furthers an image of a billionaire straight out of a James Bond flick. According to the Fort Lauderdale based Sun-Sentinel, the items brought by Sapir into Port Everglades on the company yacht included an entire stuffed lion, a mounted tiger head and cigarette cases and bar stools covered with reticulated python skin. Sandy Weinberg, Sapir's Florida attorney, was quoted by the Sun-Sentinel as saying the skins were antiques, "legally purchased," and that Sapir was simply lacking "proper documentation" of them. ... Earlier, in 2006, looking to overcome his reputation, Sapir named his son, Alex, president of the company. Playthings.com--The First and Only Toy Business Authority www.playthings.com, 21 Oct 2005 [cached] The building owner, Tamir 'Tham' Sapir, owner of Zar Realty, is the firm that owns 11 Madison Ave., the former Metropolitan Life building and currently the home to Credit Suisse First Boston. The selection is subject to final negotiations with Sapir, as well as an understanding with New York City and the Jacob Javits Convention Center concerning that building's availability and suitability for future Toy Fairs, according to Rubin. News | The Sapir Organization www.sapir.com [cached] Tamir Sapir Receives Torch of Honor Award from New York Association for New Americans NEW YORK- Tamir Sapir, chairman of The Sapir Organization, was honored at the Fourth Annual Torch of Honor Awards dinner given by the New York Association for New Americans (NYANA) on November 10, 2005. Mr. Sapir was recognized for his outstanding support of the NYANA mission of providing financial assistance and guidance to new immigrants. Mr. Sapir has built a substantial real estate portfolio in Manhattan after immigrating from the former Soviet Union almost three decades ago. The Sapir Organization is a family owned, multinational New York based real estate holding and development company, with over 7 million square feet of prime Manhattan commercial office space. In addition to 100 Church Street the company owns 11 Madison Ave, 2 Broadway, 260-261 Madison Avenue, 384 Fifth Ave, as well as two converted residential buildings 50 Murray Street and 53 Park Place, among other properties located in lower Manhattan. "We are thrilled to present this award to Tamir Sapir who is truly an American success story. Tamir is an extraordinary example of the spirit and opportunity America offers immigrants of the world," said Michael Loeb, chairman of NYANA's Board of Directors. ... Mr. Sapir left the Soviet Union in the early 1970's. He settled in Israel and then migrated to the United States where his life in the business community began with the purchase of a taxi medallion in New York City. He then mortgaged the medallion and invested his life savings in a wholesale electronics store on Fifth Avenue which subsequently became a major retail consumer outlet for the Russian community, visiting Soviet dignitaries and trade delegations seeking to purchase state-of-the-art electronics. As a result of his business dealings, Mr. Sapir was invited to join the U.S.-U.S.S.R. Trade and Economic Council. His membership on the council lead to Mr. Sapir establishing a trading business, Joy Lud International Distributors, Inc. Subsequently, Mr. Sapir became one of the major foreign distribution partners for the oil industry in Russia. His financial success in the oil industry paved the way for his dramatic climb in Manhattan real estate, leading to current portfolio of over 7 million square feet of prime Manhattan commercial space. Mr. Sapir's philanthropic work in the Russian community is extensive. He is a firm believer in the preservation of culture and provides assistance to those from the former Soviet Union to begin their new life in the United States. In recognition of his many achievements he received the Ellis Island Medal of Honor in 2000. He is on the Board of Directors of the Council of Jewish Émigré Community Organizations. He also provides support for many charitable organizations such as the Russian Gift of Life, Inc., The Russian Children's Welfare Society and the Scholarship Fund.. His philanthropic work outside the Russian community includes The Starlight Children's Foundation, Habitat for Humanity, the National Tourette Syndrome Association, the American Opera Music Theater Company and Madison Square Park Conservatory, among many others. In addition to his many charitable activities, Mr. Sapir has funded the construction of synagogues both in the United States and abroad.
Title: Tamir Sapir net worth $1.4 billion 2010
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