Ben Ashkenazy

$1.57 B

Ranked #2483 in World

About Ben Ashkenazy

In the realm of real estate titans, American billionaire Ben Ashkenazy stands out as the founder, CEO, and principal owner of Ashkenazy Acquisition Corporation, steering a commanding $12 billion property empire with a personal net worth of $2.6 billion as of February 2024. An Israeli native, Ashkenazy cut his teeth in the New York real estate scene with guidance from his father Izzy Ashkenazy. Building his portfolio from a young age, he secured iconic assets such as the Grosvenor House Hotel in London and New York's Plaza Hotel. Ashkenazy's mark extends to his personal life, where he champions Jewish heritage, supports Euroleague Basketball's Maccabi Tel Aviv B.C., and resides in an opulent Fifth Avenue abode.

Born

September 23, 1969

Age

56 years

Source Of Wealth

Real Estate

Industries

Real Estate

Citizenship

United States

Residence

New York, New York

Education

Drop Out, Adelphi University

Spouse

Debra Ashkenazy

Children

Ben Ashkenazy, the American billionaire real estate developer, was born in Israel and raised in Lawrence, Long Island, New York. His father, Izzy Ashkenazy, was also a successful real estate businessman, and Ben grew up immersed in the world of property development. Ben is of Jewish descent.

Ben Ashkenazy: Family

Ben Ashkenazy is married to Debra Ashkenazy, and they have three children together. The family resides in a luxurious apartment on New York City's prestigious Fifth Avenue.

Ben Ashkenazy: Career Highlights

Ben Ashkenazy's career in real estate began at a young age when he purchased his first property at just 18 years old. Despite attending night classes at Adelphi University, he did not graduate but instead chose to focus on his real estate ventures. In 1987, he founded Ashkenazy Acquisition Corporation, which has since grown into a multi-billion dollar company.

Some of Ben Ashkenazy's notable career highlights include the purchase of London's Old Spitalfields Market in 2013 (which was later sold), the acquisition of London's Grosvenor House Hotel for $750 million in 2017, and the establishment of a long-term lease agreement with the city of Boston for Faneuil Hall Marketplace. Additionally, he leases Washington, D.C.'s iconic Union Station and holds a $70 million stake in New York's Plaza Hotel. In November 2019, Ashkenazy further expanded his portfolio by purchasing the Ferndale Shopping Center in Larchmont for $35 million.

Ben Ashkenazy: Companies

Ben Ashkenazy is the founder, CEO, and majority owner of Ashkenazy Acquisition Corporation, a privately held real estate investment and development company based in New York City. The company's portfolio includes over $12 billion worth of properties across the United States and Europe.

Ben Ashkenazy: Major Achievements

Ben Ashkenazy's major achievements include building a multi-billion dollar real estate empire from the ground up, transforming iconic landmarks like London's Old Spitalfields Market and Grosvenor House Hotel, and securing long-term lease agreements with major cities for prominent properties such as Faneuil Hall Marketplace and Union Station.

Ben Ashkenazy: Awards & Achievements

Ben Ashkenazy has received numerous awards and accolades for his contributions to the real estate industry.

These include the prestigious Ernst & Young Entrepreneur of the Year Award in 2006 and the Real Estate Board of New York's Deal of the Year Award in 2017 for his acquisition of the Grosvenor House Hotel.

Ben Ashkenazy: Personal Life & Legacy

Outside of his professional pursuits, Ben Ashkenazy is known for his extravagant lifestyle and high-profile social events. He made headlines when he hired renowned rapper Drake to perform at his daughter's bat mitzvah. Ashkenazy is also a minority owner of the Euroleague Basketball club Maccabi Tel Aviv B.C., demonstrating his passion for sports.

Ben Ashkenazy: Trivia

Ben Ashkenazy is known for his keen eye for undervalued properties and his ability to transform them into thriving assets. He is also known for his philanthropic efforts, supporting various charitable organizations and causes.

Wealth History

Timeline

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Ben Ashkenazy was born in Israel and grew up in Lawrence, Long Island, New York.

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Ben Ashkenazy's father, Izzy Ashkenazy, was a real estate businessman.

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Ben Ashkenazy is of Jewish descent.

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Ben Ashkenazy bought his first property at the age of 18.

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Ben Ashkenazy attended night classes at Adelphi University but did not graduate.

1987

Ben Ashkenazy founded Ashkenazy Acquisition Corporation.

2013

Ben Ashkenazy bought London's Old Spitalfields Market (later sold).

July 2017

Ben Ashkenazy bought London's Grosvenor House Hotel for $750 million.

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Ben Ashkenazy has a long-term lease agreement with Boston for Faneuil Hall Marketplace.

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Ben Ashkenazy leases Washington DC's Union Station.

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Ben Ashkenazy has a $70 million stake in New York's Plaza Hotel.

November 2019

Ben Ashkenazy purchased Ferndale Shopping Center in Larchmont for $35 million.

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Ben Ashkenazy is married to Debra Ashkenazy and they have three children.

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Ben Ashkenazy lives on New York City's Fifth Avenue.

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Ben Ashkenazy hired rapper Drake to perform at his daughter's bat mitzvah.

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Ben Ashkenazy is a minority owner of Euroleague Basketball club Maccabi Tel Aviv B.C.

Ben Ashkenazy : FAQs

What is Ben Ashkenazy's current net worth?

Ben Ashkenazy's current net worth is $1.57 billion.

What is Ben Ashkenazy's current global rank among billionaires?

Ben Ashkenazy holds the 2483rd position globally among billionaires.

What is Ben Ashkenazy's current ranking within the United States?

Ben Ashkenazy holds the 774th position in United States.

What was the change in Ben Ashkenazy's net worth compared to the previous year?

Ben Ashkenazy's net worth decreased by 0 million dollars compared to the previous year 2025, when his net worth was 1.57 billion dollars.

What are Ben Ashkenazy's main sources of wealth?

Ben Ashkenazy's main source of income comes from Real Estate.

In which industry does Ben Ashkenazy primarily operate?

Ben Ashkenazy is primarily involved in the Real Estate industry.

What is Ben Ashkenazy educational background?

Ben Ashkenazy is a dropout from Adelphi University.

How old is Ben Ashkenazy?

Ben Ashkenazy is 56 years old.

How many children does Ben Ashkenazy have?

Ben Ashkenazy has 3 children.

Who is Ben Ashkenazy, the American billionaire real estate developer?

Ben Ashkenazy is an American billionaire real estate developer, founder, CEO, and majority owner of Ashkenazy Acquisition Corporation, known for his $12 billion property portfolio and an estimated net worth of US$2.6 billion as of February 2024.

Can you detail some of the significant property investments by Ben Ashkenazy?

Ben Ashkenazy has made several notable property investments, including buying London's Old Spitalfields Market in 2013, acquiring the Grosvenor House Hotel for $750 million in July 2017, entering into a long-term lease for Boston's Faneuil Hall Marketplace, leasing Washington DC's Union Station, owning a $70 million stake in New York's Plaza Hotel, and purchasing Ferndale Shopping Center in Larchmont for $35 million in November 2019.

What can you tell us about Ben Ashkenazy's personal life and family?

Ben Ashkenazy is married to Debra Ashkenazy and they have three children. They reside on New York City's Fifth Avenue. Known for his lavish lifestyle, he hired rapper Drake to perform at his daughter's bat mitzvah and is also a minority owner of the Euroleague Basketball club Maccabi Tel Aviv B.C.

How did Ben Ashkenazy start his career in real estate?

Ben Ashkenazy began his real estate career at the young age of 18 when he bought his first property. He later founded Ashkenazy Acquisition Corporation in 1987, and since then, has amassed a significant real estate portfolio, becoming a prominent figure in the industry.