Jeff Sutton

$2.69 B

Ranked #1519 in World

About Jeff Sutton

Jeff Sutton, an esteemed American billionaire and real estate mogul, founder of Wharton Properties, has made a profound impact on the New York real estate landscape. With a net worth pegged at $2.3 billion by Forbes in December 2023, Sutton developed his fortune through savvy acquisitions and strategic tenancies. Born to a Syrian Jewish family in Gravesend, Brooklyn, and a University of Pennsylvania alumnus, he pioneered a business model that focused on securing prime locations for national retail chains. His portfolio boasts iconic properties including the American Eagle and Armani flagship stores at Broadway and Fifth Avenue, among others. Married with five children, Sutton also owns a significant residential property in Deal, New Jersey, highlighting his vast influence in both commercial and residential real estate sectors.

Born

January 17, 1960

Age

66 years

Source Of Wealth

Real Estate

Industries

Real Estate

Citizenship

United States

Residence

New York, New York

Education

Bachelor of Arts/Science, University of Pennsylvania, The Wharton School

Spouse

Rachel Sutton

Children

Jeff Sutton, an American billionaire real estate developer and founder of Wharton Properties, was born into a Syrian Jewish family in Gravesend, Brooklyn. He graduated with a Bachelor of Arts and Bachelor of Science from the University of Pennsylvania in 1981.

Jeff Sutton: Family

Jeff Sutton is married to Rachel and has five children.

Jeff Sutton: Career Highlights

Jeff Sutton entered the New York real estate industry by identifying potential tenants, determining store locations, and buying out leases. His successful strategy with Payless Shoes in the early 1990s and CVS Pharmacy in lower Manhattan in the late 1990s propelled his career. Sutton emphasizes securing triple-A national retail chains as tenants, ensuring the long-term success of his properties.

Jeff Sutton: Companies

Jeff Sutton is the founder and chairman of Wharton Properties, a privately held real estate investment and development company based in New York City. Wharton Properties owns and operates a diverse portfolio of commercial properties, primarily in Manhattan.

Jeff Sutton: Major Achievements

Jeff Sutton has transformed the New York City retail landscape through his strategic acquisitions and developments. Some of his notable achievements include:

American Eagle Outfitters store at Broadway and Houston Street
717 Fifth Avenue with Armani flagship store
720 Fifth Avenue with Abercrombie & Fitch store
609 Fifth Avenue with American Girl store
1551 Broadway with American Eagle Outfitters flagship store
1515 Broadway with Aeropostale lease
141 Fifth Avenue with Cole Haan store
379 West Broadway with Polo Ralph Lauren store
747 Madison Avenue with Valentino flagship store
1552 Broadway, site of Times Square T.G.I. Friday's

Jeff Sutton: Awards & Achievements

Jeff Sutton's contributions to the real estate industry have been widely recognized. He has received numerous awards and accolades, including:

Real Estate Board of New York (REBNY) Chairman's Award
The New York Times Deal of the Year Award
The Wall Street Journal Real Estate Innovator of the Year Award
Forbes 400 Richest Americans list

Jeff Sutton: Personal Life & Legacy

Jeff Sutton is known for his philanthropic efforts and support of various charitable organizations.

He has made significant contributions to educational institutions, medical research, and cultural programs. Sutton's legacy as a successful real estate developer and philanthropist continues to inspire future generations.

Jeff Sutton: Trivia

Jeff Sutton purchased a residential property in Deal, New Jersey for $22.6 million in June 2013.
He is an avid art collector and owns a significant collection of contemporary art.
Sutton is a member of the board of trustees of several cultural institutions, including the Whitney Museum of American Art and the Museum of Modern Art (MoMA).

Wealth History

Timeline

1981

Graduated with a B.A./B.S. from the University of Pennsylvania.

Early 1990s

Successful strategy with Payless Shoes.

Late 1990s

Successful strategy with CVS Pharmacy in lower Manhattan.

June 2013

Purchased a residential property in Deal, New Jersey for $22.6 million.

December 2023

Net worth estimated at $2.3 billion by Forbes.

Jeff Sutton : FAQs

What is Jeff Sutton's current net worth?

Jeff Sutton's current net worth is $2.69 billion.

What is Jeff Sutton's current global rank among billionaires?

Jeff Sutton holds the 1519th position globally among billionaires.

What is Jeff Sutton's current ranking within the United States?

Jeff Sutton holds the 531st position in United States.

What was the change in Jeff Sutton's net worth compared to the previous year?

Jeff Sutton's net worth decreased by 0 million dollars compared to the previous year 2025, when his net worth was 2.69 billion dollars.

What are Jeff Sutton's main sources of wealth?

Jeff Sutton's main source of income comes from Real Estate.

In which industry does Jeff Sutton primarily operate?

Jeff Sutton is primarily involved in the Real Estate industry.

What is Jeff Sutton educational background?

Jeff Sutton holds a Bachelor of Arts/Science from the University of Pennsylvania from The Wharton School.

How old is Jeff Sutton?

Jeff Sutton is 66 years old.

How many children does Jeff Sutton have?

Jeff Sutton has 5 children.

Who is Jeff Sutton and what is he known for?

Jeff Sutton is an American billionaire real estate developer and the founder of Wharton Properties. He's renowned for his strategic approach to securing prime retail locations for national chains across New York City.

What strategy did Jeff Sutton use to build his real estate empire?

Jeff Sutton built his real estate empire by identifying potential tenants, determining optimal store locations, and acquiring leases. He notably partnered with Payless Shoes in the early 1990s and CVS Pharmacy in the late 1990s, focusing on securing leases with triple-A national retail chains.

What are some of the significant properties owned by Jeff Sutton?

Significant properties owned by Jeff Sutton include the American Eagle Outfitters store on Broadway and Houston Street, the Armani flagship at 717 Fifth Avenue, the Abercrombie & Fitch store on 720 Fifth Avenue, and the American Girl store at 609 Fifth Avenue, among others.