Robert Toll: Robert Toll Net Worth, Biography, Age, Spouse, Children & More

About Robert Toll

Robert Irwin Toll (1940-2022), the American entrepreneur and co-founder of Toll Brothers, a leading luxury homebuilder, made his mark by pioneering mass-produced high-end homes across the U.S. Born into a Jewish family in Elkins Park, Pennsylvania, Toll faced early life challenges after his father’s financial loss in the 1929 stock market crash. A Cornell University and University of Pennsylvania Law School alum, he, along with his brother Bruce E. Toll, established Toll Brothers in 1967 in Chester County, Pennsylvania. Under his leadership, the company expanded beyond the Northeast, implementing a conservative financial strategy that saw significant growth, including the acquisition of Shapell Homes for $1.6 billion in 2013. Besides his corporate success, Toll's commitment to philanthropy was notable, contributing to education, peace, and health charities, alongside serving on prestigious boards and foundations. Toll Brothers remains a testament to his vision following his death in New York City due to Parkinson's disease complications. His legacy extends through his philanthropic initiatives, including the Albert & Sylvia Toll Scholarship Foundation and his contribution to various societal causes. As a respected figure in the real estate industry, his accolades include being named CEO of the Year and "Best CEO in the Homebuilders & Building Products industry" multiple times. Toll's life story reflects the enduring impact of resilience, innovation, and a commitment to giving back.

Born

December 30, 1940 in Philadelphia, Pennsylvania, U.S.

Died

October 07, 2022 (aged 81)

Source Of Wealth

Home Building

Industries

Real Estate

Citizenship

United States

Education

Bachelor of Arts/Science, Cornell University; LLB, University of Pennsylvania

Spouse

Jane Toll

Children

Parent

Albert Toll, Sylvia Steinberg Toll

## Early Years & Childhood

Robert Irwin Toll was born on July 1, 1940, in Elkins Park, Pennsylvania, to a Jewish family. His father, Albert Toll, was a successful businessman who lost everything in the stock market crash of 1929. Despite this setback, Robert Toll went on to achieve great success in his own right.

## Family

Robert Toll was married twice and had children from both marriages. His first wife was Jane Toll, with whom he had three children: David, Steven, and Jennifer. His second wife was Kim Toll, with whom he had two children: Michael and Rachel.

## Career Highlights

Robert Toll co-founded Toll Brothers with his brother Bruce E. Toll in 1967. The company started by building luxury homes in Chester County, Pennsylvania, and eventually expanded to other areas of the country, including Washington, D.C., and California. Toll Brothers is now one of the largest homebuilders in the United States.

## Companies

Robert Toll was the co-founder and CEO of Toll Brothers, a luxury homebuilder company. He also served on the boards of several other companies, including Cornell Real Estate Council, Metropolitan Opera, Seeds of Peace, and Beth Shalom Synagogue.

## Major Achievements

Robert Toll is credited with mass-producing luxury housing. He grew Toll Brothers into one of the largest homebuilders in the United States by using a conservative financial model and expanding out of the Northeast to other areas of the country.

## Awards & Achievements

Robert Toll received numerous awards and accolades throughout his career. He was named CEO of the Year by Professional Builder Magazine in 2005 and "Best CEO in the Homebuilders & Building Products industry" by Institutional Investor magazine in 2007, 2008, and 2009. He was also a member of the Democratic National Finance Committee during the Obama campaign.

## Personal Life & Legacy

Robert Toll was a philanthropist and a long-time fundraiser for the American Red Cross and the American Cancer Society.

He also established the Albert & Sylvia Toll Scholarship Foundation. Robert Toll died in New York City from complications of Parkinson's disease on October 7, 2022, at the age of 81.

## Trivia

Robert Toll's estimated net worth was $1 billion as of March 2018. He was a graduate of Cornell University (B.A.) and the University of Pennsylvania Law School (LL.B.). Toll Brothers purchased Shapell Homes for $1.6 billion in 2013.

Wealth History

Timeline

1940

Robert Irwin Toll is born to a Jewish family in Elkins Park, Pennsylvania.

1929

Toll's father loses everything in the stock market crash.

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Toll graduates from Cornell University with a Bachelor of Arts degree.

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Toll graduates from the University of Pennsylvania Law School with a Bachelor of Laws degree.

1967

Toll and his brother Bruce E. Toll found Toll Brothers, a luxury homebuilder company.

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Toll Brothers begins building luxury homes in Chester County, Pennsylvania.

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Toll Brothers grows its business using a conservative financial model.

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Toll Brothers expands out of the Northeast to Washington, D.C., and California.

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Toll Brothers is credited with mass-producing luxury housing.

2010

Toll steps down as CEO of Toll Brothers but remains active in management.

2013

Toll Brothers purchases Shapell Homes for $1.6 billion.

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Toll sponsors 58 third graders in the Say Yes to Education program.

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Toll serves on various boards, including Cornell Real Estate Council, Metropolitan Opera, Seeds of Peace, and Beth Shalom Synagogue.

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Toll is a long-time fundraiser for the American Red Cross and American Cancer Society.

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Toll is a member of the Democratic National Finance Committee during the Obama campaign.

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Toll serves on the Board of Overseers at the University of Pennsylvania Law School and as a trustee of the University of Pennsylvania.

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Toll establishes the Albert & Sylvia Toll Scholarship Foundation.

2005

Toll is named CEO of the Year by Professional Builder Magazine.

2007

Toll is named "Best CEO in the Homebuilders & Building Products industry" by Institutional Investor magazine.

2008

Toll is again named "Best CEO in the Homebuilders & Building Products industry" by Institutional Investor magazine.

2009

Toll is once again named "Best CEO in the Homebuilders & Building Products industry" by Institutional Investor magazine.

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Toll marries twice and has children from both marriages.

March 2018

Toll's net worth is estimated to be $1 billion.

October 7, 2022

Toll dies in New York City from complications of Parkinson's disease at the age of 81.

Robert Toll : FAQs

What is Robert Toll's net worth?

As of 2022, Robert Toll's net worth was $1.10 billion.

What are Robert Toll's main sources of wealth?

Robert Toll's main source of income comes from Home Building.

In which industry does Robert Toll primarily operate?

Robert Toll is primarily involved in the Real Estate industry.

What is Robert Toll educational background?

Robert Toll holds a Bachelor of Arts/Science from Cornell University and a LLB from the University of Pennsylvania.

Is Robert Toll dead?

Yes, Robert Toll died on October 07, 2022 (aged 81).

How many children does Robert Toll have?

Robert Toll has 5 children.

Who was Robert Irwin Toll and what is he known for?

Robert Irwin Toll was an American businessman, best known as the co-founder of Toll Brothers, a leading company specializing in building luxury homes.

How did Robert Toll contribute to the housing industry?

Robert Toll significantly impacted the housing industry by founding Toll Brothers with his brother in 1967, focusing on luxury homes and pioneering their mass production. He also implemented a conservative financial model that allowed the company to expand nationwide.

What philanthropic efforts was Robert Toll involved in?

Robert Toll was deeply involved in philanthropy, serving on boards of various organizations, sponsoring education programs, and contributing to health and culture causes. He established the Albert & Sylvia Toll Scholarship Foundation and supported numerous charities, including the American Red Cross and American Cancer Society.

What were the circumstances of Robert Toll's death?

Robert Toll died on October 7, 2022, in New York City due to complications of Parkinson's disease, at the age of 81. His legacy includes significant contributions to the real estate industry and various philanthropic efforts.