Mortimer Benjamin “Mort” Zuckerman (born June 4, 1937) is a Canadian-born American media proprietor, magazine editor, and investor. He is the co-founder, executive chairman and former CEO of Boston Properties, one of the largest real estate investment trusts in the United States. Zuckerman is also the owner and publisher of the New York Daily News and of U.S. News & World Report, where he serves as editor-in-chief. He formerly owned The Atlantic and Fast Company. On the Forbes 2016 list of the world’s billionaires, he was ranked No. 688 with a net worth of US$2.5 billion.
Early life and education
Zuckerman was born in Montreal, Quebec, Canada, the son of Esther and Abraham Zuckerman, who owned a tobacco and candy store. His family was Jewish, and his grandfather was an Orthodox rabbi. Zuckerman entered McGill University at the age of 16. He graduated from McGill with a BA in 1957 and a BCL in 1961, although he never took the bar exam. That same year, Zuckerman entered the Wharton School of the University of Pennsylvania, where he earned an MBA degree with a distinction of honor. In 1962, he received an LLM degree from Harvard Law School.
Business career
Mortimer Zuckerman
After graduating, Zuckerman remained at Harvard Business School as an associate professor for nine years. He also taught at Yale University. Zuckerman spent seven years at the real estate firm Cabot, Cabot & Forbes, where he rose to the position of senior vice president and chief financial officer.
In 1980, he purchased the literary magazine The Atlantic Monthly, where he was the chairman from 1980 to 1999. In 1999 he sold the magazine to David G. Bradley for US$12 million. Commenting on this sale and that of Fast Company magazine, which he sold for $365 million at the height of the tech boom in 2000, he quipped, “I averaged out.”
While he still owned Atlantic Monthly, in 1984, Zuckerman bought U.S. News & World Report, where he remains its editor-in-chief.
Summary
| Mortimer Zuckerman | |
|---|---|
| Born | Mortimer Benjamin Zuckerman June 4, 1937 Montreal, Quebec, Canada |
| Residence | Upper East Side, Manhattan East Hampton, New York Aspen, Colorado, US |
| Nationality | Canadian/American |
| Alma mater | McGill University University of Pennsylvania Harvard University |
| Occupation | Executive chairman of Boston Properties Editor-in-chief of U.S. News & World Report Publisher of the New York Daily News |
| Net worth | US$2.5 billion (Forbes 2016) |
| Spouse(s) | Marla Prather (1996–2001; divorced) |
| Children | Abigail (born 1997, with Prather) Renée Esther (born December 19, 2008) |
Publishing and real estate tycoon Mort Zuckerman has an estimated net worth of $2.5 billion as of May 2015 according to Forbes. According to Forbes.com, he is #613 in the World Billionaires List (#546 in 2012), #213 in the United States, and #190 in the Forbes 400 List. He was born Mortimer Benjamin Zuckerman on June 4, 1937 in Montreal, Quebec, Canada to a Jewish family. He earned his B.A. (1957) and BCL (1961) at McGill University but never took the bar exam. He earned his M.B.A. (1961) with a distinction of honor at the Wharton School of the University of Pennsylvania. In 1962, he received an LL.M. degree from Harvard Law School. Zuckerman remained as an associate professor for nine years at Harvard Business School and has taught at Yale University. He has worked for seven years at Cabot, Cabot & Forbes, a real estate firm. He bought the literary magazine The Atlantic Monthly in 1980 and served as the chairman from 1980 to 1999. He sold the magazine in 1999 to David G. Bradley for $12 million. He bought U.S. News & World Report in 1984 and remained as its editor-in-chief.
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