Real Estate Billionaires
USINFO | 2013-12-23 13:49
Bernard Saul II
Net Worth: $1.6 billion
Founded Chevy Chase Bank in 1969 from a trailer. Now Washington, D.C. area’s largest commercial bank. Rising operating expenses slashing net income; profits down 27% to $78 million since 2005. Founded first real estate investment trust 1964, second REIT 1969. Today Saul Centers manages 7.9 million square feet of property in 6 states. Trustee of Johns Hopkins Medical Board, National Gallery of Art.
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